A
AlphaQuest LLC
+ HoldingALE
+9.14%
3M Return
$67.900
-0.041 (-0.06%)At close
Loading chart…
- High
- 67.990
- Open
- 67.970
- VWAP
- 67.92
- Vol
- 4.39M
- Mkt Cap
- 3.60B
- Low
- 67.880
- Amount
- 298.50M
- EV/EBITDA, TTM
- 12.30
ALLETE, Inc. is an energy company. The Company's segments include Regulated Operations, ALLETE Clean Energy, New Energy and Corporate and Other. The Regulated Operations segment includes its regulated utilities, Minnesota Power and Superior Water, Light and Power Company, as well as its investment in American Transmission Company LLC, a Wisconsin-based regulated utility that owns and maintains electric transmission assets in portions of Wisconsin, Michigan, Minnesota and Illinois. The ALLETE Clean Energy segment is focused on developing, acquiring, and operating clean and renewable energy projects. The New Energy segment is a renewable energy company with a primary focus on developing solar and energy storage facilities for external sale and internal ownership while also offering comprehensive operations, maintenance and asset management services. The Corporate and Other segment is comprised of its investment in Nobles 2, South Shore Energy, BNI Energy, ALLETE Properties and others.
Analyst Ratings (5)
-1.33% downside
Hold
0 Buy
4 Hold
1 Sell
Current: 67.90
Low
67.00
Average
67.00
High
67.00
Mizuho
Hold
$67
2024-05-16
Mizuho
2024-05-16
Price Target
$67
Hold
Wells Fargo
Hold
$59
2024-02-21
Wells Fargo
2024-02-21
Price Target
$59
Hold
Guggenheim
Hold
$58
2024-01-22
Guggenheim
2024-01-22
Price Target
$58
Hold
Sidoti & Co.
Hold
$64
2024-01-10
Sidoti & Co.
2024-01-10
Price Target
$64
Hold
Mizuho
Hold
$58
2023-07-21
Mizuho
2023-07-21
Price Target
$58
Hold
Valuation Metrics
The current forward P/E ratio for ALLETE Inc (ALE) is 16.52, compared to its 5-year average forward P/E of 16.07.
Whales holding ALE
Events Timeline
News
8.512-15NewsfilterALLETE Acquired by CPP Investments and GIP, Customers to Receive $200 Million in Benefits
- 2.012-12PRnewswire
Corebridge Financial to Join S&P MidCap 400 on December 17
- 8.512-12Newsfilter
Corebridge Financial (CRBG) to Replace Allete (ALE) in S&P MidCap 400
- 8.512-11Newsfilter
ALLETE Acquired by CPP Investments and GIP, Expected to Deliver $200 Million in Benefits
- 7.512-05Newsfilter
New Energy Equity Raises $143,000 to Support Solar Energy Initiatives
ALE FAQ — answered by Alphio AI
ALLETE, Inc. is an energy company. The Company's segments include Regulated Operations, ALLETE Clean Energy, New Energy and Corporate and Other. The Regulated Operations segment includes its regulated utilities, Minnesota Power and Superior Water, Light and Power Company, as well as its investment in American Transmission Company LLC, a Wisconsin-based regulated utility that owns and maintains electric transmission assets in portions of Wisconsin, Michigan, Minnesota and Illinois. The ALLETE Clean Energy segment is focused on developing, acquiring, and operating clean and renewable energy projects. The New Energy segment is a renewable energy company with a primary focus on developing solar and energy storage facilities for external sale and internal ownership while also offering comprehensive operations, maintenance and asset management services. The Corporate and Other segment is comprised of its investment in Nobles 2, South Shore Energy, BNI Energy, ALLETE Properties and others. It operates in the Utilities sector (ELECTRIC & OTHER SERVICES COMBINED industry).
5 analysts cover ALE: 0 rate it Buy, 4 Hold and 1 Sell. The average price target is 67.00.
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