ALLETE, Inc
NYSE:ALE

61.3 USD -0.09 USD ( -0.15% )

ALLETE, Inc (NYSE:ALE)

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Summary

Business Profile
ALLETE, Inc

ALLETE, Inc. operates as an energy company. The company operates through Regulated Operations, ALLETE Clean Energy, and Corporate and Other segments. It generates electricity from coal-fired, biomass co-fired / natural gas, hydroelectric, wind, and solar. The company provides regulated utility electric services in northwestern Wisconsin to approximately 15,000 electric customers, 13,000 natural gas customers, and 10,000 water customers, as well as regulated utility electric services in northeastern Minnesota to approximately 145,000 retail customers and 15 non-affiliated municipal customers. It also owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illinois. In addition, the company focuses on developing, acquiring, and operating clean and renewable energy projects; and owns and operates approximately 1,000 megawatts of wind energy generation facility. Further, it is involved in the coal mining operations in North Dakota; and real estate investment activities in Florida. The company owns and operates 158 substations with a total capacity of 10,066 megavolt amperes. It serves taconite mining, paper, pulp and secondary wood products, pipeline, and other industries. The company was formerly known as Minnesota Power, Inc. and changed its name to ALLETE, Inc. in May 2001. ALLETE, Inc. was incorporated in 1906 and is headquartered in Duluth, Minnesota. [ Read More ]

Country

United States of America

Industry

Utilities-Diversified

Market Cap

3.21B USD

Enterprise Value

5.18B USD

Dividend Yield

4%

Buyback Yield

-1%

Intrinsic Valuation

ALE Intrinsic Value
Intrinsic value based on company cash flows

The intrinsic value of one ALE stock under the base scenario is 65.43 USD. Compared to the current market price of 61.3 USD, the company's shares are trading near their fair value.

Analyst Rating

Analyst Price Target
ALE Price Target

12 month price targets for ALE stock made by Wall Street analysts. The average price target is 71.81 USD with a high forecast of 88.2 USD and a low forecast of 62.62 USD.

Lowest
Forecast
62.62 USD
Upside 2%
Average
Forecast
71.81 USD
Upside 17%
Highest
Forecast
88.2 USD
Upside 44%

Competitors

Competitors Valuation Chart
ALLETE, Inc Competitors

Competitors Valuation Table
ALLETE, Inc Competitors

Shareholder Return

Stock Performance
ALE Price Statistics

ALE Market
1 Week -1% +1%
6 Months -14% +8%
1 Year +10% +31%
3 Years -14% +65%

Stock Price
ALE Price Chart

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6M
1Y
3Y
5Y

Forecasted Financials

Revenue
Forecast of Future Revenue

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Net Income
Forecast of Future Net Income

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ALLETE, Inc Revenue and Net Income forecasts made by Wall Street analysts.