ALLETE, Inc.

Ticker

ALE

ISIN

US018522300

Price

USD 62.80

Change Today

-0.19 / -0.302 %

Price 1 year ago

58.62 / 7.138 %

Market Capitalization

3,155,927,040.00

52 Week Low

48.60

52 Week High

63.56

200 Day Moving Average

56.20

50-day Moving Average

59.23


Price evolution

Yearly Returns


Peers


Peers

Company information

Summary

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.

Sector

Utilities

Industry

Utilities—Diversified

Country

United States

Exchange

NYQ

Earnings Per Share

3.35

P/E Ratio

17.919403

Debt/Equity Ratio

62.44

Beta

0.601106

City

Duluth

Address

30 West Superior Street

Zip

55802-2093

Ebitda

402,900,000.00

Ebitda Margins

0.28

Enterprise to Ebitda

14.66

Enterprise Value

5,905,777,664.00

Target Price

66.50

Estimated Price

-

Book Value

44.04

Expected Growth

-

Balance sheet

Income statement

Sustainability

Correlation

Company Name Correlation
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600483.SS FUJIAN FUNENG CO LTD 0.04
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600396.SS SHENYANG JINSHAN ENERGY CO LTD 0.11
HER.MI HERA 0.12
600969.SS HUNAN CHENDIAN INTL DEV SHS-HOL 0.14
3825.T REMIXPOINT INC 0.16
0956.HK CHINA SUNTIEN 0.16
0HIT.IL IBERDROLA SA 0.22
600101.SS SICHUAN MINGXING ELECTRIC POWER 0.27
CMIG4.SA CEMIG PN N1 0.28
600509.SS XINJIANG TIANFU ENERGY CO LTD 0.32
ENEL.MI ENEL 0.32
CPLE6.SA COPEL PNB N2 0.36
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CIG Comp En De Mn Cemig 0.39
0LD0.IL ENGIE SA 0.41
ENLAY ENEL SPA UN SPON ADR EA REPR 1 0.41
EOAN.DE E.ON SE 0.42
ENGI.PA ENGIE 0.43
A2A.MI A2A 0.44
RWE.DE RWE AG INH O.N. 0.52
EDP.LS EDP 0.55
SSE.L SSE PLC ORD 50P 0.59
AES The AES Corporation 0.62
IBE.MC ACCIONES IBERDROLA 0.65

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Indicators

Glossary
Momentum
A technical indicator that measures the rate of change in price movements over a specific period. It indicates the strength or weakness of a price trend.
Assessment: A positive momentum value generally indicates a good trend, while a negative value suggests a weak or downward trend.
Inertia
In trading, inertia refers to the tendency of prices to continue moving in their current direction. It suggests that an asset's price will likely maintain its current trend.
Assessment: A higher inertia value is generally considered good, as it indicates a strong and sustained price trend.
Relative Strength Index (RSI)
A momentum oscillator that measures the speed and change of price movements. It helps identify overbought or oversold conditions in an asset.
Assessment: An RSI value above 70 is typically considered overbought and may suggest a potential reversal or correction. Conversely, an RSI value below 30 is often considered oversold, indicating a possible upward price correction.
Fibonacci's Weighted Moving Average
A technical indicator that assigns different weights to recent data points, giving more significance to recent prices. It helps smooth out price fluctuations and identify trend reversals.
Assessment: The interpretation of the Fibonacci's Weighted Moving Average value depends on its comparison to other moving averages or trendlines. A value above 50 may indicate an uptrend, while a value below 50 may suggest a downtrend.
Williams %R
A momentum indicator that measures overbought or oversold conditions in an asset. It shows the relationship of the current closing price to the high-low range over a specified period.
Assessment: Williams %R values above -20 are typically considered overbought and may indicate a potential price reversal. Values below -80 are often viewed as oversold, suggesting a potential price bounce.
Relative Volatility Index (RVI)
A technical indicator that measures the volatility of a security by comparing the magnitude of recent price movements to the magnitude of average price changes. It helps identify periods of high or low volatility.
Assessment: A higher RVI value suggests higher volatility, which can provide trading opportunities but also carries increased risk.
Commodity Channel Index (CCI)
A versatile indicator that measures the current price level relative to an average price level over a given period. It helps identify overbought or oversold conditions and potential trend reversals.
Assessment: CCI values above 100 are often considered overbought, indicating a potential price correction or reversal. Values below -100 are typically viewed as oversold, suggesting a potential price rebound.