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Allete, Inc.Allete, Inc.Allete, Inc.

Allete, Inc.

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Overview
Financials News Ideas Technicals Forecast

ALE chart

Key stats

Market capitalization
‪3.46 B‬USD
Dividend yield (indicated)
4.70%
Price to earnings Ratio (TTM)
13.88
Basic EPS (TTM)
4.31USD
Net income
‪247.10 M‬USD
Revenue
‪1.88 B‬USD
Shares float
‪49.62 M‬
Beta (1Y)
0.34

About Allete, Inc.

Sector
Utilities
Industry
Electric Utilities
CEO
Bethany M. Owen
Website
allete.com
Headquarters
Duluth
Employees (FY)
‪1.56 K‬
Founded
1906
FIGI
BBG000CYW7N5
ALLETE, Inc. engages in the provision of electric and natural gas utility services. It operates through the following business segments: Regulated Operations, ALLETE Clean Energy, and Corporate and Other. The Regulated Operations segment includes regulated utilities, Minnesota Power, SWL&P, and investment in ATC, which regulates utilities that own and maintain electric transmission assets. The ALLETE Clean Energy segment develops, acquires, and operates clean and renewable energy projects. The Corporate and Other segment includes New Energy, South Shore Energy, BNI Energy, ALLETE Properties, a small amount of non-rate base generation, land holdings, and earnings on cash and investments. The company was founded on January 25, 1906 and is headquartered in Duluth, MN.

Financials

Performance
Revenue to profit conversion
Debt level and coverage
Earnings
Next:—
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Ideas

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News

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Technicals

Summarizing what the indicators are suggesting.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy

Analyst rating

An aggregate view of professional's ratings.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy

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Frequently Asked Questions

The current price of ALE is 59.96 USD — it has increased by 0.42% in the past 24 hours.
Depending on the exchange, the stock ticker may vary. For instance, on NYSE exchange Allete, Inc. stocks are traded under the ticker ALE.
Allete, Inc. is going to release the next earnings report on May 9, 2024. Keep track of upcoming events with our Earnings Calendar.
ALE stock is 1.61% volatile and has beta coefficient of 0.34. Check out the list of the most volatile stocks — is Allete, Inc. there?
ALE earnings for the last quarter are 1.49 USD per share, whereas the estimation was 0.65 USD resulting in a 129.26% surprise. The estimated earnings for the next quarter are 0.97 USD per share. See more details about Allete, Inc. earnings.
Allete, Inc. revenue for the last quarter amounts to ‪378.80 M‬ USD despite the estimated figure of ‪397.11 M‬ USD. In the next quarter revenue is expected to reach ‪425.21 M‬ USD.
Yes, you can track Allete, Inc. financials in yearly and quarterly reports right on TradingView.
ALE stock has risen by 2.55% compared to the previous week, the month change is a 1.94% rise, over the last year Allete, Inc. has showed a 7.70% decrease.
ALE net income for the last quarter is ‪51.50 M‬ USD, while the quarter before that showed ‪85.90 M‬ USD of net income which accounts for −40.05% change. Track more Allete, Inc. financial stats to get the full picture.
Today Allete, Inc. has the market capitalization of ‪3.46 B‬, it has decreased by 0.93% over the last week.
Yes, ALE dividends are paid quarterly. The last dividend per share was 0.70 USD. As of today, Dividend Yield (TTM)% is 4.57%. Tracking Allete, Inc. dividends might help you take more informed decisions.
Allete, Inc. dividend yield was 4.43% in 2023, and payout ratio reached 62.95%. The year before the numbers were 4.03% and 76.91% correspondingly. See high-dividend stocks and find more opportunities for your portfolio.
Like other stocks, ALE shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade Allete, Inc. stock right from TradingView charts — choose your broker and connect to your account.
ALE reached its all-time high on Sep 26, 2019 with the price of 88.60 USD, and its all-time low was 3.16 USD and was reached on Sep 10, 1974.
See other stocks reaching their highest and lowest prices.
As of Apr 23, 2024, the company has ‪1.56 K‬ employees. See our rating of the largest employees — is Allete, Inc. on this list?
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So Allete, Inc. technincal analysis shows the buy rating today, and its 1 week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating Allete, Inc. stock shows the buy signal. See more of Allete, Inc. technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
We've gathered analysts' opinions on Allete, Inc. future price: according to them, ALE price has a max estimate of 62.00 USD and a min estimate of 56.00 USD. Read a more detailed Allete, Inc. forecast: see what analysts think of Allete, Inc. and suggest that you do with its stocks.
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. Allete, Inc. EBITDA is ‪432.70 M‬ USD, and current EBITDA margin is 23.02%. See more stats in Allete, Inc. financial statements.