ALLETE/$ALE
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About ALLETE
ALLETE Inc provides competitively-priced energy in America's Upper Midwest region and invests in transmission infrastructure and other energy-centric businesses. The company has two reportable segments. The first segment is Regulated Operations, which includes the company's regulated utilities, Minnesota Power and SWL&P, as well as its investment in ATC. ATC is a regulated utility based in Wisconsin that owns and maintains electric transmission assets in parts of Wisconsin, Michigan, Minnesota, and Illinois. The second segment is ALLETE Clean Energy, which focuses on developing, acquiring, and operating clean and renewable energy projects.
Ticker
$ALE
Sector
Primary listing
NYSE
Employees
1,642
Headquarters
Website
ALLETE Metrics
BasicAdvanced
$3.7B
20.03
$3.17
0.75
$2.90
4.60%
Price and volume
Market cap
$3.7B
Beta
0.75
52-week high
$66.46
52-week low
$63.24
Average daily volume
550K
Dividend rate
$2.90
Financial strength
Current ratio
1.34
Quick ratio
0.643
Long term debt to equity
57.373
Total debt to equity
59.262
Dividend payout ratio (TTM)
90.47%
Interest coverage (TTM)
1.91%
Profitability
EBITDA (TTM)
448.2
Gross margin (TTM)
32.72%
Net profit margin (TTM)
11.98%
Operating margin (TTM)
10.66%
Effective tax rate (TTM)
5.51%
Revenue per employee (TTM)
$930,000
Management effectiveness
Return on assets (TTM)
1.50%
Return on equity (TTM)
3.14%
Valuation
Price to earnings (TTM)
20.028
Price to revenue (TTM)
2.396
Price to book
1.29
Price to tangible book (TTM)
1.36
Price to free cash flow (TTM)
-68.77
Free cash flow yield (TTM)
-1.45%
Free cash flow per share (TTM)
-0.923
Dividend yield (TTM)
4.56%
Forward dividend yield
4.60%
Growth
Revenue change (TTM)
-0.44%
Earnings per share change (TTM)
-17.41%
3-year revenue growth (CAGR)
0.69%
10-year revenue growth (CAGR)
2.28%
3-year earnings per share growth (CAGR)
-4.09%
10-year earnings per share growth (CAGR)
0.65%
3-year dividend per share growth (CAGR)
4.18%
10-year dividend per share growth (CAGR)
3.82%
What the Analysts think about ALLETE
Analyst ratings (Buy, Hold, Sell) for ALLETE stock.
Bulls say / Bears say
ALLETE and its transaction partners reached a settlement with the Minnesota Department of Commerce on July 11, 2025, ensuring a one-year rate freeze, a $50 million Clean Firm Technology Fund, and five-year capital funding to support transmission and renewable investments after closing (Business Wire).
The Board raised the quarterly dividend to $0.73 per share on January 30, 2025, a 3.5% increase, highlighting ALLETE’s more than 75 consecutive years of dividend payments and management’s confidence in future cash flows (Business Wire).
ALLETE’s transmission services revenue rose sharply in Q2 2025, with utility transmission income increasing to $19.3 million from $1.6 million a year earlier, driven by equity earnings from American Transmission Company and new agreements (Business Wire).
ALLETE Clean Energy’s profitability dropped sharply in Q2 2025, with net income falling to $0.9 million from $2.4 million a year earlier, due to lower wind output and weaker pricing at most sites (Business Wire).
Minnesota Power’s regulated operations saw net income decline in Q2 2025 as lower margins from reduced taconite sales, along with higher maintenance and depreciation tied to EPA compliance, weighed on earnings (Business Wire).
An Administrative Law Judge issued a non-binding recommendation against the proposed CPP/GIP acquisition, citing a lack of consumer protections and funding guarantees for the clean-energy transition, which adds regulatory uncertainty to ALLETE’s go-private deal (Fox21Online).
Data summarised monthly by Lightyear AI. Last updated on 5 Sept 2025.
ALLETE Financial Performance
Revenues and expenses
ALLETE Earnings Performance
Company profitability
ALLETE News
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Upcoming events
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FAQs
What’s the current market cap for ALLETE stock?
ALLETE (ALE) has a market cap of $3.7B as of September 05, 2025.
What is the P/E ratio for ALLETE stock?
The price to earnings (P/E) ratio for ALLETE (ALE) stock is 20.03 as of September 05, 2025.
Does ALLETE stock pay dividends?
Yes, the ALLETE (ALE) stock pays dividends to shareholders. As of September 05, 2025, the dividend rate is $2.895 and the yield is 4.6%. ALLETE has a payout ratio of 90.47% on a trailing twelve-month basis.
When is the next ALLETE dividend payment date?
The next ALLETE (ALE) dividend payment date is unconfirmed.
What is the beta indicator for ALLETE?
ALLETE (ALE) has a beta rating of 0.75. This means that it is less volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 0.5 would mean it moves half as much as the market.