What’s the current market cap for ALLETE stock?

ALLETE (ALE) has a market cap of $3.9bn as of June 21, 2026.

What is the P/E ratio for ALLETE stock?

The price to earnings (P/E) ratio for ALLETE (ALE) stock is 23.83 as of June 21, 2026.

Does ALLETE stock pay dividends?

Yes, the ALLETE (ALE) stock pays dividends to shareholders. As of June 21, 2026, the dividend rate is $2.19 and the yield is 4.3%. ALLETE has a payout ratio of 101.27% 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 0.82. 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.

Buy ALLETE stock | $ALE Share Price

13:30

15:10

16:45

18:25

20:00

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

Utilities

Primary listing

NYSE

Employees

1,620

Headquarters

Duluth, United States

Website

www.allete.com

ALLETE Metrics

BasicAdvanced

$3.9bn

23.83

$2.85

0.82

$2.19

4.30%

What the Analysts think about ALLETE

Analyst ratings (Buy, Hold, Sell) for ALLETE stock.

Bulls say / Bears say

The completion of ALLETE’s $6.2 billion take-private acquisition by CPP Investments and Global Infrastructure Partners provides strong capital support for infrastructure and renewable energy investments without quarterly market pressures (MarketScreener).

ALLETE Clean Energy’s portfolio of over 1,200 MW of contracted wind generation across seven states ensures stable, long-term cash flows under power sales agreements (MarketScreener).

Minnesota Power’s residential energy rate was adjusted down slightly from $0.10818/kWh to $0.10772/kWh effective January 1, 2026, reflecting operational efficiencies and regulatory stability in ALLETE’s core utility operations (Minnesota Power).

Trading of ALLETE’s stock was suspended on the NYSE following the close of the CPP/GIP acquisition, eliminating liquidity and exit options for public shareholders (TipRanks).

The Sierra Club warned that private equity ownership under Global Infrastructure Partners may prioritize profit extraction over decarbonization, potentially slowing ALLETE Clean Energy’s clean power initiatives (The Guardian).

Critics cautioned that the acquisition could lead to higher electricity rates for Minnesota Power customers as private owners seek to boost returns, despite regulatory conditions (The Guardian).

Data summarised monthly by Lightyear AI. Last updated on 2 Jun 2026.

ALLETE Financial Performance

Revenues and expenses

QuarterlyAnnual

Q3 24

QoQ growth

Revenue

$37bn

-39.75%

Net income

$45bn

107.52%

Profit margin

37.65%

6.78%

ALLETE Earnings Performance

Company profitability

QuarterlyAnnual

Q4 23

Q1 24

Q2 24

Q3 24

Q4 24

Actual

$3.69

$2.85

$2.45

$2.42

Expected

$3.55

$2.61

$2.05

$2.31

$3.94

Surprise

3.94%

9.20%

19.51%

4.63%

Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.

Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

Bulls say / Bears say

ALLETE Clean Energy’s portfolio of over 1,200 MW of contracted wind generation across seven states ensures stable, long-term cash flows under power sales agreements (MarketScreener).

Trading of ALLETE’s stock was suspended on the NYSE following the close of the CPP/GIP acquisition, eliminating liquidity and exit options for public shareholders (TipRanks).

Critics cautioned that the acquisition could lead to higher electricity rates for Minnesota Power customers as private owners seek to boost returns, despite regulatory conditions (The Guardian).

Data summarised monthly by Lightyear AI. Last updated on 2 Jun 2026.

About ALLETE

Ticker

Primary listing

Employees

ALLETE Metrics

Price and volume

Financial strength

Profitability

Management effectiveness

Valuation

Growth

What the Analysts think about ALLETE

Analyst Ratings

Bulls say / Bears say

ALLETE Financial Performance

Income Statement

ALLETE Earnings Performance

Earnings per share (EPS)

Buy $ALE

Lightyear

Legal

Work with us

Bulls say / Bears say

ALLETE/$ALE

About ALLETE

Ticker

Primary listing

Employees

ALLETE Metrics

Price and volume

Financial strength

Profitability

Management effectiveness

Valuation

Growth

What the Analysts think about ALLETE

Analyst Ratings

Bulls say / Bears say

ALLETE Financial Performance

Income Statement

ALLETE Earnings Performance

Earnings per share (EPS)

What’s the current market cap for ALLETE stock?

What is the P/E ratio for ALLETE stock?

Does ALLETE stock pay dividends?

When is the next ALLETE dividend payment date?

What is the beta indicator for ALLETE?

Bulls say / Bears say