ALLETE/$ALE
ALLETE shares are trading higher after reaching an agreement with the Minnesota Department of Commerce to provide cost savings and benefits for customers.
6 hours ago·Lightyear AI
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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
Industry
Electric Utilities
Headquarters
Employees
1,617
ISIN
US0185223007
Website
ALLETE Metrics
BasicAdvanced
$3.8B
20.36
$3.19
0.78
$2.87
4.49%
Price and volume
Market cap
$3.8B
Beta
0.78
52-week high
$66.40
52-week low
$63.00
Average daily volume
427K
Dividend rate
$2.87
Financial strength
Current ratio
1.256
Quick ratio
0.618
Long term debt to equity
54.084
Total debt to equity
54.084
Dividend payout ratio (TTM)
89.06%
Interest coverage (TTM)
2.19%
Profitability
EBITDA (TTM)
459
Gross margin (TTM)
33.16%
Net profit margin (TTM)
12.10%
Operating margin (TTM)
11.87%
Effective tax rate (TTM)
6.43%
Revenue per employee (TTM)
$940,000
Management effectiveness
Return on assets (TTM)
1.64%
Return on equity (TTM)
3.51%
Valuation
Price to earnings (TTM)
20.362
Price to revenue (TTM)
2.459
Price to book
1.11
Price to tangible book (TTM)
1.16
Price to free cash flow (TTM)
64.165
Free cash flow yield (TTM)
1.56%
Free cash flow per share (TTM)
101.25%
Dividend yield (TTM)
4.42%
Forward dividend yield
4.49%
Growth
Revenue change (TTM)
-11.15%
Earnings per share change (TTM)
-23.28%
3-year revenue growth (CAGR)
1.42%
10-year revenue growth (CAGR)
2.78%
3-year earnings per share growth (CAGR)
-2.90%
10-year earnings per share growth (CAGR)
0.75%
3-year dividend per share growth (CAGR)
4.16%
10-year dividend per share growth (CAGR)
3.81%
What the Analysts think about ALLETE
Analyst ratings (Buy, Hold, Sell) for ALLETE stock.
Bulls say / Bears say
ALLETE's strategic focus on renewable energy positions it to capitalize on the growing demand for clean energy solutions, potentially driving long-term growth. (Seeking Alpha)
The company's planned $4.3 billion investment in clean energy initiatives and transmission projects by 2027 demonstrates a strong commitment to expanding its renewable energy portfolio. (Reuters)
ALLETE's acquisition by Global Infrastructure Partners and CPP Investments at a 19% premium to its pre-announcement share price indicates confidence in the company's future prospects. (Reuters)
ALLETE reported a decline in net income to $33.0 million in Q2 2024 from $51.5 million in the prior-year quarter, indicating potential financial challenges. (Markets Insider)
The company's total operating revenue decreased to $354.5 million in Q2 2024 from $533.4 million in the same quarter last year, reflecting a significant drop in revenue. (Markets Insider)
Analysts at Guggenheim view the $6.2 billion acquisition deal as modest compared to similar transactions, suggesting limited upside potential. (Reuters)
Data summarised monthly by Lightyear AI. Last updated on 6 Jul 2025.
ALLETE Financial Performance
Revenues and expenses
ALLETE Earnings Performance
Company profitability
ALLETE News
AllArticlesVideos
ALLETE Announces Agreement with Minnesota Department of Commerce to Deliver Immediate Post-Closing Cost Savings and Substantial Benefits for Customers and Communities
Business Wire·9 hours ago
ALLETE to Announce Second Quarter Financial Results August 07
Business Wire·1 day ago
Allete Shares Enter Oversold Territory
Forbes·2 weeks ago
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.
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Capital at risk
Upcoming events
No upcoming events
FAQs
What’s the current market cap for ALLETE stock?
ALLETE (ALE) has a market cap of $3.8B as of July 12, 2025.
What is the P/E ratio for ALLETE stock?
The price to earnings (P/E) ratio for ALLETE (ALE) stock is 20.36 as of July 12, 2025.
Does ALLETE stock pay dividends?
Yes, the ALLETE (ALE) stock pays dividends to shareholders. As of July 12, 2025, the dividend rate is $2.87 and the yield is 4.49%. ALLETE has a payout ratio of 89.06% 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 0.78. 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.