ALLETE/ALE

$57.99

-0.58%
-
1D1W1MYTD1YMAX

About ALLETE

ALLETE, Inc. is a clean-energy transformation company that owns, operates and developing wind energy generation to reduce carbon footprint. The Company’s segments include Regulated Operations and ALLETE Clean Energy. Regulated Operations includes regulated utilities, Minnesota Power, and SWL&P, as well as investment in ATC, a Wisconsin-based regulated utility that owns and maintains electric transmission assets in portions of Wisconsin, Michigan, Minnesota, and Illinois. Minnesota Power provides regulated utility electric service in northeastern Minnesota to approximately 150,000 retail customers. ALLETE Clean Energy segment is focused on developing, acquiring, and operating clean and renewable energy projects. The segment owns and operates, in seven states, more than 1,200 MW of nameplate capacity wind energy generation with a contract under power sales agreements (PSAs) of various durations. It engages in the development of wind energy facilities to operate under long-term PSAs.

Ticker

ALE

Sector

Utilities

Trading on

NYSE

Industry

Electric Utilities

CEO

Bethany Owen

Employees

1,513

Headquarters

Duluth, United States

ALLETE Metrics

BasicAdvanced
$3.36B
Market cap
13.55
P/E ratio
$4.30
EPS
0.75
Beta
$2.03
Dividend rate
4.83%
Dividend yield
$3.36B
0.75139
$65.10
$49.29
285.91K
$2.03
1.24
0.775
59.848
63.828
62.93%
507.323
3.71%
2.65%
8.98%
3.21%
13.552
1.789
1.196
1.267
21.208
3.57%
3.48%
4.83%
19.68%
26.32%
17.15%
10.54%
-6.29%

What the Analysts think about ALLETE

Analyst Ratings

Majority rating from 7 analysts.
Hold

Price Targets

Average projection from 5 analysts.
4.79% upside
High $67.86
Low $57.00
$57.99
Current price
$60.77
Average price target

ALLETE Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
12.78% profit margin
QuarterlyAnnual
Q4 23
QoQ growth
Revenue
$402.7M
6.31%
Net income
$51.5M
-40.05%
Profit margin
12.78%
-43.63%

ALLETE Earnings Performance

Earnings per share (EPS)

Company profitability
Missed by 8.06%
QuarterlyAnnual
Q1 23
Q2 23
Q3 23
Q4 23
Q1 24
Actual
$1.02
$0.90
$1.49
$0.89
-
Expected
$1.18
$0.80
$0.65
$0.97
$1.07
Surprise
-13.27%
12.03%
129.23%
-8.06%
-
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 a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.

Upcoming events

FAQs

What’s the current market cap for ALLETE stock?

ALLETE (ALE) has a market cap of $3.36B as of April 15, 2024.

What is the P/E ratio for ALLETE stock?

The price to earnings (P/E) ratio for ALLETE (ALE) stock is 13.55 as of April 15, 2024.

Does ALLETE stock pay dividends?

Yes, the ALLETE (ALE) stock pays dividends to shareholders. As of April 15, 2024, the dividend rate is $2.0325 and the yield is 4.83%. ALLETE has a payout ratio of 62.93% 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.

What is the ALLETE stock price target?

The target price for ALLETE (ALE) stock is $60.77, which is 4.79% above the current price of $57.99. This is an average based on projections from 5 analysts, and represents their view of what the stock price could be in 12 or 18 months. This should not be seen as investment advice - Lightyear does not carry out investment research.

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