Market closedNon-fractional

ALLETE/ALE

13:30
14:25
15:15
16:10
17:00
1D1W1MYTD1YMAX

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

Trading on

NYSE

Industry

Electric Utilities

Headquarters

Duluth, United States

Employees

1,564

ALLETE Metrics

BasicAdvanced
$3.6B
Market cap
14.83
P/E ratio
$4.16
EPS
0.74
Beta
$2.74
Dividend rate
4.44%
Dividend yield
$3.6B
0.74
$2.74
1.661
0.668
52.279
52.886
65.65%
2.33%
1.79%
5.27%
14.83
2.06
1.25
1.33
12.15
4.44%
-1.93%
30.60%
12.81%
10.74%
3.31%

What the Analysts think about ALLETE

Analyst Ratings

Majority rating from 6 analysts.
Hold

ALLETE Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
12.57% profit margin
QuarterlyAnnual
Q1 24
QoQ growth
Revenue
$403M
0.15%
Net income
$51M
-1.55%
Profit margin
12.57%
-1.64%

ALLETE Earnings Performance

Earnings per share (EPS)

Company profitability
Missed by 14.15%
QuarterlyAnnual
Q2 23
Q3 23
Q4 23
Q1 24
Q2 24
Actual
$0.90
$1.49
$0.89
$0.88
-
Expected
$0.80
$0.65
$0.97
$1.03
$0.83
Surprise
12.03%
129.23%
-8.06%
-14.15%
-
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.
Market closedNon-fractional

Upcoming events

No upcoming events

FAQs

What’s the current market cap for ALLETE stock?

ALLETE (ALE) has a market cap of $3.6B as of July 04, 2024.

What is the P/E ratio for ALLETE stock?

The price to earnings (P/E) ratio for ALLETE (ALE) stock is 14.83 as of July 04, 2024.

Does ALLETE stock pay dividends?

Yes, the ALLETE (ALE) stock pays dividends to shareholders. As of July 04, 2024, the dividend rate is $2.7375 and the yield is 4.44%. ALLETE has a payout ratio of 65.65% 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 0.74. 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.

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