Market closed
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
Trading on
NYSE
Industry
Electric Utilities
Headquarters
Employees
1,593
Website
ALLETE Metrics
BasicAdvanced
$3.7B
Market cap
20.69
P/E ratio
$3.12
EPS
0.79
Beta
$2.82
Dividend rate
4.37%
Dividend yield
Price and volume
Market cap
$3.7B
Beta
0.79
52-week high
$65.86
52-week low
$55.86
Average daily volume
288K
Dividend rate
$2.82
Financial strength
Current ratio
1.446
Quick ratio
0.714
Long term debt to equity
51.659
Total debt to equity
53.004
Dividend payout ratio (TTM)
89.35%
Interest coverage (TTM)
2.25%
Management effectiveness
Return on assets (TTM)
1.69%
Return on equity (TTM)
3.55%
Valuation
Price to earnings (TTM)
20.694
Price to revenue (TTM)
2.372
Price to book
1.32
Price to tangible book (TTM)
1.39
Price to free cash flow (TTM)
32.275
Dividend yield (TTM)
4.37%
Forward dividend yield
4.37%
Growth
Revenue change (TTM)
-17.62%
Earnings per share change (TTM)
-27.61%
3-year revenue growth (CAGR)
5.35%
3-year earnings per share growth (CAGR)
1.94%
3-year dividend per share growth (CAGR)
3.65%
What the Analysts think about ALLETE
Analyst Ratings
Analyst ratings (Buy, Hold, Sell) for ALLETE stock.
ALLETE Financial Performance
Income Statement
Revenues and expenses
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
$37B
-39.75%
Net income
$45B
107.52%
Profit margin
37.65%
6.78%
ALLETE Earnings Performance
Earnings per share (EPS)
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%
-
ALLETE News
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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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FAQs
What’s the current market cap for ALLETE stock?
ALLETE (ALE) has a market cap of $3.7B as of December 14, 2024.
What is the P/E ratio for ALLETE stock?
The price to earnings (P/E) ratio for ALLETE (ALE) stock is 20.69 as of December 14, 2024.
Does ALLETE stock pay dividends?
Yes, the ALLETE (ALE) stock pays dividends to shareholders. As of December 14, 2024, the dividend rate is $2.82 and the yield is 4.37%. ALLETE has a payout ratio of 89.35% 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 0.79. 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.