Market closedNon-fractional
ALLETE/ALE
13:30
15:10
16:45
18:25
20:00
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
Website
www.allete.com
ALLETE Metrics
BasicAdvanced
$3.7B
Market cap
15.50
P/E ratio
$4.16
EPS
0.74
Beta
$2.74
Dividend rate
4.25%
Dividend yield
Price and volume
Market cap
$3.7B
Beta
0.74
Dividend rate
$2.74
Financial strength
Current ratio
1.661
Quick ratio
0.668
Long term debt to equity
52.279
Total debt to equity
52.886
Dividend payout ratio (TTM)
65.65%
Interest coverage (TTM)
2.33%
Management effectiveness
Return on assets (TTM)
1.79%
Return on equity (TTM)
5.27%
Valuation
Price to earnings (TTM)
15.501
Price to revenue (TTM)
2.153
Price to book
1.31
Price to tangible book (TTM)
1.39
Price to free cash flow (TTM)
12.702
Dividend yield (TTM)
4.25%
Growth
Revenue change (TTM)
-1.93%
Earnings per share change (TTM)
30.60%
3-year revenue growth (CAGR)
12.81%
3-year earnings per share growth (CAGR)
10.74%
3-year dividend per share growth (CAGR)
3.31%
What the Analysts think about ALLETE
Analyst Ratings
Majority rating from 6 analysts.
ALLETE Financial Performance
Income StatementBalance sheetCash Flow
Income Statement
Revenues and expenses
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
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%
-
ALLETE News
AllArticlesVideos
URGENT UPDATE: The M&A Class Action Firm Investigates Merger and Looming Vote on August 21, 2024, of ALLETE, Inc. - ALE
PRNewsWire·3 days ago
URGENT UPDATE: The M&A Class Action Firm Investigates Merger and Looming Vote on August 21, 2024, of ALLETE, Inc. - ALE
GlobeNewsWire·6 days ago
URGENT UPDATE: The M&A Class Action Firm Investigates Merger and Looming Vote on August 21, 2024, of ALLETE, Inc. - ALE
Accesswire·1 week 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.
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
Market closedNon-fractional
Upcoming events
Aug
15
ALLETE
Dividend·Ex-dividend
Sept
1
ALLETE
Dividend·Payment
$0.7005
Per share
FAQs
What’s the current market cap for ALLETE stock?
ALLETE (ALE) has a market cap of $3.7B as of July 27, 2024.
What is the P/E ratio for ALLETE stock?
The price to earnings (P/E) ratio for ALLETE (ALE) stock is 15.5 as of July 27, 2024.
Does ALLETE stock pay dividends?
Yes, the ALLETE (ALE) stock pays dividends to shareholders. As of July 27, 2024, the dividend rate is $2.7375 and the yield is 4.25%. 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 is scheduled for September 01, 2024.
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.
Buy or sell ALLETE stock
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