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ALLETE/$ALE

14:30
16:10
17:45
19:25
21:00
1D1W1MYTD1Y5YMAX

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

1,593
Website
www.allete.com

ALLETE Metrics

BasicAdvanced
$3.8B
20.98
$3.12
0.79
$2.82
4.31%

$3.8B

0.79

$65.86

$55.86

342K

$2.82

1.446

0.714

51.659

53.004

89.35%

2.25%

1.69%

3.55%

20.983

2.405

1.34

1.41

32.725

4.31%

4.31%

-17.62%

-27.61%

5.35%

1.94%

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

AllArticlesVideos
ALLETE receives FERC approval for proposed transaction with Canada Pension Plan Investment Board and Global Infrastructure Partners

ALLETE receives FERC approval for proposed transaction with Canada Pension Plan Investment Board and Global Infrastructure Partners

Business Wire·4 weeks ago
Puget Sound Energy signs on to largest share of North Plains Connector transmission project

Puget Sound Energy signs on to largest share of North Plains Connector transmission project

GlobeNewsWire·1 month ago
ALLETE Clean Energy has fully recontracted Armenia Mountain Wind

ALLETE Clean Energy has fully recontracted Armenia Mountain Wind

Business Wire·2 months 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. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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FAQs

What’s the current market cap for ALLETE stock?

ALLETE (ALE) has a market cap of $3.8B as of January 15, 2025.

What is the P/E ratio for ALLETE stock?

The price to earnings (P/E) ratio for ALLETE (ALE) stock is 20.98 as of January 15, 2025.

Does ALLETE stock pay dividends?

Yes, the ALLETE (ALE) stock pays dividends to shareholders. As of January 15, 2025, the dividend rate is $2.82 and the yield is 4.31%. 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.