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Allete, Inc.Allete, Inc.Allete, Inc.

Allete, Inc.

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Overview
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ALE chart


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ALE upcoming earnings

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EPS estimate
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Revenue estimate
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Key stats


Market capitalization
‪3.72 B‬ USD
Dividend yield (indicated)
4.37%
Price to earnings Ratio (TTM)
20.68
Basic EPS (TTM)
3.13 USD
Net income (FY)
‪247.10 M‬ USD
Revenue (FY)
‪1.88 B‬ USD
Shares float
‪57.66 M‬
Beta (1Y)
−0.15

Employees


Employees (FY)
‪1.56 K‬
Change (1Y)
+66 +4.42%
Revenue / Employee (1Y)
‪1.21 M‬ USD
Net income / Employee (1Y)
‪158.40 K‬ USD

About Allete, Inc.


Sector
Utilities
Industry
Electric Utilities
CEO
Bethany M. Owen
Website
allete.com
Headquarters
Duluth
Founded
1906
FIGI
BBG000CYW7N5
ALLETE, Inc. engages in the provision of electric and natural gas utility services. It operates through the following business segments: Regulated Operations, ALLETE Clean Energy, and Corporate and Other. The Regulated Operations segment includes regulated utilities, Minnesota Power, SWL&P, and investment in ATC, which regulates utilities that own and maintain electric transmission assets. The ALLETE Clean Energy segment develops, acquires, and operates clean and renewable energy projects. The Corporate and Other segment includes New Energy, South Shore Energy, BNI Energy, ALLETE Properties, a small amount of non-rate base generation, land holdings, and earnings on cash and investments. The company was founded on January 25, 1906 and is headquartered in Duluth, MN.

Financials


Performance
Revenue to profit conversion
Debt level and coverage
Earnings
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ALE news



Ideas



See all ideas 

Technicals

Summarizing what the indicators are suggesting.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy

Analyst rating


An aggregate view of professional's ratings.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy

Seasonals


Displays a symbol's price movements over previous years to identify recurring trends.

Frequently Asked Questions


The current price of ALE is 64.37 USD — it has decreased by −0.26% in the past 24 hours. Watch Allete, Inc. stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on NYSE exchange Allete, Inc. stocks are traded under the ticker ALE.
ALE stock has fallen by −1.01% compared to the previous week, the month change is a −0.02% fall, over the last year Allete, Inc. has showed a 15.90% increase.
We've gathered analysts' opinions on Allete, Inc. future price: according to them, ALE price has a max estimate of 74.00 USD and a min estimate of 56.00 USD. Watch ALE chart and read a more detailed Allete, Inc. stock forecast: see what analysts think of Allete, Inc. and suggest that you do with its stocks.
ALE reached its all-time high on Sep 26, 2019 with the price of 88.60 USD, and its all-time low was 3.16 USD and was reached on Sep 10, 1974. View more price dynamics on ALE chart.
See other stocks reaching their highest and lowest prices.
ALE stock is 0.89% volatile and has beta coefficient of −0.15. Track Allete, Inc. stock price on the chart and check out the list of the most volatile stocks — is Allete, Inc. there?
Today Allete, Inc. has the market capitalization of ‪3.73 B‬, it has increased by 0.28% over the last week.
Yes, you can track Allete, Inc. financials in yearly and quarterly reports right on TradingView.
Allete, Inc. is going to release the next earnings report on Feb 13, 2025. Keep track of upcoming events with our Earnings Calendar.
ALE earnings for the last quarter are 0.78 USD per share, whereas the estimation was 0.99 USD resulting in a −21.61% surprise. The estimated earnings for the next quarter are 1.11 USD per share. See more details about Allete, Inc. earnings.
Allete, Inc. revenue for the last quarter amounts to ‪407.20 M‬ USD, despite the estimated figure of ‪390.64 M‬ USD. In the next quarter, revenue is expected to reach ‪413.54 M‬ USD.
ALE net income for the last quarter is ‪45.00 M‬ USD, while the quarter before that showed ‪33.00 M‬ USD of net income which accounts for 36.36% change. Track more Allete, Inc. financial stats to get the full picture.
Yes, ALE dividends are paid quarterly. The last dividend per share was 0.70 USD. As of today, Dividend Yield (TTM)% is 4.33%. Tracking Allete, Inc. dividends might help you take more informed decisions.
Allete, Inc. dividend yield was 4.43% in 2023, and payout ratio reached 62.95%. The year before the numbers were 4.03% and 76.91% correspondingly. See high-dividend stocks and find more opportunities for your portfolio.
As of Nov 21, 2024, the company has ‪1.56 K‬ employees. See our rating of the largest employees — is Allete, Inc. on this list?
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. Allete, Inc. EBITDA is ‪430.50 M‬ USD, and current EBITDA margin is 23.02%. See more stats in Allete, Inc. financial statements.
Like other stocks, ALE shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade Allete, Inc. stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So Allete, Inc. technincal analysis shows the sell today, and its 1 week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating Allete, Inc. stock shows the buy signal. See more of Allete, Inc. technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.