ALLETE (ALE) Projected to Post Quarterly Earnings on Tuesday

ALLETE (NYSE:ALE - Get Free Report) is expected to be releasing its Q4 2024 earnings data before the market opens on Tuesday, February 18th. Analysts expect ALLETE to post earnings of $1.02 per share and revenue of $414.00 million for the quarter.

ALLETE (NYSE:ALE - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.02 by ($0.15). ALLETE had a return on equity of 5.99% and a net margin of 11.49%.

ALLETE Stock Down 0.9 %

Shares of ALLETE stock traded down $0.56 during trading on Friday, reaching $65.33. 412,959 shares of the company traded hands, compared to its average volume of 379,435. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.45 and a quick ratio of 0.95. ALLETE has a 1-year low of $55.86 and a 1-year high of $65.99. The company has a 50 day moving average price of $65.18 and a 200-day moving average price of $64.51. The firm has a market capitalization of $3.78 billion, a PE ratio of 20.94 and a beta of 0.80.

ALLETE Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Friday, February 14th will be given a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 4.47%. The ex-dividend date of this dividend is Friday, February 14th. This is an increase from ALLETE's previous quarterly dividend of $0.71. ALLETE's payout ratio is presently 90.38%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of ALLETE in a report on Friday, January 10th. They set a "hold" rating on the stock.

About ALLETE

ALLETE, Inc operates as an energy company. The company operates through Regulated Operations, ALLETE Clean Energy, and Corporate and Other segments. It generates electricity from coal-fired, biomass co-fired / natural gas, hydroelectric, wind, and solar. In addition, the company provides regulated utility electric services in northwestern Wisconsin to approximately 15,000 electric customers, 13,000 natural gas customers, and 10,000 water customers, as well as regulated utility electric services in northeastern Minnesota to approximately 150,000 retail customers and 14 non-affiliated municipal customers.