NYSE:ALE

ALLETE (ALE) Stock Price, News & Analysis

ALLETE logo
$65.71 +0.08 (+0.12%)
Closing price 03:59 PM Eastern
Extended Trading
$65.70 -0.01 (-0.01%)
As of 04:20 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.

About ALLETE Stock (NYSE:ALE)

Key Stats

Today's Range
$65.55
$65.74
50-Day Range
$64.36
$65.88
52-Week Range
$55.86
$65.95
Volume
197,322 shs
Average Volume
394,151 shs
Market Capitalization
$3.80 billion
P/E Ratio
21.06
Dividend Yield
4.29%
Price Target
$63.00
Consensus Rating
Moderate Buy

Company Overview

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. Further, it owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illinois. Additionally, the company focuses on developing, acquiring, and operating clean and renewable energy projects; and owns and operates approximately 1,200 megawatts of wind energy generation facility, as well as involved in the coal mining operations in North Dakota; and real estate investment activities in Florida. It owns and operates 162 substations with a total capacity of 9,980 megavolt amperes. The company serves taconite mining, paper, pulp and secondary wood products, pipeline, and other industries. The company was formerly known as Minnesota Power, Inc. and changed its name to ALLETE, Inc. in May 2001. ALLETE, Inc. was incorporated in 1906 and is headquartered in Duluth, Minnesota.

ALLETE Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
84th Percentile Overall Score

ALE MarketRank™: 

ALLETE scored higher than 84% of companies evaluated by MarketBeat, and ranked 23rd out of 91 stocks in the utilities sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    ALLETE has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on no buy ratings, 2 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    ALLETE has received no research coverage in the past 90 days.

  • Read more about ALLETE's stock forecast and price target.
  • Price to Earnings Ratio vs. the Market

    The P/E ratio of ALLETE is 21.06, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.37.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of ALLETE is 21.06, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 91.76.

  • Price to Book Value per Share Ratio

    ALLETE has a P/B Ratio of 1.11. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about ALLETE's valuation and earnings.
  • Percentage of Shares Shorted

    1.75% of the outstanding shares of ALLETE have been sold short.
  • Short Interest Ratio / Days to Cover

    ALLETE has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in ALLETE has recently decreased by 5.61%, indicating that investor sentiment is improving significantly.
  • Dividend Leadership

    ALLETE is a leading dividend payer. It pays a dividend yield of 4.30%, putting its dividend yield in the top 25% of dividend-paying stocks.

  • Dividend Growth

    ALLETE has been increasing its dividend for 15 years.

  • Dividend Coverage

    The dividend payout ratio of ALLETE is 90.38%. Payout ratios above 75% are not desirable because they may not be sustainable.

  • Read more about ALLETE's dividend.
  • Percentage of Shares Shorted

    1.75% of the outstanding shares of ALLETE have been sold short.
  • Short Interest Ratio / Days to Cover

    ALLETE has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in ALLETE has recently decreased by 5.61%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    ALLETE has a news sentiment score of 1.20. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.66 average news sentiment score of Utilities companies.
  • News Coverage This Week

    MarketBeat has tracked 4 news articles for ALLETE this week, compared to 4 articles on an average week.
  • Search Interest

    3 people have searched for ALE on MarketBeat in the last 30 days.
  • MarketBeat Follows

    4 people have added ALLETE to their MarketBeat watchlist in the last 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, ALLETE insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 0.23% of the stock of ALLETE is held by insiders.

  • Percentage Held by Institutions

    76.55% of the stock of ALLETE is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about ALLETE's insider trading history.
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ALE Stock News Headlines

Allete, Inc.: 11% Return Beats A Bank For Short-Term Idle Cash
Allete raises quarterly dividend 3.5% to 73c per share
Elon Musk's Urgent Warning: Is Your Wealth at Risk?
When Elon Musk speaks, the world listens. Recently, he issued a stark warning: The United States is hurtling toward bankruptcy at an alarming pace. The national debt has surged past $36 trillion, equating to over $106,000 per American.
Allete announces retirement of CFO Steven Morris and succession plan
Allete CFO Steven Morris To Retire
See More Headlines

ALE Stock Analysis - Frequently Asked Questions

ALLETE's stock was trading at $64.80 on January 1st, 2025. Since then, ALE stock has increased by 1.4% and is now trading at $65.7090.
View the best growth stocks for 2025 here
.

ALLETE, Inc. (NYSE:ALE) posted its quarterly earnings data on Wednesday, October, 30th. The utilities provider reported $0.78 earnings per share for the quarter, missing analysts' consensus estimates of $0.99 by $0.21. The business's quarterly revenue was up 7.5% compared to the same quarter last year.

Top institutional investors of ALLETE include Charles Schwab Investment Management Inc. (1.36%), Bank of New York Mellon Corp (0.83%), Alpine Associates Management Inc. (0.66%) and OLD Republic International Corp (0.66%).
View institutional ownership trends
.

Shares of ALE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

Based on aggregate information from My MarketBeat watchlists, some other companies that ALLETE investors own include Verizon Communications (VZ), AT&T (T), AbbVie (ABBV), Chevron (CVX), International Business Machines (IBM), 3M (MMM) and United Parcel Service (UPS).

Company Calendar

Last Earnings
10/30/2024
Ex-Dividend for 12/1 Dividend
11/15/2024
Dividend Payable
12/01/2024
Today
2/10/2025
Ex-Dividend for 3/1 Dividend
2/14/2025
Next Earnings (Estimated)
2/18/2025
Dividend Payable
3/01/2025
Fiscal Year End
12/31/2025

Industry, Sector and Symbol

Sector
Utilities
Industry
Electric & other services combined
Sub-Industry
Electric Utilities
CUSIP
01852230
Employees
1,560
Year Founded
2015

Price Target and Rating

Average Stock Price Target
$63.00
High Stock Price Target
$67.00
Low Stock Price Target
$59.00
Potential Upside/Downside
-4.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$247.10 million
Pretax Margin
8.69%

Debt

Sales & Book Value

Annual Sales
$1.88 billion
Cash Flow
$8.72 per share
Book Value
$59.27 per share

Miscellaneous

Free Float
57,686,000
Market Cap
$3.79 billion
Optionable
Optionable
Beta
0.80
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This page (NYSE:ALE) was last updated on 2/10/2025 by MarketBeat.com Staff
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