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ALLETE NYSE:ALE Stock Report

Last Price

US$57.68

Market Cap

US$3.3b

7D

0.5%

1Y

-6.9%

Updated

21 Feb, 2024

Data

Company Financials +

ALLETE, Inc. Competitors

Price History & Performance

Summary of all time highs, changes and price drops for ALLETE
Historical stock prices
Current Share PriceUS$57.68
52 Week HighUS$66.69
52 Week LowUS$49.29
Beta0.77
1 Month Change-2.80%
3 Month Change4.68%
1 Year Change-6.86%
3 Year Change-8.79%
5 Year Change-29.26%
Change since IPO264.05%

Recent News & Updates

ALLETE (NYSE:ALE) Will Pay A Larger Dividend Than Last Year At $0.705

Feb 12
ALLETE (NYSE:ALE) Will Pay A Larger Dividend Than Last Year At $0.705

Allete: I Continue To Be Bullish On This Quality Business

Feb 10

ALLETE (NYSE:ALE) Will Pay A Larger Dividend Than Last Year At $0.705

Jan 29
ALLETE (NYSE:ALE) Will Pay A Larger Dividend Than Last Year At $0.705

Recent updates

ALLETE (NYSE:ALE) Will Pay A Larger Dividend Than Last Year At $0.705

Feb 12
ALLETE (NYSE:ALE) Will Pay A Larger Dividend Than Last Year At $0.705

Allete: I Continue To Be Bullish On This Quality Business

Feb 10

ALLETE (NYSE:ALE) Will Pay A Larger Dividend Than Last Year At $0.705

Jan 29
ALLETE (NYSE:ALE) Will Pay A Larger Dividend Than Last Year At $0.705

Calculating The Intrinsic Value Of ALLETE, Inc. (NYSE:ALE)

Jan 19
Calculating The Intrinsic Value Of ALLETE, Inc. (NYSE:ALE)

There's No Escaping ALLETE, Inc.'s (NYSE:ALE) Muted Earnings

Dec 19
There's No Escaping ALLETE, Inc.'s (NYSE:ALE) Muted Earnings

Allete: An Undervalued Company With Excellent Opportunity

Nov 23

ALLETE (NYSE:ALE) Ticks All The Boxes When It Comes To Earnings Growth

Nov 07
ALLETE (NYSE:ALE) Ticks All The Boxes When It Comes To Earnings Growth

ALLETE (NYSE:ALE) May Have Issues Allocating Its Capital

Oct 09
ALLETE (NYSE:ALE) May Have Issues Allocating Its Capital

A Look At The Intrinsic Value Of ALLETE, Inc. (NYSE:ALE)

Sep 24
A Look At The Intrinsic Value Of ALLETE, Inc. (NYSE:ALE)

ALLETE (NYSE:ALE) Takes On Some Risk With Its Use Of Debt

Sep 06
ALLETE (NYSE:ALE) Takes On Some Risk With Its Use Of Debt

Allete: A Potential Buy In Renewable Energy

Aug 30

Allete's Q2 Performance: Generating Energy And Enthusiasm

Aug 11

Be Wary Of ALLETE (NYSE:ALE) And Its Returns On Capital

Jun 26
Be Wary Of ALLETE (NYSE:ALE) And Its Returns On Capital

Is ALLETE, Inc. (NYSE:ALE) Worth US$62.0 Based On Its Intrinsic Value?

Jun 09
Is ALLETE, Inc. (NYSE:ALE) Worth US$62.0 Based On Its Intrinsic Value?

ALLETE (NYSE:ALE) Use Of Debt Could Be Considered Risky

May 24
ALLETE (NYSE:ALE) Use Of Debt Could Be Considered Risky

ALLETE (NYSE:ALE) Is Increasing Its Dividend To $0.6775

May 07
ALLETE (NYSE:ALE) Is Increasing Its Dividend To $0.6775

Need To Know: Analysts Are Much More Bullish On ALLETE, Inc. (NYSE:ALE) Revenues

May 05
Need To Know: Analysts Are Much More Bullish On ALLETE, Inc. (NYSE:ALE) Revenues

A Look At The Intrinsic Value Of ALLETE, Inc. (NYSE:ALE)

Mar 10
A Look At The Intrinsic Value Of ALLETE, Inc. (NYSE:ALE)

Here's Why ALLETE (NYSE:ALE) Is Weighed Down By Its Debt Load

Feb 21
Here's Why ALLETE (NYSE:ALE) Is Weighed Down By Its Debt Load

Allete: Dividend Play, Leading The Renewables Transition

Feb 15

ALLETE (NYSE:ALE) Will Want To Turn Around Its Return Trends

Feb 06
ALLETE (NYSE:ALE) Will Want To Turn Around Its Return Trends

ALLETE raises dividend by 4.28% to $0.6775

Feb 03

A Look At The Intrinsic Value Of ALLETE, Inc. (NYSE:ALE)

Dec 04
A Look At The Intrinsic Value Of ALLETE, Inc. (NYSE:ALE)

Allete Stock Compares Favorably To Bond ETFs IEF And ILTB

Nov 16

ALLETE Q3 2022 Earnings Preview

Nov 08

The Returns On Capital At ALLETE (NYSE:ALE) Don't Inspire Confidence

Nov 02
The Returns On Capital At ALLETE (NYSE:ALE) Don't Inspire Confidence

ALLETE declares $0.65 dividend

Oct 28

Here's Why ALLETE (NYSE:ALE) Is Weighed Down By Its Debt Load

Oct 18
Here's Why ALLETE (NYSE:ALE) Is Weighed Down By Its Debt Load

An Intrinsic Calculation For ALLETE, Inc. (NYSE:ALE) Suggests It's 22% Undervalued

Aug 29
An Intrinsic Calculation For ALLETE, Inc. (NYSE:ALE) Suggests It's 22% Undervalued

ALLETE GAAP EPS of $0.61 misses by $0.02, revenue of $373.1M beats by $30.28M; reaffirms FY earning guidance

Aug 03

ALLETE declares $0.65 dividend

Jul 28

The Returns On Capital At ALLETE (NYSE:ALE) Don't Inspire Confidence

Jul 27
The Returns On Capital At ALLETE (NYSE:ALE) Don't Inspire Confidence

Is ALLETE (NYSE:ALE) Using Too Much Debt?

Jul 11
Is ALLETE (NYSE:ALE) Using Too Much Debt?

New Forecasts: Here's What Analysts Think The Future Holds For ALLETE, Inc. (NYSE:ALE)

May 11
New Forecasts: Here's What Analysts Think The Future Holds For ALLETE, Inc. (NYSE:ALE)

Is There An Opportunity With ALLETE, Inc.'s (NYSE:ALE) 27% Undervaluation?

May 04
Is There An Opportunity With ALLETE, Inc.'s (NYSE:ALE) 27% Undervaluation?

Allete Stock: Maintaining A Buy Rating

Apr 26

Some Investors May Be Worried About ALLETE's (NYSE:ALE) Returns On Capital

Mar 28
Some Investors May Be Worried About ALLETE's (NYSE:ALE) Returns On Capital

ALLETE (NYSE:ALE) Is Increasing Its Dividend To US$0.65

Feb 08
ALLETE (NYSE:ALE) Is Increasing Its Dividend To US$0.65

Allete Update: Double-Digit Returns Still On Offer

Jan 17

Calculating The Intrinsic Value Of ALLETE, Inc. (NYSE:ALE)

Jan 15
Calculating The Intrinsic Value Of ALLETE, Inc. (NYSE:ALE)

Shareholder Returns

ALEUS Electric UtilitiesUS Market
7D0.5%1.2%-0.5%
1Y-6.9%-7.9%22.3%

Return vs Industry: ALE exceeded the US Electric Utilities industry which returned -10% over the past year.

Return vs Market: ALE underperformed the US Market which returned 20.5% over the past year.

Price Volatility

Is ALE's price volatile compared to industry and market?
ALE volatility
ALE Average Weekly Movement3.5%
Electric Utilities Industry Average Movement2.9%
Market Average Movement6.0%
10% most volatile stocks in US Market16.6%
10% least volatile stocks in US Market3.1%

Stable Share Price: ALE has not had significant price volatility in the past 3 months.

Volatility Over Time: ALE's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19061,533Bethany Owenhttps://www.allete.com

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.

ALLETE, Inc. Fundamentals Summary

How do ALLETE's earnings and revenue compare to its market cap?
ALE fundamental statistics
Market capUS$3.32b
Earnings (TTM)US$247.10m
Revenue (TTM)US$1.88b

13.4x

P/E Ratio

1.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ALE income statement (TTM)
RevenueUS$1.88b
Cost of RevenueUS$1.39b
Gross ProfitUS$489.90m
Other ExpensesUS$242.80m
EarningsUS$247.10m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)4.30
Gross Margin26.06%
Net Profit Margin13.15%
Debt/Equity Ratio52.6%

How did ALE perform over the long term?

See historical performance and comparison

Dividends

4.9%

Current Dividend Yield

62%

Payout Ratio
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