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ALLETE NYSE:ALE Stock Report

Last Price

US$64.50

Market Cap

US$3.7b

7D

-0.2%

1Y

4.7%

Updated

20 Dec, 2024

Data

Company Financials +

ALLETE, Inc.

NYSE:ALE Stock Report

Market Cap: US$3.7b

ALE Stock Overview

Operates as an energy company. More details

ALE fundamental analysis
Snowflake Score
Valuation0/6
Future Growth1/6
Past Performance2/6
Financial Health3/6
Dividends4/6

Rewards

Earnings are forecast to grow 14.75% per year

Risk Analysis

Interest payments are not well covered by earnings

Dividend of 4.37% is not well covered by free cash flows


My Notes

Capture your thoughts, links and company narrative

ALLETE, Inc. Competitors

MGE Energy

NasdaqGS:MGEE

US$3.4b

Otter Tail

NasdaqGS:OTTR

US$3.1b

TXNM Energy

NYSE:TXNM

US$4.3b

Portland General Electric

NYSE:POR

US$4.6b

Price History & Performance

Summary of share price highs, lows and changes for ALLETE
Historical stock prices
Current Share PriceUS$64.50
52 Week HighUS$65.86
52 Week LowUS$55.86
Beta0.79
1 Month Change0.20%
3 Month Change1.02%
1 Year Change4.66%
3 Year Change-0.19%
5 Year Change-19.71%
Change since IPO307.10%

Recent News & Updates

Recent updates

Allete, Inc.: BlackRock's Backdoor Takeover

Jun 30

Little Excitement Around ALLETE, Inc.'s (NYSE:ALE) Earnings

Apr 29
Little Excitement Around ALLETE, Inc.'s (NYSE:ALE) Earnings

These 4 Measures Indicate That ALLETE (NYSE:ALE) Is Using Debt Extensively

Apr 11
These 4 Measures Indicate That ALLETE (NYSE:ALE) Is Using Debt Extensively

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)

Shareholder Returns

ALEUS Electric UtilitiesUS Market
7D-0.2%-1.5%-2.4%
1Y4.7%20.7%23.3%

Return vs Industry: ALE underperformed the US Electric Utilities industry which returned 19.3% over the past year.

Return vs Market: ALE underperformed the US Market which returned 22.1% over the past year.

Price Volatility

Is ALE's price volatile compared to industry and market?
ALE volatility
ALE Average Weekly Movement0.7%
Electric Utilities Industry Average Movement2.6%
Market Average Movement6.3%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.1%

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

Volatility Over Time: ALE's weekly volatility (1%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19061,593Bethany Owenwww.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$3.74b
Earnings (TTM)US$180.20m
Revenue (TTM)US$1.57b

20.7x

P/E Ratio

2.4x

P/S Ratio

Is ALE overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ALE income statement (TTM)
RevenueUS$1.57b
Cost of RevenueUS$1.07b
Gross ProfitUS$494.90m
Other ExpensesUS$314.70m
EarningsUS$180.20m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)3.12
Gross Margin31.57%
Net Profit Margin11.49%
Debt/Equity Ratio52.6%

How did ALE perform over the long term?

See historical performance and comparison

Dividends

4.4%

Current Dividend Yield

89%

Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 05:24
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

ALLETE, Inc. is covered by 17 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
David ParkerBaird
Julien Dumoulin-SmithBofA Global Research
Stewart GlickmanCFRA Equity Research