ALLETE (ALE) Stock Overview

Operates as an energy company. More details

ALE fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	2/6
Past Performance	2/6
Financial Health	3/6
Dividends	4/6

Rewards

Earnings are forecast to grow 15.35% per year

Risk Analysis

Interest payments are not well covered by earnings

Dividend of 4.39% is not well covered by free cash flows

ALE Community Fair Values

Create Narrative

See what 6 others think this stock is worth. Follow their fair value or set your own to get alerts.

ALLETE, Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for ALLETE
Historical stock prices
Current Share Price	US$66.06
52 Week High	US$66.40
52 Week Low	US$63.00
Beta	0.77
1 Month Change	2.01%
3 Month Change	1.66%
1 Year Change	4.11%
3 Year Change	13.78%
5 Year Change	13.66%
Change since IPO	316.94%

Recent updates

Allete: Delay In Transaction Closing, 14% ROR Opportunity

Jun 21

Allete, Inc.: BlackRock's Backdoor Takeover

Jun 30

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

Apr 29

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

Apr 11

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

Feb 12

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

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

Jan 19

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

Dec 19

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) May Have Issues Allocating Its Capital

Oct 09

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

Sep 24

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

Sep 06

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

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

Jun 09

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

May 24

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

May 07

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

May 05

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

Mar 10

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

Feb 21

Allete: Dividend Play, Leading The Renewables Transition

Feb 15

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

Feb 06

ALLETE raises dividend by 4.28% to $0.6775

Feb 03

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

Dec 04

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

ALLETE declares $0.65 dividend

Oct 28

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

Oct 18

Shareholder Returns

	ALE	US Electric Utilities	US Market
7D	1.7%	0.3%	0.1%
1Y	4.1%	16.7%	11.4%

Return vs Industry: ALE underperformed the US Electric Utilities industry which returned 16.7% over the past year.

Return vs Market: ALE underperformed the US Market which returned 11.4% over the past year.

Price Volatility

Is ALE's price volatile compared to industry and market?
ALE volatility
ALE Average Weekly Movement	0.9%
Electric Utilities Industry Average Movement	2.7%
Market Average Movement	6.4%
10% most volatile stocks in US Market	17.0%
10% least volatile stocks in US Market	3.2%

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

Founded	Employees	CEO	Website
1906	1,617	Bethany Owen	www.allete.com

ALLETE, Inc. operates as an energy company. The company operates in two segments, Regulated Operations and ALLETE Clean Energy. It generates electricity from coal-fired, biomass co-fired/natural gas, hydro, wind, and solar.

ALLETE, Inc. Fundamentals Summary

How do ALLETE's earnings and revenue compare to its market cap?
ALE fundamental statistics
Market cap	US$3.83b
Earnings (TTM)	US$184.70m
Revenue (TTM)	US$1.53b

20.7x

P/E Ratio

2.5x

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)
Revenue	US$1.53b
Cost of Revenue	US$1.02b
Gross Profit	US$506.30m
Other Expenses	US$321.60m
Earnings	US$184.70m

Last Reported Earnings

Mar 31, 2025

Next Earnings Date

Aug 07, 2025

Earnings per share (EPS)	3.19
Gross Margin	33.16%
Net Profit Margin	12.10%
Debt/Equity Ratio	56.9%

How did ALE perform over the long term?

See historical performance and comparison

Dividends

4.4%

Current Dividend Yield

90%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/07/14 19:27
End of Day Share Price	2025/07/11 00:00
Earnings	2025/03/31
Annual Earnings	2024/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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.

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 Github.

Analyst Sources

ALLETE, Inc. is covered by 15 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
David Parker	Baird
Julien Dumoulin-Smith	BofA Global Research
Stewart Glickman	CFRA Equity Research

ALLETE (ALE) Stock Overview

Rewards

Risk Analysis

ALLETE, Inc. Competitors

MGE Energy

Otter Tail

TXNM Energy

Portland General Electric

Price History & Performance

Recent News & Updates

ALLETE, Inc. to Report Q2, 2025 Results on Aug 07, 2025

Allete: Delay In Transaction Closing, 14% ROR Opportunity

First quarter 2025 earnings released: EPS: US$0.97 (vs US$0.88 in 1Q 2024)

Fourth quarter dividend of US$0.73 announced

ALLETE, Inc. Declares Quarterly Dividend, Payable on June 1, 2025

ALLETE, Inc. to Report Q1, 2025 Results on May 08, 2025

Recent updates

ALLETE, Inc. to Report Q2, 2025 Results on Aug 07, 2025

Allete: Delay In Transaction Closing, 14% ROR Opportunity

First quarter 2025 earnings released: EPS: US$0.97 (vs US$0.88 in 1Q 2024)

Fourth quarter dividend of US$0.73 announced

ALLETE, Inc. Declares Quarterly Dividend, Payable on June 1, 2025

ALLETE, Inc. to Report Q1, 2025 Results on May 08, 2025

ALLETE, Inc. Announces Executive Changes

ALLETE, Inc. Appoints Matt Hankey as Emerging Technologies Officer

Consensus revenue estimates decrease by 11%

ALLETE, Inc., Annual General Meeting, May 13, 2025

ALLETE, Inc. Announces Promotion of Jeff Scissons to Chief Financial Officer

New major risk - Dividend sustainability

Full year 2024 earnings: EPS and revenues miss analyst expectations

Third quarter dividend increased to US$0.73

ALLETE , Inc. Increases Quarterly Dividend, Payable on March 1, 2025

ALLETE, Inc. Announces Retirement of Steven W. Morris as Chief Financial Officer

Insufficient new directors

Second quarter dividend of US$0.70 announced

ALLETE, Inc. Declares Quarterly Dividend on Common Stock, Payable on December 1, 2024

Price target increased by 9.8% to US$71.33

ALLETE, Inc. to Report Q3, 2024 Results on Oct 30, 2024

ALLETE Applauds $700 Million Federal Grant for Montana and North Plains Connector Transmission Project

Second quarter 2024 earnings: EPS and revenues miss analyst expectations

First quarter dividend of US$0.70 announced

ALLETE, Inc. Declares Quarterly Dividend, Payable on September 1, 2024

ALLETE, Inc. to Report Q2, 2024 Results on Aug 01, 2024

Allete, Inc.: BlackRock's Backdoor Takeover

Price target increased by 7.8% to US$67.57

First quarter 2024 earnings: EPS and revenues miss analyst expectations

Canada Pension Plan Investment Board and Global Infrastructure Management, LLC entered into a definitive agreement to acquire ALLETE, Inc. (NYSE:ALE) for $3.9 billion.

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

Fourth quarter dividend of US$0.70 announced

ALLETE, Inc. Declares Quarterly Dividend on Common Stock, Payable on June 1, 2024

ALLETE, Inc. to Report Q1, 2024 Results on May 09, 2024

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

New minor risk - Earnings quality

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

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

Allete: I Continue To Be Bullish On This Quality Business

ALLETE, Inc. to Report Fiscal Year 2023 Results on Feb 20, 2024

Upcoming dividend of US$0.70 per share at 4.8% yield

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

Third quarter dividend increased to US$0.70

Allete, Inc. Raises Quarterly Common Stock Dividend, Payable on March 1, 2024

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

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

Allete Reportedly Working with Bank to Explore Possible Sale

Allete: An Undervalued Company With Excellent Opportunity

Consensus revenue estimates increase by 11%

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

Upcoming dividend of US$0.68 per share at 4.8% yield

New minor risk - Earnings quality

Third quarter 2023 earnings released: EPS: US$1.50 (vs US$0.59 in 3Q 2022)

ALLETE, Inc. Declares Quarterly Dividend on Common Stock, Payable on December 1, 2023

U.S. Department of Energy Awards $50 Million to Minnesota Power to Increase Reliability and Resilience of Region’s Transmission Grid in Support of A Clean-Energy Future

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

ALLETE, Inc. to Report Q3, 2023 Results on Nov 02, 2023

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

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

Allete: A Potential Buy In Renewable Energy

Allete's Q2 Performance: Generating Energy And Enthusiasm

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Upcoming dividend of US$0.68 per share at 4.9% yield