ALLETE, Inc.

NYSE:ALE Stock Report

Market Cap: US$3.7b

ALLETE Future Growth

Future criteria checks 1/6

ALLETE is forecast to grow earnings and revenue by 14.7% and 5.8% per annum respectively. EPS is expected to grow by 10.3% per annum. Return on equity is forecast to be 8.1% in 3 years.

Key information

14.7%

Earnings growth rate

10.3%

EPS growth rate

Electric Utilities earnings growth9.4%
Revenue growth rate5.8%
Future return on equity8.1%
Analyst coverage

Low

Last updated20 Dec 2024

Recent future growth 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)

Earnings and Revenue Growth Forecasts

NYSE:ALE - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20261,837265N/A5143
12/31/20251,742236N/A4973
12/31/20241,565213N/A4742
9/30/20241,568180115433N/A
6/30/20241,539221146430N/A
3/31/20241,718240291553N/A
12/31/20231,880247314585N/A
9/30/20231,903247409660N/A
6/30/20231,912195310561N/A
3/31/20231,75218186319N/A
12/31/20221,5711891221N/A
9/30/20221,544200-113136N/A
6/30/20221,501193-126150N/A
3/31/20221,464184-233170N/A
12/31/20211,419169-216264N/A
9/30/20211,341154-294267N/A
6/30/20211,289168-329262N/A
3/31/20211,197160-398300N/A
12/31/20201,169165-425300N/A
9/30/20201,153177-404312N/A
6/30/20201,148167-486295N/A
3/31/20201,195181-406256N/A
12/31/20191,241186-350247N/A
9/30/20191,384197-221311N/A
6/30/20191,444197-81334N/A
3/31/20191,49819477391N/A
12/31/20181,499174119431N/A
9/30/20181,388154115394N/A
6/30/20181,403169N/A413N/A
3/31/20181,412174N/A426N/A
12/31/20171,419172N/A403N/A
9/30/20171,423175N/A401N/A
6/30/20171,410171N/A370N/A
3/31/20171,372158N/A338N/A
12/31/20161,340155N/A335N/A
9/30/20161,379129N/A323N/A
6/30/20161,492149N/A304N/A
3/31/20161,500147N/A362N/A
12/31/20151,486141N/A340N/A
9/30/20151,397156N/A312N/A
6/30/20151,223137N/A326N/A
3/31/20151,160131N/A267N/A
12/31/20141,137125N/A270N/A
9/30/20141,114125N/A263N/A
6/30/20141,076109N/A254N/A
3/31/20141,051106N/A256N/A
12/31/20131,018105N/A239N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: ALE's forecast earnings growth (14.7% per year) is above the savings rate (2.6%).

Earnings vs Market: ALE's earnings (14.7% per year) are forecast to grow slower than the US market (15.2% per year).

High Growth Earnings: ALE's earnings are forecast to grow, but not significantly.

Revenue vs Market: ALE's revenue (5.8% per year) is forecast to grow slower than the US market (9.1% per year).

High Growth Revenue: ALE's revenue (5.8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: ALE's Return on Equity is forecast to be low in 3 years time (8.1%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 01:51
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

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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