ALLETE, Inc. (ALE)
$
65.04
+0.11 (0.17%)
Key metrics
Financial statements
Free cash flow per share
1.0104
Market cap
3.8 Billion
Price to sales ratio
2.4679
Debt to equity
0.6724
Current ratio
1.2556
Income quality
4.7985
Average inventory
162.8 Million
ROE
0.0650
Technology
Technology – consumer electronics
Largecap
With a market cap of 121,78 bil stock is ranked 1
Low risk
ISS score of this stock is ranked 1
Company description
Profile
ALLETE, Inc. operates as an energy company, showcasing substantial profitability with a net income ratio of 0.12 reflecting the company's profitability margin. The organization reported an income before tax of $126,400,000.00 which highlights its pre-tax profitability, with an income before tax ratio of 0.08 indicating its pre-tax margin. To manage its operational overhead costs, the company disclosed selling, general, and administrative expenses amounting to $0.00. Furthermore, the weighted average number of diluted shares outstanding is 57,800,000.00 underscoring potential dilution effects. Through its Regulated Operations, ALLETE Clean Energy, and Corporate and Other segments, the company generates power using various sources, including coal-fired, biomass co-fired/natural gas, hydroelectric, wind, and solar energy. It serves a variety of customers across Wisconsin and Minnesota while also maintaining extensive electric transmission assets in multiple states, thereby reinforcing its position within the energy sector. The stock is reasonably priced at $64.93 appealing to a broad range of investors, though it shows a low average trading volume of 351,714.00 indicating lower market activity. With a mid-range market capitalization of $3,771,168,792.00 the company demonstrates consistency as a steady performer. It stands as a key player in the Diversified Utilities industry, significantly contributing to the overall market landscape. Belonging to the Utilities sector, ALLETE, Inc. is committed to driving innovation and growth, further enhancing its reputation and potential within the energy market. The company continues to focus on developing and operating clean energy projects while maintaining a strong presence in traditional energy sectors, such as coal mining and real estate investments.
Is ALLETE, Inc. (ALE) a good investment?
Investing in ALLETE, Inc. (ALE) depends on multiple factors, including revenue growth, profit margins, debt-to-equity ratio, earnings per share, and return on equity. Analysts have rated it as B-, with a Bearish outlook. Always conduct your own research before investing.
What is ALLETE, Inc. (ALE)'s stock forecast?
Analysts predict ALLETE, Inc. stock to fluctuate between $61.51 (low) and $65.99 (high) in the next 365 days, reflecting market expectations and potential volatility.
What is ALLETE, Inc.'s market capitalization?
As of 2025-05-30, ALLETE, Inc.'s market cap is $3,771,168,792, based on 57,982,300 outstanding shares.
How does ALLETE, Inc. compare to competitors like Nextra Energy, Inc.?
Compared to Nextra Energy, Inc., ALLETE, Inc. has a Lower Market-Cap, indicating a difference in performance.
Does ALLETE, Inc. pay dividends?
ALLETE, Inc. pays dividends. The current dividend yield is 4.41%, with a payout of $0.73 per share.
How can I buy ALLETE, Inc. (ALE) stock?
To buy ALLETE, Inc. (ALE) stock: Open a brokerage account (e.g., Robinhood, TD Ameritrade, E-Trade). Search for ALE. Place an order (Market, Limit, etc.).
What is the best time to invest in ALLETE, Inc.?
The best time to invest depends on market trends and technical indicators, which show a Bearish trend based on economic conditions and company performance.
Has ALLETE, Inc. stock ever split?
ALLETE, Inc.'s last stock split was 1:3 on 2004-09-21.
How did ALLETE, Inc. perform in the last earnings report?
Revenue: $1,529,800,000 | EPS: $3.11 | Growth: -27.84%.
Where can I find ALLETE, Inc.'s investor relations reports?
Visit https://www.allete.com/investor-relations for detailed financial reports.
Where can I find historical stock prices for ALLETE, Inc.?
You can explore historical data from here
What is the all-time high and low for ALLETE, Inc. stock?
All-time high: $73.10 (2021-08-06) | All-time low: $47.77 (2022-10-13).
What are the key trends affecting ALLETE, Inc. stock?
Key trends include market demand, economic conditions, interest rates, and industry competition, which influence the stock's performance.
News
businesswire.com
DULUTH, Minn.--(BUSINESS WIRE)--ALLETE, Inc. (NYSE: ALE) today reported first quarter 2025 earnings of 97 cents per share on net income of $56.1 million. Last year's first quarter results were 88 cents per share on net income of $50.7 million. Net income in 2025 includes transaction expenses of $2.1 million after-tax, or 4 cents per share, related to the announced merger. Net income in the first quarter of 2024 included transaction expenses of $1.2 million after-tax, or 2 cents per share. “Our.
businesswire.com
DULUTH, Minn.--(BUSINESS WIRE)--The ALLETE, Inc. (NYSE:ALE) board of directors has declared a quarterly dividend of 73 cents per share of common stock. On an annual basis, the dividend is equivalent to $2.92 per share, unchanged from the previous quarter. The regular quarterly dividend is payable June 1 to common stock shareholders of record at the close of business May 15, 2025. ALLETE, Inc. is an energy company headquartered in Duluth, Minnesota. In addition to its electric utilities, Minneso.
businesswire.com
DULUTH, Minn.--(BUSINESS WIRE)--ALLETE Inc. (NYSE:ALE) will announce its financial results for the first quarter before the stock markets open on Thursday, May 08, 2025. ALLETE, Inc. is an energy company headquartered in Duluth, Minnesota. In addition to its electric utilities, Minnesota Power and Superior Water, Light and Power of Wisconsin, ALLETE owns ALLETE Clean Energy, based in Duluth; BNI Energy in Bismarck, N.D.; and New Energy Equity, headquartered in Annapolis, Maryland; and has an 8%.
prnewswire.com
ANNAPOLIS, Md. , April 9, 2025 /PRNewswire/ -- New Energy Equity, a subsidiary of ALLETE, Inc. (NYSE: ALE), announced today that Josh Kunkel, current president of New Energy Equity, will be promoted to Chief Executive Officer as part of a planned transition effective June 1, 2025.
businesswire.com
DULUTH, Minn.--(BUSINESS WIRE)--ALLETE, Inc. (NYSE: ALE) announced today that ALLETE Vice President and Corporate Treasurer Jeff Scissons has been promoted to chief financial officer. He succeeds Steven W. Morris, who recently announced his plan to retire in July. Scissons joined the company in 2013 and was promoted to ALLETE vice president and corporate treasurer in 2024 after serving in key strategic roles throughout his tenure. Over a dozen years at ALLETE, he led various strategic initiativ.
businesswire.com
DULUTH, Minn.--(BUSINESS WIRE)--ALLETE, Inc. (NYSE: ALE) today reported 2024 earnings of $3.10 per share on net income of $179.3 million and operating revenue of $1.5 billion. Reported results from 2023 were $4.30 per share on net income of $247.1 million and operating revenue of $1.9 billion. Results for 2024 reflect approximately 39 cents per share of transaction expenses related to the merger agreement entered into May 5, 2024, with Canada Pension Plan Investment Board and Global Infrastruct.
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