Allete (ALE) to Release Earnings on Thursday

Key Points

• Allete is set to announce its Q2 2025 earnings on August 7th, with analysts predicting earnings of $0.85 per share.
• The company reported Q1 earnings of $1.01 EPS, matching analyst estimates, but revenue fell short at $400.20 million against expectations of $456.30 million.
• Allete will distribute a quarterly dividend of $0.73 per share on September 1st, representing an annual yield of 4.45%.

Allete (NYSE:ALE - Get Free Report) is expected to announce its Q2 2025 earnings results before the market opens on Thursday, August 7th. Analysts expect the company to announce earnings of $0.85 per share for the quarter.

Allete (NYSE:ALE - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The utilities provider reported $1.01 EPS for the quarter, meeting analysts' consensus estimates of $1.01. The firm had revenue of $400.20 million during the quarter, compared to analysts' expectations of $456.30 million. Allete had a net margin of 12.10% and a return on equity of 6.05%. The company's revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter last year, the company posted $0.90 earnings per share.

Allete Stock Performance

ALE stock traded up $0.23 during trading hours on Monday, reaching $66.11. The stock had a trading volume of 257,416 shares, compared to its average volume of 409,126. The stock has a 50-day simple moving average of $65.11 and a 200 day simple moving average of $65.28. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.26 and a quick ratio of 0.81. The stock has a market capitalization of $3.83 billion, a PE ratio of 20.72 and a beta of 0.77. Allete has a fifty-two week low of $63.00 and a fifty-two week high of $66.46.

Allete Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 1st. Stockholders of record on Friday, August 15th will be given a $0.73 dividend. The ex-dividend date is Friday, August 15th. This represents a $2.92 annualized dividend and a dividend yield of 4.4%. Allete's payout ratio is presently 91.54%.

Institutional Investors Weigh In On Allete

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Empowered Funds LLC grew its holdings in shares of Allete by 9.8% during the 1st quarter. Empowered Funds LLC now owns 6,233 shares of the utilities provider's stock valued at $410,000 after purchasing an additional 558 shares during the last quarter. United Services Automobile Association bought a new position in shares of Allete during the first quarter valued at $239,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Allete by 32.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 133,324 shares of the utilities provider's stock valued at $8,759,000 after acquiring an additional 32,374 shares during the last quarter. Finally, Jane Street Group LLC raised its stake in shares of Allete by 1,855.4% during the first quarter. Jane Street Group LLC now owns 103,031 shares of the utilities provider's stock valued at $6,769,000 after acquiring an additional 97,762 shares during the last quarter. 76.55% of the stock is owned by institutional investors.

About Allete

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. In addition, the company provides regulated utility electric services in northwestern Wisconsin to approximately 15,000 electric customers, 13,000 natural gas customers, and 10,000 water customers, as well as regulated utility electric services in northeastern Minnesota to approximately 150,000 retail customers and 14 non-affiliated municipal customers.