Allete (ALE) Projected to Post Quarterly 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 anticipated to issue its Q2 2025 quarterly earnings data 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 issued its quarterly earnings results on Thursday, May 8th. The utilities provider reported $1.01 EPS for the quarter, hitting analysts' consensus estimates of $1.01. The company had revenue of $400.20 million for the quarter, compared to analyst estimates of $456.30 million. Allete had a net margin of 12.10% and a return on equity of 6.05%. Allete's revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.90 earnings per share.

Allete Trading Down 0.1%

Shares of Allete stock traded down $0.08 during midday trading on Friday, reaching $65.85. The company had a trading volume of 350,458 shares, compared to its average volume of 663,064. The firm has a market cap of $3.82 billion, a PE ratio of 20.64 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. 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 fifty day moving average price of $65.11 and a 200 day moving average price of $65.28.

Allete Announces Dividend

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC raised its holdings in Allete by 1,855.4% during the first quarter. Jane Street Group LLC now owns 103,031 shares of the utilities provider's stock worth $6,769,000 after buying an additional 97,762 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Allete by 32.1% during the 1st 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 purchasing an additional 32,374 shares during the last quarter. Empowered Funds LLC increased its holdings in Allete by 9.8% during the first quarter. Empowered Funds LLC now owns 6,233 shares of the utilities provider's stock worth $410,000 after buying an additional 558 shares during the last quarter. Finally, United Services Automobile Association purchased a new stake in shares of Allete during the 1st quarter worth approximately $239,000. 76.55% of the stock is owned by institutional investors and hedge funds.

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.