ALLETE (ALE) to Release Earnings on Thursday

ALLETE (NYSE:ALE - Get Free Report) is anticipated to announce its Q1 2025 earnings results before the market opens on Thursday, May 8th. Analysts expect the company to announce earnings of $1.01 per share for the quarter.

ALLETE (NYSE:ALE - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The utilities provider reported $0.87 earnings per share for the quarter, missing analysts' consensus estimates of $1.02 by ($0.15). ALLETE had a return on equity of 5.97% and a net margin of 11.72%.

ALLETE Trading Up 0.0 %

Shares of ALE traded up $0.00 during midday trading on Tuesday, reaching $65.49. The company had a trading volume of 234,731 shares, compared to its average volume of 362,668. The firm has a 50 day simple moving average of $65.25 and a 200-day simple moving average of $65.07. The company has a quick ratio of 0.69, a current ratio of 1.08 and a debt-to-equity ratio of 0.50. The stock has a market cap of $3.80 billion, a PE ratio of 21.13 and a beta of 0.82. ALLETE has a 1-year low of $61.51 and a 1-year high of $65.99.

ALLETE Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Thursday, May 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 4.46%. The ex-dividend date is Thursday, May 15th. ALLETE's dividend payout ratio (DPR) is presently 94.19%.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of ALLETE in a report on Friday, January 10th. They set a "hold" rating for the company.

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.