ALLETE (ALE) Stock Price, News & Analysis

Company Overview

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. Further, it owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illinois. Additionally, the company focuses on developing, acquiring, and operating clean and renewable energy projects; and owns and operates approximately 1,200 megawatts of wind energy generation facility, as well as involved in the coal mining operations in North Dakota; and real estate investment activities in Florida. It owns and operates 162 substations with a total capacity of 9,980 megavolt amperes. The company serves taconite mining, paper, pulp and secondary wood products, pipeline, and other industries. The company was formerly known as Minnesota Power, Inc. and changed its name to ALLETE, Inc. in May 2001. ALLETE, Inc. was incorporated in 1906 and is headquartered in Duluth, Minnesota.

Key Stats

• Today's Range: $64.77 to $65.12
• 50-Day Range: $64.35 to $65.75
• 52-Week Range: $61.51 to $65.99
• Volume: 307,061 shs
• Average Volume: 340,730 shs
• Market Capitalization: $3.76 billion
• P/E Ratio: 20.95
• Dividend Yield: 4.50%
• Price Target: N/A
• Consensus Rating: Strong Buy

ALLETE Stock Analysis - MarketRank™

ALLETE scored higher than 60% of companies evaluated by MarketBeat, and ranked 60th out of 91 stocks in the utilities sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for ALLETE.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of ALLETE is 20.95, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 24.32.

Price to Earnings Ratio vs. Sector

The P/E ratio of ALLETE is 20.95, which means that it is trading at a more expensive P/E ratio than the Utilities sector average P/E ratio of about 20.79.

Price to Book Value per Share Ratio

ALLETE has a P/B Ratio of 1.11. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.89% of the float of ALLETE has been sold short.

Short Interest Ratio / Days to Cover

ALLETE has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in ALLETE has recently decreased by 2.68%, indicating that investor sentiment is improving.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Leadership

ALLETE is a leading dividend payer. It pays a dividend yield of 4.50%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

ALLETE has been increasing its dividend for 15 years.

Dividend Coverage

The dividend payout ratio of ALLETE is 91.54%. Payout ratios above 75% are not desirable because they may not be sustainable.

Sustainability and ESG

• Score: 2.9 / 5
• Environmental Score: -1.71

Percentage of Shares Shorted

1.89% of the float of ALLETE has been sold short.

Short Interest Ratio / Days to Cover

ALLETE has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in ALLETE has recently decreased by 2.68%, indicating that investor sentiment is improving.

News and Social Media

• Score: 3.2 / 5
• News Sentiment: 1.72

News Sentiment

ALLETE has a news sentiment score of 1.72. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.73 average news sentiment score of Utilities companies.

News Coverage This Week

MarketBeat has tracked 13 news articles for ALLETE this week, compared to 5 articles on an average week.

MarketBeat Follows

Only 2 people have added ALLETE to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, ALLETE insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.26% of the stock of ALLETE is held by insiders.

Percentage Held by Institutions

76.55% of the stock of ALLETE is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

ALE Stock Analysis - Frequently Asked Questions

How have ALE shares performed this year?

ALLETE's stock was trading at $64.80 on January 1st, 2025. Since then, ALE shares have increased by 0.2% and is now trading at $64.93.
View the best growth stocks for 2025 here.

How were ALLETE's earnings last quarter?

ALLETE, Inc. (NYSE:ALE) announced its quarterly earnings data on Thursday, May, 8th. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.01. The business's revenue was down .8% on a year-over-year basis.

Who are ALLETE's major shareholders?

ALLETE's top institutional investors include Vanguard Group Inc. (10.95%), AQR Arbitrage LLC (2.04%), Charles Schwab Investment Management Inc. (1.34%) and Northern Trust Corp (1.29%).
View institutional ownership trends.

How do I buy shares of ALLETE?

Shares of ALE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of ALLETE own?

Based on aggregate information from My MarketBeat watchlists, some other companies that ALLETE investors own include Verizon Communications (VZ), AT&T (T), AbbVie (ABBV), Chevron (CVX), International Business Machines (IBM), 3M (MMM) and United Parcel Service (UPS).

Company Calendar

• Record date for 3/1 Dividend: 2/14/2025
• Ex-Dividend for 3/1 Dividend: 2/14/2025
• Dividend Payable: 3/01/2025
• Last Earnings: 5/08/2025
• Record date for 6/1 Dividend: 5/15/2025
• Ex-Dividend for 6/1 Dividend: 5/15/2025
• Today: 5/30/2025
• Dividend Payable: 6/01/2025
• Next Earnings (Estimated): 7/30/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Utilities
• Industry: Electric & other services combined
• Sub-Industry: Electric Utilities
• Current Symbol: NYSE:ALE
• CIK: 66756
• Web: www.allete.com
• Phone: (218) 279-5000
• Fax: 218-723-3944
• Employees: 1,490
• Year Founded: 2015

Profitability

• EPS (Most Recent Fiscal Year): $3.19
• Trailing P/E Ratio: 20.95
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $179.30 million
• Net Margins: 11.72%
• Pretax Margin: 8.26%
• Return on Equity: 5.97%
• Return on Assets: 3.03%

Debt

• Debt-to-Equity Ratio: 0.50
• Current Ratio: 1.08
• Quick Ratio: 0.69

Sales & Book Value

• Annual Sales: $1.53 billion
• Price / Sales: 2.47
• Cash Flow: $7.76 per share
• Price / Cash Flow: 8.37
• Book Value: $58.63 per share
• Price / Book: 1.11

Miscellaneous

• Outstanding Shares: 57,982,000
• Free Float: 57,764,000
• Market Cap: $3.76 billion
• Optionable: Optionable
• Beta: 0.82