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NYSE:ALE

Allete (ALE) Stock Price, News & Analysis

Allete logo
$67.31 -0.01 (-0.01%)
Closing price 10/17/2025 03:59 PM Eastern
Extended Trading
$67.31 0.00 (0.00%)
As of 10/17/2025 04:32 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.

About Allete Stock (NYSE:ALE)

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Key Stats

Today's Range
$67.25
$67.45
50-Day Range
$62.45
$67.37
52-Week Range
$62.38
$67.49
Volume
430,107 shs
Average Volume
844,302 shs
Market Capitalization
$3.91 billion
P/E Ratio
21.23
Dividend Yield
4.34%
Price Target
N/A
Consensus Rating
Hold

Company Overview

Allete Stock Analysis - MarketRank™

See Top-Rated MarketRank™ Stocks
72nd Percentile Overall Score

ALE MarketRank™: 

Allete scored higher than 72% of companies evaluated by MarketBeat, and ranked 51st out of 95 stocks in the utilities sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Allete is 21.23, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 219.44.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Allete is 21.23, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 58.16.

  • Price to Book Value per Share Ratio

    Allete has a P/B Ratio of 1.15. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Allete's valuation and earnings.
  • Percentage of Shares Shorted

    1.31% of the outstanding shares of Allete have been sold short.
  • Short Interest Ratio / Days to Cover

    Allete has a short interest ratio ("days to cover") of 1.1, 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 12.20%, indicating that investor sentiment is improving significantly.
  • Dividend Leadership

    Allete is a leading dividend payer. It pays a dividend yield of 4.34%, 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 92.11%. Payout ratios above 75% are not desirable because they may not be sustainable.

  • Read more about Allete's dividend.
  • Percentage of Shares Shorted

    1.31% of the outstanding shares of Allete have been sold short.
  • Short Interest Ratio / Days to Cover

    Allete has a short interest ratio ("days to cover") of 1.1, 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 12.20%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Allete has a news sentiment score of 1.18. 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 0.66 average news sentiment score of Utilities companies.
  • News Coverage This Week

    MarketBeat has tracked 7 news articles for Allete this week, compared to 6 articles on an average week.
  • Search Interest

    Only 4 people have searched for ALE on MarketBeat in the last 30 days. This is a decrease of -43% compared to the previous 30 days.
  • MarketBeat Follows

    3 people have added Allete to their MarketBeat watchlist in the last 30 days.
  • 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.

  • Read more about Allete's insider trading history.
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ALE Stock News Headlines

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This Dividend Opportunity Is Disappearing Soon: Allete
See More Headlines

ALE Stock Analysis - Frequently Asked Questions

Allete's stock was trading at $64.80 at the beginning of 2025. Since then, ALE stock has increased by 3.9% and is now trading at $67.3050.

Allete, Inc. (NYSE:ALE) issued its quarterly earnings data on Thursday, August, 7th. The utilities provider reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by $0.24. The firm's revenue was up 1.6% on a year-over-year basis.

Top institutional investors of Allete include Harbor Capital Advisors Inc. (0.07%), Pacer Advisors Inc. (0.05%), Yousif Capital Management LLC (0.03%) and CWM LLC (0.02%).
View institutional ownership trends
.

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.

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

Last Earnings
8/07/2025
Record date for 9/1 Dividend
8/15/2025
Ex-Dividend for 9/1 Dividend
8/15/2025
Dividend Payable
9/01/2025
Today
10/19/2025
Next Earnings (Estimated)
10/29/2025
Fiscal Year End
12/31/2025

Industry, Sector and Symbol

Stock Exchange
NYSE
Sector
Utilities
Industry
UTIL - ELEC PWR
Sub-Industry
Electric Utilities
Current Symbol
NYSE:ALE
CIK
66756
Employees
1,616
Year Founded
2015

Profitability

EPS (Trailing Twelve Months)
$3.17
Trailing P/E Ratio
21.23
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
$179.30 million
Net Margins
11.98%
Pretax Margin
7.34%
Return on Equity
5.71%
Return on Assets
2.83%

Debt

Debt-to-Equity Ratio
0.57
Current Ratio
1.34
Quick Ratio
0.81

Sales & Book Value

Annual Sales
$1.53 billion
Price / Sales
2.55
Cash Flow
$7.83 per share
Price / Cash Flow
8.60
Book Value
$58.63 per share
Price / Book
1.15

Miscellaneous

Outstanding Shares
58,030,000
Free Float
57,884,000
Market Cap
$3.91 billion
Optionable
Optionable
Beta
0.83
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This page (NYSE:ALE) was last updated on 10/19/2025 by MarketBeat.com Staff
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