Allete (ALE) Stock Price, News & Analysis

Company Overview

Allete, Inc. (NYSE: ALE) is a diversified energy company headquartered in Duluth, Minnesota. Founded as Minnesota Power in 1906 and reorganized under the holding company structure in 1979, Allete has grown to serve both regulated utility customers and non-regulated markets. The company’s historical roots in providing reliable electricity to residential, commercial and industrial customers in the Upper Midwest have expanded over time to include renewable energy development and energy marketing operations.

Through its principal subsidiary, Minnesota Power, Allete delivers regulated electric service to customers in northeastern Minnesota, operating fuel-diverse generation facilities that include coal, natural gas, hydroelectric and biomass plants. The company also provides water and wastewater services through its Superior Water, Light & Power subsidiary in Wisconsin and Michigan’s Upper Peninsula. These regulated operations are underpinned by ongoing investments in grid modernization and demand-side management programs designed to enhance reliability and environmental performance.

Allete Clean Energy, a non-regulated subsidiary established in 2008, develops, owns and operates wind energy projects across the United States. Its diversified portfolio spans onshore wind farms in multiple states, supporting corporate and municipal customers under long-term offtake agreements. Additionally, BNI Energy, another non-regulated subsidiary, supplies coal and related services to industrial power producers and manufacturing operations, leveraging more than a century of expertise in fuel handling and logistics.

Guided by President and Chief Executive Officer Al Hodnik and an experienced leadership team, Allete is focused on balancing growth in renewable energy with the reliability of its regulated utility business. The company’s strategic priorities include advancing clean energy initiatives, enhancing customer engagement through digital platforms and maintaining a strong commitment to environmental stewardship. With a century-long legacy in the Upper Midwest, Allete continues to evolve its operations to meet emerging energy demands and sustainability goals nationwide.

Key Stats

• Today's Range: $64.70 to $64.90
• 50-Day Range: $63.46 to $65.75
• 52-Week Range: $61.55 to $66.40
• Volume: 323,946 shs
• Average Volume: 335,977 shs
• Market Capitalization: $3.77 billion
• P/E Ratio: 20.41
• Dividend Yield: 4.49%
• Price Target: N/A
• Consensus Rating: Strong Buy

Allete Stock Analysis - MarketRank™

Allete scored higher than 64% of companies evaluated by MarketBeat, and ranked 187th out of 294 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: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Allete is 20.41, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 25.58.

Price to Earnings Ratio vs. Sector

The P/E ratio of Allete is 20.41, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 20.45.

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: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.18% 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 3.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Allete has recently increased by 21.15%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Leadership

Allete is a leading dividend payer. It pays a dividend yield of 4.51%, 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

2.18% 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 3.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Allete has recently increased by 21.15%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: 0.84

News Sentiment

Allete has a news sentiment score of 0.84. 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 0.63 average news sentiment score of Utilities companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Allete this week, compared to 5 articles on an average week.

Search Interest

1 people have searched for ALE on MarketBeat in the last 30 days.

MarketBeat Follows

Only 1 people have added Allete to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% 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 at the start of the year. Since then, ALE shares have increased by 0.5% and is now trading at $65.0950.

How were Allete's earnings last quarter?

Allete, Inc. (NYSE:ALE) posted its earnings results on Thursday, May, 8th. The utilities provider reported $1.01 EPS for the quarter, hitting the consensus estimate of $1.01. Allete's revenue for the quarter was down .8% compared to the same quarter last year.

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

• Last Earnings: 5/08/2025
• Record date for 6/1 Dividend: 5/15/2025
• Ex-Dividend for 6/1 Dividend: 5/15/2025
• Dividend Payable: 6/01/2025
• Today: 7/04/2025
• Next Earnings (Estimated): 7/30/2025
• 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
• Web: www.allete.com
• Phone: (218) 279-5000
• Fax: 218-723-3944
• Employees: 1,616
• Year Founded: 2015

Profitability

• EPS (Trailing Twelve Months): $3.19
• Trailing P/E Ratio: 20.41
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $179.30 million
• Net Margins: 12.10%
• Pretax Margin: 8.36%
• Return on Equity: 6.05%
• Return on Assets: 3.04%

Debt

• Debt-to-Equity Ratio: 0.54
• Current Ratio: 1.26
• Quick Ratio: 0.81

Sales & Book Value

• Annual Sales: $1.53 billion
• Price / Sales: 2.47
• Cash Flow: $7.86 per share
• Price / Cash Flow: 8.28
• Book Value: $58.63 per share
• Price / Book: 1.11

Miscellaneous

• Outstanding Shares: 57,982,000
• Free Float: 57,831,000
• Market Cap: $3.77 billion
• Optionable: Optionable
• Beta: 0.79