Allete (ALE) Stock Price, News & Analysis

Company Overview

Allete, Inc. (NYSE: ALE) is a diversified energy company headquartered in Duluth, Minnesota, whose core operations span regulated electric utility services, renewable energy development and complementary energy-related businesses. Through its principal subsidiary, Minnesota Power, the company delivers electricity to residential, commercial and industrial customers across northeastern Minnesota, leveraging a mix of hydroelectric, coal-fired and natural gas–fired generation assets.

In addition to its utility operations, Allete has expanded into renewable energy through ALLETE Clean Energy, a division focused on the development, ownership and operation of wind and solar projects in the United States. These efforts support broader industry trends toward decarbonization and provide long-term contracted revenue streams. The company’s renewable portfolio includes both utility-scale wind farms and distributed solar installations.

Allete also operates BNI Energy, which owns and manages lignite mining operations in North Dakota, supplying fuel to power plants under long-term contracts. Complementing its energy production businesses, the company provides water treatment equipment and services through its U.S. Water subsidiary, addressing industrial and municipal water filtration and purification needs.

Founded in 1906 as Minnesota Power & Light, Allete has evolved into a multi-faceted energy holding company serving customers primarily in the Upper Midwest. Under the leadership of Chairman, President and Chief Executive Officer Al Hodnik, the company continues to pursue opportunities in clean energy expansion while maintaining reliable service in its regulated utility footprint.

Key Stats

• Today's Range: $67.90 to $67.90
• 50-Day Range: $67.33 to $67.93
• 52-Week Range: $62.38 to $67.99
• Volume: N/A
• Average Volume: 621,570 shs
• Market Capitalization: $3.94 billion
• P/E Ratio: 23.82
• Dividend Yield: 4.30%
• Price Target: N/A
• Consensus Rating: Buy

Allete Stock Analysis - MarketRank™

Allete scored higher than 22% of companies evaluated by MarketBeat, and ranked 94th out of 98 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: 1.5 / 5
• Analyst Rating: Buy

Consensus Rating

Allete has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on no strong buy ratings, 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Allete has received no research coverage in the past 90 days.

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 23.82, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 38.74.

Price to Earnings Ratio vs. Sector

The P/E ratio of Allete is 23.82, which means that it is trading at a more expensive P/E ratio than the Utilities sector average P/E ratio of about 23.69.

Price to Book Value per Share Ratio

Allete has a P/B Ratio of 1.16. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for ALE.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Leadership

Allete is a leading dividend payer. It pays a dividend yield of 4.30%, 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 102.46%. Payout ratios above 75% are not desirable because they may not be sustainable.

News and Social Media

• Score: 0.6 / 5
• News Sentiment: N/A

Search Interest

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

Company Ownership

• Score: 0.7 / 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

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.

Company Calendar

• Last Earnings: 10/30/2025
• Today: 10/19/2026
• Fiscal Year End: 12/31/2026

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Utilities
• Industry: Electric Utilities
• 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): $2.85
• Trailing P/E Ratio: 23.82
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $179.30 million
• Net Margins: 11.04%
• Pretax Margin: 6.12%
• Return on Equity: 5.08%
• Return on Assets: 2.47%

Debt

• Debt-to-Equity Ratio: 0.63
• Current Ratio: 1.17
• Quick Ratio: 0.73

Sales & Book Value

• Annual Sales: $1.53 billion
• Price / Sales: 2.58
• Cash Flow: $7.82 per share
• Price / Cash Flow: 8.68
• Book Value: $58.63 per share
• Price / Book: 1.16

Miscellaneous

• Outstanding Shares: 58,100,000
• Free Float: 57,947,000
• Market Cap: $3.94 billion
• Optionable: Optionable
• Beta: 0.83