NYSE - Delayed Quote USD

ALLETE, Inc. (ALE)

59.96 +0.25 (+0.42%)
At close: April 22 at 4:00 PM EDT
Loading Chart for ALE
DELL
  • Previous Close 59.71
  • Open 59.57
  • Bid --
  • Ask --
  • Day's Range 59.25 - 60.21
  • 52 Week Range 49.29 - 63.85
  • Volume 167,571
  • Avg. Volume 288,790
  • Market Cap (intraday) 3.458B
  • Beta (5Y Monthly) 0.75
  • PE Ratio (TTM) 13.94
  • EPS (TTM) 4.30
  • Earnings Date May 9, 2024
  • Forward Dividend & Yield 2.82 (4.70%)
  • Ex-Dividend Date Feb 14, 2024
  • 1y Target Est 60.77

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.

www.allete.com

1,513

Full Time Employees

December 31

Fiscal Year Ends

Utilities

Sector

Recent News: ALE

Performance Overview: ALE

Trailing total returns as of 4/22/2024, which may include dividends or other distributions. Benchmark is

.

YTD Return

ALE
0.74%
S&P 500
5.05%

1-Year Return

ALE
1.40%
S&P 500
21.22%

3-Year Return

ALE
3.79%
S&P 500
20.06%

5-Year Return

ALE
7.72%
S&P 500
72.48%

Compare To: ALE

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Statistics: ALE

Valuation Measures

Annual
As of 4/22/2024
  • Market Cap

    3.46B

  • Enterprise Value

    5.18B

  • Trailing P/E

    13.94

  • Forward P/E

    14.35

  • PEG Ratio (5yr expected)

    2.28

  • Price/Sales (ttm)

    1.83

  • Price/Book (mrq)

    1.23

  • Enterprise Value/Revenue

    2.75

  • Enterprise Value/EBITDA

    9.47

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    13.14%

  • Return on Assets (ttm)

    1.76%

  • Return on Equity (ttm)

    5.30%

  • Revenue (ttm)

    1.88B

  • Net Income Avi to Common (ttm)

    247.1M

  • Diluted EPS (ttm)

    4.30

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    71.9M

  • Total Debt/Equity (mrq)

    52.58%

  • Levered Free Cash Flow (ttm)

    176.12M

Research Analysis: ALE

Analyst Price Targets

57.00 Low
60.77 Average
59.96 Current
67.86 High
 

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell
 

Earnings

Consensus EPS
 

Company Insights: ALE

Fair Value

59.96 Current
 

Dividend Score

0 Low
ALE
Sector Avg.
100 High
 

Hiring Score

0 Low
ALE
Sector Avg.
100 High
 

Insider Sentiment Score

0 Low
ALE
Sector Avg.
100 High
 

Research Reports: ALE

  • ALE: Lowering target price to $60.00

    ALLETE INC has an Investment Rating of HOLD; a target price of $60.000000; an Industry Subrating of Low; a Management Subrating of Medium; a Safety Subrating of Medium; a Financial Strength Subrating of Medium; a Growth Subrating of Medium; and a Value Subrating of High.

    Rating
    Price Target
     
  • ALE: Raising target price to $64.00

    ALLETE INC has an Investment Rating of HOLD; a target price of $64.000000; an Industry Subrating of Low; a Management Subrating of Medium; a Safety Subrating of Medium; a Financial Strength Subrating of Medium; a Growth Subrating of Medium; and a Value Subrating of High.

    Rating
    Price Target
     
  • ALE: Raising target price to $63.00

    ALLETE INC has an Investment Rating of HOLD; a target price of $63.000000; an Industry Subrating of Low; a Management Subrating of Medium; a Safety Subrating of Medium; a Financial Strength Subrating of Medium; a Growth Subrating of Medium; and a Value Subrating of High.

    Rating
    Price Target
     
  • ALE: Lowering target price to $60.00

    ALLETE INC has an Investment Rating of HOLD; a target price of $60.000000; an Industry Subrating of Low; a Management Subrating of Medium; a Safety Subrating of Medium; a Financial Strength Subrating of Medium; a Growth Subrating of Medium; and a Value Subrating of High.

    Rating
    Price Target
     

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