ALLETE, Inc. (ALE)
- 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.com1,513
Full Time Employees
December 31
Fiscal Year Ends
Sector
Industry
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
1-Year Return
3-Year Return
5-Year Return
Compare To: ALE
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Statistics: ALE
Valuation Measures
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
Company Insights: ALE
Fair Value
Dividend Score
Hiring Score
Insider Sentiment Score
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.
RatingPrice TargetALE: 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.
RatingPrice TargetALE: 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.
RatingPrice TargetALE: 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.
RatingPrice Target