Calendar
event
Ex dividend date
14 Feb 2025
event_available
Last Dividend Payment
01 Mar 2025
About Allete Inc
Ticker
info
ALE
Trading on
info
NYSE
ISIN
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US0185223007
Industry
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Utilities - Diversified
Sector
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Utilities
CEO
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Bethany M. Owen
Headquarters
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30 West Superior Street, Duluth, MN, United States, 55802-2093
Employees
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1,564
Website
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allete.com
ALLETE, Inc. operates as an energy company. The company operates in two segments, Regulated Operations and ALLETE Clean Energy. It generates electricity from coal-fired, biomass co-fired/natural gas, hydro, wind, and solar. The company also provides regulated utility electric services in northeastern Minnesota to approximately 150,000 retail customers and 14 non-affiliated municipal customers in Minnesota; and regulated utility electric, natural gas, and water services in northwestern Wisconsin to approximately 15,000 electric customers, 13,000 natural gas customers, and 10,000 water customers. In addition, it owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illinois. Further, the company focuses on acquiring, developing, and operating clean and renewable energy projects; and owns, develops, and operates approximately 1,600 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 154 substations with a total capacity of 10,647 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.
Metrics
BasicAdvanced
Market cap
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$3.79B
P/E ratio
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21.11
EPS
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$3.10
Dividend Yield
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4.46%
Beta
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0.73
Forward P/E ratio
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18.35
EBIDTA
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$447M
Ex dividend date
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2025-02-14
Price & volume
Market cap
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$3.79B
Average daily volume
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0.3M
90-day return
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-
30-day return
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-
7-day return
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-
Dividends
Dividend per share
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$2.85
Dividend yield
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4.46%
Forward dividend per share
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$2.92
Forward dividend yield
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4.46%
Payout ratio
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91.77%
Valuation
P/E ratio
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21.11
Forward P/E
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18.35
PEG ratio
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2.82
Trailing P/E
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21.11
Price to sales
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2.48
Price to book
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1.34
Earnings
EPS
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$3.10
EPS estimate (current quarter)
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$1.08
EPS estimate (next quarter)
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$0.99
EBITDA
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$447M
Revenues (TTM)
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$1.53B
Revenues per share (TTM)
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$26.51
Technicals
Beta
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0.73
52-week High
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$65.85
52-week Low
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$54.20
50-day moving average
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$65.56
200-day moving average
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$64.39
Short ratio
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2.46
Short %
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1.91%
Management effectiveness
ROE (TTM)
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3.58%
ROA (TTM)
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1.62%
Profit margin
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11.72%
Gross profit margin
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$497M
Operating margin
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9.70%
Growth
Quarterly earnings growth (YoY)
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2.20%
Quarterly revenue growth (YoY)
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9.40%
Share stats
Outstanding Shares
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57.9M
Float
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57.7M
Insiders %
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0.30%
Institutions %
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74.09%
Analyst Insights & forecasts
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25% Buy

75% Hold

0% Sell

Based on information from 4 analysts.

Average price target

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$65.75
Earnings per share (EPS) forecast
windowbar_chart_4_bars
Actual
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Expected
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Surprise
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$0.88
$1.02
13.73%
Q1 • 24Beat
$0.57
$0.88
35.23%
Q2 • 24Beat
$0.78
$0.93
16.13%
Q3 • 24Beat
$0.87
$1.08
19.25%
Q4 • 24Beat
-
$0.99
-
Q1 • 25Current
QuarterlyAnnual
Financial Performance
windowbar_chart_4_bars
Income StatementBalance SheetCash Flow
windowbar_chart_4_bars
Revenue
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Net income
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Profit margin
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$407M
$45M
11.05%
Q3 • 24
$365M
$50.6M
13.87%
Q4 • 24
10.41%
12.44%
25.51%
QoQ growth
QuarterlyAnnual
Totals assets
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Total liabilities
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Debt to assets
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$6.74B
$3.34B
49.64%
Q3 • 24
$6.75B
$3.36B
49.81%
Q4 • 24
0.25%
0.59%
0.33%
QoQ growth
QuarterlyAnnual
Operating
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Investing
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Financing
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Free cash flow
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$191M
$-83.1M
$-40.4M
$94.5M
Q3 • 24
$89.8M
$-121M
$-24.8M
$-34.8M
Q4 • 24
52.94%
45.37%
38.61%
136.83%
QoQ growth
QuarterlyAnnual

Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Past performance is no guarantee of future results. Your return may be affected by currency fluctuations and applicable fees and charges. The value of your investment may go up as well as down. When investing, your capital at risk.

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FAQs

How much is a Allete Inc share?
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Allete Inc shares are currently traded for undefined per share.

How many shares does Allete Inc have?
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Allete Inc currently has 57.9M shares.

Does Allete Inc pay dividends?
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Yes, Allete Inc does pay dividends.

What is Allete Inc 52 week high?
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Allete Inc 52 week high is $65.85.

What is Allete Inc 52 week low?
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Allete Inc 52 week low is $54.20.

What is the 200-day moving average of Allete Inc?
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Allete Inc 200-day moving average is $64.39.

Who is Allete Inc CEO?
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The CEO of Allete Inc is Bethany M. Owen.

How many employees Allete Inc has?
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Allete Inc has 1,564 employees.

What is the market cap of Allete Inc?
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The market cap of Allete Inc is $3.79B.

What is the P/E of Allete Inc?
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The current P/E of Allete Inc is 21.11.

What is the EPS of Allete Inc?
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The EPS of Allete Inc is $3.10.

What is the PEG Ratio of Allete Inc?
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The PEG Ratio of Allete Inc is 2.82.

What do analysts say about Allete Inc?
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According to the analysts Allete Inc is considered a hold.