Allete Inc (ALE)

Currency in USD
65.88
-0.05(-0.08%)
Closed·
After Hours
65.880.00(0.00%)
·
ALE Scorecard
Full Analysis
Has raised its dividend for 14 consecutive years
High dividend Yield
Fair Value
Day's Range
65.7566.07
52 wk Range
63.0066.46
Key Statistics
Prev. Close
65.88
Open
66.02
Day's Range
65.75-66.07
52 wk Range
63-66.46
Volume
350.46K
Average Volume (3m)
468.17K
1-Year Change
1.9%
Book Value / Share
49.45
Fair Value
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Fair Value Upside
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ALE Scorecardpro icon
Company’s Health
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Fair Value
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Fair Price
Upside
Price Target
69.00
Upside
+4.74%
Members' Sentiments
Bearish
Bullish
ProTips
Stock generally trades with low price volatility

Allete Inc News & Analysis

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Technical Analysis

Summary
Strong Sell
Sell
Neutral
Buy
Strong Buy
Buy
Technical Indicators
Buy
Moving Averages
Buy

Allete Inc Company Profile

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.

Sector
Utilities
Employees
1617

Allete Inc Earnings Call Summary for Q4/2024

  • Q4 2024 earnings miss: EPS $0.87 vs $1.01 forecast, revenue $364.8M vs $413.54M expected; stock recovers 0.57% in aftermarket
  • GMV crossed $60B for full year, up 9.6%; revenue grew 6.7%, adjusted EBITDA rose 17.9% to ~$3B; strong position in Polish e-commerce
  • 2025 outlook: 9-11% GMV growth in Poland, 14-17% revenue growth; international marketplaces targeted for break-even by 2027-2028
  • CEO highlights strong cash generation in Poland; CFO aims for modest leverage; focus on logistics and international expansion
  • Challenges: competition from Temu, increased capex, international expansion risks, macroeconomic factors, and regulatory changes
Last Updated: 13/03/2025, 12:48
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Compare ALE to Peers and Sector

Metrics to compare
ALE
Peers
Sector
Relationship
P/E Ratio
20.7x21.8x12.2x
PEG Ratio
−0.893.350.02
Price/Book
1.3x2.2x1.3x
Price / LTM Sales
2.5x3.6x1.6x
Upside (Analyst Target)
1.7%4.3%12.9%
Fair Value Upside
Unlock−19.2%3.0%Unlock

Analyst Ratings

1 Buy
2 Hold
0 Sell
Ratings:
3 analysts
Overall Consensus
Buy

Analysts 12-Month Price Target:

Average 69.00
(+4.74% Upside)

Dividends

Payout Ratio
Payout ratio (TTM)
Earnings retained
EPS 3.20%
Dividend Yield
4.43%
Industry Median 3.70%
Annualised payout
2.92
Paid quarterly
5-Years Growth
+3.82%
Growth Streak

Earnings

Latest Release
May 08, 2025
EPS / Forecast
1.01 / 0.99
Revenue / Forecast
400.20M / 456.30M
EPS Revisions
Last 90 days

ALE Income Statement

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FAQ

What Stock Exchange Does Allete Trade On?

Allete is listed and trades on the New York Stock Exchange stock exchange.

What Is the Stock Symbol for Allete?

The stock symbol for Allete is "ALE."

What Is the Allete Market Cap?

As of today, Allete market cap is 3.82B.

What Is Allete's Earnings Per Share (TTM)?

The Allete EPS (TTM) is 3.20.

When Is the Next Allete Earnings Date?

Allete will release its next earnings report on 29 Oct 2025.

From a Technical Analysis Perspective, Is ALE a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Buy.

How Many Times Has Allete Stock Split?

Allete has split 3 times.

How Many Employees Does Allete Have?

Allete has 1617 employees.

What is the current trading status of Allete (ALE)?

As of 04 Aug 2025, Allete (ALE) is trading at a price of 65.88, with a previous close of 65.88. The stock has fluctuated within a day range of 65.75 to 66.07, while its 52-week range spans from 63.00 to 66.46.
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