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Allete Inc, Common Stock

ALE

NYQ

$64.564

+$0.2

(0.31%)

1D
Industry: Electric Utilities Sector: Utilities

Analyst Forecast

Price Chart

Key Metrics

Market Cap info-icon
This is a company’s total value as determined by the stock market. It is calculated by multiplying the total number of a company's outstanding shares by the current market price of one share.
$3.74B
P/E Ratio info-icon
This is the ratio of a security’s current share price to its earnings per share. This ratio determines the relative value of a company’s share.
20.7308
Volume info-icon
This is the total number of shares traded during the most recent trading day.
103.24K
Avg Volume info-icon
This is the average number of shares traded during the most recent 30 days.
0
Dividend Yield info-icon
This ratio shows how much income you earn in dividend payouts per year for every dollar invested in the stock (or the stock’s annual dividend payment expressed as a percentage of its current price).
4.36%
Beta info-icon
This measures the expected move in a stock’s price relative to movements in the overall market. The market, such as the S&P 500 Index, has a beta of 1.0. If a stock has a Beta greater (or lower) than 1.0, it suggests that the stock is more (or less) volatile than the broader market.
0.79
52-week Range info-icon
This shows the range of the stock’s price between the 52-week high (the highest price of the stock for the past 52 weeks) and the 52-week low (the lowest price of the stock for the past 52 weeks).
$54.04 L
$65.19 H
$64.564

About Allete Inc, Common Stock

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. more

Industry: Electric UtilitiesSector: Utilities

Returns

Time FrameALESectorS&P500
1-Week Return-0.72%-3.53%-3.47%
1-Month Return-0.14%-6.32%-0.29%
3-Month Return0.96%-4.57%4.5%
6-Month Return2.3%8.22%6.91%
1-Year Return7.37%18.44%23.79%
3-Year Return1.1%7.71%28.43%
5-Year Return-21.19%15.87%83.64%
10-Year Return17.96%58.67%185.94%

Financials

Dec '19Dec '20Dec '21Dec '22Dec '235YR TREND
Total Revenue1.24B1.17B1.42B1.57B1.88B[{"date":"2019-12-31","value":65.99,"profit":true},{"date":"2020-12-31","value":62.19,"profit":true},{"date":"2021-12-31","value":75.5,"profit":true},{"date":"2022-12-31","value":83.56,"profit":true},{"date":"2023-12-31","value":100,"profit":true}]
Cost of Revenue805.40M744.30M965.70M1.12B1.39B[{"date":"2019-12-31","value":57.95,"profit":true},{"date":"2020-12-31","value":53.55,"profit":true},{"date":"2021-12-31","value":69.48,"profit":true},{"date":"2022-12-31","value":80.86,"profit":true},{"date":"2023-12-31","value":100,"profit":true}]
Gross Profit435.10M424.80M453.50M446.80M489.90M[{"date":"2019-12-31","value":88.81,"profit":true},{"date":"2020-12-31","value":86.71,"profit":true},{"date":"2021-12-31","value":92.57,"profit":true},{"date":"2022-12-31","value":91.2,"profit":true},{"date":"2023-12-31","value":100,"profit":true}]
Gross Margin35.07%36.34%31.95%28.45%26.06%[{"date":"2019-12-31","value":96.53,"profit":true},{"date":"2020-12-31","value":100,"profit":true},{"date":"2021-12-31","value":87.94,"profit":true},{"date":"2022-12-31","value":78.29,"profit":true},{"date":"2023-12-31","value":71.72,"profit":true}]
Operating Expenses255.30M273.90M302.20M312.60M309.00M[{"date":"2019-12-31","value":81.67,"profit":true},{"date":"2020-12-31","value":87.62,"profit":true},{"date":"2021-12-31","value":96.67,"profit":true},{"date":"2022-12-31","value":100,"profit":true},{"date":"2023-12-31","value":98.85,"profit":true}]
Operating Income179.80M150.90M151.30M134.20M180.90M[{"date":"2019-12-31","value":99.39,"profit":true},{"date":"2020-12-31","value":83.42,"profit":true},{"date":"2021-12-31","value":83.64,"profit":true},{"date":"2022-12-31","value":74.18,"profit":true},{"date":"2023-12-31","value":100,"profit":true}]
Total Non-Operating Income/Expense(61.40M)(92.80M)(107.20M)(109.30M)(44.60M)[{"date":"2019-12-31","value":-6140000000,"profit":false},{"date":"2020-12-31","value":-9280000000,"profit":false},{"date":"2021-12-31","value":-10720000000,"profit":false},{"date":"2022-12-31","value":-10930000000,"profit":false},{"date":"2023-12-31","value":-4460000000,"profit":false}]
Pre-Tax Income178.90M122.10M110.90M100.10M206.80M[{"date":"2019-12-31","value":86.51,"profit":true},{"date":"2020-12-31","value":59.04,"profit":true},{"date":"2021-12-31","value":53.63,"profit":true},{"date":"2022-12-31","value":48.4,"profit":true},{"date":"2023-12-31","value":100,"profit":true}]
Income Taxes(6.60M)(39.50M)(26.90M)(31.20M)27.90M[{"date":"2019-12-31","value":-23.66,"profit":false},{"date":"2020-12-31","value":-141.58,"profit":false},{"date":"2021-12-31","value":-96.42,"profit":false},{"date":"2022-12-31","value":-111.83,"profit":false},{"date":"2023-12-31","value":100,"profit":true}]
Income After Taxes185.50M161.60M137.80M131.30M178.90M[{"date":"2019-12-31","value":100,"profit":true},{"date":"2020-12-31","value":87.12,"profit":true},{"date":"2021-12-31","value":74.29,"profit":true},{"date":"2022-12-31","value":70.78,"profit":true},{"date":"2023-12-31","value":96.44,"profit":true}]
Income From Continuous Operations185.50M161.60M137.80M131.30M178.90M[{"date":"2019-12-31","value":100,"profit":true},{"date":"2020-12-31","value":87.12,"profit":true},{"date":"2021-12-31","value":74.29,"profit":true},{"date":"2022-12-31","value":70.78,"profit":true},{"date":"2023-12-31","value":96.44,"profit":true}]
Income From Discontinued Operations-----[{"date":"2019-12-31","value":"-","profit":true},{"date":"2020-12-31","value":"-","profit":true},{"date":"2021-12-31","value":"-","profit":true},{"date":"2022-12-31","value":"-","profit":true},{"date":"2023-12-31","value":"-","profit":true}]
Net Income185.60M174.20M169.20M131.30M247.10M[{"date":"2019-12-31","value":75.11,"profit":true},{"date":"2020-12-31","value":70.5,"profit":true},{"date":"2021-12-31","value":68.47,"profit":true},{"date":"2022-12-31","value":53.14,"profit":true},{"date":"2023-12-31","value":100,"profit":true}]
EPS (Diluted)3.593.353.233.484.30[{"date":"2019-12-31","value":83.49,"profit":true},{"date":"2020-12-31","value":77.91,"profit":true},{"date":"2021-12-31","value":75.12,"profit":true},{"date":"2022-12-31","value":80.93,"profit":true},{"date":"2023-12-31","value":100,"profit":true}]

Ratios

Liquidity

These ratios help you determine the liquidity of the company. Higher is better.

ALE
Cash Ratio 0.30
Current Ratio 1.45
Quick Ratio 0.95

Asset Efficiency

These ratios help you understand the company's efficiency in using its assets to generate returns. Higher is better. For ROE, average long term is around 14%, less than 10% is poor.

ALE
ROA (LTM) 1.69%
ROE (LTM) 3.55%

Liabilities

These ratios help you understand the company's liabilities, gauging the riskiness of the investment.

ALE
Debt Ratio Lower is generally better. Negative is bad. 0.50
Common Equity/Total Assets Higher is better. Lower can suggest investment is riskier. 0.42

Valuation

These ratios help you understand the company's valuation. Lower may indicate cheaper stocks.

ALE
Trailing PE 20.73
Forward PE 17.42
P/S (TTM) 2.39
P/B 1.32
Price/FCF 40
EV/R 3.47
EV/Ebitda 11.11
PEG 2.21

FAQs

What is Allete Inc share price today?

Allete Inc (ALE) share price today is $64.564

Can Indians buy Allete Inc shares?

Yes, Indians can buy shares of Allete Inc (ALE) on Vested. To buy Allete Inc from India, you can open a US Brokerage account on Vested today by clicking on Sign Up or Invest in ALE stock at the top of this page. The account opening process is completely digital and secure, and takes a few minutes to complete.

Can Fractional shares of Allete Inc be purchased?

Yes, you can purchase fractional shares of Allete Inc (ALE) via the Vested app. You can start investing in Allete Inc (ALE) with a minimum investment of $1.

How to invest in Allete Inc shares from India?

You can invest in shares of Allete Inc (ALE) via Vested in three simple steps:

  • Click on Sign Up or Invest in ALE stock at the top of this page
  • Breeze through our fully digital and secure KYC process and open your US Brokerage account in a few minutes
  • Transfer USD funds to your US Brokerage account and start investing in Allete Inc shares
What is Allete Inc 52-week high and low stock price?

The 52-week high price of Allete Inc (ALE) is $65.19. The 52-week low price of Allete Inc (ALE) is $54.04.

What is Allete Inc price-to-earnings (P/E) ratio?

The price-to-earnings (P/E) ratio of Allete Inc (ALE) is 20.7308

What is Allete Inc price-to-book (P/B) ratio?

The price-to-book (P/B) ratio of Allete Inc (ALE) is 1.32

What is Allete Inc dividend yield?

The dividend yield of Allete Inc (ALE) is 4.36%

What is the Market Cap of Allete Inc?

The market capitalization of Allete Inc (ALE) is $3.74B

What is Allete Inc’s stock symbol?

The stock symbol (or ticker) of Allete Inc is ALE

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