Allete Inc (ALE)

Allete (ALE) Stock Price & Analysis


ALE Stock Chart & Stats

Day’s Range$0 - $0
52-Week Range$48.67 - $64.36
Previous Close$61.35
Average Volume (3M)387.91K
Market Cap
Enterprise Value$5.81B
Total Cash (Recent Filing)$125.50M
Total Debt (Recent Filing)$1.80B
Price to Earnings (P/E)14.2
Feb 15, 2024
2.71 (4.41%)
Share Statistics
EPS (TTM)4.31
Shares Outstanding57,477,405
10 Day Avg. Volume611,823
30 Day Avg. Volume387,906
Standard Deviation0.07
Financial Highlights & Ratios
Price to Book (P/B)1.35
Price to Sales (P/S)2.25
Price to Cash Flow (P/CF)4.70
P/FCF Ratio6.10
Enterprise Value/Market CapN/A
Enterprise Value/Revenue3.05
Enterprise Value/Gross Profit3.70
Enterprise Value/Ebitda13.74
Price Target Upside-17.41% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering3



Ownership Overview

27.44% Mutual Funds
44.62% Other Institutional Investors
27.31% Public Companies and
Individual Investors


What was Allete Inc’s price range in the past 12 months?
Allete Inc lowest stock price was $48.66 and its highest was $64.36 in the past 12 months.
    What is Allete Inc’s market cap?
    Currently, no data Available
    When is Allete Inc’s upcoming earnings report date?
    Allete Inc’s upcoming earnings report date is Feb 15, 2024 which is in 67 days.
      How were Allete Inc’s earnings last quarter?
      Allete Inc released its earnings results on Nov 02, 2023. The company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.84.
        Is Allete Inc overvalued?
        According to Wall Street analysts Allete Inc’s price is currently Overvalued. Get more investment ideas with TipRanks Premium
          Does Allete Inc pay dividends?
          Allete Inc pays a Quarterly dividend of $0.68 which represents an annual dividend yield of 4.42%. See more information on Allete Inc dividends here
            What is Allete Inc’s EPS estimate?
            Allete Inc’s EPS estimate is $0.97.
              How many shares outstanding does Allete Inc have?
              Allete Inc has 57,477,406 shares outstanding.
                What happened to Allete Inc’s price movement after its last earnings report?
                Allete Inc reported an EPS of $1.49 in its last earnings report, beating expectations of $0.65. Following the earnings report the stock price went up 4.678%.
                  Which hedge fund is a major shareholder of Allete Inc?
                  Among the largest hedge funds holding Allete Inc’s share is Hotchkis & Wiley Capital Management LLC. It holds Allete Inc’s shares valued at 10M.

                    Company Description

                    Allete Inc

                    ALLETE, Inc. engages in the provision of electric and natural gas utility services. It operates through the following business segments: Regulated Operations, ALLETE Clean Energy, U.S. Water Services, and Corporate and Other. The Regulated Operations segment includes regulated utilities; Minnesota Power; SWL&P; and investment in ATC, which regulates utilities that owns and maintains electric transmission assets. The ALLETE Clean Energy segment develops, acquires, and operates clean and renewable energy projects. The U.S. Water Services segment provides integrated water management for industry by combining chemical, equipment, engineering, and service for customized solutions to reduce water and energy usage and improve efficiency. The Corporate and Other segment consists of other business development and corporate expenditure of the firm. The company was founded in 1906 and is headquartered in Duluth, MN.

                    Top 5 ETFs holding ALE

                    Market Value
                    Smart Score
                    Vanguard Total Stock Market ETF
                    Vanguard High Dividend Yield Index ETF
                    RBC QntUS DivLead Un
                    Vanguard Russell 3000 ETF
                    SPDR S&P 1500 Value Tilt ETF
                    Up to five ETFs with an Outperform Smart Score that hold ALE. The ETFs are listed according to market value of ALE within the ETF

                    Forecast EPS vs Actual EPS

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