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Allete Inc (ALE)
NYSE:ALE
Holding ALE?
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ALE Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$54.71 - $65.86
Previous Close$64.35
Volume99.01K
Average Volume (3M)243.81K
Market Cap
$3.73B
Enterprise Value$5.97B
Total Cash (Recent Filing)$101.90M
Total Debt (Recent Filing)$1.79B
Price to Earnings (P/E)20.6
Beta0.28
Next Earnings
Feb 13, 2025EPS Estimate
$1.12Last Dividend Ex-Date
Nov 15, 2024Dividend Yield4.34%
Share Statistics
EPS (TTM)3.12
Shares Outstanding57,818,971
10 Day Avg. Volume253,043
30 Day Avg. Volume243,807
Standard Deviation0.07
R-Squared0.37
Alpha-0.00867
Financial Highlights & Ratios
Price to Book (P/B)1.31
Price to Sales (P/S)2.38
Price to Cash Flow (P/CF)4.90
P/FCF Ratio9.90
Enterprise Value/Market CapN/A
Enterprise Value/Revenue3.87
Enterprise Value/Gross Profit12.18
Enterprise Value/Ebitda8.67
Forecast
1Y Price Target
$67.00Price Target Upside3.97% Upside
Rating ConsensusHold
Number of Analyst Covering1
Allete News
PremiumCompany Announcements
Allete Inc. Reports Mixed Financial Results
PremiumCompany Announcements
Allete Shareholders Approve Merger and Executive Compensation
Ownership Overview
0.45% Insiders
24.05% Mutual Funds
13.39% Other Institutional Investors
32.25% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
ProductionRisks related to the company’s ability to manufacture goods and services
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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ALE FAQ
What was Allete Inc’s price range in the past 12 months?
Allete Inc lowest stock price was $54.70 and its highest was $65.86 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 13, 2025 which is in 83 days.
How were Allete Inc’s earnings last quarter?
Allete Inc released its earnings results on Oct 30, 2024. The company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.995 by -$0.215.
Is Allete Inc overvalued?
According to Wall Street analysts Allete Inc’s price is currently Undervalued.
Does Allete Inc pay dividends?
Allete Inc pays a Quarterly dividend of $0.7 which represents an annual dividend yield of 4.34%. See more information on Allete Inc dividends here
What is Allete Inc’s EPS estimate?
Allete Inc’s EPS estimate is $1.12.
How many shares outstanding does Allete Inc have?
Allete Inc has 57,818,970 shares outstanding.
What happened to Allete Inc’s price movement after its last earnings report?
Allete Inc reported an EPS of $0.78 in its last earnings report, missing expectations of $0.995. Following the earnings report the stock price went down -0.142%.
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 12M.
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Allete Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Hold
Average Price Target:
$67.00 (3.97% Upside)
$67.00 (3.97% Upside)
Blogger Sentiment
Bullish
ALE Sentiment 100%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Decreased
By 62.2K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 2.0%
Last 30 Days ▼ 1.7%
Last 30 Days ▼ 1.7%
Technicals
SMA
Positive
20 days / 200 days
Momentum
22.54%
12-Months-Change
Fundamentals
Return on Equity
6.42%
Trailing 12-Months
Asset Growth
1.39%
Trailing 12-Months
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.
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ALE Company Deck
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ALE Earnings Call
Q4 2024
0:00 / 0:00
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ALE Stock 12 Month Forecast
Average Price Target
$67.00
▲(3.97% Upside)
Technical Analysis
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