Allete, Inc. (ALE): Price and Financial Metrics

Allete, Inc. (ALE): $59.93

-1.20 (-1.96%)

POWR Rating

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Industry: Utilities - Domestic




#31 of 64

in industry

ALE Price/Volume Stats

Current price $59.93 52-week high $67.45
Prev. close $61.13 52-week low $47.77
Day low $59.68 Volume 231,700
Day high $60.71 Avg. volume 301,346
50-day MA $62.73 Dividend yield 4.68%
200-day MA $60.92 Market Cap 3.43B

ALE Stock Price Chart Interactive Chart >


  • Momentum is the dimension where ALE ranks best; there it ranks ahead of 70.99% of US stocks.
  • The strongest trend for ALE is in Sentiment, which has been heading down over the past 179 days.
  • ALE ranks lowest in Sentiment; there it ranks in the 6th percentile.

ALE Stock Summary

  • ALE's went public 37.42 years ago, making it older than 93.61% of listed US stocks we're tracking.
  • Of note is the ratio of ALLETE INC's sales and general administrative expense to its total operating expenses; just 0.35% of US stocks have a lower such ratio.
  • For ALE, its debt to operating expenses ratio is greater than that reported by 88.82% of US equities we're observing.
  • Stocks with similar financial metrics, market capitalization, and price volatility to ALLETE INC are GOOD, EVRG, UDR, EGP, and IRT.
  • ALE's SEC filings can be seen here. And to visit ALLETE INC's official web site, go to

ALE Valuation Summary

  • In comparison to the median Utilities stock, ALE's EV/EBIT ratio is 6.36% higher, now standing at 23.4.
  • ALE's EV/EBIT ratio has moved up 18.2 over the prior 243 months.

Below are key valuation metrics over time for ALE.

Stock Date P/S P/B P/E EV/EBIT
ALE 2023-05-17 2.0 1.3 19.5 23.4
ALE 2023-05-16 2.0 1.3 19.3 23.3
ALE 2023-05-15 2.0 1.3 19.5 23.4
ALE 2023-05-12 2.0 1.3 19.6 23.5
ALE 2023-05-11 2.0 1.3 19.7 23.6
ALE 2023-05-10 2.1 1.3 19.9 23.8

ALE Growth Metrics

    Its year over year price growth rate is now at -15.11%.
  • The 2 year net income to common stockholders growth rate now stands at 1.27%.
  • Its 5 year cash and equivalents growth rate is now at -18.09%.
Over the past 70 months, ALE's revenue has gone up $199,200,000.

The table below shows ALE's growth in key financial areas (numbers in millions of US dollars).

Date Revenue Operating Cash Flow Net Income to Common Stock
2022-12-31 1,570.7 221.3 189.3
2022-09-30 1,543.9 135.5 199.5
2022-06-30 1,501 149.9 193.4
2022-03-31 1,463.5 170.2 183.7
2021-12-31 1,419.2 263.5 169.2
2021-09-30 1,340.6 265.1 154.4

ALE's Quality Factors

The “Quality” component of the POWR Ratings focuses on 31 different factors of a companies fundamentals and operational strength. Here are some key insights as we drill into the specifics of these quality attributes.
  • ALE has a Quality Grade of D, ranking ahead of 8.28% of graded US stocks.
  • ALE's asset turnover comes in at 0.215 -- ranking 52nd of 105 Utilities stocks.
  • BKH, DTE, and UTL are the stocks whose asset turnover ratios are most correlated with ALE.

The table below shows ALE's key quality metrics over time.

Period Asset Turnover Gross Margin ROIC
2021-09-30 0.215 0.274 0.026
2021-06-30 0.210 0.290 0.028
2021-03-31 0.199 0.297 0.026
2020-12-31 0.200 0.315 0.029
2020-09-30 0.203 0.326 0.031
2020-06-30 0.207 0.320 0.031

ALE Price Target

For more insight on analysts targets of ALE, see our ALE price target page. And for a list of of all stocks sorted by upside potential based on analyst target price, see our Top Price Target page.

Average Price Target $71.40 Average Broker Recommendation 1.92 (Hold)

Allete, Inc. (ALE) Company Bio

ALLETE Inc. provides regulated electric, natural gas, and water services in northwestern Wisconsin as well as regulated utility electric service in northeastern Minnesota. The company also owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illinois. The company was founded in 1906 and is based in Duluth, Minnesota.

ALE Latest News Stream

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Latest ALE News From Around the Web

Below are the latest news stories about ALLETE INC that investors may wish to consider to help them evaluate ALE as an investment opportunity.

ALLETE's (ALE) Arm Minnesota Power Plans HVDC Upgrades

ALLETE's (ALE) subsidiary, Minnesota Power, advances the high-voltage direct-current transmission system project to strengthen grid reliability and resiliency in Upper Midwest.

Yahoo | June 5, 2023

ALLETE, Inc. (NYSE:ALE) Shares Could Be 22% Above Their Intrinsic Value Estimate

Key Insights ALLETE's estimated fair value is US$49.95 based on Dividend Discount Model ALLETE is estimated to be 22...

Yahoo | June 5, 2023

Minnesota Power advances HVDC transmission system project to strengthen grid reliability, resiliency in Upper Midwest

DULUTH, Minn., June 01, 2023--To help ensure a reliable and resilient grid that can expand in the future, Minnesota Power this week outlined planned upgrades to its high-voltage, direct-current (HVDC) transmission system that delivers renewable wind energy from its Bison Wind Energy Center in North Dakota to customers in Minnesota.

Yahoo | June 1, 2023

ALLETE, Inc. (NYSE:ALE) is a favorite amongst institutional investors who own 78%

Key Insights Given the large stake in the stock by institutions, ALLETE's stock price might be vulnerable to their...

Yahoo | May 21, 2023

ALLETE advances most transformative growth strategy in company history

DULUTH, Minn., May 09, 2023--With momentum on its side, ALLETE Inc.’s (NYSE:ALE) sustainability-in-action strategy is securing the company’s place as a national leader in the transition to a clean-energy future, ALLETE Chair, President and CEO Bethany Owen told investors at Tuesday’s virtual 2023 Annual Meeting of Shareholders.

Yahoo | May 9, 2023

Read More 'ALE' Stories Here

ALE Price Returns

1-mo -3.20%
3-mo -1.56%
6-mo -5.29%
1-year -1.19%
3-year 7.91%
5-year -1.51%
YTD -5.01%
2022 1.49%
2021 11.19%
2020 -20.47%
2019 9.62%
2018 5.60%

ALE Dividends

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Continue Researching ALE

Here are a few links from around the web to help you further your research on Allete Inc's stock as an investment opportunity:

Allete Inc (ALE) Stock Price | Nasdaq
Allete Inc (ALE) Stock Quote, History and News - Yahoo Finance
Allete Inc (ALE) Stock Price and Basic Information | MarketWatch

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