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

Allete, Inc. (ALE): $57.75

0.45 (-0.77%)

POWR Rating

Component Grades

Momentum

C

Stability

C

Sentiment

Quality

C

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Industry: Utilities - Domestic

Industry

F

Ranked

#6 of 63

in industry

ALE Price/Volume Stats

Current price $57.75 52-week high $66.69
Prev. close $58.20 52-week low $49.29
Day low $57.46 Volume 600,200
Day high $58.06 Avg. volume 293,359
50-day MA $59.96 Dividend yield 4.68%
200-day MA $57.85 Market Cap 3.32B

ALE Stock Price Chart Interactive Chart >

ALE POWR Grades

  • Value is the dimension where ALE ranks best; there it ranks ahead of 72.13% of US stocks.
  • The strongest trend for ALE is in Stability, which has been heading down over the past 26 weeks.
  • ALE ranks lowest in Growth; there it ranks in the 25th percentile.

ALE Stock Summary

  • ALE's went public 38.03 years ago, making it older than 92.92% 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; only 0.17% of US stocks have a lower such ratio.
  • In terms of volatility of its share price, ALE is more volatile than merely 11.62% of stocks we're observing.
  • Stocks with similar financial metrics, market capitalization, and price volatility to ALLETE INC are MDU, MGEE, UTL, NFG, and EVRG.
  • ALE's SEC filings can be seen here. And to visit ALLETE INC's official web site, go to www.allete.com.

ALE Valuation Summary

  • In comparison to the median Utilities stock, ALE's EV/EBIT ratio is 20.82% lower, now standing at 15.4.
  • ALE's price/sales ratio has moved up 1.3 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 2023-12-27 1.9 1.3 14.3 15.4
ALE 2023-12-26 1.9 1.3 14.3 15.5
ALE 2023-12-22 1.9 1.3 14.3 15.5
ALE 2023-12-21 1.8 1.3 14.2 15.4
ALE 2023-12-20 1.8 1.2 14.1 15.3
ALE 2023-12-19 1.8 1.3 14.2 15.4

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.


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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.

5 Low-Leverage Stocks to Buy on Rate Cut Expectations

The crux of safe investment lies in choosing a company that is not burdened with debt. This is because a debt-free stock is almost impossible to find. You can consider stocks like VIRC, PLAB, ALE, TNK and ATO.

Yahoo | December 27, 2023

ALLETE, Inc.'s (NYSE:ALE) On An Uptrend But Financial Prospects Look Pretty Weak: Is The Stock Overpriced?

ALLETE's (NYSE:ALE) stock is up by a considerable 15% over the past three months. However, we decided to pay close...

Yahoo | December 27, 2023

Dividend Contenders List Ranked By Yield: Top 25

In this article, we discuss top 25 dividend contenders according to yields. You can skip our detailed analysis of dividend stocks and their previous performance, and go directly to read Dividend Contenders List Ranked By Yield: Top 10. Dividend contenders typically refer to companies that have consistently increased their dividends for at least 10 consecutive […]

Yahoo | December 24, 2023

ALLETE, Grid United sign development agreements for advancing new HVDC transmission line in North Dakota and Montana

DULUTH, Minn., December 21, 2023--ALLETE and Grid United this week signed development agreements for the North Plains Connector project.

Yahoo | December 21, 2023

Reasons to Add ALLETE (ALE) to Your Portfolio Right Now

ALLETE Inc.'s (ALE) rising earnings estimates, regular dividend payments and a solid investment plan, makes it a strong choice for investment in the utility space.

Yahoo | December 19, 2023

Read More 'ALE' Stories Here

ALE Price Returns

1-mo -7.17%
3-mo 8.56%
6-mo 2.76%
1-year -0.74%
3-year -1.81%
5-year -11.30%
YTD -5.58%
2023 -0.65%
2022 1.49%
2021 11.19%
2020 -20.47%
2019 9.62%

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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