ALE

Allete, Inc

Oct 13 • 04:00PM ET

67.30

0.00 0.00 %

Utilities • Utilities - Diversified • USA • NYSE

Peers: NEE DUK SO AEP XEL SRE EIX D ED PCG

| Held by: IJH VTI IWM VB VBR VXF FVD XMLV IWN MDY

Index	RUT	P/E	21.26	EPS (ttm)	3.17	Insider Own	0.51%	Shs Outstand	58.00M	Perf Week	0.00%
Market Cap	3.91B	Forward P/E	16.49	EPS next Y	4.08	Insider Trans	0.00%	Shs Float	57.74M	Perf Month	6.39%
Enterprise Value	6.35B	PEG	-	EPS next Q	0.80	Inst Own	75.74%	Short Float	1.32%	Perf Quarter	1.37%
Income	183.60M	P/S	2.55	EPS this Y	8.12%	Inst Trans	2.54%	Short Ratio	1.07	Perf Half Y	4.29%
Sales	1.53B	P/B	1.36	EPS next Y	8.14%	ROA	2.71%	Short Interest	0.76M	Perf YTD	3.86%
Book/sh	49.34	P/C	70.50	EPS next 5Y	-	ROE	6.46%	52W High	67.44 -0.21%	Perf Year	4.75%
Cash/sh	0.95	P/FCF	-	EPS past 3/5Y	-1.27% -2.88%	ROIC	3.83%	52W Low	62.38 7.89%	Perf 3Y	35.36%
Dividend Est.	2.93 (4.36%)	EV/EBITDA	14.34	Sales past 3/5Y	2.53% 4.28%	Gross Margin	14.23%	Volatility	0.12% 0.66%	Perf 5Y	24.86%
Dividend TTM	2.90 (4.30%)	EV/Sales	4.14	EPS Y/Y TTM	-17.46%	Oper. Margin	10.08%	ATR (14)	0.38	Perf 10Y	32.14%
Dividend Ex-Date	Aug 15, 2025	Quick Ratio	0.81	Sales Y/Y TTM	-0.44%	Profit Margin	11.98%	RSI (14)	75.62	Recom	2.00
Dividend Gr. 3/5Y	3.82% 3.71%	Current Ratio	1.34	EPS Q/Q	-3.84%	SMA20	2.29%	Beta	0.81	Target Price	70.00
Payout	90.91%	Debt/Eq	0.70	Sales Q/Q	1.64%	SMA50	3.45%	Rel Volume	0.83	Prev Close	67.30
Employees	1616	LT Debt/Eq	0.68	Earnings	Aug 07 BMO	SMA200	3.19%	Avg Volume	714.55K	Price	67.30
IPO	Mar 06, 1950	Option/Short	Yes / Yes	EPS/Sales Surpr.	-29.48% -	Trades		Volume	595,478	Change	0.00%

Date	Action	Analyst	Rating Change	Price Target Change
Jan-22-24	Upgrade	Guggenheim	Sell → Neutral	$58
Jan-10-24	Downgrade	Sidoti	Buy → Neutral	$64
Jun-27-23	Downgrade	BofA Securities	Neutral → Underperform	$63 → $54
May-05-23	Downgrade	BofA Securities	Buy → Neutral	$66 → $63
Apr-06-23	Upgrade	Sidoti	Neutral → Buy	$74
Jan-23-23	Downgrade	Guggenheim	Neutral → Sell	$53 → $54
Nov-17-22	Upgrade	JP Morgan	Underweight → Neutral	$65
Nov-14-22	Upgrade	BofA Securities	Neutral → Buy	$53 → $66
May-25-22	Initiated	BofA Securities	Neutral	$63
Jan-21-21	Downgrade	Guggenheim	Buy → Neutral	$66
Apr-02-20	Downgrade	Sidoti	Buy → Neutral	$61
Mar-03-20	Upgrade	Mizuho	Underperform → Neutral	$83 → $74
Jan-08-20	Upgrade	Guggenheim	Neutral → Buy
Feb-19-19	Upgrade	Williams Capital Group	Sell → Hold	$69 → $76
Feb-11-19	Downgrade	Mizuho	Neutral → Underperform
Dec-10-18	Downgrade	Williams Capital Group	Hold → Sell	$69
Jun-11-18	Downgrade	Williams Capital Group	Buy → Hold	$76 → $73
Feb-02-18	Upgrade	Williams Capital Group	Hold → Buy	$76
Oct-20-17	Downgrade	Ladenburg Thalmann	Buy → Neutral
Oct-19-17	Downgrade	KeyBanc Capital Mkts	Overweight → Sector Weight

Show Previous Ratings

Oct-03-25 01:51PM	ALLETE Obtains Regulatory Approval from Minnesota Public Utilities Commission for Partnership with CPP Investments and Global Infrastructure Partners (Business Wire)
Oct-01-25 10:01AM	Looking For Yields: Allete, WEC Energy, And Chevron Are Consistent Moneymakers (Benzinga)
Aug-26-25 08:55AM	NYSE Content Advisory: Pre-Market Update + Investors Monitoring Latest Fed, Earnings Developments (PR Newswire)
Aug-07-25 06:40AM	Allete: Q2 Earnings Snapshot (Associated Press Finance)
06:30AM	ALLETE, Inc. Reports Second Quarter 2025 Earnings (Business Wire)
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Jul-25-25 06:30AM	ALLETE Board of Directors Declares Dividend on Common Stock (Business Wire)
Jul-11-25 03:29PM	ALLETE Announces Agreement with Minnesota Department of Commerce to Deliver Immediate Post-Closing Cost Savings and Substantial Benefits for Customers and Communities (Business Wire)
Jul-10-25 04:30PM	ALLETE to Announce Second Quarter Financial Results August 07 (Business Wire)
Jun-20-25 08:00AM	Why CareTrust, Merck, And Allete Are Winners For Passive Income (Benzinga)
May-08-25 06:45AM	Allete: Q1 Earnings Snapshot (Associated Press Finance)
06:30AM	ALLETE, Inc. Reports First Quarter 2025 Earnings (Business Wire)
May-07-25 06:00PM	Here are the major earnings before the open tomorrow (Seeking Alpha)
02:38PM	ALLETE Q1 2025 Earnings Preview (Seeking Alpha)
Apr-28-25 09:39AM	Why Agree Realty, LCI Industries, And Allete Are Winners For Passive Income (Benzinga)
Apr-25-25 06:30AM	ALLETE Board of Directors Declares Dividend on Common Stock (Business Wire)
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Apr-24-25 06:30AM	ALLETE to Announce First Quarter Financial Results May 08 (Business Wire)
Apr-15-25 04:00PM	ALLETE recognized for commitment to women in leadership roles (Business Wire)
Apr-09-25 04:30PM	New Energy Equity Announces Leadership Transition: Josh Kunkel to Succeed Matt Hankey as CEO (PR Newswire)
Mar-29-25 04:00PM	How Hormel Foods, ALLETE, And Alliant Energy Can Put Cash In Your Pocket (Benzinga)
Mar-25-25 10:30AM	New Energy Equity's Lift as We Climb Foundation Donates $100,000 to Civic Works to Expand Solar Access in Baltimore (PR Newswire)
Mar-13-25 04:05PM	Wisconsin Regulators Approve Proposed ALLETE Transaction With Canada Pension Plan Investment Board and Global Infrastructure Partners (Business Wire)
Mar-11-25 06:30AM	ALLETE Names Jeff Scissons Chief Financial Officer (Business Wire)
Mar-06-25 10:30AM	New Energy Equity Partners with Harlem Consolidated School District on 5.54 MWdc Community Solar Project (PR Newswire)
Feb-27-25 12:00PM	How Fifth Third Bancorp, ALLETE, And S&T Bancorp Can Put Cash In Your Pocket (Benzinga)
Feb-13-25 06:47AM	Allete: Q4 Earnings Snapshot (Associated Press Finance)
06:30AM	ALLETE, Inc. Reports 2024 Earnings (Business Wire)
Jan-30-25 06:30AM	ALLETE Board of Directors Raises Quarterly Common Stock Dividend (Business Wire)
Jan-24-25 06:45AM	ALLETE Senior Vice President & Chief Financial Officer Steven W. Morris to Retire Mid-Year as Part of a Planned Transition (Business Wire)
Jan-15-25 09:15AM	Looking For Yields: Nexstar Media, Avista And ALLETE Are Consistent Moneymakers (Benzinga)
Dec-19-24 05:00PM	ALLETE receives FERC approval for proposed transaction with Canada Pension Plan Investment Board and Global Infrastructure Partners (Business Wire)
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Dec-12-24 07:00AM	NorthWestern Energy to Participate in Regional Transmission Projects (Business Wire)
Dec-11-24 08:00AM	Why Exxon Mobil, Brookfield Infrastructure Partners And ALLETE Are Winners For Passive Income (Benzinga)
Dec-09-24 10:00AM	Puget Sound Energy signs on to largest share of North Plains Connector transmission project (GlobeNewswire)
Nov-19-24 06:30AM	ALLETE Clean Energy has fully recontracted Armenia Mountain Wind (Business Wire)
Nov-13-24 06:53PM	Is ALLETE, Inc. (ALE) Among The Top Dividend Contenders Right Now? (Insider Monkey)
Oct-30-24 06:40AM	Allete: Q3 Earnings Snapshot (Associated Press Finance)
06:30AM	ALLETE, Inc. reports third quarter 2024 earnings (Business Wire)
Oct-29-24 10:06AM	ALLETE Clean Energy Announces Sale of Wisconsin Wind Site (Business Wire)
Oct-25-24 04:30PM	ALLETE Board of Directors declares dividend on common stock (Business Wire)
Oct-24-24 12:48PM	Minnesota Powers Agreement With Stakeholders on Lower Rate Increase Approved by Minnesota Public Utilities Commission (Business Wire)
Oct-17-24 09:16AM	New Energy Equity completes development of 14 Public Storage projects in Minnesota (PR Newswire)
Oct-04-24 06:30AM	ALLETE to Announce Third Quarter Financial Results October 30 (Business Wire)
Sep-23-24 11:02AM	Minnesota Power plans two large solar projects in northern Minnesota as part of its EnergyForward strategy for carbon-free energy (Business Wire)
Sep-17-24 09:00AM	New Energy Equity achieves Gold Certification for advancements on DEIJ issues (PR Newswire)
Sep-14-24 04:02PM	How Philip Morris, ALLETE And Ameren Can Put Cash In Your Pocket (Benzinga)
Aug-21-24 04:57PM	ALLETE shareholders approve proposed transaction with Canada Pension Plan Investment Board and Global Infrastructure Partners (Business Wire)
Aug-11-24 12:00PM	3 Stock With Consistent Hikes, Offering Over 3% Dividend Yield: Edison International, ALLETE, And Clorox (Benzinga)
Aug-06-24 08:00AM	ALLETE applauds $700 million federal grant for Montana and North Plains Connector transmission project (Business Wire)
Aug-01-24 07:09AM	Allete Q2 Net Profit, Revenues Decline (RTT News)
06:47AM	Allete: Q2 Earnings Snapshot (Associated Press Finance)
06:30AM	ALLETE, Inc. reports second quarter 2024 earnings (Business Wire)
Jul-26-24 08:45AM	CORRECTING and REPLACING ALLETE Board of Directors Declares Dividend on Common Stock (Business Wire)
Jul-22-24 06:00AM	3 High Dividend Yield Stocks With Recently Announced Hikes: ALLETE, Cogent Communications, And Getty Realty (Benzinga)
Jul-15-24 11:53AM	ALLETE to Announce Second Quarter Financial Results August 1 (Business Wire)
May-29-24 02:03AM	Portland General Electric joins Allete, Grid United on $3.2B North Plains transmission project (Utility Dive)
May-28-24 08:00AM	PGE joins Grid United and ALLETE in 3,000 megawatt east-west transmission line (PR Newswire)
May-09-24 10:54AM	ALE Stock Earnings: ALLETE Misses EPS, Misses Revenue for Q1 2024 (InvestorPlace)
07:04AM	ALLETE Q1 Net Income Declines (RTT News)
06:32AM	Allete: Q1 Earnings Snapshot (Associated Press Finance)
06:30AM	ALLETE, Inc. reports first quarter 2024 earnings (Business Wire)
May-07-24 04:45AM	Allete agrees to $6.2B sale to Canadian pension fund, New York private equity firm (Utility Dive)
03:41AM	CPP Investments and GIP to take Allete private in $6.2bn deal (Power Technology)
May-06-24 11:55AM	Utility, Clean Energy Company Allete to Go Private in $6.2B Deal (Hart Energy)
10:20AM	Allete to Go Private in $6.2 Billion Deal (MT Newswires)
07:57AM	Update: ALLETE to be Acquired by Canada Pension Plan Investment Board and Global Infrastructure Partners for $67 Per Share (MT Newswires)
07:26AM	US utility Allete goes private in $6.2 billion deal (Reuters)
07:24AM	ALLETE to be Bought by CPPIB, GIP for $67 Per Share (MT Newswires)
07:23AM	UPDATE 4-US utility Allete goes private in $6.2 billion deal (Reuters)
07:03AM	ALLETE Enters Agreement to be Acquired by a Partnership Led by Canada Pension Plan Investment Board and Global Infrastructure Partners to Advance 'Sustainability-in-Action' Strategy (Business Wire)
May-03-24 11:20AM	Minnesota Power Reaches Electric Rate Settlement With State Agencies and Large Power Customers (Business Wire) +5.64%
May-02-24 09:24PM	UPDATE 1-GIP and Canada's CPP near deal for utility group Allete, source says (Reuters)
08:13PM	GIP and Canada's CPP near $5 bln deal for utility group Allete, FT reports (Reuters)
Apr-25-24 08:53AM	NT Solar Celebrates New Impact Investment Fund & Series of Successful Transactions (PR Newswire)
06:30AM	ALLETE Board of Directors declares dividend on common stock (Business Wire)
Apr-16-24 04:05PM	ALLETE Recognized for Gender Diversity on Board and Among Executive Officers (Business Wire)
Apr-12-24 04:30PM	ALLETE to Announce First Quarter Financial Results May 9 (Business Wire)
Mar-12-24 10:30AM	Sidoti Events, LLC's Virtual March Small-Cap Conference (ACCESSWIRE)
Feb-27-24 09:30AM	New Energy Equity announces Tim Ahrens as Senior Vice President of Development (PR Newswire)
Feb-21-24 08:51AM	ALLETE, Inc. (NYSE:ALE) Q4 2023 Earnings Call Transcript (Insider Monkey)
Feb-20-24 11:48PM	Q4 2023 ALLETE Inc Earnings Call (Thomson Reuters StreetEvents)
07:45AM	Allete (ALE) Misses Q4 Earnings and Revenue Estimates (Zacks)
06:56AM	Allete Q4 Results Miss Estimates (RTT News)
06:50AM	Allete: Q4 Earnings Snapshot (Associated Press Finance)
06:30AM	ALLETE, Inc. reports 2023 earnings of $4.30 per share; clean energy transition drives $4.3 billion capital investment plan over the next five years (Business Wire)
Feb-15-24 06:30AM	Minnesota Power advances EnergyForward with request for proposals for up to 400 megawatts of wind energy (Business Wire)
Feb-07-24 04:45PM	ALLETE to announce 2023 financial results on February 20 (Business Wire)
11:15AM	New Energy Equity names Jackie Chambers as chief investment officer (PR Newswire)
Jan-26-24 06:30AM	ALLETE Board of Directors raises quarterly common stock dividend (Business Wire)
Jan-16-24 02:00PM	New Energy Equity raises $200,000 for Folds of Honor (PR Newswire)
Dec-29-23 09:45AM	3 Top Utility Stocks With High Dividend Yields (TheStreet.com)
Dec-23-23 07:40PM	Dividend Contenders List Ranked By Yield: Top 25 (Insider Monkey)
Dec-21-23 06:30AM	ALLETE, Grid United sign development agreements for advancing new HVDC transmission line in North Dakota and Montana (Business Wire)
Dec-19-23 01:26PM	Reasons to Add ALLETE (ALE) to Your Portfolio Right Now (Zacks)
Dec-14-23 09:40AM	Should Value Investors Buy Allete (ALE) Stock? (Zacks)
Dec-07-23 12:00PM	Allete (ALE) Moves to Buy: Rationale Behind the Upgrade (Zacks)
Dec-05-23 03:11PM	US power utility Allete is exploring a sale, sources say (Reuters) +8.02%
Nov-26-23 08:07AM	11 Most Undervalued Utility Stocks to Buy According to Hedge Funds (Insider Monkey)
Nov-22-23 09:09AM	Dividend Achievers List Ranked By Yield: Top 30 (Insider Monkey)
Nov-15-23 06:30AM	Minnesota Power Advances EnergyForward with Request for Proposals for up to 300 Megawatts of Solar Energy (Business Wire)
Nov-06-23 09:38AM	ALLETE, Inc. (NYSE:ALE) Q3 2023 Earnings Call Transcript (Insider Monkey)

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, and Corporate and Other. The Regulated Operations segment includes regulated utilities, Minnesota Power, SWL&P, and investment in ATC, which regulates utilities that own and maintain electric transmission assets. The ALLETE Clean Energy segment develops, acquires, and operates clean and renewable energy projects. The Corporate and Other segment includes New Energy, South Shore Energy, BNI Energy, ALLETE Properties, a small amount of non-rate base generation, land holdings, and earnings on cash and investments. The company was founded on January 25, 1906 and is headquartered in Duluth, MN.

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ALE

Allete, Inc

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