$65.29
Open
-$0.20(-0.31%)

Today

About

ALLETE, Inc. engages in the provision of electric and natural gas utility services. The company is headquartered in Duluth, Minnesota and currently employs 1,564 full-time employees. The Company’s segments include Regulated Operations and ALLETE Clean Energy. Regulated Operations include regulated utilities, Minnesota Power, and SWL&P, as well as investment in ATC, a Wisconsin-based regulated utility that owns and maintains electric transmission assets in portions of Wisconsin, Michigan, Minnesota, and Illinois. Minnesota Power provides regulated utility electric service in northeastern Minnesota to approximately 150,000 retail customers. The ALLETE Clean Energy segment is focused on developing, acquiring, and operating clean and renewable energy projects. The segment owns and operates 1,600 megawatts of wind energy generation in five energy markets and eight states across the United States. The firm is also engaged in the development of wind energy facilities to operate under long-term Power Sales Agreement (PSAs).
Country

US

CEO

Ms. Bethany Owen

IPO date

1981

Employees

1,607

ISIN

US0185223007

Key stats

Open

$65.75

Volume

26.05M

Market cap

$3.80B

Prev. close

$65.48

Impl / hst vl

-

Open interest

$0.00

$0.00

Day’s Range

$0.00

$60.34

52W Range

$65.99

Valuation

33
Valuation score
Overvalued
P/E
20.90
P/S
-
P/B
1.32
Current ratio
1.08
Debt / Equity
0.62
ROE
6.33%
Gross margin
-
Income growth
12.44%
FCF growth
-136.83

Jun

1

Dividends

The next payment date will be Jun 1, 2025

Div. per Share

$0.73

Div. Yield

1.70%

Payout Ratio

-

Div. Growth YoY

-

Analysts estimates

Consensus rating
Hold

The average rating from top 8 analysts indicates that stock may significantly underperform the market

Str. Sell
Sell
Hold
Buy
Str. Buy
Avg. price target
$67.50
The top 6 analysts forecasts that 12-month price may increase by 3.38%, with a low of $56.56 and a high of $76.65
$56.56
Low
$67.50
Avg
$76.65
High
Current price

Earnings

Q4 ‘24 revenue
$364.80M
Q4 ‘24 net income
$50.60M
Revenue
Net income
Previous EPS
-
Estimate EPS
$0.81
Actual EPS
Estimate EPS