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ALLETE, Inc. (ALE)

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63.95 +0.20 (+0.31%)
As of 11:52 AM EDT. Market Open.
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DELL
  • Previous Close 63.75
  • Open 64.00
  • Bid 63.91 x 900
  • Ask 63.93 x 800
  • Day's Range 63.76 - 63.96
  • 52 Week Range 49.29 - 65.86
  • Volume 32,234
  • Avg. Volume 369,511
  • Market Cap (intraday) 3.693B
  • Beta (5Y Monthly) 0.79
  • PE Ratio (TTM) 16.65
  • EPS (TTM) 3.84
  • Earnings Date Oct 31, 2024 - Nov 4, 2024
  • Forward Dividend & Yield 2.82 (4.42%)
  • Ex-Dividend Date Aug 15, 2024
  • 1y Target Est 63.97

ALLETE, Inc. operates as an energy company. The company operates through Regulated Operations, ALLETE Clean Energy, and Corporate and Other segments. It generates electricity from coal-fired, biomass co-fired / natural gas, hydroelectric, wind, and solar. In addition, the company provides regulated utility electric services in northwestern Wisconsin to approximately 15,000 electric customers, 13,000 natural gas customers, and 10,000 water customers, as well as regulated utility electric services in northeastern Minnesota to approximately 150,000 retail customers and 14 non-affiliated municipal customers. Further, it owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illinois. Additionally, the company focuses on developing, acquiring, and operating clean and renewable energy projects; and owns and operates approximately 1,200 megawatts of wind energy generation facility, as well as involved in the coal mining operations in North Dakota; and real estate investment activities in Florida. It owns and operates 162 substations with a total capacity of 9,980 megavolt amperes. The company serves taconite mining, paper, pulp and secondary wood products, pipeline, and other industries. The company was formerly known as Minnesota Power, Inc. and changed its name to ALLETE, Inc. in May 2001. ALLETE, Inc. was incorporated in 1906 and is headquartered in Duluth, Minnesota.

www.allete.com

1,567

Full Time Employees

December 31

Fiscal Year Ends

Utilities

Sector

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Performance Overview: ALE

Trailing total returns as of 9/13/2024, which may include dividends or other distributions. Benchmark is

.

YTD Return

ALE
8.24%
S&P 500
18.12%

1-Year Return

ALE
20.97%
S&P 500
26.27%

3-Year Return

ALE
14.28%
S&P 500
26.36%

5-Year Return

ALE
9.50%
S&P 500
87.21%

Compare To: ALE

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Statistics: ALE

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Valuation Measures

Annual
As of 9/12/2024
  • Market Cap

    3.68B

  • Enterprise Value

    5.45B

  • Trailing P/E

    16.60

  • Forward P/E

    14.68

  • PEG Ratio (5yr expected)

    --

  • Price/Sales (ttm)

    2.38

  • Price/Book (mrq)

    1.30

  • Enterprise Value/Revenue

    3.54

  • Enterprise Value/EBITDA

    10.18

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    14.36%

  • Return on Assets (ttm)

    1.60%

  • Return on Equity (ttm)

    4.65%

  • Revenue (ttm)

    1.54B

  • Net Income Avi to Common (ttm)

    221.1M

  • Diluted EPS (ttm)

    3.84

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    37.5M

  • Total Debt/Equity (mrq)

    53.06%

  • Levered Free Cash Flow (ttm)

    33.36M

Research Analysis: ALE

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