ALLETE (ALE) Stock Price
ALLETE Price
Revenue has compounded at 3.9% per year over the past 19 years to 1.53 B USD. Earnings per share have grown at 8.7% per year over the last 19 years. ALLETE's net margin stands at 11.7%, down from 14.9% several years earlier. ALLETE currently offers a dividend yield of about 4.15%. The payout ratio is around 91% of earnings. The dividend has grown at 4.4% per year over the past 19 years. Analysts set a median price target of 69.22 USD, implying 1.9% above the current price. Of 6 analysts, 4 rate the stock a buy — an overall Buy consensus.
ALLETE stock price
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ALLETE business model & stock analysis
Frequently asked questions about ALLETE
The business model of ALLETE Inc revolves around providing sustainable energy solutions and services. ALLETE Inc is a diversified energy company, primarily operating in the United States. The company's focus is on generating and distributing reliable energy through its various subsidiaries, including regulated utilities and non-regulated energy businesses. ALLETE Inc primarily serves customers in the sectors of regulated electric utilities, as well as through its subsidiary, ALLETE Clean Energy, which develops and operates renewable energy projects. By emphasizing environmental stewardship, ALLETE Inc aims to support the transition to a cleaner and more sustainable energy future.
ALLETE Inc is primarily active in the energy industry, specifically in the sectors of regulated electric utilities and renewable energy.
ALLETE Inc faces competition from companies such as Xcel Energy, Avista Corporation, and CMS Energy in the market.
ALLETE Inc, founded in 1906, is a leading energy company based in Duluth, Minnesota. With a rich history spanning over a century, the company has evolved from a small utility company to a diversified organization that serves customers across various sectors. ALLETE Inc operates through its two primary business segments: Regulated Operations and Investments and Energy-Centric Non-Regulated Operations. Through its regulated utilities, including Minnesota Power, ALLETE provides reliable electric services to customers in Minnesota and has been actively involved in the transition to cleaner energy sources. The company's non-regulated operations focus on energy infrastructure investments, which contribute to its long-term growth and sustainability goals. ALLETE Inc remains committed to delivering innovative and sustainable energy solutions for its customers and communities it serves.
ALLETE Inc has achieved several significant milestones since its establishment. The company has successfully expanded its energy business and diversified its operations. Notably, ALLETE Inc completed the acquisition of U.S. Water Services in 2015, thereby strengthening its presence in the water industry. Furthermore, the company achieved a major milestone by acquiring the Superior Water, Light and Power Company in 2020, expanding its portfolio in the utility sector. ALLETE Inc has also made significant progress in renewable energy initiatives, such as developing and operating wind energy projects. The company's commitment to sustainable growth and strategic acquisitions has played a crucial role in its notable achievements.
ALLETE Inc is primarily present in the United States.
ALLETE Inc is committed to delivering sustainable energy solutions and enhancing the quality of life in the communities it serves. The company upholds a strong corporate philosophy that emphasizes environmental stewardship, social responsibility, and ethical business practices. ALLETE aims to provide reliable and affordable energy while embracing renewable energy sources to promote a cleaner future. The company's commitment to integrity, teamwork, and innovation drives its operations and decision-making processes. ALLETE Inc strives to create value for its stakeholders by fostering strong customer relationships and investing in community development.
Analysts currently set an average price target of 70.67 USD for the ALLETE stock (median: 69.22 USD), implying +4.1 % versus the latest price. The consensus is based on 6 analyst ratings.
6 analysts currently rate the ALLETE stock: 4 recommend buying, 2 holding and 0 selling. For 2026, analysts expect ALLETE to generate revenue of 2.02 B USD and earnings per share of 4.08 USD.
Converted at the current exchange rate, the ALLETE share trades at 60.53 EUR (67.90 USD).
The ALLETE share (ALE) is listed on 4 stock exchanges, including: NYSE (ALE), Frankfurt (AEBA.F), München (AEBA.MU), Düsseldorf (AEBA.DU).
ALLETE Inc is an energy company based in Duluth, Minnesota. The company was founded in 1906 and has since become a leading provider of energy and water services in the USA. ALLETE has several subsidiaries specializing in regulation, renewable energy, power generation, energy transmission and distribution, and water distribution. One of ALLETE's most well-known subsidiaries is Minnesota Power, which provides electricity services in northern and central Minnesota. Minnesota Power offers various products such as electricity, infrastructure services, energy generation and distribution. The company focuses on innovative technologies to improve operational efficiency, including renewable energies such as wind and solar power, as well as technological innovations like energy-efficient lighting and smart energy management. Another subsidiary of ALLETE is ALLETE Clean Energy, which focuses on renewable energy and wind energy projects. ALLETE Clean Energy operates wind farms in various states and focuses on developing new renewable energy projects. The company collaborates with communities and businesses to help them achieve their sustainable energy goals. ALLETE also owns subsidiaries called Superior Water, Light and Power Company and BNI Energy. Superior Water, Light and Power Company provides water supply and energy supply services in Wisconsin, while BNI Energy focuses on operating coal-fired power plants, coal mining, and transportation in North Dakota. Overall, ALLETE offers a wide range of power generation, transmission, and distribution services, as well as renewable and non-renewable energy sources. The company utilizes innovative technologies to develop efficient and sustainable solutions and provide customers with high-quality energy and water supply services. ALLETE works closely with communities and businesses to support their energy and sustainability goals. In terms of ALLETE's business model, the company is highly diversified, with various subsidiaries specializing in different aspects of energy and water. The company focuses on innovative technologies and environmentally friendly solutions to offer its customers better and more sustainable services. ALLETE also collaborates closely with communities and customers to support their energy and sustainability goals, leading to long-term partnerships and sustainable growth. Overall, ALLETE is a leading energy and water supply company that relies on innovative technologies and sustainability to provide high-quality services that meet the needs of its customers. With its various subsidiaries and wide range of energy and water supply services, the company is well positioned to promote long-term growth and success.
The expected revenue of ALLETE is 2.02 B USD. This figure is based on current financial data and reflects the company's business performance.
The expected profit of ALLETE is 236.45 M USD. The net profit reflects the company's profitability after deducting all expenses.
The price-to-earnings ratio (P/E) of ALLETE is currently 16.66. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the ALLETE stock.
The price-to-sales ratio (P/S) of ALLETE is currently 1.95. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the ALLETE stock.
The Eulerpool Quality Score for ALLETE is 3/10.
The ISIN of ALLETE is US0185223007. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.
The WKN of ALLETE is A0DJ2T. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.
The ticker of ALLETE is ALE. The ticker symbol is used to trade ALLETE shares on the stock exchange.
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All fundamentals and in-depth analysis of ALLETE
Our stock analysis for ALLETE stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of ALLETE. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.