How to Buy Allete Stock
Allete Inc
Allete is a diversified utility company located in Minnesota, United States, which is part of the Utilities sector, and is traded under the ticker ALE on the NYSE exchange.
Allete stock last closed at $67.33, down 0.09% from the previous day, and has increased 5.35% in one year. It has overperformed other stocks in the Utilities - Diversified industry by 0.03 percentage points. Allete stock is currently +7.94% from its 52-week low of $62.38, and -0.27% from its 52-week high of $67.51.
There are currently 58.1M ALE shares outstanding. The market capitalization of ALE is $3.91B. In the past 24 hours, 720,000 ALE shares were traded.
How to Buy Allete Stock
Not sure how to invest in Allete stock? Here's how.
- Figure out where to buy Allete stock: You need to decide on an online brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you figure out where to buy Allete stock.
- Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Fund your brokerage account: Choose your payment method and add your information.
- Evaluate Allete stock: The Allete ticker symbol is ALE. Is Allete stock a good investment? Should you buy shares of ALE? How do ALE's underlying business fundamentals look? Do top analysts think Allete is a good buy? Why has ALE's stock price moved recently? (Hint: Our stock market research website can help you figure out if ALE is a good stock to buy).
- Place your ALE buy order: Decide if you will purchase ALE shares at the current market price or use a limit order to buy ALE stock at a given price.
- Get updates on your ALE position: Create a watchlist to get live updates on your investment in Allete shares.
Step 1: Figure out where to buy Allete stock
You will need a brokerage account in order to access the NYSE market and buy ALE stock.
Our recommended brokerage: eToro
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Get $10 towards your purchase of shares by creating an account with eToro now. This offer is only for US users.
Open eToro AccountStep 2: Open a brokerage account
Now that you've picked the right brokerage, the next step is to fill out some personal details so you can buy ALE today.
How to Create a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to start your new trading account.
- Submit your info by hitting the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you have created your account on investing apps, your next step is to transfer the money for your investment:
Watch the walkthrough below if you need help transferring money into your new investment account.
Step 4: Evaluate Allete stock
After you have decided on the best place to buy Allete stock, it's critical to analyze their stock before you buy, so you truly comprehend the risk as well as the opportunity.
Allete Metrics
ALE Due Diligence Score
WallStreetZen was created to help everyday investors perform more in-depth fundamental analysis quickly.
You can view all of the due diligence checks on ALE's stock page.
Is ALE stock properly valued?
You can use many financial metrics, analyses, models, and charts to gauge ALE's true value.
Using relative valuations measures:
- ALE may be undervalued based on its P/E ratio of 23.46x, relative to Utilities - Diversified industry P/E ratio of 108.03x
- ALE may be undervalued based on its P/B ratio of 1.37x, relative to Utilities - Diversified industry P/B ratio of 1.83x
- ALE could be overvalued based on its PEG ratio of 1.3x
You can do additional valuation analysis on ALE's stock here.
ALE Financial Health Overview
Positive Financial Indicators:
- Total ALE debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than short-term liabilities on the ALE balance sheet.
Negative Financial Indicators:
- ALE profit margin has gone down from 11.5% to 11% in the past year.
- ALE has $78.70M in cash and short term investments. This is not sufficient to cover its annual cash burn of $322.10M.
- ALE has cash burn of 322100000. It does not have enough cash and short-term investments to cover this.
- There are more long-term liabilities than short-term assets on the ALE balance sheet.
- ALE has a relatively high debt to equity ratio of 1.34.
You can dig deeper into what analysts are saying on the Allete stock forecast page.
ALE Technical Indicators
Is ALE Making Money?
Last year, ALE earnings were $165.70M. In the past 5 year, ALE's earnings have grown by -3.39% per year. This was faster than the Utilities - Diversified industry average of -8.49%.
Last year, ALE revenue was $1.50B. Over the last 5 year, ALE's revenue has gone up by 5.4% per year. This was slower than the Utilities - Diversified industry average of 6.34%.
Dig into ALE's earnings and revenue performance here.
Are ALE executives and large shareholders buying or selling the stock?
In the past 12 months, insiders at ALE have sold more shares than they have bought.
Nicole Renee Johnson, VP Pres.- ACE of ALE, was the latest ALE insider to sell. They sold $57,435.00 worth of ALE shares on Feb 5, 2025.
Learn more about who owns ALE shares here.
Does ALE provide a stable income stream?
Allete pays a dividend of 3.22%, compared to the Utilities - Diversified industry's average dividend yield of 2.89%. If you owned $1,000 of ALE stock, you would have received $32.16 in the past 12 months.
Allete dividend payments have consistently grown over the past decade and have remained stable.
Get more data about Allete dividend yield and history here.
What others are saying about ALE
One of the major reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other investors have to say.
Step 5: Place your ALE buy order
There are two main options:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are mostly the easiest way to buy. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a particular price limit, use a limit order.
Press the Open Trade button and eToro will place your order.
If you want more help buying stocks on eToro, watch the helpful video below:
Step 6: Get updates on your ALE position
Now that you own some ALE stock, you'll want to stay up-to-date on your new shares.
Add ALE to a watchlist to get alerted to the latest events about your ALE stock.
ALE Feed
How to Buy Stock in Allete
To reiterate, here are the 6 steps you need to take to buy Allete stock right now:
- Figure out where to buy Allete stock
- Open a brokerage account
- Fund your brokerage account
- Evaluate Allete stock
- Place your ALE buy order
- Get updates on your ALE position
If you require a place to buy stocks, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to keep tabs on your new investment in Allete, click below.
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