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NYSE: ALE
Allete Inc Stock

$61.35-0.38 (-0.62%)
Updated Dec 8, 2023
ALE Price
$61.35
Fair Value Price
N/A
Market Cap
$3.53B
52 Week Low
$49.29
52 Week High
$66.93
P/E
14.2x
P/B
1.27x
P/S
1.59x
PEG
61.49x
Dividend Yield
4.42%
Revenue
$1.90B
Earnings
$247.30M
Gross Margin
22.1%
Operating Margin
17.69%
Profit Margin
13%
Debt to Equity
1.17
Operating Cash Flow
$660M
Beta
0.81
Next Earnings
N/A
Ex-Dividend
N/A
Next Dividend
N/A

ALE Overview

ALLETE, Inc. is a clean-energy company that owns, operates, and develops wind energy generation facilities. The company serves regulated utilities. It has a position in ATC, a Wisconsin-based regulated utility that owns and maintains electric transmission assets across the U.S. Allete also operates non-wind clean and renewable energy projects. Allete was incorporated in 1906 and is headquartered in Duluth, MN.

Zen Score

–
Industry Average (39)
You've viewed Zen Score for 10/10 free stocks. Upgrade to Premium to see how ALE scored across 38 valuation, financial, forecast, performance, and dividend due diligence checks.

Due Diligence Checks

ALE ($61.35) is trading above its intrinsic value of $23.43, according to an updated version of Benjamin Graham's Formula from Chapter 11 of "The Intelligent Investor"
Below Benjamin Graham Formula Value Valuation
ALE is good value based on its earnings relative to its share price (14.2x), compared to the US market average (31.32x)
P/E vs Market Valuation
ALE is good value based... subscribe to Premium to read more.
P/E vs Industry Valuation
There are 35 more ALE due diligence checks available for Premium users.

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ALE News

Valuation

ALE price to earnings (PE)

For valuing profitable companies with steady earnings
Company
14.2x
Industry
21.92x
Market
31.32x
ALE is good value based... subscribe to Premium to read more.
P/E vs Industry Valuation
ALE is good value based... subscribe to Premium to read more.
P/E vs Market Valuation

ALE price to book (PB)

For valuing companies that are loss-making or have lots of physical asset
Company
1.27x
Industry
1.61x
ALE is good value based... subscribe to Premium to read more.
P/B vs Industry Valuation

ALE price to earnings growth (PEG)

For valuing profitable companies with growth potential
ALE is poor value relative... subscribe to Premium to read more.
PEG Value Valuation

ALE's financial health

Profit margin

Revenue
$378.8M
Net Income
$85.9M
Profit Margin
22.7%
ALE's Earnings (EBIT) of $336.70M... subscribe to Premium to read more.
Interest Coverage Financials
ALE's profit margin has increased... subscribe to Premium to read more.
Profit Margin Growth Financials

Assets to liabilities

Assets
$6.6B
Liabilities
$3.2B
Debt to equity
1.17
ALE's short-term assets ($503.20M) exceed... subscribe to Premium to read more.
Short-term Liabilities Financials
ALE's long-term liabilities ($2.83B) exceed... subscribe to Premium to read more.
Long-term Liabilities Financials
ALE's debt relative to shareholder... subscribe to Premium to read more.
Shrinking Debt Financials
ALE's debt to equity ratio... subscribe to Premium to read more.
Healthy Debt to Equity Financials

Cash flow

Operating
$188.4M
Investing
-$69.3M
Financing
-$39.0M
ALE's operating cash flow ($660.10M)... subscribe to Premium to read more.
Debt Coverage Financials

ALE vs Diversified Utility Stocks

TickerMarket Cap1d %P/EP/B
ALE$3.53B-0.62%14.20x1.27x
BKH$3.68B+0.04%14.02x1.16x
NWE$3.18B-0.27%17.23x1.16x
OTTR$3.17B-0.59%11.35x2.26x
AVA$2.72B-0.06%15.83x1.13x

Allete Stock FAQ

What is Allete's quote symbol?

(NYSE: ALE) Allete trades on the NYSE under the ticker symbol ALE. Allete stock quotes can also be displayed as NYSE: ALE.

If you're new to stock investing, here's how to buy Allete stock.

What is the 52 week high and low for Allete (NYSE: ALE)?

(NYSE: ALE) Allete's 52-week high was $66.93, and its 52-week low was $49.29. It is currently -8.33% from its 52-week high and 24.47% from its 52-week low.

How much is Allete stock worth today?

(NYSE: ALE) Allete currently has 57,477,405 outstanding shares. With Allete stock trading at $61.35 per share, the total value of Allete stock (market capitalization) is $3.53B.

Allete stock was originally listed at a price of $21.78 in Dec 31, 1997. If you had invested in Allete stock at $21.78, your return over the last 25 years would have been 181.68%, for an annualized return of 4.23% (not including any dividends or dividend reinvestments).

How much is Allete's stock price per share?

(NYSE: ALE) Allete stock price per share is $61.35 today (as of Dec 8, 2023).

What is Allete's Market Cap?

(NYSE: ALE) Allete's market cap is $3.53B, as of Dec 11, 2023.

Market cap (market capitalization) is the total market value of a publicly traded company's outstanding shares.

Allete's market cap is calculated by multiplying ALE's current stock price of $61.35 by ALE's total outstanding shares of 57,477,405.
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