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ALLETE Inc is an utilities-diversified business based in the US. ALLETE shares (ALE) are listed on the NYSE and all prices are listed in US Dollars. ALLETE employs 1,341 staff and has a trailing 12-month revenue of around 0.00.
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| Latest market close | $63.72 |
|---|---|
| 52-week range | $56.29 - $71.76 |
| 50-day moving average | $64.05 |
| 200-day moving average | $66.63 |
| Wall St. target price | $69.83 |
| PE ratio | 22.3599 |
| Dividend yield | $2.507 (3.83%) |
| Earnings per share (TTM) | $2.95 |
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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
Historical closes compared with the close of $63.72 from 2022-01-21
| 1 week (2022-01-14) | -3.23% |
|---|---|
| 1 month (2021-12-22) | -1.18% |
| 3 months (2021-10-22) | 3.34% |
| 6 months (2021-07-22) | -7.10% |
| 1 year (2021-01-22) | -3.03% |
|---|---|
| 2 years (2020-01-22) | -23.68% |
| 3 years (2019-01-22) | 75.04 |
| 5 years (2017-01-20) | 1.59% |
Valuing ALLETE stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of ALLETE's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
ALLETE's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 22x. In other words, ALLETE shares trade at around 22x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
ALLETE's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 4.71. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into ALLETE's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
ALLETE's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $372.9 million.
The EBITDA is a measure of a ALLETE's overall financial performance and is widely used to measure a its profitability.
| Revenue TTM | $1.3 billion |
|---|---|
| Operating margin TTM | 10.76% |
| Gross profit TTM | $424.8 million |
| Return on assets TTM | 1.48% |
| Return on equity TTM | 4.93% |
| Profit margin | 11.52% |
| Book value | $44.51 |
| Market capitalisation | $3.5 billion |
TTM: trailing 12 months
Dividend payout ratio: 85.42% of net profits
Recently ALLETE has paid out, on average, around 85.42% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 3.83% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), ALLETE shareholders could enjoy a 3.83% return on their shares, in the form of dividend payments. In ALLETE's case, that would currently equate to about $2.507 per share.
ALLETE's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.
ALLETE's most recent dividend payout was on 30 November 2021. The latest dividend was paid out to all shareholders who bought their shares by 11 November 2021 (the "ex-dividend date").
ALLETE's shares were split on a 1:3 basis on 20 September 2004. So if you had owned 3 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your ALLETE shares – just the quantity. However, indirectly, the new 200% higher share price could have impacted the market appetite for ALLETE shares which in turn could have impacted ALLETE's share price.
Over the last 12 months, ALLETE's shares have ranged in value from as little as $56.2923 up to $71.7579. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while ALLETE's is 0.559. This would suggest that ALLETE's shares are less volatile than average (for this exchange).
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. 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 145,000 retail customers and 15 non-affiliated municipal customers. It also owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illinois. In addition, the company focuses on developing, acquiring, and operating clean and renewable energy projects; and owns and operates approximately 1,000 megawatts of wind energy generation facility.
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