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 1,326 staff and has a trailing 12-month revenue of around 0.00.
How to buy shares in ALLETE
- Compare share trading platforms.Use our comparison table to help you find a platform that fits you.
- Open your brokerage account. Complete an application with your details.
- Confirm your payment details. Fund your account.
- Research the stock. Find the stock by name or ticker symbol – ALE – and research it before deciding if it's a good investment for you.
- Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
- Check in on your investment. Optimize your portfolio by tracking your stock.
What's in this guide?
ALLETE stock price (NYSE: ALE)Use our graph to track the performance of ALE stocks over time.
ALLETE shares at a glance
|Latest market close||$68.89|
|52-week range||$48.44 - $71.66|
|50-day moving average||$69.47|
|200-day moving average||$67.83|
|Wall St. target price||$71.20|
|Dividend yield||$2.482 (3.56%)|
|Earnings per share (TTM)||$3.06|
Buy ALLETE shares from these brokeragesCompare special offers, low fees and a wide range of types of investments among top trading platforms.
*Signup bonus information updated weekly.
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.
Is it a good time to buy ALLETE stock?
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.
ALLETE price performance over time
|1 week (2021-07-15)||N/A|
|1 month (2021-06-25)||-1.67%|
|3 months (2021-04-26)||-2.09%|
|6 months (2021-01-22)||N/A|
|1 year (2020-07-22)||N/A|
|2 years (2019-07-22)||N/A|
|3 years (2018-07-22)||N/A|
|5 years (2016-07-22)||N/A|
Is ALLETE under- or over-valued?
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 P/E ratio
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 PEG ratio
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 $362.2 million.
The EBITDA is a measure of a ALLETE's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||$1.2 billion|
|Operating margin TTM||11.75%|
|Gross profit TTM||$424.8 million|
|Return on assets TTM||1.48%|
|Return on equity TTM||5.38%|
|Market capitalisation||$3.6 billion|
TTM: trailing 12 months
Shorting ALLETE shares
There are currently 771,405 ALLETE shares held short by investors – that's known as ALLETE's "short interest". This figure is 15.1% down from 908,785 last month.
There are a few different ways that this level of interest in shorting ALLETE shares can be evaluated.
ALLETE's "short interest ratio" (SIR)
ALLETE's "short interest ratio" (SIR) is the quantity of ALLETE shares currently shorted divided by the average quantity of ALLETE shares traded daily (recently around 248040.19292605). ALLETE's SIR currently stands at 3.11. In other words for every 100,000 ALLETE shares traded daily on the market, roughly 3110 shares are currently held short.
However ALLETE's short interest can also be evaluated against the total number of ALLETE shares, or, against the total number of tradable ALLETE shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case ALLETE's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 ALLETE shares in existence, roughly 10 shares are currently held short) or 0.0148% of the tradable shares (for every 100,000 tradable ALLETE shares, roughly 15 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against ALLETE.
Find out more about how you can short ALLETE stock.
ALLETE share dividends
Dividend payout ratio: 77.48% of net profits
Recently ALLETE has paid out, on average, around 77.48% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 3.61% 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 3.61% return on their shares, in the form of dividend payments. In ALLETE's case, that would currently equate to about $2.482 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 31 May 2021. The latest dividend was paid out to all shareholders who bought their shares by 12 May 2021 (the "ex-dividend date").
Have ALLETE's shares ever split?
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.
ALLETE share price volatility
Over the last 12 months, ALLETE's shares have ranged in value from as little as $48.4426 up to $71.66. 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 0.4712. 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.
Stocks similar to ALLETE
ALLETE in the news
ALLETE, Inc.'s (NYSE:ALE) Stock's Been Going Strong: Could Weak Financials Mean The Market Will Correct Its Share Price?
ALLETE to Announce Second Quarter Financial Results August 4
ALLETE to Announce Second Quarter Financial Results August 4
Frequently asked questionsWhat percentage of ALLETE is owned by insiders or institutions?
Currently 0.52% of ALLETE shares are held by insiders and 75.562% by institutions. How many people work for ALLETE?
Latest data suggests 1,326 work at ALLETE. When does the fiscal year end for ALLETE?
ALLETE's fiscal year ends in December. Where is ALLETE based?
ALLETE's address is: 30 West Superior Street, Duluth, MN, United States, 55802-2093 What is ALLETE's ISIN number?
ALLETE's international securities identification number is: US0185223007 What is ALLETE's CUSIP number?
ALLETE's Committee on Uniform Securities Identification Procedures number is: 018522102
More guides on Finder
How to buy Clover Finance (CLV) in the US
This guide will show you step-by-step instructions on how to buy the Clover Finance (CLV) token as well as a list of exchanges you can trade it on.
How to buy AT-and-T (T) stock
Steps to owning and managing T, with 24-hour and historical pricing before you buy.
How to buy Hellenic Coin (HNC) in the US
This guide will show you step-by-step instructions on how to buy the Hellenic Coin (HNC) token as well as a list of exchanges you can trade it on.
How to buy Maro (MARO) in the US
This guide will show you step-by-step instructions on how to buy the Maro (MARO) token as well as a list of exchanges you can trade it on.
How to buy Ethernity Chain (ERN) in the US
This guide will show you step-by-step instructions on how to buy the Ethernity Chain (ERN) token as well as a list of exchanges you can trade it on.
How to buy Shopping.io (SPI) in the US
This guide will show you step-by-step instructions on how to buy the Shopping.io (SPI) token as well as a list of exchanges you can trade it on.
How to buy LUKSO Token (LYXE) in the US
This guide will show you step-by-step instructions on how to buy the LUKSO Token (LYXE) token as well as a list of exchanges you can trade it on.
How to buy KardiaChain (KAI) in the US
This guide will show you step-by-step instructions on how to buy the KardiaChain (KAI) token as well as a list of exchanges you can trade it on.
How to buy Neutrino USD (USDN) in the US
This guide will show you step-by-step instructions on how to buy the Neutrino USD (USDN) token as well as a list of exchanges you can trade it on.
How to buy Venus BTC (VBTC) in the US
This guide will show you step-by-step instructions on how to buy the Venus BTC (VBTC) token as well as a list of exchanges you can trade it on.
Ask an Expert