ALLETE INC (NYSE: ALE)

ALLETE INC

NYSE: ALE (Allete, Inc.)

Last update: 05 May, 9:05AM

64.27

3.43 (5.64%)

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Previous Close	60.84
Open	62.00
Volume	1,472,371
Avg. Volume (3M)	276,286
Market Cap	3,706,148,608

Price / Earnings (TTM)	14.95
Price / Earnings (Forward)	14.79
Price / Sales	2.40
Price / Book	1.31

52 Weeks Range	49.29 (-23%) — 65.86 (2%)
Earnings Date	9 May 2024
TTM Dividend Yield	3.25%

Market Trend

		Short Term	Medium Term
Industry	Utilities - Diversified (US)	Bearish	Mixed
	Utilities - Diversified (Global)	Mixed	Bullish
Stock	Allete, Inc.	Mixed	Bullish

Stockmoo Score

-1.3

Analyst Consensus	-2.0
Insider Activity	NA
Price Volatility	-4.5
Technical Moving Averages	-2.5
Technical Oscillators	4.0
Average	-1.25

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ALLETE Inc provides competitively-priced energy in America's Upper Midwest region and invests in transmission infrastructure and other energy-centric businesses. The company has two reportable segments. The first segment is Regulated Operations, which includes the company's regulated utilities, Minnesota Power and SWL&P, as well as its investment in ATC. ATC is a regulated utility based in Wisconsin that owns and maintains electric transmission assets in parts of Wisconsin, Michigan, Minnesota, and Illinois. The second segment is ALLETE Clean Energy, which focuses on developing, acquiring, and operating clean and renewable energy projects.
Sector	Utilities
Industry	Utilities - Diversified
Investment Style	Small Value
% Held by Insiders	0.27%
% Held by Institutions	77.12%

No data within this time range.

Date	Type	Details
04 Oct 2024	Announcement	ALLETE to Announce Third Quarter Financial Results October 30
23 Sep 2024	Announcement	Minnesota Power plans two large solar projects in northern Minnesota as part of its EnergyForward strategy for carbon-free energy
17 Sep 2024	Announcement	New Energy Equity achieves Gold Certification for advancements on DEIJ issues
21 Aug 2024	Announcement	ALLETE shareholders approve proposed transaction with Canada Pension Plan Investment Board and Global Infrastructure Partners
06 Aug 2024	Announcement	ALLETE applauds $700 million federal grant for Montana and North Plains Connector transmission project
01 Aug 2024	Announcement	ALLETE, Inc. reports second quarter 2024 earnings
25 Jul 2024	Announcement	CORRECTING and REPLACING ALLETE Board of Directors Declares Dividend on Common Stock
15 Jul 2024	Announcement	ALLETE to Announce Second Quarter Financial Results August 1

TTM Dividend Yield	3.25%
5Y Average Dividend Yield	3.83%
Payout Ratio	72.01%
Expected Next Dividend Payment	Mar 2025

Ex Date	Announcement Date	Payment Date	Details
14 May 2024	25 Apr 2024	01 Jun 2024	0.705 Cash
14 Feb 2024	26 Jan 2024	01 Mar 2024	0.705 Cash
14 Nov 2023	27 Oct 2023	01 Dec 2023	0.6775 Cash
14 Aug 2023	31 Jul 2023	01 Sep 2023	0.6775 Cash
12 May 2023	27 Apr 2023	01 Jun 2023	0.6775 Cash
14 Feb 2023	03 Feb 2023	01 Mar 2023	0.6775 Cash
14 Nov 2022	28 Oct 2022	01 Dec 2022	0.65 Cash
12 Aug 2022	28 Jul 2022	01 Sep 2022	0.65 Cash
13 May 2022	-	01 Jun 2022	0.65 Cash
14 Feb 2022	03 Feb 2022	01 Mar 2022	0.65 Cash
12 Nov 2021	29 Oct 2021	01 Dec 2021	0.63 Cash
13 Aug 2021	29 Jul 2021	01 Sep 2021	0.63 Cash
13 May 2021	29 Apr 2021	01 Jun 2021	0.63 Cash
12 Feb 2021	04 Feb 2021	01 Mar 2021	0.63 Cash
13 Nov 2020	30 Oct 2020	01 Dec 2020	0.6175 Cash
13 Aug 2020	30 Jul 2020	01 Sep 2020	0.6175 Cash
14 May 2020	30 Apr 2020	01 Jun 2020	0.6175 Cash
13 Feb 2020	31 Jan 2020	01 Mar 2020	0.6175 Cash
14 Nov 2019	24 Oct 2019	01 Dec 2019	0.5875 Cash
14 Aug 2019	25 Jul 2019	01 Sep 2019	0.5875 Cash
14 May 2019	25 Apr 2019	01 Jun 2019	0.5875 Cash
14 Feb 2019	02 Feb 2019	01 Mar 2019	0.5875 Cash
14 Nov 2018	26 Oct 2018	01 Dec 2018	0.56 Cash
14 Aug 2018	27 Jul 2018	01 Sep 2018	0.56 Cash
14 May 2018	25 Apr 2018	01 Jun 2018	0.56 Cash
14 Feb 2018	24 Jan 2018	01 Mar 2018	0.56 Cash
14 Nov 2017	25 Oct 2017	01 Dec 2017	0.535 Cash
11 Aug 2017	27 Jul 2017	01 Sep 2017	0.535 Cash
11 May 2017	26 Apr 2017	01 Jun 2017	0.535 Cash
13 Feb 2017	25 Jan 2017	01 Mar 2017	0.535 Cash
10 Nov 2016	28 Oct 2016	01 Dec 2016	0.52 Cash
11 Aug 2016	28 Jul 2016	01 Sep 2016	0.52 Cash
12 May 2016	21 Apr 2016	01 Jun 2016	0.52 Cash
11 Feb 2016	22 Jan 2016	01 Mar 2016	0.52 Cash
12 Nov 2015	02 Nov 2015	01 Dec 2015	0.505 Cash
12 Aug 2015	31 Jul 2015	01 Sep 2015	0.505 Cash
13 May 2015	30 Apr 2015	01 Jun 2015	0.505 Cash
11 Feb 2015	23 Jan 2015	01 Mar 2015	0.505 Cash
12 Nov 2014	30 Oct 2014	01 Dec 2014	0.49 Cash
13 Aug 2014	31 Jul 2014	01 Sep 2014	0.49 Cash
13 May 2014	01 May 2014	01 Jun 2014	0.49 Cash
12 Feb 2014	30 Jan 2014	01 Mar 2014	0.49 Cash
13 Nov 2013	28 Oct 2013	01 Dec 2013	0.475 Cash
13 Aug 2013	29 Jul 2013	01 Sep 2013	0.475 Cash
13 May 2013	01 May 2013	01 Jun 2013	0.475 Cash
13 Feb 2013	23 Jan 2013	01 Mar 2013	0.475 Cash
13 Nov 2012	29 Oct 2012	01 Dec 2012	0.46 Cash
13 Aug 2012	26 Jul 2012	01 Sep 2012	0.46 Cash
11 May 2012	26 Apr 2012	01 Jun 2012	0.46 Cash
13 Feb 2012	26 Jan 2012	01 Mar 2012	0.46 Cash
10 Nov 2011	31 Oct 2011	01 Dec 2011	0.445 Cash
11 Aug 2011	20 Jul 2011	01 Sep 2011	0.445 Cash
12 May 2011	20 Apr 2011	01 Jun 2011	0.445 Cash
11 Feb 2011	20 Jan 2011	01 Mar 2011	0.445 Cash
10 Nov 2010	20 Oct 2010	01 Dec 2010	0.44 Cash
12 Aug 2010	21 Jul 2010	01 Sep 2010	0.44 Cash
12 May 2010	21 Apr 2010	01 Jun 2010	0.44 Cash
10 Feb 2010	21 Jan 2010	01 Mar 2010	0.44 Cash
12 Nov 2009	22 Oct 2009	01 Dec 2009	0.44 Cash
12 Aug 2009	22 Jul 2009	01 Sep 2009	0.44 Cash
13 May 2009	23 Apr 2009	01 Jun 2009	0.44 Cash
11 Feb 2009	22 Jan 2009	01 Mar 2009	0.44 Cash
12 Nov 2008	24 Oct 2008	01 Dec 2008	0.43 Cash
13 Aug 2008	24 Jul 2008	01 Sep 2008	0.43 Cash
13 May 2008	24 Apr 2008	01 Jun 2008	0.43 Cash
13 Feb 2008	24 Jan 2008	01 Mar 2008	0.43 Cash
13 Nov 2007	18 Oct 2007	01 Dec 2007	0.41 Cash
13 Aug 2007	19 Jul 2007	01 Sep 2007	0.41 Cash
11 May 2007	27 Apr 2007	01 Jun 2007	0.41 Cash
13 Feb 2007	26 Jan 2007	01 Mar 2007	0.41 Cash
13 Nov 2006	30 Oct 2006	01 Dec 2006	0.3625 Cash
11 Aug 2006	28 Jul 2006	01 Sep 2006	0.3625 Cash
11 May 2006	27 Apr 2006	01 Jun 2006	0.3625 Cash
13 Feb 2006	26 Jan 2006	01 Mar 2006	0.3625 Cash
10 Nov 2005	28 Oct 2005	01 Dec 2005	0.315 Cash
11 Aug 2005	29 Jul 2005	01 Sep 2005	0.315 Cash
12 May 2005	29 Apr 2005	01 Jun 2005	0.315 Cash
11 Feb 2005	04 Feb 2005	01 Mar 2005	0.3 Cash
10 Nov 2004	22 Oct 2004	01 Dec 2004	0.3 Cash
12 Aug 2004	22 Jul 2004	01 Sep 2004	0.2825 Cash
12 May 2004	22 Apr 2004	01 Jun 2004	0.2825 Cash
11 Feb 2004	22 Jan 2004	01 Mar 2004	0.2825 Cash
12 Nov 2003	24 Oct 2003	01 Dec 2003	0.2825 Cash
13 Aug 2003	24 Jul 2003	01 Sep 2003	0.2825 Cash
13 May 2003	25 Apr 2003	01 Jun 2003	0.2825 Cash
12 Feb 2003	24 Jan 2003	01 Mar 2003	0.2825 Cash
13 Nov 2002	18 Oct 2002	01 Dec 2002	0.275 Cash
13 Aug 2002	19 Jul 2002	01 Sep 2002	0.275 Cash
13 May 2002	25 Apr 2002	01 Jun 2002	0.275 Cash
13 Feb 2002	24 Jan 2002	01 Mar 2002	0.275 Cash
13 Nov 2001	19 Oct 2001	01 Dec 2001	0.2675 Cash
13 Aug 2001	19 Jul 2001	01 Sep 2001	0.2675 Cash
11 May 2001	18 Apr 2001	01 Jun 2001	0.2675 Cash
13 Feb 2001	18 Jan 2001	01 Mar 2001	0.2675 Cash
13 Nov 2000	18 Oct 2000	01 Dec 2000	0.2675 Cash
11 Aug 2000	19 Jul 2000	01 Sep 2000	0.2675 Cash
11 May 2000	19 Apr 2000	01 Jun 2000	0.2675 Cash
11 Feb 2000	18 Jan 2000	01 Mar 2000	0.2675 Cash
10 Nov 1999	27 Oct 1999	01 Dec 1999	0.2675 Cash
12 Aug 1999	21 Jul 1999	01 Sep 1999	0.2675 Cash
12 May 1999	21 Apr 1999	01 Jun 1999	0.2675 Cash
11 Feb 1999	18 Jan 1999	01 Mar 1999	0.535 Cash
12 Nov 1998	28 Oct 1998	01 Dec 1998	0.51 Cash
12 Aug 1998	22 Jul 1998	01 Sep 1998	0.51 Cash
13 May 1998	22 Apr 1998	01 Jun 1998	0.51 Cash
11 Feb 1998	27 Jan 1998	01 Mar 1998	0.51 Cash
12 Nov 1997	29 Oct 1997	01 Dec 1997	0.51 Cash
13 Aug 1997	23 Jul 1997	01 Sep 1997	0.51 Cash
13 May 1997	23 Apr 1997	01 Jun 1997	0.51 Cash
12 Feb 1997	28 Jan 1997	01 Mar 1997	0.51 Cash
13 Nov 1996	23 Oct 1996	01 Dec 1996	0.51 Cash
13 Aug 1996	24 Jul 1996	01 Sep 1996	0.51 Cash
13 May 1996	24 Apr 1996	01 Jun 1996	0.51 Cash
13 Feb 1996	23 Jan 1996	01 Mar 1996	0.51 Cash
13 Nov 1995	25 Oct 1995	01 Dec 1995	0.51 Cash
11 Aug 1995	26 Jul 1995	01 Sep 1995	0.51 Cash
09 May 1995	26 Apr 1995	01 Jun 1995	0.51 Cash
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Annual Dividend Yield

Year	Annual Dividend ($)	Frequency/Year	Yield %
2024	1.41	2	2.19
2023	2.71	4	4.43
2022	2.60	4	4.03
2021	2.52	4	3.80
2020	2.47	4	3.99
2019	2.35	4	2.90
2018	2.24	4	2.94
2017	2.14	4	2.88
2016	2.08	4	3.24
2015	2.02	4	3.97
2014	1.96	4	3.56
2013	1.90	4	3.81
2012	1.84	4	4.49
2011	1.78	4	4.24
2010	1.76	4	4.72
2009	1.76	4	5.39
2008	1.72	4	5.33
2007	1.64	4	4.14
2006	1.45	4	3.12
2005	1.25	4	2.83
2004	1.15	4	3.12
2003	1.13	4	1.23
2002	1.10	4	1.62
2001	1.07	4	1.42
2000	1.07	4	1.44
1999	1.34	4	2.63
1998	2.04	4	3.09
1997	2.04	4	3.12
1996	2.04	4	4.95
1995	1.53	3	3.60
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The support, resistance and trendline levels presented has been generated by an artificial intelligence (AI) model and should be interpreted with caution.

Portfolio

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Entry Price (EP)

Take Profit 1 (TP1)

Take Profit 2 (TP2)

Stop Loss (SL)

Realized Profit	-
Unrealized Profit	-
Dividend Received 2024	-
Total Profit	-
Avg. Return	-
Quantity (Buy)	-
Avg. Price (Buy)	-
Quantity (Sold)	-
Avg. Price (Sold)	-

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Profit Margin	14.36%
Operating Margin (TTM)	9.34%
Diluted EPS (TTM)	3.84
Quarterly Revenue Growth (YOY)	-33.50%
Quarterly Earnings Growth (YOY)	-35.90%

Total Debt/Equity (MRQ)	53.06%
Current Ratio (MRQ)	1.45
Operating Cash Flow (TTM)	430.20 M
Levered Free Cash Flow (TTM)	33.36 M

Return on Assets (TTM)	1.60%
Return on Equity (TTM)	4.65%

Margin of Safety (EP)
Partial Profit (TP1)
Target Profit (TP2)
Maximum Loss (SL)