Allete Inc
$ 67.90
0.00%
11 Feb - close price
- Market Cap 3,944,881,000 USD
- Current Price $ 67.90
- High / Low $ 67.90 / 67.90
- Stock P/E 23.82
- Book Value 49.09
- EPS 2.85
- Next Earning Report 2026-02-12
- Dividend Per Share $2.90
- Dividend Yield 4.26 %
- Next Dividend Date -
- ROA 0.01 %
- ROE 0.03 %
- 52 Week High 67.99
- 52 Week Low 62.38
About
ALLETE, Inc. is an energy company. The company is headquartered in Duluth, Minnesota.
Analyst Target Price
$67.00
Quarterly Earnings
| Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Reported Date | 2025-11-05 | 2025-08-07 | 2025-05-08 | 2025-02-18 | 2024-10-30 | 2024-08-01 | 2024-05-09 | 2024-02-20 | 2023-11-02 | 2023-08-08 | 2023-05-03 | 2023-02-16 |
| Reported EPS | 0.46 | 0.55 | 0.97 | 0.87 | 0.78 | 0.57 | 0.88 | 0.89 | 1.49 | 0.9 | 1.02 | 0.88 |
| Estimated EPS | 0.8 | 0.85 | 1.01 | 1.0774 | 0.93 | 0.88 | 1.02 | 0.97 | 0.65 | 0.8 | 1.18 | 1.15 |
| Surprise | -0.34 | -0.3 | -0.04 | -0.2074 | -0.15 | -0.31 | -0.14 | -0.08 | 0.84 | 0.1 | -0.16 | -0.27 |
| Surprise Percentage | -42.5% | -35.2941% | -3.9604% | -19.25% | -16.129% | -35.2273% | -13.7255% | -8.2474% | 129.2308% | 12.5% | -13.5593% | -23.4783% |
Next Quarterly Earnings
| Dec 2025 | |
|---|---|
| Reported Date | 2026-02-12 |
| Fiscal Date Ending | 2025-12-31 |
| Estimated EPS | 0.95 |
| Currency | USD |
Previous Dividend Records
| Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Payment Date | 2025-09-01 | 2025-06-01 | 2025-03-01 | 2024-12-01 | 2024-09-01 | 2024-06-01 | 2024-03-01 | 2023-12-01 | 2023-09-01 | 2023-06-01 |
| Amount | $0.73 | $0.73 | $0.73 | $0.705 | $0.705 | $0.705 | $0.705 | $0.6775 | $0.6775 | $0.6775 |
Next Dividend Records
| Dividend per share (year): | - |
| Dividend Yield | - |
| Next Dividend Date | - |
| Ex-Dividend Date | - |
Recent News: ALE
2026-02-04 20:59:42
A judge has scheduled a two-week trial for November 16 in the lawsuit filed by Palm Coast Holdings, an Allete subsidiary, against the city of Palm Coast. The lawsuit alleges that the city failed to guarantee water and sewer services, hindering land sales in Town Center. The city, however, refutes these claims, stating that current developments in Town Center are proceeding with utilities.
2026-02-03 01:29:26
ALLETE Inc (ALE) is presented as a quiet yet potentially valuable utility stock for long-term investors. The article highlights its steady regulated utility core, increasing focus on renewable and clean energy, and consistent dividend payments. It suggests ALE is not a speculative, high-growth stock but rather a stable foundation for a diversified portfolio, especially appealing to income-focused and climate-conscious investors.
2026-01-21 16:13:00
A recent acquisition of Minnesota Power by a BlackRock subsidiary and the Canada Pension Plan Investment Board marks a significant shift towards private equity ownership in the American energy sector. This move raises concerns about potential rate hikes, declining service quality, and increased debt for utility companies, especially as private equity firms eye opportunities related to data centers and AI. Experts argue that this trend will exacerbate power imbalances and reduce transparency, making effective regulation more challenging for public utilities commissions.
2026-01-07 12:13:26
Minnesota Power has withdrawn from the Nemadji Trail Energy Center (NTEC) project, terminating its agreement to purchase electricity from the planned 550 MW natural gas plant in Superior, WI. The decision was influenced by ongoing legal delays surrounding the project. This move signals a reassessment of the utility's gas-backed capacity strategy, though the need for dispatchable generation remains.
2026-01-07 12:11:51
Minnesota Power has terminated its agreement to purchase electricity from the proposed 550 MW Nemadji Trail Energy Center (NTEC) in Superior, WI, effectively ending its involvement in the natural gas plant project. This decision comes amidst ongoing legal challenges that have clouded the project's future. The utility will now reassess its strategy for gas-backed capacity, while its need for dispatchable generation remains unchanged.
2026-01-07 03:09:36
ALLETE's stock, symbol ALE, is experiencing a cautious downtrend despite quiet headlines, indicating a market re-evaluation of the regional power player. The company, a regulated utility with a focus on renewables, faces pressure from rising interest rates and muted growth expectations, leading to a 15% capital loss for investors over the past year. Wall Street analysts generally hold a "Hold" rating, suggesting the stock's future hinges on interest rate movements, strategic project execution, and its ability to secure favorable rate cases to justify its valuation.
