Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
In the latest session, Allete, Inc (NYSE: ALE) closed at $66.27 up 0.91% from its previous closing price of $65.67. In other words, the price has increased by $0.91 from its previous closing price. On the day, 0.87 million shares were traded. ALE stock price reached its highest trading level at $66.27 during the session, while it also had its lowest trading level at $65.79.
Ratios:
For a deeper understanding of Allete, Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.81 and its Current Ratio is at 1.34. In the meantime, Its Debt-to-Equity ratio is 0.70 whereas as Long-Term Debt/Eq ratio is at 0.68.
On January 10, 2024, Sidoti Downgraded its rating to Neutral which previously was Buy but kept the price unchanged to $64.
BofA Securities Downgraded its Neutral to Underperform on June 27, 2023, whereas the target price for the stock was revised from $63 to $54.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ALE now has a Market Capitalization of 3846003456 and an Enterprise Value of 6291203584. As of this moment, Allete,’s Price-to-Earnings (P/E) ratio for their current fiscal year is 20.93, and their Forward P/E ratio for the next fiscal year is 16.24. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.51 while its Price-to-Book (P/B) ratio in mrq is 1.34. Its current Enterprise Value per Revenue stands at 4.105 whereas that against EBITDA is 14.037.
Stock Price History:
The Beta on a monthly basis for ALE is 0.81, which has changed by 0.032403827 over the last 52 weeks, in comparison to a change of 0.1529237 over the same period for the S&P500. Over the past 52 weeks, ALE has reached a high of $66.46, while it has fallen to a 52-week low of $62.38. The 50-Day Moving Average of the stock is 2.27%, while the 200-Day Moving Average is calculated to be 1.81%.
Shares Statistics:
For the past three months, ALE has traded an average of 627.86K shares per day and 790040 over the past ten days. A total of 58.00M shares are outstanding, with a floating share count of 57.74M. Insiders hold about 0.51% of the company’s shares, while institutions hold 75.73% stake in the company. Shares short for ALE as of 1757894400 were 867994 with a Short Ratio of 1.38, compared to 1755216000 on 1309970. Therefore, it implies a Short% of Shares Outstanding of 867994 and a Short% of Float of 1.9900000000000002.
Dividends & Splits
According to the company, the forward annual dividend rate for ALE is 2.90, from 2.895 in the trailing year. Against a Trailing Annual Dividend Yield of 0.044084057. The stock’s 5-year Average Dividend Yield is 4.3. . The current Payout Ratio is 90.91% for ALE, which recently paid a dividend on 2025-08-15 with an ex-dividend date of 2025-08-15. Stock splits for the company last occurred on 2004-09-21 when the company split stock in a 1:3 ratio.
Earnings Estimates
Allete, Inc (ALE) is presently subject to a detailed evaluation by 1.0 analysts, each offering their unique perspectives on its market standing.The consensus estimate for the next quarter is $0.95, with high estimates of $0.95 and low estimates of $0.95.
Analysts are recommending an EPS of between $4.02 and $3.7 for the fiscal current year, implying an average EPS of $3.86. EPS for the following year is $4.08, with 3.0 analysts recommending between $4.26 and $3.92.
Revenue Estimates
A total of 2 analysts have provided revenue estimates for ALE’s current fiscal year. The highest revenue estimate was $1.97B, while the lowest revenue estimate was $1.59B, resulting in an average revenue estimate of $1.78B. In the same quarter a year ago, actual revenue was $1.53BBased on 2 analysts’ estimates, the company’s revenue will be $1.87B in the next fiscal year. The high estimate is $2.02B and the low estimate is $1.72B.
