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After finishing at $64.30 in the prior trading day, Allete, Inc (NYSE: ALE) closed at $64.01, down -0.45%. In other words, the price has decreased by -$0.45 from its previous closing price. On the day, 0.36 million shares were traded. ALE stock price reached its highest trading level at $64.35 during the session, while it also had its lowest trading level at $64.04.
Ratios:
Our goal is to gain a better understanding of ALE by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 40.34 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 63.44. For the most recent quarter (mrq), Quick Ratio is recorded 0.81 and its Current Ratio is at 1.26. In the meantime, Its Debt-to-Equity ratio is 0.67 whereas as Long-Term Debt/Eq ratio is at 0.64.
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 3727072000 and an Enterprise Value of 6068063744. As of this moment, Allete,’s Price-to-Earnings (P/E) ratio for their current fiscal year is 20.08, and their Forward P/E ratio for the next fiscal year is 15.18. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.96. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.43 while its Price-to-Book (P/B) ratio in mrq is 1.30. Its current Enterprise Value per Revenue stands at 3.975 whereas that against EBITDA is 13.345.
Stock Price History:
The Beta on a monthly basis for ALE is 0.78, which has changed by 0.020079732 over the last 52 weeks, in comparison to a change of 0.092761636 over the same period for the S&P500. Over the past 52 weeks, ALE has reached a high of $66.40, while it has fallen to a 52-week low of $61.51. The 50-Day Moving Average of the stock is -1.70%, while the 200-Day Moving Average is calculated to be -1.38%.
Shares Statistics:
The stock has traded on average 359.72K shares per day over the past 3-months and 361740 shares per day over the last 10 days, according to various share statistics. A total of 58.00M shares are outstanding, with a floating share count of 57.67M. Insiders hold about 0.54% of the company’s shares, while institutions hold 73.59% stake in the company. Shares short for ALE as of 1748563200 were 1041245 with a Short Ratio of 2.89, compared to 1745971200 on 1119949. Therefore, it implies a Short% of Shares Outstanding of 1041245 and a Short% of Float of 2.4.
Dividends & Splits
In the trailing 12 months, ALE’s forward annual dividend rate was 2.87, compared to 2.87 this year. Against a Trailing Annual Dividend Yield of 0.04463452The stock’s 5-year Average Dividend Yield is 4.29. The current Payout Ratio is 90.91% for ALE, which recently paid a dividend on 2025-05-15 with an ex-dividend date of 1747267200. Stock splits for the company last occurred on 2004-09-21 when the company split stock in a 1:3 ratio.
