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The price of Allete, Inc (NYSE: ALE) closed at $64.6 in the last session, up 0.16% from day before closing price of $64.5. In other words, the price has increased by $0.16 from its previous closing price. On the day, 0.63 million shares were traded. ALE stock price reached its highest trading level at $64.665 during the session, while it also had its lowest trading level at $64.44.
Ratios:
We take a closer look at ALE’s different ratios to gain a better understanding of the stock. 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 3749086720 and an Enterprise Value of 6194284544. As of this moment, Allete,’s Price-to-Earnings (P/E) ratio for their current fiscal year is 20.40, and their Forward P/E ratio for the next fiscal year is 16.19. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.45 while its Price-to-Book (P/B) ratio in mrq is 1.31. Its current Enterprise Value per Revenue stands at 4.042 whereas that against EBITDA is 13.82.
Stock Price History:
The Beta on a monthly basis for ALE is 0.82, which has changed by 0.022961259 over the last 52 weeks, in comparison to a change of 0.15624678 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 $63.00. The 50-Day Moving Average of the stock is -0.86%, while the 200-Day Moving Average is calculated to be -0.89%.
Shares Statistics:
According to the various share statistics, ALE traded on average about 533.97K shares per day over the past 3-months and 495900 shares per day over the past 10 days. A total of 58.00M shares are outstanding, with a floating share count of 57.73M. Insiders hold about 0.53% of the company’s shares, while institutions hold 75.96% stake in the company. Shares short for ALE as of 1753920000 were 1540661 with a Short Ratio of 2.89, compared to 1751241600 on 1056087. Therefore, it implies a Short% of Shares Outstanding of 1540661 and a Short% of Float of 3.55.
Dividends & Splits
The forward annual dividend rate for ALE is 2.90, which was 2.895 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.04488372The 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
The stock of Allete, Inc (ALE) is currently being evaluated by 1.0 analysts who are actively contributing to its market rating.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 $3.7 and $3.7 for the fiscal current year, implying an average EPS of $3.7. EPS for the following year is $4.08, with 3.0 analysts recommending between $4.26 and $3.92.
Revenue Estimates
A total of 1 analysts have provided revenue estimates for ALE’s current fiscal year. The highest revenue estimate was $1.59B, while the lowest revenue estimate was $1.59B, resulting in an average revenue estimate of $1.59B. 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.
