ALE - ALLETE Inc Stock Price, Fair Value and News

57.89USD+0.49 (+0.85%)Market Closed

Market Summary

USD57.89+0.49

Market Closed

0.85%

ALE Stock Price

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ALE RSI Chart

ALE Valuation

Market Cap

3.3B

Price/Earnings (Trailing)

13.49

Price/Sales (Trailing)

1.77

EV/EBITDA

9.16

Price/Free Cashflow

10.61

ALE Price/Sales (Trailing)

ALE Profitability

EBT Margin

11.00%

Return on Equity

8.79%

Return on Assets

3.71%

Free Cashflow Yield

9.42%

ALE Fundamentals

ALE Revenue

Revenue (TTM)

1.9B

Rev. Growth (Yr)

-5.43%

Rev. Growth (Qtr)

6.31%

ALE Earnings

Earnings (TTM)

247.1M

Earnings Growth (Yr)

-0.39%

Earnings Growth (Qtr)

-40.05%

Breaking Down ALE Revenue

Last 7 days

-1.6%

Last 30 days

0.0%

Last 90 days

-1.4%

Trailing 12 Months

-9.2%

How does ALE drawdown profile look like?

ALE Financial Health

Current Ratio

1.24

Debt/Equity

0.6

Debt/Cashflow

0.35

ALE Investor Care

Dividend Yield

4.68%

Dividend/Share (TTM)

2.71

Shares Dilution (1Y)

0.57%

Diluted EPS (TTM)

4.3

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2023	1.8B	1.9B	1.9B	1.9B
2022	1.5B	1.5B	1.5B	1.6B
2021	1.2B	1.3B	1.3B	1.4B
2020	1.2B	1.1B	1.2B	1.2B
2019	1.5B	1.4B	1.4B	1.2B
2018	1.4B	1.4B	1.4B	1.5B
2017	1.4B	1.4B	1.4B	1.4B
2016	1.5B	1.5B	1.4B	1.3B
2015	1.2B	1.2B	1.4B	1.5B
2014	1.1B	1.1B	1.1B	1.1B
2013	985.0M	1.0B	1.0B	1.0B
2012	926.0M	922.5M	944.4M	961.2M
2011	915.6M	924.3M	927.1M	928.2M
2010	793.1M	839.6M	884.9M	907.0M
2009	0	787.0M	773.1M	759.1M
2008	0	0	0	801.0M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

Try For Just $1.99

Tracking the Latest Insider Buys and Sells of ALLETE Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Feb 07, 2024	skelton joshua john	acquired	-	-	1,801	vp; coo-minnesota power
Feb 07, 2024	johnson nicole renee	acquired	-	-	4,031	vp; pres.- ace
Feb 07, 2024	johnson nicole renee	sold (taxes)	-121,965	58.2	-2,095	vp; pres.- ace
Feb 07, 2024	morris steven wayne	sold (taxes)	-106,096	58.2	-1,822	sr vp & cfo
Feb 07, 2024	skelton joshua john	sold (taxes)	-62,987	58.2	-1,082	vp; coo-minnesota power
Feb 07, 2024	morris steven wayne	acquired	-	-	3,526	sr vp & cfo
Feb 07, 2024	thickens margaret a	acquired	-	-	3,526	vp, ch. legal ofcr & secretary
Feb 07, 2024	thickens margaret a	sold (taxes)	-106,278	58.2	-1,826	vp, ch. legal ofcr & secretary
Feb 07, 2024	owen bethany m	sold (taxes)	-405,035	58.2	-6,959	chair, president & ceo
Feb 07, 2024	cutshall patrick l	acquired	-	-	3,526	vp & treasurer

Which funds bought or sold ALE recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 16, 2024	Norwood Financial Corp	unchanged	-	-380	14,907	0.02%
Apr 16, 2024	Pinnacle Bancorp, Inc.	unchanged	-	-304	11,928	-%
Apr 16, 2024	Krane Funds Advisors LLC	reduced	-5.4	-31,935	426,704	0.02%
Apr 16, 2024	Financial Management Professionals, Inc.	unchanged	-	-	-	-%
Apr 15, 2024	JANICZEK WEALTH MANAGEMENT, LLC	added	17.9	4,809	36,918	0.01%
Apr 15, 2024	EXCHANGE TRADED CONCEPTS, LLC	added	0.91	-10,489	646,736	0.02%
Apr 15, 2024	WEALTH ENHANCEMENT ADVISORY SERVICES, LLC	reduced	-1.6	-14,681	348,041	-%
Apr 12, 2024	AdvisorNet Financial, Inc	reduced	-51.07	-88,400	80,677	0.01%
Apr 12, 2024	Perkins Coie Trust Co	unchanged	-	-58.00	2,265	-%
Apr 12, 2024	Westend Capital Management, LLC	sold off	-	-	-	-%

Are Funds Buying or Selling ALE?

Are funds buying ALE calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own ALE

No. of Funds

Unveiling ALLETE Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	11.45%	6,579,504	SC 13G/A
Jan 23, 2024	blackrock inc.	13.5%	7,786,833	SC 13G/A
Feb 09, 2023	vanguard group inc	10.86%	6,208,467	SC 13G/A
Jan 26, 2023	blackrock inc.	12.7%	7,254,952	SC 13G/A
Jan 20, 2023	blackrock inc.	12.7%	7,254,952	SC 13G/A
Feb 09, 2022	vanguard group inc	10.31%	5,422,778	SC 13G/A
Jan 27, 2022	blackrock inc.	11.9%	6,247,501	SC 13G/A
Jan 25, 2022	blackrock inc.	11.9%	6,247,501	SC 13G/A
Apr 12, 2021	vanguard group inc	10.01%	5,222,183	SC 13G/A
Feb 10, 2021	vanguard group inc	9.88%	5,137,182	SC 13G/A

Recent SEC filings of ALLETE Inc

View All Filings

Date Filed	Form Type	Document
Mar 28, 2024	ARS	ARS
Mar 28, 2024	DEF 14A	DEF 14A
Mar 28, 2024	DEFA14A	DEFA14A
Mar 20, 2024	8-K	Current Report
Feb 20, 2024	10-K	Annual Report
Feb 20, 2024	8-K	Current Report
Feb 20, 2024	8-K/A	Current Report
Feb 13, 2024	SC 13G/A	Major Ownership Report
Feb 09, 2024	4	Insider Trading
Feb 09, 2024	4	Insider Trading

Peers (Alternatives to ALLETE Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AEP	42.2B	19.0B	-1.10%	-12.12%	19.06	2.22	-3.35%	-4.03%
AWK	22.5B	4.2B	-1.58%	-22.09%	23.8	5.31	11.66%	15.12%
AEE	19.2B	7.5B	-0.06%	-18.53%	16.56	2.55	-5.74%	7.23%
ATO	17.3B	3.9B	-0.72%	0.86%	18.68	4.38	-15.47%	16.09%
NRG	15.3B	28.8B	12.98%	111.89%	-75.63	0.53	-8.62%	-116.54%
AGR	13.9B	8.3B	0.95%	-10.60%	17.72	1.68	4.87%	-10.78%
AES	11.5B	12.7B	8.47%	-32.93%	57.46	0.9	0.40%	141.39%
CPK	2.2B	670.6M	-1.74%	-21.44%	25.69	3.34	-1.48%	-2.88%
MID-CAP
PNW	8.2B	4.7B	-0.12%	-8.88%	15.74	1.74	8.59%	3.59%
ALE	3.3B	1.9B	0.03%	-9.16%	13.49	1.77	19.68%	30.53%
AVA	2.6B	1.7B	0.42%	-22.65%	15.41	1.51	2.36%	10.31%
SMALL-CAP
CWCO	377.0M	180.2M	-12.54%	38.48%	12.68	2.09	91.50%	388.02%
CDZI	144.9M	2.0M	-12.20%	-50.06%	-4.61	72.07	33.96%	-26.84%
VIA	34.7M	436.8M	-1.10%	-38.11%	2.32	0.08	-5.23%	97.61%
CREG	9.3M	-	-7.14%	-24.03%	-12.48	12.3	-88.45%	83.25%

ALLETE Inc News

Latest updates

ALLETE Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	6.3%	403	379	533	565	426	388	373	384	399	345	336	339	320	294	243	312	305	288	290	357	448
Costs and Expenses	4.9%	360	343	480	517	392	355	359	330	349	314	307	297	297	252	231	251	255	251	254	300	384
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	63.00	58.00	67.00	76.00	87.00
EBITDA Margin	4.3%	0.29*	0.28*	0.23*	0.24*	0.27*	0.28*	0.28*	0.29*	0.29*	0.29*	0.31*	0.32*	0.34*	0.36*	0.35*	0.35*	0.36*	0.33*	0.32*	-	-
Interest Expenses	-2.9%	20.00	21.00	21.00	19.00	20.00	18.00	19.00	18.00	17.00	17.00	17.00	17.00	18.00	16.00	16.00	16.00	16.00	16.00	16.00	17.00	16.00
Income Taxes	-61.1%	8.00	19.00	-0.40	2.00	-11.80	-7.20	-8.30	-3.90	-7.60	-4.90	-4.00	-10.40	-15.60	-5.50	-8.50	-13.80	-2.30	-2.40	-4.80	3.00	-6.80
Earnings Before Taxes	-56.7%	39.00	89.00	40.00	39.00	25.00	20.00	13.00	43.00	41.00	19.00	18.00	33.00	17.00	33.00	8.00	51.00	47.00	29.00	29.00	73.00	54.00
EBT Margin	8.1%	0.11*	0.10*	0.07*	0.06*	0.06*	0.07*	0.08*	0.08*	0.08*	0.06*	0.08*	0.08*	0.09*	0.12*	0.12*	0.13*	0.14*	0.13*	0.13*	-	-
Net Income	-40.0%	52.00	86.00	52.00	58.00	52.00	34.00	38.00	66.00	62.00	28.00	28.00	52.00	38.00	41.00	20.00	66.00	50.00	31.00	34.00	71.00	61.00
Net Income Margin	1.1%	0.13*	0.13*	0.10*	0.10*	0.12*	0.13*	0.13*	0.13*	0.12*	0.11*	0.12*	0.13*	0.14*	0.15*	0.15*	0.15*	0.15*	0.14*	0.14*	-	-
Free Cashflow	-117.5%	-21.80	125	189	22.00	73.00	26.00	-35.70	-62.50	-40.90	13.00	-141	-45.90	-126	-22.30	-210	-66.10	-105	-104	-130	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	0.2%	6,656	6,645	6,568	6,705	6,846	6,858	6,839	6,556	6,422	6,332	6,293	6,275	6,085	5,879	5,760	5,620	5,483	5,276	5,177	5,219	5,165
Current Assets	-7.0%	468	503	446	570	718	722	660	481	291	279	279	378	255	265	223	275	270	296	397	556	334
Cash Equivalents	-42.7%	72.00	126	48.00	30.00	36.00	42.00	75.00	4.00	45.00	59.00	63.00	159	65.00	79.00	26.00	67.00	93.00	100	203	353	79.00
Inventory	-2.7%	175	180	194	347	456	472	356	197	98.00	90.00	88.00	74.00	74.00	75.00	82.00	79.00	73.00	85.00	78.00	74.00	87.00
Net PPE	0.3%	5,013	4,997	4,974	4,979	5,004	5,011	5,027	5,078	5,088	5,053	5,022	4,931	4,841	4,698	4,645	4,496	4,377	4,211	4,063	3,941	3,904
Liabilities	0.0%	3,249	3,248	3,199	3,347	3,497	3,504	3,480	3,413	3,485	3,478	3,451	3,428	3,284	3,433	3,328	3,247	3,147	3,068	2,972	3,020	3,009
Current Liabilities	-8.7%	378	414	380	464	716	706	709	557	543	646	596	575	460	630	728	623	507	483	297	322	405
Long Term Debt	-0.4%	1,680	1,686	1,686	1,756	1,648	1,653	1,596	1,669	1,763	1,649	1,665	1,652	1,593	1,608	1,381	1,400	1,401	1,405	1,506	1,525	1,429
LT Debt, Current	0.4%	111	111	107	176	273	309	391	278	214	377	363	299	204	405	510	323	213	213	28.00	14.00	58.00
LT Debt, Non Current	-0.4%	1,680	1,686	1,686	1,756	1,648	1,653	1,596	1,669	1,763	1,649	1,665	1,652	1,593	1,608	1,381	1,400	1,401	1,405	1,506	1,525	1,429
Shareholder's Equity	0.8%	2,810	2,787	967	642	2,692	3,354	3,359	932	2,938	2,855	2,842	884	506	2,446	2,432	853	2,336	2,208	799	2,199	755
Retained Earnings	1.2%	1,026	1,014	967	954	935	929	933	932	891	873	879	884	865	850	841	853	819	800	799	795	755
Shares Outstanding	0.2%	58.00	58.00	57.00	57.00	57.00	57.00	55.00	53.00	52.00	52.00	52.00	52.00	52.00	52.00	52.00	52.00	52.00	52.00	52.00	-	-
Minority Interest	-2.1%	597	610	634	642	656	671	679	694	533	515	519	526	506	165	167	102	104	-	-	-	-
Float	-	-	-	3,321	-	-	-	3,350	-	-	-	3,650	-	-	-	2,825	-	-	-	4,285	-	-

Cashflow (Last 12 Months)

(In Millions)

Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-65.3%	65.00	188	239	92.00	140	89.00	-3.10	-4.80	54.00	104	17.00	89.00	58.00	99.00	55.00	88.00	71.00	81.00	16.00	79.00	133
Share Based Compensation	57.9%	3.00	2.00	2.00	1.00	1.00	2.00	1.00	1.00	1.00	2.00	1.00	2.00	1.00	2.00	1.00	2.00	1.00	2.00	2.00	2.00	2.00
Cashflow From Investing	-19.8%	-83.00	-69.30	-56.60	-74.70	-72.90	-63.90	-187	-60.10	-88.10	-91.40	-174	-130	-181	-145	-304	-181	-182	-206	-139	185	-139
Cashflow From Financing	12.6%	-34.10	-39.00	-171	-18.30	-75.60	-58.30	197	92.00	16.00	-14.00	48.00	154	104	94.00	208	80.00	70.00	53.00	-35.60	22.00	-56.30
Dividend Payments	-49.8%	39.00	78.00	-38.80	39.00	111	-37.10	-37.00	35.00	99.00	-33.00	-32.90	33.00	96.00	-32.10	-32.00	32.00	91.00	-30.30	-30.40	30.00	86.00

ALE Income Statement

2023-12-31

Consolidated Statement of Income - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Operating Revenue [Abstract]
Contracts with Customers – Utility	$ 1,238.3	$ 1,259.3	$ 1,227.9
Contracts with Customers – Non-utility	636.4	303.8	179.9
Other – Non-utility	5.1	7.6	11.4
Total Operating Revenue	1,879.8	1,570.7	1,419.2
Operating Expenses
Fuel, Purchased Power and Gas – Utility	482.9	545.5	562.4
Transmission Services – Utility	88.2	76.7	75.3
Cost of Sales – Non-utility	473.5	182.8	68.8
Operating and Maintenance	345.3	318.9	259.2
Depreciation and Amortization	251.8	242.2	231.7
Taxes Other than Income Taxes	57.2	70.4	70.5
Total Operating Expenses	1,698.9	1,436.5	1,267.9
Operating Income	180.9	134.2	151.3
Other Income (Expense)
Interest Expense	(80.8)	(75.2)	(69.1)
Equity Earnings	21.7	18.7	20.0
Other	85.0	22.4	8.7
Total Other Income (Expense)	25.9	(34.1)	(40.4)
Income Before Non-Controlling Interest and Income Taxes	206.8	100.1	110.9
Income Tax Expense (Benefit)	27.9	(31.2)	(26.9)
Net Income	178.9	131.3	137.8
Net Loss Attributable to Non-Controlling Interest	(68.2)	(58.0)	(31.4)
Net Income Attributable to ALLETE	$ 247.1	$ 189.3	$ 169.2
Average Shares of Common Stock
Basic (in shares)	57.3	55.9	52.4
Diluted (in shares)	57.4	56.0	52.5
Basic Earnings Per Share of Common Stock (in usd per share)	$ 4.31	$ 3.38	$ 3.23
Diluted Earnings Per Share of Common Stock (in dollars per share)	$ 4.30	$ 3.38	$ 3.23

ALE Balance Sheet

2023-12-31

Consolidated Balance Sheet - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Current Assets
Cash and Cash Equivalents	$ 71.9	$ 36.4
Accounts Receivable (Less Allowance of $1.6 and $1.6 )	137.2	137.9
Inventories – Net	175.4	455.9
Prepayments and Other	83.6	87.8
Total Current Assets	468.1	718.0
Property, Plant and Equipment – Net	5,013.4	5,004.0
Regulatory Assets	425.4	441.0
Equity Investments	331.2	322.7
Goodwill and Intangible Assets – Net	155.4	155.6
Other Non-Current Assets	262.9	204.3
Total Assets	6,656.4	6,845.6
Current Liabilities
Accounts Payable	102.2	103.0
Accrued Taxes	51.0	69.1
Accrued Interest	21.1	20.5
Long-Term Debt Due Within One Year	111.4	272.6
Other	91.9	251.0
Total Current Liabilities	377.6	716.2
Long-Term Debt	1,679.9	1,648.2
Deferred Income Taxes	192.7	158.1
Regulatory Liabilities	574.0	526.1
Defined Benefit Pension and Other Postretirement Benefit Plans	160.8	179.7
Other Non-Current Liabilities	264.3	269.0
Total Liabilities	3,249.3	3,497.3
Commitments, Guarantees and Contingencies (Note 9)
Redeemable Non-Controlling Interest	0.5	0.0
ALLETE Equity
Common Stock Without Par Value, 80.0 Shares Authorized, 57.6 and 57.2 Shares Issued and Outstanding	1,803.7	1,781.5
Accumulated Other Comprehensive Loss	(20.5)	(24.4)
Retained Earnings	1,026.4	934.8
Total ALLETE Equity	2,809.6	2,691.9
Non-Controlling Interest in Subsidiaries	597.0	656.4
Total Equity	3,406.6	3,348.3
Total Liabilities, Redeemable Non-Controlling Interest and Equity	$ 6,656.4	$ 6,845.6

About ALLETE Inc

ALLETE, Inc. operates as an energy company. The company operates through Regulated Operations, ALLETE Clean Energy, and Corporate and Other segments. It generates electricity from coal-fired, biomass co-fired / natural gas, hydroelectric, wind, and solar. The company provides regulated utility electric services in northwestern Wisconsin to approximately 15,000 electric customers, 13,000 natural gas customers, and 10,000 water customers, as well as regulated utility electric services in northeastern Minnesota to approximately 150,000 retail customers and 14 non-affiliated municipal customers. It also owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illinois. In addition, the company focuses on developing, acquiring, and operating clean and renewable energy projects; and owns and operates approximately 1,300 megawatts of wind energy generation facility. Further, it is involved in the coal mining operations in North Dakota; and real estate investment activities in Florida. The company owns and operates 162 substations with a total capacity of 10,116 megavolt amperes. It serves taconite mining, paper, pulp and secondary wood products, pipeline, and other industries. The company was formerly known as Minnesota Power, Inc. and changed its name to ALLETE, Inc. in May 2001. The company was incorporated in 1906 and is headquartered in Duluth, Minnesota.

CEO	Ms. Bethany M. Owen
WEBSITE	allete.com
INDUSTRY	Utilities Regulated Electric
EMPLOYEES	1495

ALLETE Inc Frequently Asked Questions

What is the ticker symbol for ALLETE Inc? What does ALE stand for in stocks?

ALE is the stock ticker symbol of ALLETE Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of ALLETE Inc (ALE)?

As of Wed Apr 17 2024, market cap of ALLETE Inc is 3.33 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of ALE stock?

You can check ALE's fair value in chart for subscribers.

What is the fair value of ALE stock?

You can check ALE's fair value in chart for subscribers. The fair value of ALLETE Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of ALLETE Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for ALE so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is ALLETE Inc a good stock to buy?

The fair value guage provides a quick view whether ALE is over valued or under valued. Whether ALLETE Inc is cheap or expensive depends on the assumptions which impact ALLETE Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for ALE.

What is ALLETE Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed Apr 17 2024, ALE's PE ratio (Price to Earnings) is 13.49 and Price to Sales (PS) ratio is 1.77. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. ALE PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on ALLETE Inc's stock?

In the past 10 years, ALLETE Inc has provided 0.044 (multiply by 100 for percentage) rate of return.