Allete ALE
$
Relative Strength Index (RSI)
- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.
- The RSI is calculated using the following formula:
RSI = 100 - (100 / (1 + RS))
Where RS is the ratio of the average gains to the average losses over a specified period.
- The default time period used is 14 days.
- RSI values range between 0 and 100.
RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)
RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)
RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.
About
Allete (ALE) Business Model and Operations Summary
ALLETE Inc provides competitively-priced energy in America's Upper Midwest region and invests in transmission infrastructure and other energy-centric businesses. The company has two reportable segments. The first segment is Regulated Operations, which includes the company's regulated utilities, Minnesota Power and SWL&P, as well as its investment in ATC. ATC is a regulated utility based in Wisconsin that owns and maintains electric transmission assets in parts of Wisconsin, Michigan, Minnesota, and Illinois. The second segment is ALLETE Clean Energy, which focuses on developing, acquiring, and operating clean and renewable energy projects.
Key Insights
Allete (ALE) Core Market Data and Business Metrics
Latest Closing Price
$65.67Market Cap
$3.80 BillionPrice-Earnings Ratio
21.18Total Outstanding Shares
57.96 Million SharesTotal Employees
1,616Dividend
$0.73 Per Share QuarterlyIPO Date
May 27, 1998SIC Description
Electric & Other Services CombinedPrimary Exchange
New York Stock ExchangeHeadquarters
30 W Superior St, Duluth, MN, 55802-2093
Historical Stock Splits
If you bought 3 shares of ALE before September 20, 2004, you'd have 1 share today.
| Execution Date | Split Amount |
|---|---|
| September 20, 2004 | 1-for-3 (Reverse Split) |
Short Interest
Track Short Interest Levels to Gauge Bearish Market Sentiment and Short Squeeze Potential
| Avg Daily Volume | Days to Cover | Settlement Date | Short Interest |
|---|---|---|---|
| 353,563 Shares | 2.35 | 3/14/2025 | 830,424 Shares |
| 311,358 Shares | 2.75 | 2/28/2025 | 854,805 Shares |
| 303,927 Shares | 2.76 | 2/14/2025 | 838,806 Shares |
| 419,330 Shares | 2.14 | 1/31/2025 | 898,872 Shares |
| 414,740 Shares | 2.43 | 1/15/2025 | 1,009,218 Shares |
| 362,949 Shares | 2.95 | 12/31/2024 | 1,069,906 Shares |
Cash Flow Statement
January 1, 2024 to December 31, 2024
| Metric | Value |
|---|---|
| Net Cash Flow From Operating Activities, Continuing | $457.10 Million |
| Net Cash Flow From Financing Activities, Continuing | $-140.60 Million |
| Net Cash Flow | $-24.20 Million |
| Net Cash Flow From Financing Activities | $-140.60 Million |
| Net Cash Flow, Continuing | $-24.20 Million |
| Net Cash Flow From Operating Activities | $457.10 Million |
Income Statement
January 1, 2024 to December 31, 2024
| Metric | Value |
|---|---|
| Income/Loss Before Equity Method Investments | $101.40 Million |
| Participating Securities, Distributed And Undistributed Earnings/Loss, Basic | $0 |
| Operating Expenses | $1.24 Billion |
| Net Income/Loss Attributable To Noncontrolling Interest | $-57.60 Million |
| Revenues | $1.53 Billion |
| Income/Loss From Continuing Operations Before Tax | $126.40 Million |
Comprehensive Income
January 1, 2024 to December 31, 2024
| Metric | Value |
|---|---|
| Comprehensive Income/Loss Attributable To Noncontrolling Interest | $-57.60 Million |
| Comprehensive Income/Loss | $124.10 Million |
| Other Comprehensive Income/Loss | $2.40 Million |
| Comprehensive Income/Loss Attributable To Parent | $181.70 Million |
Balance Sheet
January 1, 2024 to December 31, 2024
| Metric | Value |
|---|---|
| Current Liabilities | $404.20 Million |
| Equity Attributable To Noncontrolling Interest | $542.10 Million |
| Noncurrent Liabilities | $2.96 Billion |
| Temporary Equity Attributable To Parent | $400,000 |
| Liabilities And Equity | $6.75 Billion |
| Other Current Liabilities | $290.60 Million |
Historical Dividends
Current dividend: $0.73 Per Share Quarterly
| Announcement Date | Payment Date | Record Date | Amount | Frequency |
|---|---|---|---|---|
| Jan 30, 2025 | Mar 1, 2025 | Feb 14, 2025 | $0.73 | Quarterly |
| Oct 25, 2024 | Dec 1, 2024 | Nov 15, 2024 | $0.705 | Quarterly |
| Jul 25, 2024 | Sep 1, 2024 | Aug 15, 2024 | $0.705 | Quarterly |
| Apr 25, 2024 | Jun 1, 2024 | May 15, 2024 | $0.705 | Quarterly |
| Jan 26, 2024 | Mar 1, 2024 | Feb 15, 2024 | $0.705 | Quarterly |
| Oct 27, 2023 | Dec 1, 2023 | Nov 15, 2023 | $0.6775 | Quarterly |