Allete ALE

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    -$0.04 (-0.06%)Past DayToday's Volume:
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    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

    Business overview of Allete (ALE)
    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

    Critical company metrics and information

    • Latest Closing Price

      $65.27

    • Market Cap

      $3.78 Billion

    • Price-Earnings Ratio

      20.99

    • Total Outstanding Shares

      57.90 Million Shares

    • Total Employees

      1,616

    • Dividend

      $0.73 Per Share Quarterly

    • IPO Date

      May 27, 1998

    • SIC Description

      Electric & Other Services Combined

    • Primary Exchange

      New York Stock Exchange

    • Type

      Common Stock

    • Headquarters

      30 w superior st, Duluth, MN, 55802-2093

    • Homepage

      https://www.allete.com

    Historical Stock Splits

    If you bought 3 shares of ALE before September 20, 2004, you'd have 1 share today.
    Execution DateSplit Amount
    September 20, 20041-for-3 (Reverse Split)

    Cash Flow Statement

    January 1, 2024 to December 31, 2024
    MetricValue
    Net Cash Flow From Operating Activities$457.10 Million
    Net Cash Flow$-24.20 Million
    Net Cash Flow From Investing Activities, Continuing$-340.70 Million
    Net Cash Flow From Financing Activities, Continuing$-140.60 Million
    Net Cash Flow, Continuing$-24.20 Million
    Net Cash Flow From Investing Activities$-340.70 Million

    Income Statement

    January 1, 2024 to December 31, 2024
    MetricValue
    Nonoperating Income/Loss$-33.70 Million
    Net Income/Loss Attributable To Noncontrolling Interest$-57.60 Million
    Income Tax Expense/Benefit, Current$20.50 Million
    Income/Loss From Continuing Operations Before Tax$126.40 Million
    Income Tax Expense/Benefit, Deferred$-15.80 Million
    Diluted Average Shares$57.80 Million

    Comprehensive Income

    January 1, 2024 to December 31, 2024
    MetricValue
    Comprehensive Income/Loss Attributable To Parent$181.70 Million
    Other Comprehensive Income/Loss$2.40 Million
    Comprehensive Income/Loss Attributable To Noncontrolling Interest$-57.60 Million
    Comprehensive Income/Loss$124.10 Million

    Balance Sheet

    January 1, 2024 to December 31, 2024
    MetricValue
    Other Non-current Assets$1.14 Billion
    Other Current Assets$280.60 Million
    Temporary Equity Attributable To Parent$400,000
    Current Assets$435.20 Million
    Long-term Debt$1.80 Billion
    Accounts Payable$113.60 Million

    Historical Dividends

    Current dividend: $0.73 Per Share Quarterly
    Announcement DatePayment DateRecord DateAmountFrequency
    Jan 30, 2025Mar 1, 2025Feb 14, 2025$0.73Quarterly
    Oct 25, 2024Dec 1, 2024Nov 15, 2024$0.705Quarterly
    Jul 25, 2024Sep 1, 2024Aug 15, 2024$0.705Quarterly
    Apr 25, 2024Jun 1, 2024May 15, 2024$0.705Quarterly
    Jan 26, 2024Mar 1, 2024Feb 15, 2024$0.705Quarterly
    Oct 27, 2023Dec 1, 2023Nov 15, 2023$0.6775Quarterly

    Recent Headlines From The Web

    Latest news, press releases, and media coverage about ALE from trusted financial sources

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