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ALE Stock Price, Chart, Stats & News

3.94B
Market cap
23.82x
Current P/E
16.72x
Forward P/E
1.08%
Dividend yield

ALE chart

1M
3M
1Y
5Y
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Fundamentals

Gross margin
27.74%
Operating margin
9.24%
Pretax margin
6.12%
Net margin
11.04%
Effective tax rate
5.34%
ROA
2.32%
ROE
5.80%
D/E
0.78x
Interest coverage ratio
1.52x

ALE valuation

P/E
23.82x
P/S
2.63x
P/B
1.38x
P/CF
11.51x
P/FCF
-12.24x
P/OCF
11.51x
PEG
-2.43x
EV multiple
3.76x

About

ALLETE, Inc., an energy enterprise established in 1906 and headquartered in Duluth, Minnesota (originally known as Minnesota Power, Inc. until its name change in May 2001), conducts its business through Regulated Operations, ALLETE Clean Energy, and Corporate and Other segments. The company produces electricity utilizing diverse sources such as coal-fired, biomass co-fired/natural gas, hydroelectric, wind, and solar technologies. It delivers regulated utility services, providing electricity to approximately 145,000 retail customers and 15 non-affiliated municipal entities in northeastern Minnesota, alongside serving around 15,000 electric, 13,000 natural gas, and 10,000 water clients in northwestern Wisconsin.

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