ALE — ALLETE Share Price

As of Today at 19:01 UTC, shares in ALLETE are trading at $59.02. This share price information is delayed by 15 minutes.

Shares in ALLETE last closed at $59.02 and the price had moved by -5.51% over the past 365 days. In terms of relative price strength the ALLETE share price has underperformed the S&P500 Index by -22.75% over the past year.

The overall consensus recommendation for ALLETE is Hold. You can view the full broker recommendation list by unlocking its StockReport.

The ALLETE dividend yield is 3.44% based on the trailing twelve month period.

Last year, ALLETE paid a total dividend of $2.03, and it currently has a trailing dividend yield of 3.44%.Looking ahead, shares in ALLETE are due to go ex-dividend on 2024-05-14 and the next dividend pay date is 2024-06-01.

ALLETE are due to go ex-dividend on 2024-05-14 and the next dividend pay date is 2024-06-01. The historic dividend yield on ALLETE shares is currently 3.44%.

To buy shares in ALLETE you'll need a share-dealing account with an online or offline stock broker. Once you have opened your account and transferred funds into it, you'll be able to search and select shares to buy and sell. You can use Stockopedia’s share research software to help you find the the kinds of shares that suit your investment strategy and objectives.

As of the previous close price of $59.02, shares in ALLETE had a market capitalisation of $3.40bn.

Here are the trading details for ALLETE: 

• Country of listing: United States
• Exchange: NYQ
• Ticker Symbol: ALE

Based on an overall assessment of its quality, value and momentum ALLETE is currently classified as a Super Stock. The classification is based on a composite score that examines a wide range of fundamental and technical measures. Stock are classified on the the following spectrum: Super Stocks, High Flyers, Contrarians, Turnarounds, Neutral, Value Traps, Momentum Traps, Falling Stars, and Sucker Stocks. For more information, learn about our StockRank Styles.

The analyst consensus target price for shares in ALLETE is $60.37.  That is 2.29% above the last closing price of $59.02.

Analysts covering ALLETE currently have a consensus Earnings Per Share (EPS) forecast of $3.79 for the next financial year.

An important predictor of whether a stock price will go up is its track record of momentum.  Price trends tend to persist, so it's worth looking at them when it comes to a share like ALLETE. Over the past six months, its share price has underperformed the S&P500 Index by -8.31%.

As of the last closing price of $59.02, shares in ALLETE were trading +3.09% higher than their 200 day moving average. You can read more about the power of momentum in assessing share price movements on Stockopedia.

The ALLETE PE ratio based on its reported earnings over the past 12 months is 15.1. The shares last closed at $59.02. 

The PE ratio (or price-to-earnings ratio) is the one of the most popular valuation measures used by stock market investors. It is calculated by dividing a company's price per share by its earnings per share.

The PE ratio can be seen as being expressed in years, in the sense that it shows the number of years of earnings which would be required to pay back the purchase price, ignoring inflation. So in general terms, the higher the PE, the more expensive the stock is.

ALLETE's management team is headed by: 

• Bethany Owen - CHM
• Robert Adams - CFO
• Steven Morris - CAO
• Nicole Johnson - CAD
• Patrick Cutshall - VPR
• Margaret Thickens - VPR
• Heidi Jimmerson-Eddins - LED
• Charlene Thomas - DRC
• Kathryn Dindo - IND
• George Goldfarb - IND
• James Hoolihan - IND
• Madeleine Ludlow - IND
• Susan Nestegard - IND
• Douglas Neve - IND
• Barbara Nick - IND
• Robert Powers - IND