Allete, Inc.

Market cap: $3,496,725,422

Exchange: NYS

Sector: Utilities

ALLETE, Inc. engages in the provision of electric and natural gas utility services. It operates through the following business segments: Regulated Operations, ALLETE Clean Energy, U.S. Water Services, and Corporate and Other. The Regulated Operations segment includes regulated utilities; Minnesota Power; SWL&P; and investment in ATC, which regulates utilities that owns and maintains electric transmission assets. The ALLETE Clean Energy segment develops, acquires, and operates clean and renewable energy projects. The U.S. Water Services segment provides integrated water management for industry by combining chemical, equipment, engineering, and service for customized solutions to reduce water and energy usage and improve efficiency. The Corporate and Other segment consists of other business development and corporate expenditure of the firm. The company was founded in 1906 and is headquartered in Duluth, MN.

Key Statistics

Company Name

Allete, Inc.

Average Volume (10 days)

284,923

Average Volume (30 days)

314,745

Moving Average (50 days)

$58.09

Moving Average (200 days)

$56.72

Ex-Divided Date

Feb 14, 2024

Dividend Yield

0.0443

P/E Ratio

14.1511

Market Cap

3,496,725,422

Shares Outstanding

57,578,222

52-Week High Split Adjust Only

63.02

52-Week Low Split Adjust Only

48.06

Employee Count

1,332

Beta

0

Next Earnings Date

2024-05-01

TTM Dividend Rate Per Share

2.6877

Price Changes

Past 5 days

0.01%

Past 30 days

0.05%

Past 3 months

-0.01%

Past 6 months

0.17%

Past year

-0.03%

Past 2 years

0.02%

Past 5 years

-0.1%

Max % Change

1.46%

PEER GROUP COMPARATIVE PERFORMANCE

NameTickerPrice/Sales (ttm)Price/Book (ttm)Forward P/EPEG RatioEV/Revenue
Allete, Inc.ALE3.001.5521.63.004.50
Peer AvgN/A3.772.3218.23.775.85
NextEra Energy IncNEE8.383.84n/a8.3811.38
Duke Energy Corp.DUK3.201.6719.43.205.86
Exelon Corp.EXC1.291.3816.51.292.46
Xcel Energy, Inc.XEL3.112.6023.93.114.90
WEC Energy Group IncWEC3.792.7523.33.795.66
Ameren Corp.AEE3.632.3522.43.635.73
Alliant Energy Corp.LNT4.202.4822.34.206.29
Northwestern Corp.NWE2.541.5218.12.544.49