ALE: ALLETE, Inc.
About
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, and Corporate and Other. The Regulated Operations segment includes regulated utilities, Minnesota Power, SWL&P, and investment in ATC, which regulates utilities that own and maintain electric transmission assets. The ALLETE Clean Energy segment develops, acquires, and operates clean and renewable energy projects. The Corporate and Other segment includes New Energy, South Shore Energy, BNI Energy, ALLETE Properties, a small amount of non-rate base generation, land holdings, and earnings on cash and investments. The company was founded on January 25, 1906 and is headquartered in Duluth, MN.
Current Value
$64.401 Year Return
Current Value
$64.401 Year Return
Key Details
Market Cap
$3.72B
P/E Ratio
20.62
1Y Stock Return
16.79%
1Y Revenue Growth
-17.62%
Dividend Yield
4.43%
Price to Book
1.3
Strategies that include ALE
Stock's related to ALE
Correlated Stocks
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| NJR | 52.26% | $4.94B | +16.77% | 3.41% |
| LNT | 51.02% | $16.22B | +27.57% | 3.03% |
| EVRG | 50.42% | $14.85B | +27.01% | 4.99% |
| NWE | 50.00% | $3.46B | +11.02% | 4.56% |
| PPL | 49.47% | $25.72B | +32.81% | 2.90% |
| ATO | 49.39% | $23.33B | +32.91% | 2.14% |
| FTS | 49.14% | $22.29B | +9.18% | 3.87% |
| WEC | 49.05% | $31.94B | +23.91% | 3.31% |
| CMS | 48.89% | $20.68B | +21.27% | 2.97% |
| IDA | 48.86% | $6.33B | +22.46% | 2.81% |
| NI | 48.65% | $17.67B | +44.52% | 2.79% |
| POR | 47.28% | $5.02B | +15.53% | 4.09% |
| AVA | 46.16% | $3.09B | +12.25% | 3.64% |
| BEPC | 45.89% | $11.89B | +21.31% | 4.41% |
| ED | 45.85% | $34.19B | +9.04% | 3.36% |
| NEE | 45.05% | $159.08B | +34.61% | 2.61% |
| ES | 44.86% | $22.99B | +5.41% | 4.49% |
| OGE | 43.25% | $8.80B | +25.53% | 3.80% |
| PEG | 43.09% | $46.01B | +42.85% | 2.56% |
| BEP.UN | 42.96% | $7.28B | +3.70% | 5.47% |
Uncorrelated Stocks
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| MDB | 0.01% | $23.30B | -22.13% | 0.00% |
| FTNT | 0.05% | $72.06B | +77.50% | 0.00% |
| HQY | 0.09% | $9.14B | +56.73% | 0.00% |
| ORKA | 0.11% | $717.47M | +69.86% | 0.00% |
| LTM | -0.18% | $8.37B | -100.00% | <0.01% |
| AVGO | -0.25% | $765.69B | +68.66% | 9.94% |
| HUBS | 0.27% | $37.17B | +53.95% | 0.00% |
| BPT | 0.28% | $24.40M | -67.89% | 0.00% |
| CANG | 0.28% | $282.47M | +245.13% | 0.00% |
| LUMO | 0.33% | $37.45M | +40.58% | 0.00% |
| PGR | 0.38% | $154.33B | +62.01% | 0.44% |
| DPZ | 0.38% | $15.40B | +20.67% | 1.28% |
| FWONK | 0.46% | $21.17B | +30.33% | 0.00% |
| JNPR | -0.52% | $11.73B | +31.03% | 2.48% |
| SPR | 0.54% | $3.67B | +21.86% | 0.00% |
| CRWD | 0.57% | $87.65B | +70.58% | 0.00% |
| NARI | -0.64% | $2.91B | -15.78% | 0.00% |
| COR | 0.64% | $48.41B | +23.04% | 0.84% |
| CRDO | 0.65% | $7.69B | +146.30% | 0.00% |
| ACGL | 0.69% | $37.09B | +20.63% | 0.00% |
Inversely Correlated Stocks
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| SPT | -15.92% | $1.74B | -43.49% | 0.00% |
| PRPO | -14.82% | $8.89M | -14.59% | 0.00% |
| RBRK | -13.67% | $8.92B | +53.50% | 0.00% |
| STG | -12.77% | $35.47M | +5.43% | 0.00% |
| LPTH | -12.75% | $59.50M | +22.95% | 0.00% |
| RELY | -11.66% | $4.10B | -4.52% | 0.00% |
| GAN | -11.12% | $82.94M | +20.53% | 0.00% |
| NET | -10.50% | $35.77B | +41.48% | 0.00% |
| EXPE | -10.41% | $23.55B | +34.06% | 0.00% |
| SCKT | -10.10% | $11.26M | +14.73% | 0.00% |
| LICY | -10.05% | $48.30M | -64.70% | 0.00% |
| MKL | -9.87% | $22.10B | +20.21% | 0.00% |
| CORZ | -9.60% | $4.90B | +3,634.04% | 0.00% |
| DBI | -9.51% | $271.39M | -54.00% | 4.02% |
| SBLK | -9.42% | $2.22B | -4.69% | 11.32% |
| SOLV | -9.10% | $12.03B | -12.96% | 0.00% |
| TRVG | -8.36% | $37.49M | -36.70% | 0.00% |
| NLOP | -8.12% | $459.67M | +97.90% | 0.00% |
| GNK | -7.94% | $715.34M | +13.81% | 10.27% |
| CYD | -7.66% | $384.48M | -0.79% | 4.00% |
ETF's related to ALE
News
SeekingAlpha
Stay informed on dividend activity with a weekly summary for Dividend Champions, Contenders, and Challengers, including changes and upcoming dates.
Yahoo
DULUTH, Minn., November 19, 2024--ALLETE Clean Energy has fully contracted the output of its Armenia Mountain Wind site for another seven years through agreements with two customers.
Yahoo
We recently compiled a list of the Dividend Contenders List: Top 15. In this article, we are going to take a look at where ALLETE, Inc. (NYSE:ALE) stands against the other dividend contenders. Dividend stocks have long been favored by investors for the income they generate, and they become even more appealing when dividends increase over […]
SeekingAlpha
Stay up to date on dividend activity with our weekly summary for Dividend Champions, Contenders, and Challengers, including ex-dividend and pay dates.
Finnhub
2024 Corporate Sustainability Report This report encompasses data from...
Yahoo
DULUTH, Minn. AP) — Allete Inc. ALE) on Wednesday reported third-quarter earnings of $45 million.
Disclaimer
Information on this page is obtained from our data provider, Xignite, an unaffiliated third party. Double believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate. We also show information based on calculations performed by Double using data from our provider. Double believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.