The price-to-earnings ratio for Allete, Inc (NYSE: ALE) is 20.08x, which is above its average ratio. Moreover, the 36-month beta value for ALE is 0.78. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for ALE is 57.67M and currently, short sellers hold a 1.81% of that float. On June 19, 2025, ALE’s average trading volume was 359.72K shares.
ALE) stock’s latest price update
Allete, Inc (NYSE: ALE)’s stock price has gone decline by -0.45 in comparison to its previous close of 64.30, however, the company has experienced a -1.75% decrease in its stock price over the last five trading days. businesswire.com reported 2025-05-08 that DULUTH, Minn.–(BUSINESS WIRE)–ALLETE, Inc. (NYSE: ALE) today reported first quarter 2025 earnings of 97 cents per share on net income of $56.1 million. Last year’s first quarter results were 88 cents per share on net income of $50.7 million. Net income in 2025 includes transaction expenses of $2.1 million after-tax, or 4 cents per share, related to the announced merger. Net income in the first quarter of 2024 included transaction expenses of $1.2 million after-tax, or 2 cents per share. “Our.
ALE’s Market Performance
Allete, Inc (ALE) has experienced a -1.75% fall in stock performance for the past week, with a -1.75% drop in the past month, and a -2.53% drop in the past quarter. The volatility ratio for the week is 0.18%, and the volatility levels for the past 30 days are at 0.29% for ALE. The simple moving average for the past 20 days is -1.52% for ALE’s stock, with a -1.38% simple moving average for the past 200 days.
Analysts’ Opinion of ALE
Many brokerage firms have already submitted their reports for ALE stocks, with Guggenheim repeating the rating for ALE by listing it as a “Neutral.” The predicted price for ALE in the upcoming period, according to Guggenheim is $58 based on the research report published on January 22, 2024 of the previous year 2024.
Sidoti, on the other hand, stated in their research note that they expect to see ALE reach a price target of $64. The rating they have provided for ALE stocks is “Neutral” according to the report published on January 10th, 2024.
BofA Securities gave a rating of “Underperform” to ALE, setting the target price at $54 in the report published on June 27th of the previous year.
ALE Trading at -1.70% from the 50-Day Moving Average
After a stumble in the market that brought ALE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.60% of loss for the given period.
Stock Fundamentals for ALE
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 0.29 for the gross margin
The net margin for Allete, Inc stands at 0.12. The total capital return value is set at 0.03. Equity return is now at value 6.49, with 2.74 for asset returns.
Based on Allete, Inc (ALE), the company’s capital structure generated 0.4 points at debt to capital in total, while cash flow to debt ratio is standing at 0.26. The debt to equity ratio resting at 0.67. The interest coverage ratio of the stock is 2.0.
Currently, EBITDA for the company is 486.3 million with net debt to EBITDA at 3.93. When we switch over and look at the enterprise to sales, we see a ratio of 3.63. The receivables turnover for the company is 10.66for trailing twelve months and the total asset turnover is 0.22. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.26.
Conclusion
To wrap up, the performance of Allete, Inc (ALE) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
