ALLETE (ALE) Expected to Announce Quarterly Earnings on Thursday

ALLETE (NYSE:ALE) is expected to issue its Q1 2025 quarterly earnings data before the market opens on Thursday, May 8th. Analysts expect ALLETE to post earnings of $1.01 per share for the quarter.

ALLETE (NYSE:ALE) last issued its quarterly earnings data on Tuesday, February 18th. The utilities provider reported $0.87 earnings per share for the quarter, missing the consensus estimate of $1.02 by ($0.15). ALLETE had a return on equity of 5.97% and a net margin of 11.72%.

ALLETE Price Performance

Shares of ALE opened at $65.49 on Wednesday. ALLETE has a 1-year low of $61.51 and a 1-year high of $65.99. The firm has a 50-day simple moving average of $65.25 and a two-hundred day simple moving average of $65.07. The stock has a market cap of $3.80 billion, a PE ratio of 21.13 and a beta of 0.82. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.08 and a quick ratio of 0.69.

ALLETE Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Thursday, May 15th will be given a $0.73 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.92 annualized dividend and a yield of 4.46%. ALLETE’s dividend payout ratio is presently 94.19%.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on ALLETE in a report on Friday, January 10th. They set a “hold” rating for the company.

ALLETE Company Profile

ALLETE, Inc operates as an energy company. The company operates through Regulated Operations, ALLETE Clean Energy, and Corporate and Other segments. It generates electricity from coal-fired, biomass co-fired / natural gas, hydroelectric, wind, and solar. In addition, the company provides regulated utility electric services in northwestern Wisconsin to approximately 15,000 electric customers, 13,000 natural gas customers, and 10,000 water customers, as well as regulated utility electric services in northeastern Minnesota to approximately 150,000 retail customers and 14 non-affiliated municipal customers.