ALLETE, Inc. (ALE)
Company Info
Highlights
$3.74B
$3.12
20.73
2.22
$1.57B
$300.30M
$467.20M
$54.04 - $65.19
$65.67
2.30%
3.68
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in ALLETE, Inc., comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
ALLETE, Inc. had a return of 10.14% year-to-date (YTD) and 10.59% in the last 12 months. Over the past 10 years, ALLETE, Inc. had an annualized return of 5.52%, while the S&P 500 had an annualized return of 11.01%, indicating that ALLETE, Inc. did not perform as well as the benchmark.
ALE
10.14%
-0.14%
4.58%
10.59%
-0.53%
5.52%
^GSPC (Benchmark)
23.11%
-0.36%
7.02%
23.15%
12.80%
11.01%
Monthly Returns
The table below presents the monthly returns of ALE, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -3.35% | -2.98% | 5.30% | -0.70% | 7.83% | -1.27% | 3.45% | -0.38% | 1.01% | -0.44% | 2.64% | 10.14% | |
| 2023 | -4.11% | 0.04% | 5.20% | -3.09% | -3.45% | -2.69% | -0.93% | -3.27% | -3.83% | 1.40% | 4.95% | 10.24% | -0.65% |
| 2022 | -3.80% | -0.35% | 6.42% | -11.41% | 5.69% | -5.22% | 5.60% | -3.65% | -15.43% | 12.43% | 18.91% | -2.55% | 1.48% |
| 2021 | 1.45% | -0.19% | 8.14% | 4.72% | -1.19% | 1.58% | 0.49% | -3.27% | -11.72% | 3.39% | -3.80% | 13.17% | 11.17% |
| 2020 | 2.85% | -16.73% | -12.05% | -5.14% | 3.26% | -7.02% | 8.59% | -8.04% | -4.11% | -0.31% | 10.27% | 10.14% | -20.47% |
| 2019 | 0.94% | 6.15% | 1.46% | -0.95% | 1.26% | 1.61% | 4.49% | -0.72% | 1.96% | -1.54% | -6.23% | 1.32% | 9.63% |
| 2018 | -2.58% | -5.16% | 6.02% | 5.76% | 1.27% | 0.77% | 0.16% | -2.46% | -0.09% | -1.35% | 10.77% | -6.34% | 5.60% |
| 2017 | 1.81% | 3.69% | 0.74% | 3.25% | 5.79% | -2.33% | 2.22% | 6.30% | -0.05% | 1.37% | 3.46% | -7.63% | 19.38% |
| 2016 | 4.07% | 1.21% | 5.75% | 0.21% | 3.70% | 11.93% | -1.21% | -6.33% | 0.54% | 2.80% | 1.76% | 3.83% | 30.93% |
| 2015 | 2.74% | -2.30% | -3.79% | -4.66% | 1.15% | -7.86% | 4.10% | -0.07% | 5.67% | -0.55% | 2.48% | -0.24% | -4.11% |
| 2014 | 0.20% | 2.08% | 3.78% | -1.26% | -3.09% | 3.38% | -8.63% | 4.81% | -8.79% | 17.68% | -1.51% | 8.18% | 15.00% |
| 2013 | 12.59% | 2.90% | 4.30% | 4.75% | -6.99% | 5.35% | 7.56% | -11.16% | 2.33% | 4.62% | -1.54% | 1.22% | 26.46% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of ALE is 71, indicating average performance compared to other stocks on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for ALLETE, Inc. (ALE) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
ALLETE, Inc. provided a 4.38% dividend yield over the last twelve months, with an annual payout of $2.82 per share. The company has been increasing its dividends for 18 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.82 | $2.71 | $2.60 | $2.52 | $2.47 | $2.35 | $2.24 | $2.14 | $2.08 | $2.02 | $1.96 | $1.90 |
Dividend yield | 4.38% | 4.43% | 4.03% | 3.80% | 3.99% | 2.90% | 2.94% | 2.88% | 3.24% | 3.97% | 3.55% | 3.81% |
Monthly Dividends
The table displays the monthly dividend distributions for ALLETE, Inc.. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.71 | $0.00 | $0.00 | $0.71 | $0.00 | $0.00 | $0.71 | $0.00 | $0.00 | $0.71 | $0.00 | $2.82 |
| 2023 | $0.00 | $0.68 | $0.00 | $0.00 | $0.68 | $0.00 | $0.00 | $0.68 | $0.00 | $0.00 | $0.68 | $0.00 | $2.71 |
| 2022 | $0.00 | $0.65 | $0.00 | $0.00 | $0.65 | $0.00 | $0.00 | $0.65 | $0.00 | $0.00 | $0.65 | $0.00 | $2.60 |
| 2021 | $0.00 | $0.63 | $0.00 | $0.00 | $0.63 | $0.00 | $0.00 | $0.63 | $0.00 | $0.00 | $0.63 | $0.00 | $2.52 |
| 2020 | $0.00 | $0.62 | $0.00 | $0.00 | $0.62 | $0.00 | $0.00 | $0.62 | $0.00 | $0.00 | $0.62 | $0.00 | $2.47 |
| 2019 | $0.00 | $0.59 | $0.00 | $0.00 | $0.59 | $0.00 | $0.00 | $0.59 | $0.00 | $0.00 | $0.59 | $0.00 | $2.35 |
| 2018 | $0.00 | $0.56 | $0.00 | $0.00 | $0.56 | $0.00 | $0.00 | $0.56 | $0.00 | $0.00 | $0.56 | $0.00 | $2.24 |
| 2017 | $0.00 | $0.54 | $0.00 | $0.00 | $0.54 | $0.00 | $0.00 | $0.54 | $0.00 | $0.00 | $0.54 | $0.00 | $2.14 |
| 2016 | $0.00 | $0.52 | $0.00 | $0.00 | $0.52 | $0.00 | $0.00 | $0.52 | $0.00 | $0.00 | $0.52 | $0.00 | $2.08 |
| 2015 | $0.00 | $0.51 | $0.00 | $0.00 | $0.51 | $0.00 | $0.00 | $0.51 | $0.00 | $0.00 | $0.51 | $0.00 | $2.02 |
| 2014 | $0.00 | $0.49 | $0.00 | $0.00 | $0.49 | $0.00 | $0.00 | $0.49 | $0.00 | $0.00 | $0.49 | $0.00 | $1.96 |
| 2013 | $0.48 | $0.00 | $0.00 | $0.48 | $0.00 | $0.00 | $0.48 | $0.00 | $0.00 | $0.48 | $0.00 | $1.90 |
Dividend Yield & Payout
Dividend Yield
Payout Ratio
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the ALLETE, Inc.. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the ALLETE, Inc. was 73.95%, occurring on Mar 5, 2009. Recovery took 1957 trading sessions.
The current ALLETE, Inc. drawdown is 8.95%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -73.95% | Jun 14, 2004 | 1191 | Mar 5, 2009 | 1957 | Dec 9, 2016 | 3148 |
| -42.22% | Sep 26, 2019 | 161 | May 15, 2020 | — | — | — |
| -41.95% | Sep 27, 1973 | 241 | Sep 10, 1974 | 630 | Mar 8, 1977 | 871 |
| -40.21% | Jan 16, 1987 | 192 | Oct 19, 1987 | 821 | Jan 17, 1991 | 1013 |
| -37.24% | May 3, 2002 | 56 | Jul 23, 2002 | 318 | Oct 24, 2003 | 374 |
Volatility
Volatility Chart
The current ALLETE, Inc. volatility is 1.40%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
Financials
Financial Performance
Valuation
The Valuation section provides an assessment of the market value of ALLETE, Inc. compared to its peers in the Utilities - Diversified industry.
PE Ratio
The chart displays the price to earnings (P/E) ratio for ALE in comparison to other companies of the Utilities - Diversified industry. Currently, ALE has a PE value of 20.7. This PE ratio is much higher than those of other companies of the industry. This might be an indicator of the company being overvalued.PEG Ratio
The chart displays the price to earnings to growth (PEG) ratio for ALE in comparison to other companies of the Utilities - Diversified industry. Currently, ALE has a PEG value of 2.2. This PEG ratio falls in the average range for the industry.Historical P/E Ratio Chart
The chart below displays the historical trend of the price-to-earnings (P/E) ratio for ALLETE, Inc..
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Income Statement
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Gross Profit | — |
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Income | |
Income Before Tax | — |
Operating Income | — |
EBITDA | — |
EBIT | — |
Earnings From Continuing Operations | — |
Net Income | — |
Income Tax Expense | — |
Other Non-Operating Income (Expenses) | — |
Extraordinary Items | — |
Discontinued Operations | — |
Effect Of Accounting Charges | — |
Non Recurring | — |
Minority Interest | — |
Other Items | — |
Interest Income | — |
Interest Expense | — |
Net Interest Income | — |