ALLETE (ALE) to Release Earnings on Thursday

ALLETE (NYSE:ALE) will likely be issuing 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 posted its quarterly earnings results on Tuesday, February 18th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.15). ALLETE had a return on equity of 5.97% and a net margin of 11.72%.

ALLETE Trading Up 0.2 %

NYSE ALE opened at $65.41 on Thursday. The company has a fifty day simple moving average of $65.26 and a two-hundred day simple moving average of $65.04. The stock has a market cap of $3.79 billion, a P/E ratio of 21.10 and a beta of 0.69. ALLETE has a 12-month low of $59.15 and a 12-month high of $65.99. The company has a current ratio of 1.08, a quick ratio of 0.69 and a debt-to-equity ratio of 0.50.

ALLETE Dividend Announcement

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

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of ALLETE in a report on Friday, January 10th. They issued 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.