Allete Inc share price today

(ALE)

Allete Inc share price is $64.54 & ₹5,465.89 as on 7 Dec 2024, 2.30 'hrs' IST

$64.54

▲

-0.22

(-0.34%)

Market is closed - opens 8 PM, 09 Dec 2024

View live Allete Inc share price in Dollar and Rupees. Guide to invest in Allete Inc from India. Also see the sentimental analysis on Indian investors investing in Allete Inc. Get details on the Indian mutual funds that are investing in Allete Inc. Get Analyst recommendations and forecasts along with all the Allete Inc's financials.

Allete Inc share price movements

$64.36
$64.78
$64.54
0.29%
Downside
Day's Volatility :0.66%
Upside
0.37%
$55.86
$65.86
$64.54
13.45%
Downside
52 Weeks Volatility :15.18%
Upside
2.0%

Allete Inc Returns

Period	Allete Inc	Sector (Utilities)	Index (Russel 2000)
3 Months	1.55%	6.3%	0.0%
6 Months	3.07%	15.4%	0.0%
1 Year	5.82%	27.3%	0.0%
3 Years	2.89%	17.2%	-22.1%

Allete Inc Key Statistics

in dollars & INR

Previous Close	$64.76
Open	$64.65
Today's High	$64.78
Today's Low	$64.355
Market Capitalization	$3.7B
Today's Volume	$252.4K
52 Week High	$65.86
52 Week Low	$55.86
Revenue TTM	$1.6B
EBITDA	$448.3M
Earnings Per Share (EPS)	$3.13
PE Ratio	20.69
Dividend Yield	4.37%
Profit Margin	11.5%
Quarterly Earnings Growth YOY	-0.48%
Return On Equity TTM	3.55%

How to invest in Allete Inc from India?

It is very easy for Indian residents to invest directly in Allete Inc from India. Indian investors can open a free US stocks account on the INDmoney app. You can find live prices of the Allete Inc stock in both rupees (INR) and dollars (USD). Search for Allete Inc or ALE on INDmoney app and click on Buy or SIP. You can invest by choosing quantities of shares of Allete Inc or Rupee/ Dollar value or set up a fixed SIP amount to be invested every month or week.

For example: You can easily buy Rs.100 worth of Allete Inc shares which would translate to 0.013 fractional shares of Allete Inc as of today. Learn more about fractional investing here.

Indians via INDmoney can now also, easily transfer and add their money to the US stocks account via INDmoney App. Click here for step by step process for the same

Indian investors sentiment towards Allete Inc

250%

Period: Sep 9, 2024 to Dec 8, 2024. Change in 30 Days versus previous period

Search volume for Allete Inc on INDmoney from India has grown in the last 30 days as on Dec 9, 2024. 250% more investors are searching Allete Inc in the last 30 days versus the previous period.

Global Institutional Holdings in Allete Inc

BlackRock Inc
12.98%
Vanguard Group Inc
10.97%
State Street Corp
4.25%
Geode Capital Management, LLC
2.41%
Adage Capital Partners Gp LLC
1.91%
Dimensional Fund Advisors, Inc.
1.66%

Analyst Recommendation on Allete Inc

Hold

36%Buy

63%Hold

0%Sell

Based on 11 Wall street analysts offering stock ratings for Allete Inc(by analysts ranked 0 to 5 stars)

Based on 11 analyst

Current
1M Ago
3M Ago

Buy

Hold

Sell

Analyst Forecast on Allete Inc

What analysts predicted

Upside of 1.75%

Current:

$64.54

Target:

$65.67

Insights on Allete Inc

Increasing Revenue
Revenue is up for the last 2 quarters, 354.5M → 407.2M (in $), with an average increase of 12.9% per quarter
Increasing Net Profit
Netprofit is up for the last 2 quarters, 33.0M → 45.0M (in $), with an average increase of 26.7% per quarter
Vs SRE
In the last 1 year, Sempra Energy has given 25.6% return, outperforming this stock by 20.0%
Vs SRE
In the last 3 years, Sempra Energy has given 44.2% return, outperforming this stock by 41.2%

Allete Inc Financials in INR & Dollars

	FY18	Y/Y Change
Revenue	$1.5B	↑ 5.59%
Net Income	$174.1M	↑ 1.1%
Net Profit Margin	11.62%	↓ 0.51%

	FY19	Y/Y Change
Revenue	$1.2B	↓ 17.22%
Net Income	$185.6M	↑ 6.61%
Net Profit Margin	14.96%	↑ 3.34%

	FY20	Y/Y Change
Revenue	$1.2B	↓ 5.76%
Net Income	$174.2M	↓ 6.14%
Net Profit Margin	14.9%	↓ 0.06%

	FY21	Y/Y Change
Revenue	$1.4B	↑ 21.39%
Net Income	$169.2M	↓ 2.87%
Net Profit Margin	11.92%	↓ 2.98%

	FY22	Y/Y Change
Revenue	$1.6B	↑ 10.68%
Net Income	$131.3M	↓ 22.4%
Net Profit Margin	8.36%	↓ 3.56%

	FY23	Y/Y Change
Revenue	$1.9B	↑ 19.68%
Net Income	$247.1M	↑ 88.19%
Net Profit Margin	13.15%	↑ 4.79%

	Q2 FY23	Q/Q Change
Revenue	$533.4M	↓ 5.58%
Net Income	$51.5M	↑ 36.97%
Net Profit Margin	9.66%	↑ 3.0%

	Q3 FY23	Q/Q Change
Revenue	$378.8M	↓ 28.98%
Net Income	$85.9M	↑ 66.8%
Net Profit Margin	22.68%	↑ 13.02%

	Q4 FY23	Q/Q Change
Revenue	$402.7M	↑ 6.31%
Net Income	$51.5M	↓ 40.05%
Net Profit Margin	12.79%	↓ 9.89%

	Q1 FY24	Q/Q Change
Revenue	$403.3M	↑ 0.15%
Net Income	$50.7M	↓ 1.55%
Net Profit Margin	12.57%	↓ 0.22%

	Q2 FY24	Q/Q Change
Revenue	$354.5M	↓ 12.1%
Net Income	$33.0M	↓ 34.91%
Net Profit Margin	9.31%	↓ 3.26%

	Q3 FY24	Q/Q Change
Revenue	$407.2M	↑ 14.87%
Net Income	$45.0M	↑ 36.36%
Net Profit Margin	11.05%	↑ 1.74%

	FY18	Y/Y Change
Total Assets	$5.2B	↑ 1.67%
Total Liabilities	$3.0B	↓ 0.09%

	FY19	Y/Y Change
Total Assets	$5.5B	↑ 6.15%
Total Liabilities	$3.1B	↑ 4.59%

	FY20	Y/Y Change
Total Assets	$6.1B	↑ 10.98%
Total Liabilities	$3.3B	↑ 4.36%

	FY21	Y/Y Change
Total Assets	$6.4B	↑ 5.76%
Total Liabilities	$3.5B	↑ 6.22%

	FY22	Y/Y Change
Total Assets	$6.8B	↑ 6.38%
Total Liabilities	$3.5B	↑ 0.25%

	FY23	Y/Y Change
Total Assets	$6.7B	↓ 2.76%
Total Liabilities	$3.2B	↓ 7.09%

	Q2 FY23	Q/Q Change
Total Assets	$6.6B	↓ 2.04%
Total Liabilities	$3.2B	↓ 4.4%

	Q3 FY23	Q/Q Change
Total Assets	$6.6B	↑ 1.17%
Total Liabilities	$3.2B	↑ 1.52%

	Q4 FY23	Q/Q Change
Total Assets	$7.4B	↑ 10.84%
Total Liabilities	$4.0B	↑ 21.85%

	Q1 FY24	Q/Q Change
Total Assets	$6.6B	↓ 10.32%
Total Liabilities	$3.2B	↓ 19.26%

	Q2 FY24	Q/Q Change
Total Assets	$6.7B	↑ 0.86%
Total Liabilities	$3.3B	↑ 2.19%

	Q3 FY24	Q/Q Change
Total Assets	$6.7B	↑ 1.14%
Total Liabilities	$3.3B	↑ 2.42%

	FY18	Y/Y Change
Operating Cash Flow	$433.1M	↑ 7.5%
Investing Cash Flow	$-349.0M	↑ 52.4%
Financing Cash Flow	$-115.2M	↑ 12.39%

	FY19	Y/Y Change
Operating Cash Flow	$249.5M	↓ 42.39%
Investing Cash Flow	$-345.3M	↓ 1.06%
Financing Cash Flow	$109.3M	↓ 194.88%

	FY20	Y/Y Change
Operating Cash Flow	$299.8M	↑ 20.16%
Investing Cash Flow	$-812.8M	↑ 135.39%
Financing Cash Flow	$485.7M	↑ 344.37%

	FY21	Y/Y Change
Operating Cash Flow	$263.5M	↓ 12.11%
Investing Cash Flow	$-485.2M	↓ 40.31%
Financing Cash Flow	$204.2M	↓ 57.96%

	FY22	Y/Y Change
Operating Cash Flow	$221.3M	↓ 16.02%
Investing Cash Flow	$-384.0M	↓ 20.86%
Financing Cash Flow	$155.2M	↓ 24.0%

	Q2 FY23	Q/Q Change
Operating Cash Flow	$239.2M	↑ 158.87%
Investing Cash Flow	$-56.6M	↓ 24.23%
Financing Cash Flow	$-171.1M	↑ 834.97%

	Q3 FY23	Q/Q Change
Operating Cash Flow	$188.4M	↓ 21.24%
Investing Cash Flow	$-200.6M	↑ 254.42%
Financing Cash Flow	$-39.0M	↓ 77.21%

Allete Inc Technicals Summary

Sell

Neutral

Buy

Allete Inc is currently in a neutral trading position according to technical analysis indicators.

Allete Inc Vs Peers

Company Name	1 Month	6 Month	1 Year	3 Years	5 Years
Allete Inc	-0.63%	3.07%	5.82%	2.89%	-18.64%
Allete Inc	1.84%	22.14%	22.27%	-8.81%	1.85%
Allete Inc	-0.34%	21.12%	22.99%	43.45%	22.26%
Allete Inc	-2.28%	-34.79%	-26.37%	-45.58%	-29.72%

Company Name	P/E Ratio	P/B Ratio	PEG Ratio	EPS	ROE	ROA	Div Yield	BVPS
Allete Inc	20.69	20.69	2.22	3.7	0.04	0.02	0.04	48.97
Allete Inc	101.87	NA	1.18	0.8	0.05	0.03	0.05	10.05
Allete Inc	20.29	20.29	2.19	4.77	0.1	0.02	0.03	45.5
Allete Inc	9.23	9.23	1.09	1.94	-0.03	0.03	0.05	4.63

Company Name	Analyst View	Market Cap	5 Years Return %	PE Ratio	Profit Margin
Allete Inc	Hold	$3.7B	-18.64%	20.69	11.5%
Allete Inc	Buy	$16.0B	1.85%	101.87	-0.55%
Allete Inc	Buy	$58.0B	22.26%	20.29	22.7%
Allete Inc	Buy	$9.4B	-29.72%	9.23	8.34%

Allete Inc Dividend announcements

Allete Inc Dividends December, 2024
In the quarter ending December,2024. Allete Inc has declared dividend of $0.71
Read More

About Allete Inc

ALLETE, Inc. engages in the provision of electric and natural gas utility services.

Organization	Allete Inc
Employees	1564
CEO	Ms. Bethany M. Owen
Industry	Utilities

Management People of Allete Inc

Name	Title
Ms. Bethany M. Owen	Chair, CEO & President
Mr. Steven Wayne Morris	Senior VP & CFO
Mr. Joshua J. Skelton	VP & COO of Minnesota Power
Ms. Nicole Renee Johnson	VP & President of Allete Clean Energy
Mr. Vincent J. Meyer	Vice President of Investor Relations
Ms. Julie L. Padilla	VP, Chief Legal Officer & Secretary
Mr. Rob Sandstrom	President of Superior Water, Light & Power
Mr. Matthew Hankey	President & CEO of New Energy Equity
Mr. Frank Frederickson	Vice President of Customer Experience- Minnesota Power

Important FAQs about investing in Allete Inc from India :

What is Allete Inc share price today?

Allete Inc (ALE) share price today is $64.54.

Can Indians buy Allete Inc shares?

Yes, Indians can invest in the Allete Inc (ALE) from India.

With INDmoney, you can buy Allete Inc at 0 brokerage. The step-by-step process is as follows:

Open your zero cost US Stocks account and zero balance IND linked savings a/c (this can be done in less than 3 minutes)
Transfer funds to your US Stocks account using your IND linked savings a/c (It takes 24 hours excluding Saturday and Sunday). With INDmoney, you get the best INR USD exchange rates.
Once funds are transferred successfully, you can buy Allete Inc at zero transaction cost.

How can I buy Allete Inc shares from India?

It is very easy to buy Allete Inc from India. With INDmoney, you can open a US stocks account in less than 3 minutes. Transfer funds in 24 hours and buy stocks very easily - that too at 0 brokerage. All this is done at 0 account opening & management fee, 0 brokerages, and at the same time you get the best rupee-US dollar exchange rate.

Can Fractional shares of Allete Inc be purchased?

Yes, you can buy fractional shares of Allete Inc with INDmoney app.

What are the documents required to start investing in Allete Inc stocks?

To start investing in Allete Inc, You will need the following documents:

Proof of Identification (PAN, Aadhaar etc)
Proof of address (Aadhaar, Voter ID etc)

These documents are required as per RBI's guidelines to create your IND linked savings a/c so that you can execute for global fund transfer. The entire process is paperless and can be completed seamlessly.