ALE
Price:
$64.045
Market Cap:
$3.70B
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. 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 145,000 retail customers and 15 non-affiliated municipal customers. It also owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illino...[Read more]
Industry
Diversified Utilities
IPO Date
1973-05-03
Stock Exchange
NYSE
Ticker
ALE
According to ALLETE, Inc.’s latest financial reports and current stock price. The company's current ROE is 6.39%. This represents a change of 299.94% compared to the average of 1.60% of the last 4 quarters.
The mean historical ROE of ALLETE, Inc. over the last ten years is 7.67%. The current 6.39% ROE has changed -16.72% with respect to the historical average. Over the past ten years (40 quarters), ALE's ROE was at its highest in in the September 2015 quarter at 3.32%. The ROE was at its lowest in in the June 2022 quarter at 0.78%.
Average
7.67%
Median
7.92%
Minimum
4.88%
Maximum
8.79%
Discovering the peaks and valleys of ALLETE, Inc. ROE, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.
Maximum Annual Increase = 80.31%
Maximum Annual ROE = 8.79%
Minimum Annual Increase = -30.44%
Minimum Annual ROE = 4.88%
Year | ROE | Change |
---|---|---|
2023 | 8.79% | 80.31% |
2022 | 4.88% | -30.44% |
2021 | 7.01% | -7.64% |
2020 | 7.59% | -8.71% |
2019 | 8.32% | 2.97% |
2018 | 8.08% | -3.00% |
2017 | 8.33% | 1.49% |
2016 | 8.20% | 5.96% |
2015 | 7.74% | -0.15% |
2014 | 7.75% | -0.54% |
The current ROE of ALLETE, Inc. (ALE) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages
3-year avg
6.89%
5-year avg
7.32%
10-year avg
7.67%
ALLETE, Inc.’s ROE is less than Avista Corporation (7.77%), less than Black Hills Corporation (8.44%), less than Montauk Renewables, Inc. (7.52%), less than Companhia Paranaense de Energia - COPEL (9.07%), less than NorthWestern Corporation (8.08%), less than The AES Corporation (32.46%), less than Otter Tail Corporation (21.06%), less than The AES Corporation (32.46%), less than Brookfield Infrastructure Partners L.P. (0.43%), less than Unitil Corporation (9.74%), less than Companhia Energética de Minas Gerais (24.48%), less than E.ON SE (11.73%),
Company | ROE | Market cap |
---|---|---|
7.77% | $2.86B | |
8.44% | $4.02B | |
7.52% | $805.67M | |
9.07% | $4.85B | |
8.08% | $3.22B | |
32.46% | $11.23B | |
21.06% | $3.28B | |
32.46% | $10.84B | |
0.43% | $15.69B | |
9.74% | $920.14M | |
24.48% | $6.38B | |
11.73% | $35.41B |
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What is ALLETE, Inc.'s ROE?
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What is the 5-year average ROE for ALLETE, Inc. (ALE)?
How does the current ROE for ALLETE, Inc. (ALE) compare to its historical average?