ALLETE, Inc.

ALLETE, Inc.verified

ALE

Price:

$63.895

Market Cap:

$3.69B

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

The ROE as of September 2024 (TTM) for ALLETE, Inc. (ALE) is 7.87%

According to ALLETE, Inc.’s latest financial reports and current stock price. The company's current ROE is 7.87%. This represents a change of 299.32% compared to the average of 1.97% of the last 4 quarters.

ALLETE, Inc. (ALE) Historical ROE (quarterly & annually)

How has ALE ROE performed in the past?

The mean historical ROE of ALLETE, Inc. over the last ten years is 7.67%. The current 7.87% ROE has changed 2.58% 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%.

Quarterly (TTM)
Annual

Average

7.67%

Median

7.92%

Minimum

4.88%

Maximum

8.79%

ALLETE, Inc. (ALE) ROE by Quarter and Year

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%

Quarterly (TTM)
Annual
YearROEChange
20238.79%80.31%
20224.88%-30.44%
20217.01%-7.64%
20207.59%-8.71%
20198.32%2.97%
20188.08%-3.00%
20178.33%1.49%
20168.20%5.96%
20157.74%-0.15%
20147.75%-0.54%

ALLETE, Inc. (ALE) Average ROE

How has ALE ROE performed in the past?

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. (ALE) ROE vs. Peers

How is ALE’s ROE compared to its peers?

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 (7.51%), less than The AES Corporation (21.93%), less than Otter Tail Corporation (21.06%), less than The AES Corporation (21.93%), less than Brookfield Infrastructure Partners L.P. (0.43%), less than Unitil Corporation (9.74%), less than Companhia Energética de Minas Gerais (24.47%), less than E.ON SE (11.73%),

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