Allete share price today

(ALE)

Allete share price is $64.5 & ₹5,480.95 as on 21 Dec 2024, 2.30 'hrs' IST

$64.5

▲

-0.1

(-0.15%)

Market is closed - opens 8 PM, 23 Dec 2024

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

Allete share price movements

Today's Low: $64.50
Today's High: $64.75
$64.50
0.0%
Downside
Day's Volatility :0.39%
Upside
0.39%
52 Weeks Low: $55.86
52 Weeks High: $65.86
$64.50
13.4%
Downside
52 Weeks Volatility :15.18%
Upside
2.06%

Allete Returns

Period	Allete Inc	Sector (Utilities)	Index (Russel 2000)
3 Months	0.69%	-4.6%	0.0%
6 Months	2.79%	10.1%	0.0%
1 Year	4.56%	22.5%	0.0%
3 Years	-0.19%	10.1%	-19.7%

Allete Key Statistics

in dollars & INR

Previous Close	$64.6
Open	$64.45
Today's High	$64.75
Today's Low	$64.5
Market Capitalization	$3.7B
Today's Volume	$671.4K
52 Week High	$65.86
52 Week Low	$55.86
Revenue TTM	$1.6B
EBITDA	$448.3M
Earnings Per Share (EPS)	$3.12
PE Ratio	20.71
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 from India?

It is very easy for Indian residents to invest directly in Allete from India. Indian investors can open a free US stocks account on the INDmoney app. You can find live prices of the Allete stock in both Indian Rupees (INR) and US Dollars (USD). Search for Allete or ALE on the INDmoney app and click on Buy or SIP. You can invest by choosing quantities of shares of Allete 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 shares which would translate to 0.013 fractional shares of Allete as of today. Learn more about fractional investing.

Indians can now also easily transfer and add money to their US stocks account via the INDmoney app. Invest in US Stocks from India , including recognised companies like Allete, in just a few clicks!

Returns in Allete for Indian investors in Rupees

Investment Value

₹1,00,000

Allete investment value today

Current value as on today

₹1,06,751

Returns

₹6,751

(+6.75%)

Returns from Allete Stock

₹4,555 (+4.56%)

Dollar Returns

₹2,196 (+2.2%)

Indian investors sentiment towards Allete

-57%

Period: Sep 22, 2024 to Dec 21, 2024. Change in 30 Days versus previous period

Search volume for Allete on INDmoney from India has reduced in the last 30 days as on Dec 22, 2024. -57% less investors are searching Allete in the last 30 days versus the previous period.

Global Institutional Holdings in Allete

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

Hold

36%Buy

63%Hold

0%Sell

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

Based on 11 analyst

Current
1M Ago
3M Ago

Buy

Hold

Sell

Analyst Forecast on Allete

What analysts predicted

Upside of 1.81%

Current:

$64.50

Target:

$65.67

Insights on Allete

Price Movement
In the last 7 days, ALE stock has moved down by -0.2%
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
ALE vs SRE (1 yr)
In the last 1 year, Sempra Energy has given 18.7% return, outperforming this stock by 13.3%
ALE vs SRE (3 yr)
In the last 3 years, Sempra Energy has given 35.1% return, outperforming this stock by 34.7%
Price to Sales
ForALE every $1 of sales, investors are willing to pay $2.4, whereas for Sempra Energy, the investors are paying $4.3 for every $1 of sales.

Allete 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
Profit	$462.7M	↓ 0.17%

	FY19	Y/Y Change
Profit	$435.1M	↓ 5.96%

	FY20	Y/Y Change
Profit	$424.8M	↓ 2.37%

	FY21	Y/Y Change
Profit	$453.5M	↑ 6.76%

	FY22	Y/Y Change
Profit	$446.8M	↓ 1.48%

	FY23	Y/Y Change
Profit	$489.9M	↑ 9.65%

	Q2 FY23	Q/Q Change
Profit	$124.5M	↓ 4.23%

	Q3 FY23	Q/Q Change
Profit	$114.6M	↓ 7.95%

	Q4 FY23	Q/Q Change
Profit	$57.2M	↓ 50.09%

	Q1 FY24	Q/Q Change
Profit	$66.0M	↑ 15.38%

	Q2 FY24	Q/Q Change
Profit	$45.7M	↓ 30.76%

	Q3 FY24	Q/Q Change
Profit	$131.4M	↑ 187.53%

	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 Technicals Summary

Sell

Neutral

Buy

Allete is currently not in a favorable trading position ( SELL ) according to technical analysis indicators.

Allete Vs Peers

Company Name	1 Month	6 Month	1 Year	3 Years	5 Years
Allete Inc	-0.66%	2.79%	4.56%	-0.19%	-19.8%
Brookfield Infrastructure Partners L.p.	-9.73%	11.64%	-1.51%	-19.93%	-5.22%
Sempra Energy	-7.91%	13.55%	16.59%	34.16%	15.25%
Aes Corporation, The	-0.31%	-31.54%	-32.85%	-44.8%	-34.21%

Company Name	P/E Ratio	P/B Ratio	PEG Ratio	EPS	ROE	ROA	Div Yield	BVPS
Allete Inc	20.71	20.71	2.22	3.7	0.04	0.02	0.04	48.97
Brookfield Infrastructure Partners L.p.	101.87	NA	1.18	0.62	0.05	0.03	0.05	10.05
Sempra Energy	18.92	18.92	2.02	4.77	0.1	0.02	0.03	45.5
Aes Corporation, The	8.64	8.64	1.09	1.93	-0.03	0.03	0.06	4.63

Company Name	Analyst View	Market Cap	5 Years Return %	PE Ratio	Profit Margin
Allete Inc	Hold	$3.7B	-19.8%	20.71	11.5%
Brookfield Infrastructure Partners L.p.	Buy	$14.3B	-5.22%	101.87	-0.55%
Sempra Energy	Buy	$54.4B	15.25%	18.92	22.7%
Aes Corporation, The	Buy	$8.8B	-34.21%	8.64	8.34%

Allete Dividend announcements

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

About Allete

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

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

Management People of Allete

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 from India :

What is Allete share price today?

Allete share price today stands at $64.50, Open: $64.45 ; Previous Close: $64.60 ; High: $64.75 ; Low: $64.50 ; 52 Week High: $65.86 ; 52 Week Low: $55.86. The stock opens at $64.45, after a previous close of $64.60. The stock reached a daily high of $64.75 and a low of $64.50, with a 52-week high of $65.86 and a 52-week low of $55.86.

Can Indians buy Allete shares?

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

With INDmoney, you can buy Allete 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 at zero transaction cost.

How can I buy Allete shares from India?

It is very easy to buy Allete 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 be purchased?

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

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

To start investing in Allete, 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.