ALLETE Stock Price and Value Analysis

Should you buy ALLETE stock? (NYSE:ALE). Let's see how it does in our automated value investing analysis system.

  • This company has amazingly consistent growth!
  • This company is solid.
  • This company has a large dividend yield!
  • This stock looks overpriced.
  • This company is not making money.

Inside the ALE Numbers

ALE Price
(ALLETE stock price per share)
[?] PE Ratio versus Sector 22% higher than other Utilities stocks
[?] PE Ratio versus Industry 67% higher than other Unknown stocks
[?] Cash Yield 6.70%
[?] Free Cash Flow Jitter 2%
[?] Dividend Yield 5%
Shares Shorted 1,355,840

This stock has short interest! This means that people have shorted it.

Why does that matter? They've made a bet that price will decrease from where they bought it. Maybe there are financial problems, or maybe there's a value play.

As of the latest analysis, there are 1,355,840 shares shorted. With 56,884,200 shares available for purchase and an average trading volume over the past 10 trading days of 397,050, it would take at least 3.415 days for all of the short holders to cover their shorts.

Is ALLETE Stock on Sale?

Based on our analysis, we believe that you should not buy ALLETE right now. It might be a good stock to own—we just can't prove it with value analysis right now. Proceed with caution.

Should You Buy ALE Stock?

Does ALLETE have a coherent story? Does it have a plan to continue to make money? Is it worth your time? Only you can decide where to go from here. Our investment guide helps you ask the right questions, including how to buy stocks. Use these research links for more information.