$25 Stock to Fuel the AI Market Boom of 2024

One secretive company's new technology is poised to disrupt the AI market -- a market that is projected to grow from roughly $500 billion to $200 trillion. That's a surge of 39,900% over the next six years. Today, you can invest in this one-of-a-kind company for just $25 a share.

ALLETE, Inc
NYSE:ALE
$59.7

Financials

Curr Year EPS Estimate3.19
Next Quarter EPS Estimate1.15
Profit Margin0.15
Return on Assets0.02
Return on Equity0.06
Revenue1,169,100,032
Earnings Per Share3.35
Revenue Per Share22.53
Gross Profit424,800,000
Quarterly Revenue Growth0.05

General

NameALLETE, Inc
TickerALE
ExchangeNYSE
SectorUtilities
IndustryUtilities-Diversified
CurrencyUSD
CountryUSA
Fiscal Year EndDecember
Full Time Employees1,322

About ALLETE, Inc

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 Illinois. In addition, the company focuses on developing, acquiring, and operating clean and renewable energy projects; and owns and operates approximately 1,000 megawatts of wind energy generation facility. Further, it is involved in the coal mining operations in North Dakota; and real estate investment activities in Florida. The company owns and operates 158 substations with a total capacity of 10,066 megavolt amperes. It serves taconite mining, paper, pulp and secondary wood products, pipeline, and other industries. The company was formerly known as Minnesota Power, Inc. and changed its name to ALLETE, Inc. in May 2001. ALLETE, Inc. was incorporated in 1906 and is headquartered in Duluth, Minnesota.

Dividend

ALLETE, Inc pays out a dividend of $2.47 per share, with a dividend yield of 4.57%.

ALE's last dividend payment was made to shareholders on March 1, 2021.

They pay out 70.77% of their earnings out as a dividend.

Recent Dividends

Mar 1, 2024$0.71
Dec 1, 2023$0.68
Sep 1, 2023$0.68
Jun 1, 2023$0.68
Mar 1, 2023$0.68
Dec 1, 2022$0.65
Sep 1, 2022$0.65
Jun 1, 2022$0.65
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