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ALE

ALE - ALLETE Inc Stock Price, Fair Value and News

56.55USD+0.46 (+0.82%)Market Closed
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Market Summary

USD56.55+0.46
Market Closed
0.82%

ALE Stock Price

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ALE RSI Chart

ALE Valuation

Market Cap

3.3B

Price/Earnings (Trailing)

13.18

Price/Sales (Trailing)

1.73

EV/EBITDA

9.03

Price/Free Cashflow

10.37

ALE Price/Sales (Trailing)

ALE Profitability

EBT Margin

11.00%

Return on Equity

7.25%

Return on Assets

3.71%

Free Cashflow Yield

9.64%

ALE Fundamentals

ALE Revenue

Revenue (TTM)

1.9B

Rev. Growth (Yr)

-5.43%

Rev. Growth (Qtr)

6.31%

ALE Earnings

Earnings (TTM)

247.1M

Earnings Growth (Yr)

-0.39%

Earnings Growth (Qtr)

-40.05%

Breaking Down ALE Revenue

Last 7 days

0.5%

Last 30 days

-3.8%

Last 90 days

5.1%

Trailing 12 Months

-1.8%

How does ALE drawdown profile look like?

ALE Financial Health

Current Ratio

1.24

Debt/Equity

0.49

Debt/Cashflow

0.35

ALE Investor Care

Dividend Yield

4.79%

Dividend/Share (TTM)

2.71

Shares Dilution (1Y)

0.70%

Diluted EPS (TTM)

4.3

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
20231.8B1.9B1.9B1.9B
20221.5B1.5B1.5B1.6B
20211.2B1.3B1.3B1.4B
20201.2B1.1B1.2B1.2B
20191.5B1.4B1.4B1.2B
20181.4B1.4B1.4B1.5B
20171.4B1.4B1.4B1.4B
20161.5B1.5B1.4B1.3B
20151.2B1.2B1.4B1.5B
20141.1B1.1B1.1B1.1B
2013985.0M1.0B1.0B1.0B
2012926.0M922.5M944.4M961.2M
2011915.6M924.3M927.1M928.2M
2010793.1M839.6M884.9M907.0M
2009790.5M780.0M769.6M759.1M
2008000801.0M

Tracking the Latest Insider Buys and Sells of ALLETE Inc

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Feb 07, 2024
skelton joshua john
acquired
-
-
1,801
vp; coo-minnesota power
Feb 07, 2024
johnson nicole renee
acquired
-
-
4,031
vp; pres.- ace
Feb 07, 2024
johnson nicole renee
sold (taxes)
-121,965
58.2
-2,095
vp; pres.- ace
Feb 07, 2024
morris steven wayne
sold (taxes)
-106,096
58.2
-1,822
sr vp & cfo
Feb 07, 2024
skelton joshua john
sold (taxes)
-62,987
58.2
-1,082
vp; coo-minnesota power
Feb 07, 2024
morris steven wayne
acquired
-
-
3,526
sr vp & cfo
Feb 07, 2024
thickens margaret a
acquired
-
-
3,526
vp, ch. legal ofcr & secretary
Feb 07, 2024
thickens margaret a
sold (taxes)
-106,278
58.2
-1,826
vp, ch. legal ofcr & secretary
Feb 07, 2024
owen bethany m
sold (taxes)
-405,035
58.2
-6,959
chair, president & ceo
Feb 07, 2024
cutshall patrick l
acquired
-
-
3,526
vp & treasurer

1–10 of 50

Which funds bought or sold ALE recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Feb 28, 2024
AMERICAN INTERNATIONAL GROUP, INC.
reduced
-3.05
709,378
6,477,880
0.03%
Feb 26, 2024
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
unchanged
-
346,000
2,542,000
0.02%
Feb 26, 2024
Neo Ivy Capital Management
new
-
236,000
236,000
0.53%
Feb 26, 2024
Krane Funds Advisors LLC
reduced
-14.63
-5,361
458,639
0.02%
Feb 21, 2024
Raleigh Capital Management Inc.
new
-
7,182
7,182
-%
Feb 20, 2024
Quarry LP
reduced
-95.16
-75,157
4,465
-%
Feb 16, 2024
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main
sold off
-100
-710,054
-
-%
Feb 16, 2024
PRICE T ROWE ASSOCIATES INC /MD/
added
12.43
1,049,000
4,519,000
-%
Feb 16, 2024
GSA CAPITAL PARTNERS LLP
sold off
-100
-584,000
-
-%
Feb 16, 2024
HARBOUR INVESTMENTS, INC.
reduced
-9.03
41,086
805,067
0.03%

1–10 of 49

Are Funds Buying or Selling ALE?

Are funds buying ALE calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own ALE
No. of Funds

Unveiling ALLETE Inc's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 13, 2024
vanguard group inc
11.45%
6,579,504
SC 13G/A
Jan 23, 2024
blackrock inc.
13.5%
7,786,833
SC 13G/A
Feb 09, 2023
vanguard group inc
10.86%
6,208,467
SC 13G/A
Jan 26, 2023
blackrock inc.
12.7%
7,254,952
SC 13G/A
Jan 20, 2023
blackrock inc.
12.7%
7,254,952
SC 13G/A
Feb 09, 2022
vanguard group inc
10.31%
5,422,778
SC 13G/A
Jan 27, 2022
blackrock inc.
11.9%
6,247,501
SC 13G/A
Jan 25, 2022
blackrock inc.
11.9%
6,247,501
SC 13G/A
Apr 12, 2021
vanguard group inc
10.01%
5,222,183
SC 13G/A
Feb 10, 2021
vanguard group inc
9.88%
5,137,182
SC 13G/A

Recent SEC filings of ALLETE Inc

View All Filings
Date Filed Form Type Document
Feb 20, 2024
10-K
Annual Report
Feb 20, 2024
8-K
Current Report
Feb 20, 2024
8-K/A
Current Report
Feb 13, 2024
SC 13G/A
Major Ownership Report
Feb 09, 2024
4
Insider Trading
Feb 09, 2024
4
Insider Trading
Feb 09, 2024
4
Insider Trading
Feb 09, 2024
4
Insider Trading
Feb 09, 2024
4
Insider Trading
Feb 09, 2024
4
Insider Trading

What is the Fair Value of ALE?

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Disclaimer: Conduct thorough research and seek guidance from a certified financial advisor prior to finalizing any investment choices.

Peers (Alternatives to ALLETE Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
44.8B
19.0B
-0.17% -10.16%
19.85
2.36
-3.35% -8.23%
23.1B
4.2B
-7.10% -18.36%
24.45
5.45
11.66% 15.12%
18.7B
7.9B
-3.31% -18.08%
16.11
2.36
6.33% 11.62%
17.0B
3.9B
-1.59% -1.35%
18.39
4.31
-15.47% 16.09%
12.0B
8.3B
-3.66% -21.21%
15.31
1.45
4.87% -10.78%
11.5B
28.8B
2.33% 48.88%
-6.47
0.4
-8.62% -194.18%
10.8B
12.7B
-9.06% -34.82%
55.9
0.85
0.40% 140.04%
MID-CAP
7.7B
4.7B
-4.67% -8.33%
15.66
1.65
8.59% -10.43%
3.3B
1.9B
-3.82% -1.80%
13.18
1.73
19.68% 30.53%
2.6B
1.7B
-5.94% -16.01%
15.15
1.49
2.04% 10.31%
SMALL-CAP
1.8T
670.6M
1.66% -14.88%
20.8K
2.7K
-1.48% -2.88%
465.0M
155.4M
-8.37% 100.66%
21.79
2.99
88.76% 261.60%
193.5M
1.9M
3.21% -32.00%
-6.13
100.79
79.73% -32.29%
35.1M
456.0M
1.79% 67.96%
5.68
0.08
1.78% 128.25%
13.7M
867.4K
-7.30% -12.23%
-3.55
11.75
-88.45% 73.79%

ALLETE Inc News

Latest updates
AmericanBankingNEWS41 hours ago
Zacks Investment Research2 months ago

ALLETE Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Revenue6.3%403379533565426388373384399345336339320294243312305288290357448
Costs and Expenses4.9%360343480517392355359330349314307297297252231251255251254300384
Operating Expenses-----------------63.0058.0067.0076.0087.00
EBITDA Margin4.3%0.29*0.28*0.23*0.24*0.27*0.28*0.28*0.29*0.29*0.29*0.31*0.32*0.34*0.36*0.35*0.35*0.36*0.33*0.32*0.31*-
Interest Expenses-2.9%20.0021.0021.0019.0020.0018.0019.0018.0017.0017.0017.0017.0018.0016.0016.0016.0016.0016.0016.0017.0016.00
Income Taxes-61.1%8.0019.00-0.402.00-11.80-7.20-8.30-3.90-7.60-4.90-4.00-10.40-15.60-5.50-8.50-13.80-2.30-2.40-4.803.00-6.80
Earnings Before Taxes-56.7%39.0089.0040.0039.0025.0020.0013.0043.0041.0019.0018.0033.0017.0033.008.0051.0047.0029.0029.0073.0054.00
EBT Margin8.1%0.11*0.10*0.07*0.06*0.06*0.07*0.08*0.08*0.08*0.06*0.08*0.08*0.09*0.12*0.12*0.13*0.14*0.13*0.13*0.12*-
Net Income-40.0%52.0086.0052.0058.0052.0034.0038.0066.0062.0028.0028.0052.0038.0041.0020.0066.0050.0031.0034.0071.0061.00
Net Income Margin1.1%0.13*0.13*0.10*0.10*0.12*0.13*0.13*0.13*0.12*0.11*0.12*0.13*0.14*0.15*0.15*0.15*0.15*0.14*0.14*0.13*-
Free Cashflow-117.5%-21.8012518922.0073.0026.00-35.70-62.50-40.9013.00-141-45.90-126-22.30-210-66.10-105-104-130-10.20-
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Assets0.2%6,6566,6456,5686,7056,8466,8586,8396,5566,4226,3326,2936,2756,0855,8795,7605,6205,4835,2765,1775,2195,165
  Current Assets-7.0%468503446570718722660481291279279378255265223275270296397556334
    Cash Equivalents-42.7%72.0012648.0030.0036.0042.0075.0060.0045.0059.0063.0015944.0079.0026.0067.0093.0010020335379.00
  Inventory-2.7%17518019434745647235619798.0090.0088.0074.0074.0075.0082.0079.0073.0085.0078.0074.0087.00
  Net PPE0.3%5,0134,9974,9744,9795,0045,0115,0275,0785,0885,0535,0224,9314,8414,6984,6454,4964,3774,2114,0633,9413,904
Liabilities0.0%3,2493,2483,1993,3473,4973,5043,4803,4133,4853,4783,4513,4283,2843,4333,3283,2473,1473,0682,9723,0203,009
  Current Liabilities-8.7%378414380464716706709557543646596575460630728623507483297322405
  Long Term Debt-100.0%-1,6861,6861,7561,6481,6531,5961,6691,7631,6491,6651,6521,5931,6081,3811,4001,4011,4051,5061,5251,429
    LT Debt, Current0.4%11111110717627330939127821437736329920440551032321321328.0014.0058.00
    LT Debt, Non Current-0.4%1,6801,6861,6861,7561,6481,6531,5961,6691,7631,6491,6651,6521,5931,6081,3811,4001,4011,4051,5061,5251,429
Shareholder's Equity22.2%3,4072,7871,7921,7862,6923,3541,7721,5411,5372,8551,4741,4682,7912,4461,4481,4421,4372,2081,4331,4311,429
  Retained Earnings1.2%1,0261,014967954935929933932891873879884865850841853819800799795755
Shares Outstanding0.2%58.0058.0057.0057.0057.0057.0055.0053.0053.0052.0052.0052.0052.0052.0052.0052.0052.0052.0052.0052.00-
Minority Interest-2.1%597610634642656671679694533515519526506165167102104----
Float-------3,350---3,650---2,825---4,285--
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Quarterly)
(In Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Cashflow From Operations-65.3%65.0018823992.0014089.00-3.10-4.8054.0010417.0089.0058.0099.0055.0088.0071.0081.0016.0079.00133
  Share Based Compensation57.9%3.002.002.001.001.002.001.001.001.002.001.002.001.002.001.002.001.002.002.002.002.00
Cashflow From Investing-19.8%-83.00-69.30-56.60-74.70-72.90-63.90-187-60.10-88.10-91.40-174-130-181-145-304-181-182-206-139185-139
Cashflow From Financing12.6%-34.10-39.00-171-18.30-75.60-58.3019792.0016.00-14.0048.0015410494.0020880.0070.0053.00-35.6022.00-56.30
  Dividend Payments-49.8%39.0078.00-38.8039.00111-37.10-37.0035.0099.00-33.00-32.9033.0096.00-32.10-32.0032.0091.00-30.30-30.4030.0086.00

ALE Income Statement

2023-12-31
Consolidated Statement of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating Revenue [Abstract]   
Contracts with Customers – Utility$ 1,238.3$ 1,259.3$ 1,227.9
Contracts with Customers – Non-utility636.4303.8179.9
Other – Non-utility5.17.611.4
Total Operating Revenue1,879.81,570.71,419.2
Operating Expenses   
Fuel, Purchased Power and Gas – Utility482.9545.5562.4
Transmission Services – Utility88.276.775.3
Cost of Sales – Non-utility473.5182.868.8
Operating and Maintenance345.3318.9259.2
Depreciation and Amortization251.8242.2231.7
Taxes Other than Income Taxes57.270.470.5
Total Operating Expenses1,698.91,436.51,267.9
Operating Income180.9134.2151.3
Other Income (Expense)   
Interest Expense(80.8)(75.2)(69.1)
Equity Earnings21.718.720.0
Other85.022.48.7
Total Other Income (Expense)25.9(34.1)(40.4)
Income Before Non-Controlling Interest and Income Taxes206.8100.1110.9
Income Tax Expense (Benefit)27.9(31.2)(26.9)
Net Income178.9131.3137.8
Net Loss Attributable to Non-Controlling Interest(68.2)(58.0)(31.4)
Net Income Attributable to ALLETE$ 247.1$ 189.3$ 169.2
Average Shares of Common Stock   
Basic (in shares)57.355.952.4
Diluted (in shares)57.456.052.5
Basic Earnings Per Share of Common Stock (in usd per share)$ 4.31$ 3.38$ 3.23
Diluted Earnings Per Share of Common Stock (in dollars per share)$ 4.30$ 3.38$ 3.23

ALE Balance Sheet

2023-12-31
Consolidated Balance Sheet - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current Assets  
Cash and Cash Equivalents$ 71.9$ 36.4
Accounts Receivable (Less Allowance of $1.6 and $1.6 )137.2137.9
Inventories – Net175.4455.9
Prepayments and Other83.687.8
Total Current Assets468.1718.0
Property, Plant and Equipment – Net5,013.45,004.0
Regulatory Assets425.4441.0
Equity Investments331.2322.7
Goodwill and Intangible Assets – Net155.4155.6
Other Non-Current Assets262.9204.3
Total Assets6,656.46,845.6
Current Liabilities  
Accounts Payable102.2103.0
Accrued Taxes51.069.1
Accrued Interest21.120.5
Long-Term Debt Due Within One Year111.4272.6
Other91.9251.0
Total Current Liabilities377.6716.2
Long-Term Debt1,679.91,648.2
Deferred Income Taxes192.7158.1
Regulatory Liabilities574.0526.1
Defined Benefit Pension and Other Postretirement Benefit Plans160.8179.7
Other Non-Current Liabilities264.3269.0
Total Liabilities3,249.33,497.3
Commitments, Guarantees and Contingencies (Note 9)
Redeemable Non-Controlling Interest0.50.0
ALLETE Equity  
Common Stock Without Par Value, 80.0 Shares Authorized, 57.6 and 57.2 Shares Issued and Outstanding1,803.71,781.5
Accumulated Other Comprehensive Loss(20.5)(24.4)
Retained Earnings1,026.4934.8
Total ALLETE Equity2,809.62,691.9
Non-Controlling Interest in Subsidiaries597.0656.4
Total Equity3,406.63,348.3
Total Liabilities, Redeemable Non-Controlling Interest and Equity$ 6,656.4$ 6,845.6
ALE
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 150,000 retail customers and 14 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 1,300 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 162 substations with a total capacity of 10,116 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. The company was incorporated in 1906 and is headquartered in Duluth, Minnesota.
 CEO
 WEBSITEwww.allete.com
 EMPLOYEES1495

ALLETE Inc Frequently Asked Questions


What is the ticker symbol for ALLETE Inc? What does ALE stand for in stocks?

ALE is the stock ticker symbol of ALLETE Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of ALLETE Inc (ALE)?

As of Thu Feb 29 2024, market cap of ALLETE Inc is 3.26 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of ALE stock?

You can check ALE's fair value in chart for subscribers.

What is the fair value of ALE stock?

You can check ALE's fair value in chart for subscribers. The fair value of ALLETE Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of ALLETE Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for ALE so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is ALLETE Inc a good stock to buy?

The fair value guage provides a quick view whether ALE is over valued or under valued. Whether ALLETE Inc is cheap or expensive depends on the assumptions which impact ALLETE Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for ALE.

What is ALLETE Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Thu Feb 29 2024, ALE's PE ratio (Price to Earnings) is 13.18 and Price to Sales (PS) ratio is 1.73. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. ALE PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on ALLETE Inc's stock?

In the past 10 years, ALLETE Inc has provided 0.049 (multiply by 100 for percentage) rate of return.