Stock Ideas
New
Stocks
Funds
Screener
Sectors
Watchlists
ALE

ALE - ALLETE Inc Stock Price, Fair Value and News

63.03USD-0.06 (-0.10%)Market Closed

Market Summary

ALE
USD63.03-0.06
Market Closed
-0.10%

ALE Alerts

  • Big fall in Revenue (Y/Y)

ALE Stock Price

View Fullscreen

ALE RSI Chart

ALE Valuation

Market Cap

3.6B

Price/Earnings (Trailing)

15.18

Price/Sales (Trailing)

2.12

EV/EBITDA

9.86

Price/Free Cashflow

12.49

ALE Price/Sales (Trailing)

ALE Profitability

EBT Margin

12.15%

Return on Equity

8.49%

Return on Assets

3.63%

Free Cashflow Yield

8.01%

ALE Fundamentals

ALE Revenue

Revenue (TTM)

1.7B

Rev. Growth (Yr)

-28.61%

Rev. Growth (Qtr)

0.15%

ALE Earnings

Earnings (TTM)

239.6M

Earnings Growth (Yr)

-12.89%

Earnings Growth (Qtr)

-1.55%

Breaking Down ALE Revenue

Last 7 days

0.1%

Last 30 days

0.2%

Last 90 days

8.1%

Trailing 12 Months

4.8%

How does ALE drawdown profile look like?

ALE Financial Health

Current Ratio

1.66

Debt/Equity

0.63

Debt/Cashflow

0.31

ALE Investor Care

Dividend Yield

4.34%

Dividend/Share (TTM)

2.74

Shares Dilution (1Y)

0.70%

Diluted EPS (TTM)

4.16

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
20241.7B000
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
20090787.0M773.1M759.1M
2008000801.0M
GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

PurpleZone


Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224


Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index
Very Expensive Stocks
Very Cheap Stocks
Try For Just $1.99

Tracking the Latest Insider Buys and Sells of ALLETE Inc

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Jun 03, 2024
hoolihan james j
acquired
-
-
1,742
-
Jun 03, 2024
thomas charlene a
acquired
-
-
1,742
-
Jun 03, 2024
neve douglas c
acquired
-
-
1,742
-
Jun 03, 2024
nick barbara a
acquired
-
-
1,742
-
Jun 03, 2024
ludlow madeleine w
acquired
-
-
1,742
-
Jun 03, 2024
powers robert p
acquired
-
-
1,742
-
Jun 03, 2024
nestegard susan k
acquired
-
-
1,742
-
Jun 03, 2024
goldfarb george g
acquired
-
-
1,742
-
Jun 03, 2024
matthews charles r
acquired
-
-
1,742
-
Feb 07, 2024
morris steven wayne
sold (taxes)
-106,096
58.2
-1,822
sr vp & cfo

1–10 of 50

Which funds bought or sold ALE recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Jun 11, 2024
EverSource Wealth Advisors, LLC
reduced
-18.82
-5,562
20,431
-%
May 28, 2024
Boston Partners
added
59.21
646,120
1,815,500
-%
May 28, 2024
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
reduced
-52.87
-1,374,000
1,168,000
0.01%
May 24, 2024
Cetera Investment Advisers
new
-
1,276,070
1,276,070
-%
May 16, 2024
Tidal Investments LLC
reduced
-13.86
-77,458
406,685
0.01%
May 16, 2024
Virtus Investment Advisers, Inc.
reduced
-71.09
-333,602
130,969
0.09%
May 16, 2024
JANE STREET GROUP, LLC
reduced
-17.11
-290,274
1,224,170
-%
May 16, 2024
COMERICA BANK
added
29.34
405,512
1,957,740
0.01%
May 16, 2024
Ancora Advisors LLC
unchanged
-
-26,464
1,038,330
0.02%
May 16, 2024
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
reduced
-5.28
-283,602
3,429,360
-%

1–10 of 50

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
Jun 06, 2024
3
Insider Trading
Jun 04, 2024
4
Insider Trading
Jun 04, 2024
4
Insider Trading
Jun 04, 2024
4
Insider Trading
Jun 04, 2024
4
Insider Trading
Jun 04, 2024
4
Insider Trading
Jun 04, 2024
4
Insider Trading
Jun 04, 2024
4
Insider Trading
Jun 04, 2024
4
Insider Trading
Jun 04, 2024
4
Insider Trading

Peers (Alternatives to ALLETE Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
2.4T
698.2M
-3.49% -15.61%
24.5K
3.4K
3.29% 8.78%
46.3B
19.3B
-3.18% 5.13%
16.44
2.4
-2.13% 41.75%
25.2B
4.3B
-2.97% -11.59%
26.24
5.84
10.78% 15.26%
18.7B
7.3B
-6.52% -15.50%
16.18
2.57
-10.88% 5.77%
17.5B
4.1B
-0.94% -0.79%
17.53
4.32
-11.13% 20.48%
16.5B
28.5B
-3.31% 131.10%
10.06
0.58
-9.05% 188.86%
13.9B
12.5B
-3.54% -4.77%
26.28
1.11
-3.77% 203.92%
13.7B
8.3B
-4.82% -7.19%
15.34
1.66
0.05% 30.98%
MID-CAP
8.7B
4.7B
-0.12% -6.23%
16.21
1.86
4.84% 12.15%
3.6B
1.7B
0.16% 4.81%
15.18
2.12
-1.93% 32.23%
2.7B
1.9B
-9.57% -13.37%
14.4
1.44
9.47% 35.66%
SMALL-CAP
398.6M
187.0M
-15.47% 14.61%
12.33
2.13
74.12% 306.55%
211.5M
3.0M
18.18% -30.04%
-7.66
70.93
100.34% 6.65%
35.5M
417.4M
0.18% 1.01%
1.5
0.09
-10.19% 525.10%
7.2M
867.4K
-17.31% -56.78%
-7.7
9.96
-88.45% 77.17%

ALLETE Inc News

Latest updates
Defense World20 hours ago
Yahoo Movies UK31 May 202401:33 pm
Yahoo Finance09 May 202407:00 am
Simply Wall St29 Apr 202407:00 am

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/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Revenue0.1%403403379533565426388373384399345336339320294243312305288290357
Costs and Expenses-1.0%356360343480517392355359330349314307297297252231251255251254300
Operating Expenses------------------63.0058.0067.0076.00
EBITDA Margin10.6%0.32*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*--
Interest Expenses2.5%20.0020.0021.0021.0019.0020.0018.0019.0018.0017.0017.0017.0017.0018.0016.0016.0016.0016.0016.0016.0017.00
Income Taxes-46.7%4.008.0019.00-0.402.00-11.80-7.20-8.30-3.90-7.60-4.90-4.00-10.40-15.60-5.50-8.50-13.80-2.30-2.40-4.803.00
Earnings Before Taxes6.5%41.0039.0089.0040.0039.0025.0020.0013.0043.0041.0019.0018.0033.0017.0033.008.0051.0047.0029.0029.0073.00
EBT Margin10.4%0.12*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*--
Net Income-1.6%51.0052.0086.0052.0058.0052.0034.0038.0066.0062.0028.0028.0052.0038.0041.0020.0066.0050.0031.0034.0071.00
Net Income Margin6.1%0.14*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*--
Free Cashflow97.7%-0.50-21.8012518922.0073.0026.00-35.70-62.50-40.9013.00-141-45.90-126-22.30-210-66.10-105-104--
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Assets-0.8%6,6056,6566,6456,5686,7056,8466,8586,8396,5566,4226,3326,2936,2756,0855,8795,7605,6205,4835,2765,1775,219
  Current Assets-7.5%433468503446570718722660481291279279378255265223275270296397556
    Cash Equivalents-55.5%32.0072.0012648.0030.0036.0042.0075.004.0045.0059.0063.0015965.0079.0026.0067.0093.00100203353
  Inventory4.2%18317518019434745647235619798.0090.0088.0074.0074.0075.0082.0079.0073.0085.0078.0074.00
  Net PPE-0.1%5,0095,0134,9974,9744,9795,0045,0115,0275,0785,0885,0535,0224,9314,8414,6984,6454,4964,3774,2114,0633,941
Liabilities-1.7%3,1963,2493,2483,1993,3473,4973,5043,4803,4133,4853,4783,4513,4283,2843,4333,3283,2473,1473,0682,9723,020
  Current Liabilities-30.9%261378414380464716706709557543646596575460630728623507483297322
  Long Term Debt5.5%1,7721,6801,6861,6861,7561,6481,6531,5961,6691,7631,6491,6651,6521,5931,6081,3811,4001,4011,4051,5061,525
    LT Debt, Current-84.6%17.0011111110717627330939127821437736329920440551032321321328.0014.00
    LT Debt, Non Current5.5%1,7721,6801,6861,6861,7561,6481,6531,5961,6691,7631,6491,6651,6521,5931,6081,3811,4001,4011,4051,5061,525
Shareholder's Equity0.5%2,8232,8102,7879673,3586563,3543,3599322,9382,8552,8428845062,4462,4328531,4372,2081,4332,199
  Retained Earnings1.0%1,0371,0261,014967954935929933932891873879884865850841853819800799795
Shares Outstanding0.2%58.0058.0058.0057.0057.0057.0056.0055.0053.0052.0052.0052.0052.0052.0052.0052.0052.0052.0052.00--
Minority Interest-1.9%586597610634642656671679694533515519526506165167102104---
Float----3,321---3,350---3,650---2,825---4,285-
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Quarterly)
(In Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Cashflow From Operations-8.0%60.0065.0018823992.0014089.00-3.10-4.8054.0010417.0089.0058.0099.0055.0088.0071.0081.0016.0079.00
  Share Based Compensation-43.3%2.003.002.002.001.001.002.001.001.001.002.001.002.001.002.001.002.001.002.002.002.00
Cashflow From Investing26.7%-60.80-83.00-69.30-56.60-74.70-72.90-63.90-187-60.10-88.10-91.40-174-130-181-145-304-181-182-206-139185
Cashflow From Financing-12.6%-38.40-34.10-39.00-171-18.30-75.60-58.3019792.0016.00-14.0048.0015410494.0020880.0070.0053.00-35.6022.00
  Dividend Payments4.1%41.0039.0078.00-38.8039.00111-37.10-37.0035.0099.00-33.00-32.9033.0096.00-32.10-32.0032.0091.00-30.30-30.4030.00
Get Full Access to Grufity – and Unlimited Downloads
Gain full access to fair value, watchlists, stock screener, unlimited page visits, and additional features by joining as a member today for just $1.99.
Try For Just $1.99

ALE Income Statement

2024-03-31
Consolidated Statement of Income Unaudited - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating Revenue  
Contracts with Customers – Utility$ 338.3$ 312.6
Contracts with Customers – Non-utility63.7251.0
Other – Non-utility1.31.3
Total Operating Revenue403.3564.9
Operating Expenses  
Fuel, Purchased Power and Gas – Utility133.5118.6
Transmission Services – Utility22.720.1
Cost of Sales – Non-utility24.4210.5
Operating and Maintenance91.785.7
Depreciation and Amortization65.062.3
Taxes Other than Income Taxes18.719.4
Total Operating Expenses356.0516.6
Operating Income47.348.3
Other Income (Expense)  
Interest Expense(20.4)(19.3)
Equity Earnings5.56.0
Other8.64.1
Total Other Expense(6.3)(9.2)
Income Before Income Taxes41.039.1
Income Tax Expense4.01.5
Net Income37.037.6
Net Loss Attributable to Non-Controlling Interest(13.7)(20.6)
Net Income Attributable to ALLETE$ 50.7$ 58.2
Earnings Per Share [Abstract]  
Basic (in shares)57.657.3
Diluted (in shares)57.757.3
Basic Earnings Per Share of Common Stock (in usd per share)$ 0.88$ 1.02
Diluted Earnings Per Share of Common Stock (in usd per share)$ 0.88$ 1.02

ALE Balance Sheet

2024-03-31
Consolidated Balance Sheet Unaudited - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current Assets  
Cash and Cash Equivalents$ 32.0$ 71.9
Accounts Receivable (Less Allowance of $1.7 and $1.6)142.2137.2
Inventories – Net182.7175.4
Prepayments and Other76.383.6
Total Current Assets433.2468.1
Property, Plant and Equipment – Net5,009.15,013.4
Regulatory Assets409.0425.4
Equity Investments333.1331.2
Goodwill and Intangible Assets – Net155.4155.4
Other Non-Current Assets264.8262.9
Total Assets6,604.66,656.4
Current Liabilities  
Accounts Payable84.2102.2
Accrued Taxes62.951.0
Accrued Interest16.321.1
Long-Term Debt Due Within One Year17.2111.4
Other80.291.9
Total Current Liabilities260.8377.6
Long-Term Debt1,772.41,679.9
Deferred Income Taxes195.0192.7
Regulatory Liabilities564.0574.0
Defined Benefit Pension and Other Postretirement Benefit Plans135.4160.8
Other Non-Current Liabilities268.0264.3
Total Liabilities3,195.63,249.3
Commitments, Guarantees and Contingencies (Note 6)
Redeemable Non-Controlling Interest0.50.5
Equity  
Common Stock Without Par Value, 80.0 Shares Authorized, 57.7 and 57.6 Shares Issued and Outstanding1,807.41,803.7
Accumulated Other Comprehensive Loss(20.9)(20.5)
Retained Earnings1,036.51,026.4
Total ALLETE Equity2,823.02,809.6
Non-Controlling Interest in Subsidiaries585.5597.0
Total Equity3,408.53,406.6
Total Liabilities, Redeemable Non-Controlling Interest and Equity$ 6,604.6$ 6,656.4
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
 WEBSITEallete.com
 INDUSTRYUtilities Regulated Electric
 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 Jun 13 2024, market cap of ALLETE Inc is 3.64 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 Jun 13 2024, ALE's PE ratio (Price to Earnings) is 15.18 and Price to Sales (PS) ratio is 2.12. 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 0.059 (multiply by 100 for percentage) rate of return.