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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. In addition, 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. Further, it owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illinois. Additionally, the company focuses on developing, acquiring, and operating clean and renewable energy projects; and owns and operates approximately 1,200 megawatts of wind energy generation facility, as well as involved in the coal mining operations in North Dakota; and real estate investment activities in Florida. It owns and operates 162 substations with a total capacity of 9,980 megavolt amperes. The company 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. more
Time Frame | ALE | Sector | S&P500 |
---|---|---|---|
1-Week Return | -0.72% | -3.53% | -3.47% |
1-Month Return | -0.14% | -6.32% | -0.29% |
3-Month Return | 0.96% | -4.57% | 4.5% |
6-Month Return | 2.3% | 8.22% | 6.91% |
1-Year Return | 7.37% | 18.44% | 23.79% |
3-Year Return | 1.1% | 7.71% | 28.43% |
5-Year Return | -21.19% | 15.87% | 83.64% |
10-Year Return | 17.96% | 58.67% | 185.94% |
Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | 5YR TREND | |
---|---|---|---|---|---|---|
Total Revenue | 1.24B | 1.17B | 1.42B | 1.57B | 1.88B | [{"date":"2019-12-31","value":65.99,"profit":true},{"date":"2020-12-31","value":62.19,"profit":true},{"date":"2021-12-31","value":75.5,"profit":true},{"date":"2022-12-31","value":83.56,"profit":true},{"date":"2023-12-31","value":100,"profit":true}] |
Cost of Revenue | 805.40M | 744.30M | 965.70M | 1.12B | 1.39B | [{"date":"2019-12-31","value":57.95,"profit":true},{"date":"2020-12-31","value":53.55,"profit":true},{"date":"2021-12-31","value":69.48,"profit":true},{"date":"2022-12-31","value":80.86,"profit":true},{"date":"2023-12-31","value":100,"profit":true}] |
Gross Profit | 435.10M | 424.80M | 453.50M | 446.80M | 489.90M | [{"date":"2019-12-31","value":88.81,"profit":true},{"date":"2020-12-31","value":86.71,"profit":true},{"date":"2021-12-31","value":92.57,"profit":true},{"date":"2022-12-31","value":91.2,"profit":true},{"date":"2023-12-31","value":100,"profit":true}] |
Gross Margin | 35.07% | 36.34% | 31.95% | 28.45% | 26.06% | [{"date":"2019-12-31","value":96.53,"profit":true},{"date":"2020-12-31","value":100,"profit":true},{"date":"2021-12-31","value":87.94,"profit":true},{"date":"2022-12-31","value":78.29,"profit":true},{"date":"2023-12-31","value":71.72,"profit":true}] |
Operating Expenses | 255.30M | 273.90M | 302.20M | 312.60M | 309.00M | [{"date":"2019-12-31","value":81.67,"profit":true},{"date":"2020-12-31","value":87.62,"profit":true},{"date":"2021-12-31","value":96.67,"profit":true},{"date":"2022-12-31","value":100,"profit":true},{"date":"2023-12-31","value":98.85,"profit":true}] |
Operating Income | 179.80M | 150.90M | 151.30M | 134.20M | 180.90M | [{"date":"2019-12-31","value":99.39,"profit":true},{"date":"2020-12-31","value":83.42,"profit":true},{"date":"2021-12-31","value":83.64,"profit":true},{"date":"2022-12-31","value":74.18,"profit":true},{"date":"2023-12-31","value":100,"profit":true}] |
Total Non-Operating Income/Expense | (61.40M) | (92.80M) | (107.20M) | (109.30M) | (44.60M) | [{"date":"2019-12-31","value":-6140000000,"profit":false},{"date":"2020-12-31","value":-9280000000,"profit":false},{"date":"2021-12-31","value":-10720000000,"profit":false},{"date":"2022-12-31","value":-10930000000,"profit":false},{"date":"2023-12-31","value":-4460000000,"profit":false}] |
Pre-Tax Income | 178.90M | 122.10M | 110.90M | 100.10M | 206.80M | [{"date":"2019-12-31","value":86.51,"profit":true},{"date":"2020-12-31","value":59.04,"profit":true},{"date":"2021-12-31","value":53.63,"profit":true},{"date":"2022-12-31","value":48.4,"profit":true},{"date":"2023-12-31","value":100,"profit":true}] |
Income Taxes | (6.60M) | (39.50M) | (26.90M) | (31.20M) | 27.90M | [{"date":"2019-12-31","value":-23.66,"profit":false},{"date":"2020-12-31","value":-141.58,"profit":false},{"date":"2021-12-31","value":-96.42,"profit":false},{"date":"2022-12-31","value":-111.83,"profit":false},{"date":"2023-12-31","value":100,"profit":true}] |
Income After Taxes | 185.50M | 161.60M | 137.80M | 131.30M | 178.90M | [{"date":"2019-12-31","value":100,"profit":true},{"date":"2020-12-31","value":87.12,"profit":true},{"date":"2021-12-31","value":74.29,"profit":true},{"date":"2022-12-31","value":70.78,"profit":true},{"date":"2023-12-31","value":96.44,"profit":true}] |
Income From Continuous Operations | 185.50M | 161.60M | 137.80M | 131.30M | 178.90M | [{"date":"2019-12-31","value":100,"profit":true},{"date":"2020-12-31","value":87.12,"profit":true},{"date":"2021-12-31","value":74.29,"profit":true},{"date":"2022-12-31","value":70.78,"profit":true},{"date":"2023-12-31","value":96.44,"profit":true}] |
Income From Discontinued Operations | - | - | - | - | - | [{"date":"2019-12-31","value":"-","profit":true},{"date":"2020-12-31","value":"-","profit":true},{"date":"2021-12-31","value":"-","profit":true},{"date":"2022-12-31","value":"-","profit":true},{"date":"2023-12-31","value":"-","profit":true}] |
Net Income | 185.60M | 174.20M | 169.20M | 131.30M | 247.10M | [{"date":"2019-12-31","value":75.11,"profit":true},{"date":"2020-12-31","value":70.5,"profit":true},{"date":"2021-12-31","value":68.47,"profit":true},{"date":"2022-12-31","value":53.14,"profit":true},{"date":"2023-12-31","value":100,"profit":true}] |
EPS (Diluted) | 3.59 | 3.35 | 3.23 | 3.48 | 4.30 | [{"date":"2019-12-31","value":83.49,"profit":true},{"date":"2020-12-31","value":77.91,"profit":true},{"date":"2021-12-31","value":75.12,"profit":true},{"date":"2022-12-31","value":80.93,"profit":true},{"date":"2023-12-31","value":100,"profit":true}] |
These ratios help you determine the liquidity of the company. Higher is better.
ALE | |
---|---|
Cash Ratio | 0.30 |
Current Ratio | 1.45 |
Quick Ratio | 0.95 |
These ratios help you understand the company's efficiency in using its assets to generate returns. Higher is better. For ROE, average long term is around 14%, less than 10% is poor.
ALE | |
---|---|
ROA (LTM) | 1.69% |
ROE (LTM) | 3.55% |
These ratios help you understand the company's liabilities, gauging the riskiness of the investment.
ALE | |
---|---|
Debt Ratio Lower is generally better. Negative is bad. | 0.50 |
Common Equity/Total Assets Higher is better. Lower can suggest investment is riskier. | 0.42 |
These ratios help you understand the company's valuation. Lower may indicate cheaper stocks.
ALE | |
---|---|
Trailing PE | 20.73 |
Forward PE | 17.42 |
P/S (TTM) | 2.39 |
P/B | 1.32 |
Price/FCF | 40 |
EV/R | 3.47 |
EV/Ebitda | 11.11 |
PEG | 2.21 |
Allete Inc (ALE) share price today is $64.564
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The 52-week high price of Allete Inc (ALE) is $65.19. The 52-week low price of Allete Inc (ALE) is $54.04.
The price-to-earnings (P/E) ratio of Allete Inc (ALE) is 20.7308
The price-to-book (P/B) ratio of Allete Inc (ALE) is 1.32
The dividend yield of Allete Inc (ALE) is 4.36%
The market capitalization of Allete Inc (ALE) is $3.74B
The stock symbol (or ticker) of Allete Inc is ALE