Allete, Inc. (ALE): Price and Financial Metrics


Allete, Inc. (ALE): $60.34

0.23 (+0.38%)

POWR Rating

Component Grades

Growth

S

Value

I

Momentum

G

Stability

N

Sentiment

U

Quality

P

ALE POWR Grades


  • ALE scores best on the Stability dimension, with a Stability rank ahead of 76.23% of US stocks.
  • ALE's strongest trending metric is Stability; it's been moving up over the last 52 weeks.
  • ALE's current lowest rank is in the Quality metric (where it is better than 13.76% of US stocks).

ALE Stock Summary

  • ALE's went public 35.93 years ago, making it older than 92.76% of listed US stocks we're tracking.
  • Of note is the ratio of Allete Inc's sales and general administrative expense to its total operating expenses; merely 0.35% of US stocks have a lower such ratio.
  • The ratio of debt to operating expenses for Allete Inc is higher than it is for about 89.37% of US stocks.
  • If you're looking for stocks that are quantitatively similar to Allete Inc, a group of peers worth examining would be SWX, PEB, NOMD, PNW, and CUZ.
  • Visit ALE's SEC page to see the company's official filings. To visit the company's web site, go to www.allete.com.

ALE Valuation Summary

  • ALE's EV/EBIT ratio is 27.1; this is 19.38% higher than that of the median Utilities stock.
  • Over the past 243 months, ALE's price/sales ratio has gone up 1.4.
  • Over the past 243 months, ALE's price/sales ratio has gone up 1.4.

Below are key valuation metrics over time for ALE.

Stock Date P/S P/B P/E EV/EBIT
ALE 2021-09-01 2.8 1.5 21.3 27.1
ALE 2021-08-31 2.7 1.5 21.0 26.9
ALE 2021-08-30 2.7 1.5 21.1 26.9
ALE 2021-08-27 2.8 1.5 21.2 27.0
ALE 2021-08-26 2.7 1.5 21.0 26.9
ALE 2021-08-25 2.8 1.5 21.3 27.1

ALE Growth Metrics

  • The 4 year net income to common stockholders growth rate now stands at 23.32%.
  • Its 4 year price growth rate is now at -8.5%.
  • The year over year revenue growth rate now stands at 0.15%.
Over the past 15 months, ALE's revenue has gone up $192,900,000.

The table below shows ALE's growth in key financial areas (numbers in millions of US dollars).

Date Revenue Operating Cash Flow Net Income to Common Stock
2021-09-30 1,340.6 265.1 154.4
2021-06-30 1,289.1 261 167.5
2021-03-31 1,196.7 299.5 159.7
2020-12-31 1,169.1 299.8 174.2
2020-09-30 1,153.3 317 176.8
2020-06-30 1,147.7 298.8 167.3

ALE's Quality Factors

The “Quality” component of the POWR Ratings focuses on 31 different factors of a companies fundamentals and operational strength. Here are some key insights as we drill into the specifics of these quality attributes.
  • ALE has a Quality Grade of D, ranking ahead of 8.28% of graded US stocks.
  • ALE's asset turnover comes in at 0.215 -- ranking 52nd of 105 Utilities stocks.
  • BKH, DTE, and UTL are the stocks whose asset turnover ratios are most correlated with ALE.

The table below shows ALE's key quality metrics over time.

Period Asset Turnover Gross Margin ROIC
2021-09-30 0.215 0.274 0.026
2021-06-30 0.210 0.290 0.028
2021-03-31 0.199 0.297 0.026
2020-12-31 0.200 0.315 0.029
2020-09-30 0.203 0.326 0.031
2020-06-30 0.207 0.320 0.031

ALE Price Target

For more insight on analysts targets of ALE, see our ALE price target page. And for a list of of all stocks sorted by upside potential based on analyst target price, see our Top Price Target page.

Average Price Target $71.40 Average Broker Recommendation 1.92 (Hold)

ALE Stock Price Chart Interactive Chart >

Price chart for ALE

ALE Price/Volume Stats

Current price $60.34 52-week high $73.10
Prev. close $60.11 52-week low $56.08
Day low $59.80 Volume 296,435
Day high $61.11 Avg. volume 283,770
50-day MA $61.79 Dividend yield 4.19%
200-day MA $66.90 Market Cap 3.17B

Allete, Inc. (ALE) Company Bio


ALLETE Inc. provides regulated electric, natural gas, and water services in northwestern Wisconsin as well as regulated utility electric service in northeastern Minnesota. The company also owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illinois. The company was founded in 1906 and is based in Duluth, Minnesota.


ALE Latest News Stream


Event/Time News Detail
Loading, please wait...

ALE Latest Social Stream


Loading social stream, please wait...

View Full ALE Social Stream

Latest ALE News From Around the Web

Below are the latest news stories about Allete Inc that investors may wish to consider to help them evaluate ALE as an investment opportunity.

ALLETE, Inc. (NYSE:ALE) Announces Quarterly Dividend of $0.63

ALLETE, Inc. (NYSE:ALE) announced a quarterly dividend on Monday, November 1st, Wall Street Journal reports. Investors of record on Monday, November 15th will be given a dividend of 0.63 per share by the utilities provider on Wednesday, December 1st. This represents a $2.52 annualized dividend and a dividend yield of 3.85%. The ex-dividend date is []

Dakota Financial News | November 11, 2021

Nuveen Asset Management LLC Has $20.39 Million Holdings in ALLETE, Inc. (NYSE:ALE)

Nuveen Asset Management LLC decreased its position in shares of ALLETE, Inc. (NYSE:ALE) by 2.7% in the 2nd quarter, HoldingsChannel reports. The firm owned 291,406 shares of the utilities providers stock after selling 8,019 shares during the quarter. Nuveen Asset Management LLCs holdings in ALLETE were worth $20,392,000 at the end of the most recent []

Transcript Daily | November 8, 2021

ALLETE, Inc. (ALE) CEO Bethany Owen on Q3 2021 Results - Earnings Call Transcript

ALLETE, Inc. (ALE) Q3 2021 Earnings Conference Call Nov 04, 2021 10:00 AM ET Company Participants Bethany Owen - President & Chief Executive Officer Steve Morris - Vice President & Chief Accounting Officer Bob Adams - Senior Vice President & Chief Financial Officer Al Rudeck - President of ALLETE Clean...

SA Transcripts on Seeking Alpha | November 6, 2021

Brookfield Asset Management Inc. Boosts Stock Holdings in ALLETE, Inc. (NYSE:ALE)

Brookfield Asset Management Inc. raised its holdings in ALLETE, Inc. (NYSE:ALE) by 25.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 959,158 shares of the utilities providers stock after purchasing an additional 191,825 shares during the period. Brookfield Asset Management Inc. []

Transcript Daily | November 5, 2021

ALLETE (NYSE:ALE) Posts Quarterly Earnings Results, Misses Expectations By $0.18 EPS

ALLETE (NYSE:ALE) released its quarterly earnings data on Wednesday. The utilities provider reported $0.53 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.18), MarketWatch Earnings reports. The company had revenue of $345.70 million during the quarter, compared to analyst estimates of $300.20 million. ALLETE had a net margin of 12.99% and a []

Dakota Financial News | November 5, 2021

Read More 'ALE' Stories Here

ALE Price Returns

1-mo -0.99%
3-mo -9.62%
6-mo -10.52%
1-year 8.38%
3-year -17.44%
5-year 15.38%
YTD 1.11%
2020 -20.47%
2019 9.62%
2018 5.60%
2017 19.38%
2016 30.93%

ALE Dividends

Ex-Dividend Date Type Payout Amount Change
Loading, please wait...
View Full ALE Dividend History

Continue Researching ALE

Here are a few links from around the web to help you further your research on Allete Inc's stock as an investment opportunity:

Allete Inc (ALE) Stock Price | Nasdaq
Allete Inc (ALE) Stock Quote, History and News - Yahoo Finance
Allete Inc (ALE) Stock Price and Basic Information | MarketWatch

Get Free Updates

Join thousands of investors who get the latest news, insights and top rated picks from StockNews.com!


Page generated in 0.8367 seconds.