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


Allete, Inc. (ALE): $61.53

-0.58 (-0.93%)

POWR Rating

Component Grades

Growth

S

Value

I

Momentum

G

Stability

N

Sentiment

U

Quality

P

ALE POWR Grades


  • Stability is the dimension where ALE ranks best; there it ranks ahead of 76.77% of US stocks.
  • ALE's strongest trending metric is Momentum; it's been moving down over the last 47 weeks.
  • ALE ranks lowest in Quality; there it ranks in the 8th percentile.

ALE Stock Summary

  • ALE's one year PEG ratio, measuring expected growth in earnings next year relative to current common stock price is 10,164.57 -- higher than 99.63% of US-listed equities with positive expected earnings growth.
  • Of note is the ratio of Allete Inc's sales and general administrative expense to its total operating expenses; just 0.41% of US stocks have a lower such ratio.
  • The volatility of Allete Inc's share price is greater than that of only 5.28% US stocks with at least 200 days of trading history.
  • Stocks that are quantitatively similar to ALE, based on their financial statements, market capitalization, and price volatility, are SWX, NOMD, PNW, MGEE, and NFG.
  • ALE's SEC filings can be seen here. And to visit Allete Inc's official 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

  • Its 3 year net income to common stockholders growth rate is now at 31.61%.
  • The 3 year cash and equivalents growth rate now stands at 264.23%.
  • Its 4 year cash and equivalents growth rate is now at -30.93%.
Over the past 15 months, ALE's revenue has gone up $94,200,000.

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
2021-06-30 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
2020-03-31 1,194.9 259.2 181.4

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 8.78% of graded US stocks.
  • ALE's asset turnover comes in at 0.21 -- ranking 54th of 105 Utilities stocks.
  • BKH, DTE, and NFG 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
2021-06-30 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
2020-03-31 0.222 0.324 0.035

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 1.86 (Hold)

ALE Stock Price Chart Interactive Chart >

Price chart for ALE

ALE Price/Volume Stats

Current price $61.53 52-week high $73.10
Prev. close $62.11 52-week low $49.98
Day low $61.07 Volume 180,912
Day high $62.62 Avg. volume 280,605
50-day MA $69.02 Dividend yield 4.06%
200-day MA $67.13 Market Cap 3.22B

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 and Triniti Consulting Successfully Deploy Oracle Utilities Customer to Meter

ATLANTA--(BUSINESS WIRE)--Triniti Consulting is pleased to announce the successful April 2021 implementation of Oracle Utilities Customer to Meter (C2M) at ALLETE Inc.

Business Wire | August 18, 2021

10 Utilities Stocks with Over 3% Dividend Yield

In this article, we will be looking at 10 utilities stocks with over 3% yield. To skip our detailed analysis of utility stocks, you can go directly to see the 5 Utilities Stocks with Over 3% Yield. In the midst of a prolonged economic recession and threats of rising inflation and interest rates, investor circles and […]

Yahoo | August 14, 2021

ALLETE's (ALE) Q2 Earnings Miss Estimates, Revenues Beat

ALLETE's (ALE) second-quarter earnings miss estimates while revenues beat the same. It registers a strong electricity sales volume, backed by Other Power suppliers load.

Yahoo | August 9, 2021

ALLETE (ALE) Q2 2021 Earnings Call Transcript

Certain statements contained in this conference call that are not descriptions of historical facts are forward-looking statements, such as terms defined in the Private Securities Litigation Reform Act of 1995. Because such statements can include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause results to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to, those discussed in filings made by the company with the Securities and Exchange Commission.

Yahoo | August 5, 2021

ALLETE Q2 Profit Misses Estimates

(RTTNews) - ALLETE, Inc. (ALE) said its second-quarter consolidated financial results were similar to those in 2020, excluding the prior year second quarter rate case resolution impact. Second quarter 2021 earnings also reflect higher net income at Minnesota Power primarily due to higher kilowatt-hour sales to commercial and municipal

Business Insider Markets | August 4, 2021

Read More 'ALE' Stories Here

ALE Price Returns

1-mo -13.19%
3-mo -6.71%
6-mo -8.42%
1-year 21.71%
3-year -10.62%
5-year 20.09%
YTD 2.10%
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 0.8262 seconds.