ALLETE Inc ALE
About Quantitative Ratings
Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.
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News
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NT Solar Celebrates New Impact Investment Fund & Series of Successful Transactions
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ALLETE Board of Directors declares dividend on common stock
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ALLETE Recognized for Gender Diversity on Board and Among Executive Officers
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ALLETE to Announce First Quarter Financial Results May 9
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Sidoti Events, LLC's Virtual March Small-Cap Conference
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New Energy Equity announces Tim Ahrens as Senior Vice President of Development
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ALLETE, Inc. reports 2023 earnings of $4.30 per share; clean energy transition drives $4.3 billion capital investment plan over the next five years
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Minnesota Power advances EnergyForward with request for proposals for up to 400 megawatts of wind energy
Trading Information
- Previous Close Price
- $59.57
- Day Range
- $59.00–59.78
- 52-Week Range
- $49.29–63.71
- Bid/Ask
- $23.73 / $93.84
- Market Cap
- $3.40 Bil
- Volume/Avg
- 159,670 / 280,642
Key Statistics
- Price/Earnings (Normalized)
- 16.29
- Price/Sales
- 1.80
- Dividend Yield (Trailing)
- 4.60%
- Dividend Yield (Forward)
- 4.73%
- Total Yield
- 4.60%
Company Profile
ALLETE Inc provides competitively-priced energy in America's Upper Midwest region and invests in transmission infrastructure and other energy-centric businesses. The company has two reportable segments. The first segment is Regulated Operations, which includes the company's regulated utilities, Minnesota Power and SWL&P, as well as its investment in ATC. ATC is a regulated utility based in Wisconsin that owns and maintains electric transmission assets in parts of Wisconsin, Michigan, Minnesota, and Illinois. The second segment is ALLETE Clean Energy, which focuses on developing, acquiring, and operating clean and renewable energy projects.
- Sector
- Utilities
- Industry
- Utilities - Diversified
- Stock Style Box
- Small Value
- Total Number of Employees
- 1,560
- Website
- https://www.allete.com
Comparables
Valuation
|
Metric
|
ALE
|
EVRG
|
RNW
|
|---|---|---|---|
Price/Earnings (Normalized) | 16.29 | 14.78 | 41.98 |
Price/Book Value | 1.21 | 1.25 | 2.02 |
Price/Sales | 1.80 | 2.20 | 6.72 |
Price/Cash Flow | 7.39 | 6.51 | 14.81 |
Price/Earnings
ALE
EVRG
RNW
Financial Strength
|
Metric
|
ALE
|
EVRG
|
RNW
|
|---|---|---|---|
Quick Ratio | 0.55 | 0.08 | 0.78 |
Current Ratio | 1.24 | 0.51 | 0.87 |
Interest Coverage | 3.43 | 2.43 | 2.76 |
Quick Ratio
ALE
EVRG
RNW
Profitability
|
Metric
|
ALE
|
EVRG
|
RNW
|
|---|---|---|---|
Return on Assets (Normalized) | 2.74% | 2.70% | 2.33% |
Return on Equity (Normalized) | 6.66% | 8.51% | 4.35% |
Return on Invested Capital (Normalized) | 4.67% | 5.98% | 3.09% |
Return on Assets
ALE
EVRG
RNW
Utilities - Diversified Industry Comparables
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