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ALLETE Inc ALE

Morningstar Rating
$57.87 +0.47 (0.82%)
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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.

Price vs Fair Value

ALE is trading at a 13% discount.
Price
$57.70
Fair Value
$72.28
Uncertainty
Medium
1-Star Price
$99.88
5-Star Price
$51.38
Economic Moat
Khkx
Capital Allocation
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News

Trading Information

Previous Close Price
$57.40
Day Range
$57.3158.19
52-Week Range
$49.2965.10
Bid/Ask
$57.49 / $58.33
Market Cap
$3.34 Bil
Volume/Avg
226,947 / 284,726

Key Statistics

Price/Earnings (Normalized)
15.84
Price/Sales
1.75
Dividend Yield (Trailing)
4.74%
Dividend Yield (Forward)
4.88%
Total Yield
4.77%

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

Comparables

Valuation

Metric
ALE
EVRG
RNW
Price/Earnings (Normalized)
15.8413.9641.98
Price/Book Value
1.181.182.02
Price/Sales
1.752.076.72
Price/Cash Flow
7.196.1514.81
Price/Earnings
ALE
EVRG
RNW

Financial Strength

Metric
ALE
EVRG
RNW
Quick Ratio
0.550.080.78
Current Ratio
1.240.510.87
Interest Coverage
3.432.432.76
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
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Utilities - Diversified Industry Comparables

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Name
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
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IBDRY
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ENLAY
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SRE
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ENGQF
Engie SARdwy$40.5 Bil
ENGIY
Engie SA ADRXmydb$40.5 Bil
EONGY
E.ON SE ADRFmmnvxlcnYgqtnk$33.5 Bil
ENAKF
E.ON SEBrkfjv$33.5 Bil
AES
The AES CorpYtfpmysvfLkfv$11.3 Bil

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