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.
News
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Minnesota Power plans two large solar projects in northern Minnesota as part of its EnergyForward strategy for carbon-free energy
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New Energy Equity achieves Gold Certification for advancements on DEIJ issues
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ALLETE shareholders approve proposed transaction with Canada Pension Plan Investment Board and Global Infrastructure Partners
-
ALLETE applauds $700 million federal grant for Montana and North Plains Connector transmission project
-
ALLETE, Inc. reports second quarter 2024 earnings
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SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates COFS, DOMA, ALE, TLRS on Behalf of Shareholders
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Kuehn Law Encourages TLRS, ALE, DOMA, and COFS Investors to Contact Law Firm
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SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates ALIM, DOMA, ALE on Behalf of Shareholders
Trading Information
- Previous Close Price
- $64.08
- Day Range
- $63.95–64.39
- 52-Week Range
- $49.29–65.86
- Bid/Ask
- $62.99 / $65.00
- Market Cap
- $3.71 Bil
- Volume/Avg
- 176,886 / 329,195
Key Statistics
- Price/Earnings (Normalized)
- 16.50
- Price/Sales
- 2.40
- Dividend Yield (Trailing)
- 4.35%
- Dividend Yield (Forward)
- 4.39%
- Total Yield
- 4.35%
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
- 1,646
- Website
- https://www.allete.com
Comparables
Valuation
|
Metric
|
ALE
|
TXNM
|
ED
|
|---|---|---|---|
Price/Earnings (Normalized) | 16.50 | 16.14 | 20.29 |
Price/Book Value | 1.32 | 1.65 | 1.68 |
Price/Sales | 2.40 | 2.12 | 2.45 |
Price/Cash Flow | 8.96 | 7.73 | 8.25 |
Price/Earnings
ALE
TXNM
ED
Financial Strength
|
Metric
|
ALE
|
TXNM
|
ED
|
|---|---|---|---|
Quick Ratio | 0.57 | 0.27 | 0.82 |
Current Ratio | 1.45 | 0.47 | 1.04 |
Interest Coverage | 3.21 | 1.19 | 2.97 |
Quick Ratio
ALE
TXNM
ED
Profitability
|
Metric
|
ALE
|
TXNM
|
ED
|
|---|---|---|---|
Return on Assets (Normalized) | 2.43% | 0.12% | 2.71% |
Return on Equity (Normalized) | 5.76% | 0.50% | 8.38% |
Return on Invested Capital (Normalized) | 4.22% | 2.21% | 5.83% |
Return on Assets
ALE
TXNM
ED
Utilities - Diversified Industry Comparables
|
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United States