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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SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates ALE, PRFT, LSAK, SLCA
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Kuehn Law Encourages LSAK, PRFT, SLCA and ALE Investors to Contact Law Firm
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ALLETE, Inc. reports first quarter 2024 earnings
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SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates ALE, PRFT, SWAV
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Kuehn Law Encourages SWAV, ALE, PRFT, and LSAK Investors to Contact Law Firm
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ALLETE INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of ALLETE, Inc. - ALE
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Shareholder Alert: Ademi LLP investigates whether ALLETE, Inc. has obtained a Fair Price in its Going Private Transaction with CPP Investments and Global Infrastructure Partners
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SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates ALE, PRFT, CHX, HRT
Trading Information
- Previous Close Price
- $62.86
- Day Range
- $62.95–63.24
- 52-Week Range
- $49.29–65.61
- Bid/Ask
- $63.22 / $63.25
- Market Cap
- $3.65 Bil
- Volume/Avg
- 143,957 / 395,948
Key Statistics
- Price/Earnings (Normalized)
- 17.37
- Price/Sales
- 2.11
- Dividend Yield (Trailing)
- 4.34%
- Dividend Yield (Forward)
- 4.47%
- Total Yield
- 4.34%
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 Core
- Total Number of Employees
- 1,583
- Website
- https://www.allete.com
Comparables
Valuation
Metric
|
ALE
|
EVRG
|
RNW
|
---|---|---|---|
Price/Earnings (Normalized) | 17.37 | 15.37 | 41.98 |
Price/Book Value | 1.29 | 1.30 | 2.02 |
Price/Sales | 2.11 | 2.28 | 6.72 |
Price/Cash Flow | 8.38 | 6.77 | 14.81 |
Price/Earnings
ALE
EVRG
RNW
Financial Strength
Metric
|
ALE
|
EVRG
|
RNW
|
---|---|---|---|
Quick Ratio | 0.55 | 0.07 | 0.78 |
Current Ratio | 1.24 | 0.57 | 0.87 |
Interest Coverage | 3.43 | 2.36 | 2.76 |
Quick Ratio
ALE
EVRG
RNW
Profitability
Metric
|
ALE
|
EVRG
|
RNW
|
---|---|---|---|
Return on Assets (Normalized) | 2.74% | 2.63% | 2.33% |
Return on Equity (Normalized) | 6.55% | 8.36% | 4.35% |
Return on Invested Capital (Normalized) | 4.64% | 5.90% | 3.09% |
Return on Assets
ALE
EVRG
RNW
Utilities - Diversified Industry Comparables
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