ALE:NYE-Allete Inc (USD)

COMMON STOCK | Utilities - Diversified |

Last Closing

USD 64.72

Change

-0.35 (-0.54)%

Market Cap

USD 3.77B

Volume

0.26M

Analyst Target

USD 64.50
Analyst Rating

Verdict

ducovest Verdict

Verdict

About

ALLETE, Inc. operates as an energy company. The company operates through Regulated Operations, ALLETE Clean Energy, and Corporate and Other segments. It generates electricity from coal-fired, biomass co-fired / natural gas, hydroelectric, wind, and solar. In addition, the company provides regulated utility electric services in northwestern Wisconsin to approximately 15,000 electric customers, 13,000 natural gas customers, and 10,000 water customers, as well as regulated utility electric services in northeastern Minnesota to approximately 150,000 retail customers and 14 non-affiliated municipal customers. Further, it owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illinois. Additionally, the company focuses on developing, acquiring, and operating clean and renewable energy projects; and owns and operates approximately 1,200 megawatts of wind energy generation facility, as well as involved in the coal mining operations in North Dakota; and real estate investment activities in Florida. It owns and operates 162 substations with a total capacity of 9,980 megavolt amperes. The company serves taconite mining, paper, pulp and secondary wood products, pipeline, and other industries. The company was formerly known as Minnesota Power, Inc. and changed its name to ALLETE, Inc. in May 2001. ALLETE, Inc. was incorporated in 1906 and is headquartered in Duluth, Minnesota. Address: 30 West Superior Street, Duluth, MN, United States, 55802-2093

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2024-11-13 )

Largest Industry Peers for Utilities - Diversified

Symbol Name Price(Change) Market Cap
SRE Sempra Energy

-0.01 (-0.01%)

USD 57.80B
BIP Brookfield Infrastructure Part..

-0.33 (-0.95%)

USD 16.08B
AES The AES Corporation

+0.17 (+1.26%)

USD 9.68B
BIP-PB Brookfield Infrastructure Part..

-0.19 (-0.93%)

USD 8.35B
BIP-PA Brookfield Infrastructure Part..

-0.35 (-1.75%)

USD 6.54B
CIG-C Energy of Minas Gerais Co DRC

+0.01 (+0.41%)

USD 6.25B
ELPC Companhia Paranaense de Energi..

+0.01 (+0.17%)

USD 5.55B
ELP Companhia Paranaense de Energi..

-0.02 (-0.31%)

USD 4.85B
AVA Avista Corporation

-0.21 (-0.56%)

USD 2.97B
CIG Companhia Energetica de Minas ..

+0.03 (+1.55%)

N/A

ETFs Containing ALE

GREK Global X MSCI Greece ETF 13.78 % 0.59 %

-0.09 (0%)

USD 0.19B
IBCJ:XETRA iShares MSCI Poland UCITS.. 7.19 % 0.00 %

-0.08 (0%)

USD 0.16B
IB0Y:XETRA 6.30 % 0.00 %

N/A

N/A
IBUY:PA 6.30 % 0.00 %

N/A

N/A
CNRG SPDR® Kensho Clean Power.. 3.12 % 0.00 %

+0.21 (+0%)

USD 0.16B
ALTY Global X Alternative Inco.. 1.26 % 0.75 %

-0.08 (0%)

USD 0.03B
DES WisdomTree U.S. SmallCap .. 0.00 % 0.38 %

-0.28 (0%)

USD 2.01B
EPOL iShares MSCI Poland ETF 0.00 % 0.63 %

-0.20 (0%)

USD 0.24B
IDEE:LSE 0.00 % 0.00 %

N/A

N/A
IEER:LSE 0.00 % 0.00 %

N/A

N/A
IPOL:LSE iShares V Public Limited .. 0.00 % 0.00 %

-0.19 (0%)

N/A
SPOL:LSE iShares MSCI Poland UCITS 0.00 % 0.00 %

-10.10 (0%)

N/A
IBCJ:F iShares V Public Limited .. 0.00 % 0.00 %

+0.01 (+0%)

N/A

Market Performance

  Market Performance vs. Industry/Classification (Utilities - Diversified) Market Performance vs. Exchange
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain 5.82% 45% F 47% F
Dividend Return 3.46% 36% F 55% F
Total Return 9.28% 45% F 46% F
Trailing 12 Months  
Capital Gain 16.40% 64% D 56% F
Dividend Return 3.80% 36% F 50% F
Total Return 20.21% 55% F 55% F
Trailing 5 Years  
Capital Gain -19.76% 33% F 23% F
Dividend Return 15.40% 22% F 50% F
Total Return -4.37% 22% F 21% F
Average Annual (5 Year Horizon)  
Capital Gain 7.77% 82% B 61% D-
Dividend Return 11.80% 73% C 65% D
Total Return 4.04% 45% F 75% C
Risk Return Profile  
Volatility (Standard Deviation) 45.90% 18% F 21% F
Risk Adjusted Return 25.72% 55% F 42% F
Market Capitalization 3.77B 20% F 74% C

Annual Financials (USD)

Quarterly Financials (USD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
Positive cash flow

The company had positive total cash flow in the most recent four quarters.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

What to not like:
Poor return on assets

The company management has delivered below median return on assets in the most recent 4 quarters compared to its peers.

Poor capital utilization

The company management has delivered below median return on invested capital in the most recent 4 quarters compared to its peers.

Poor return on equity

The company management has delivered below median return on equity in the most recent 4 quarters compared to its peers.

Overpriced on cashflow basis

The stock is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

Overpriced compared to earnings

The stock is trading high compared to its peers on a price to earning basis and is above the sector median.

Below median total returns

The company has under performed its peers on annual average total returns in the past 5 years.

High volatility

The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.

Low market capitalization

This is among the smaller entities in its sectors with below median market capitalization. That may make it less stable in the long run unless it has a unique technology or market which can help it grow or get acquired in future.

Overpriced on free cash flow basis

The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

Low Revenue Growth

This stock has shown below median revenue growth in the previous 5 years compared to its sector