ALE:NYE-Allete Inc (USD)

COMMON STOCK | Utilities - Diversified |

Last Closing

USD 65.06

Change

-0.33 (-0.50)%

Market Cap

USD 3.78B

Volume

0.44M

Analyst Target

USD 64.50
Analyst Rating

Verdict

ducovest Verdict

Verdict

About

ALLETE, Inc. operates as an energy company. The company operates in two segments, Regulated Operations and ALLETE Clean Energy. It generates electricity from coal-fired, biomass co-fired/natural gas, hydro, wind, and solar. The company also provides regulated utility electric services in northeastern Minnesota to approximately 150,000 retail customers and 14 non-affiliated municipal customers in Minnesota; and regulated utility electric, natural gas, and water services in northwestern Wisconsin to approximately 15,000 electric customers, 13,000 natural gas customers, and 10,000 water customers. In addition, it owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illinois. Further, the company focuses on acquiring, developing, and operating clean and renewable energy projects; and owns, develops, and operates approximately 1,600 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 154 substations with a total capacity of 10,647 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.

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2025-03-11 )

Largest Industry Peers for Utilities - Diversified

Symbol Name Price(Change) Market Cap
SRE Sempra Energy

-0.68 (-0.98%)

USD 53.27B
BIP Brookfield Infrastructure Part..

+0.06 (+0.21%)

USD 13.30B
BIP-PB Brookfield Infrastructure Part..

N/A

USD 8.35B
AES The AES Corporation

+0.21 (+1.78%)

USD 8.00B
BIP-PA Brookfield Infrastructure Part..

-0.10 (-0.55%)

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

+0.06 (+2.32%)

USD 6.34B
ELPC Companhia Paranaense de Energi..

+0.07 (+1.16%)

USD 4.98B
ELP Companhia Paranaense de Energi..

+0.03 (+0.45%)

USD 4.93B
AQN Algonquin Power & Utilities Co..

-0.18 (-3.68%)

USD 3.71B
AVA Avista Corporation

-0.35 (-0.88%)

USD 3.18B

ETFs Containing ALE

IB0Y:XETRA 6.30 % 0.00 %

N/A

N/A
IBUY:PA 6.30 % 0.00 %

N/A

N/A
SQLV Royce Quant Small-Cap Qua.. 0.75 % 0.60 %

-0.17 (0%)

USD 0.03B
EPOL iShares MSCI Poland ETF 0.00 % 0.63 %

+0.44 (+0%)

USD 0.23B
CNRG SPDR® Kensho Clean Power.. 0.00 % 0.00 %

+0.31 (+0%)

USD 0.13B
XMLV Invesco S&P MidCap Low Vo.. 0.00 % 0.25 %

-0.69 (0%)

USD 0.77B
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 %

+0.05 (+0%)

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

-2.40 (0%)

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

N/A

N/A
IBCJ:XETRA iShares MSCI Poland UCITS.. 0.00 % 0.00 %

-0.11 (0%)

N/A
ARB AltShares Trust - AltShar.. 0.00 % 0.00 %

-0.04 (0%)

USD 0.08B

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 0.40% 31% F 59% D-
Dividend Return N/A N/A N/A N/A N/A
Total Return 0.40% 31% F 57% F
Trailing 12 Months  
Capital Gain 13.03% 92% A 82% B
Dividend Return 3.67% 58% F 58% F
Total Return 16.70% 85% B 82% B
Trailing 5 Years  
Capital Gain 3.91% 50% F 34% F
Dividend Return 19.97% 20% F 52% F
Total Return 23.89% 40% F 31% F
Average Annual (5 Year Horizon)  
Capital Gain 10.87% 85% B 66% D+
Dividend Return 15.02% 77% C+ 71% C-
Total Return 4.15% 42% F 75% C
Risk Return Profile  
Volatility (Standard Deviation) 45.85% 15% F 21% F
Risk Adjusted Return 32.75% 54% F 46% F
Market Capitalization 3.78B 27% F 75% 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:
High dividend returns

The stock has outperformed its sector peers on average annual dividend returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile. This can be a good buy, especially if it is outperforming on total return basis , for investors seeking high income yields.

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.

High Gross Profit to Asset Ratio

This stock is in the top quartile compared to its peers on Gross Profit to Asset Ratio. This is a popular measure among value investors for showing superior returns in the long run.

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 Earnings Growth

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

Low Revenue Growth

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