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ALLETE, Inc. (ALE)

Stock Price: $58.66 USD -1.15 (-1.92%)
Updated Aug 11, 2020 4:00 PM EDT - Market closed

Stock Price Chart

Key Info

Market Cap 3.04B
Revenue (ttm) 1.15B
Net Income (ttm) 167.30M
Shares Out 51.88M
EPS (ttm) 3.24
PE Ratio 18.10
Forward PE 19.42
Dividend $2.47
Dividend Yield 4.21%

Stock Quote

Trading Day Aug 11, 2020
Last Price $58.66
Previous Close $59.81
Change ($) -1.15
Change (%) -1.92%
Day's Open 60.26
Day's Range 58.45 - 60.86
Day's Volume 311,653
52-Week Range 48.22 - 88.60

More Stats

Market Cap 3.04B
Enterprise Value 4.91B
Earnings Date (est) Oct 29, 2020
Ex-Dividend Date May 14, 2020
Shares Outstanding 51.88M
Float 51.64M
EPS (basic) 3.23
EPS (diluted) 3.24
FCF / Share -9.31
Dividend $2.47
Dividend Yield 4.21%
Earnings Yield 5.52%
FCF Yield n/a
Payout Ratio n/a
Shares Short 856,560
Short Ratio 2.22
Short % of Float 2.15%
Beta 0.35
PE Ratio 18.10
Forward PE 19.42
P/FCF Ratio n/a
PS Ratio 2.65
PB Ratio 1.33
Revenue 1.15B
Operating Income 159.70M
Net Income 167.30M
Free Cash Flow -482.20M
Net Cash -1.87B
Net Cash / Share -35.95
Gross Margin 37.91%
Operating Margin 13.91%
Profit Margin 14.60%
FCF Margin -42.01%
ROA 1.90%
ROE 7.00%
ROIC n/a
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (5)

Buy 1
Overweight 0
Hold 3
Underweight 0
Sell 1

Analyst Consensus: Hold

Price Target

$64.00*
(9.10% upside)
Low
49.0
Current: $58.66
High
88.0
Target: 64.00
*Average 12-month price target from 7 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2019201820172016201520142013201220112010
Revenue1,2411,4991,4191,3401,4861,1371,018961928907
Revenue Growth-17.22%5.59%5.94%-9.87%30.75%11.63%5.95%3.56%2.34%-
Gross Profit382405403403417325271255240216
Operating Income180201226217211189154155150136
Net Income18617417215514112510597.1093.8075.30
Shares Outstanding51.6051.3050.8049.3048.3042.9039.7037.6035.3034.20
Earnings Per Share3.593.383.383.142.922.902.632.582.652.19
EPS Growth6.21%0%7.64%7.53%0.69%10.27%1.94%-2.64%21%-
Dividend Per Share2.352.242.142.082.021.961.901.841.781.76
Dividend Growth4.87%4.67%2.88%2.97%3.06%3.16%3.26%3.37%1.14%-
Operating Cash Flow250433403335340270239240242229
Capital Expenditures-597-312-209-266-286-599-327-406-237-249
Free Cash Flow-34812119469.3053.70-329-87.80-1664.70-20.20
Cash & Equivalents69.3069.1098.9027.5097.0014697.3080.8010151.60
Total Debt1,6141,4861,5031,5581,5941,3771,1101,018864786
Net Cash / Debt-1,545-1,417-1,404-1,531-1,497-1,231-1,013-937-763-734
Assets5,4835,1655,0804,8774,8954,3613,4773,2532,8762,609
Liabilities3,1473,0093,0122,9843,0722,7502,1342,0521,7971,624
Book Value2,2322,1562,0681,8931,8201,6091,3431,2011,079976
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name ALLETE, Inc.
Country United States
Employees 1,332
CEO Bethany M. Owen

Stock Information

Ticker Symbol ALE
Stock Exchange New York Stock Exchange
Sector Utilities
Industry Diversified Utilities
Unique Identifier NYSE: ALE

Description

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, hydroelectric, natural gas-fired, biomass co-fired, and solar. The company provides regulated utility electric service in northeastern Minnesota to approximately 145,000 retail customers, as well as 15 non-affiliated municipal customers; 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. It also owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illinois. In addition, the company focuses on developing, acquiring, and operating clean and renewable energy projects; and owns and operates approximately 660 megawatt of wind energy generation. Further, it is involved in the coal mining operations in North Dakota; and real estate investment activities in Florida. The company owns and operates 158 substations with a total capacity of 8,875 megavoltamperes. 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.