• Price (USD)62.65
  • Today's Change-0.68 / -1.07%
  • Shares traded300.07k
  • 1 Year change-2.40%
  • Beta0.7175
Data delayed at least 15 minutes, as of Feb 03 2023 21:10 GMT.
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About the company

ALLETE, Inc. is a clean-energy transformation company that owns, operates and developing wind energy generation to reduce carbon footprint. The Company’s segments include Regulated Operations and ALLETE Clean Energy. Regulated Operations includes regulated utilities, Minnesota Power and SWL&P, as well as investment in ATC, a Wisconsin-based regulated utility that owns and maintains electric transmission assets in portions of Wisconsin, Michigan, Minnesota and Illinois. Minnesota Power provides regulated utility electric service in northeastern Minnesota to approximately 150,000 retail customers. ALLETE Clean Energy is focused on developing, acquiring, and operating clean and renewable energy projects. In addition, ALLETE Clean Energy segment has approximately 200 megawatts of wind energy facilities. ALLETE Clean Energy also engages in the development of wind energy facilities to operate under long-term power sales agreements (PSAs).

  • Revenue in USD (TTM)1.54bn
  • Net income in USD199.50m
  • Incorporated1906
  • Employees1.46k
  • Location
    ALLETE Inc30 W SUPERIOR STDULUTH 55802-2191United StatesUSA
  • Phone+1 (218) 279-5000
  • Websitehttps://www.allete.com/
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Mergers & acquisitions

Acquired companyDeal statusDateDate /
Deal status
ALE:NYQ since
New Energy Equity LLCDeal completed02 Mar 202202 Mar 2022Deal completed1.18%165.50m
Data delayed at least 15 minutes, as of Feb 03 2023 21:10 GMT.

Peer analysis

Key Information
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/earnings (TTM)Price/book value (MRQ)Price/cash flow (TTM)Price/sales (TTM)EPS (excl. extraordinary items, TTM)EPS (incl. extraordinary items, TTM)Revenue per share (TTM)Book value per share (MRQ)Asset turnover (TTM)Inventory turnover (TTM)Receivables turnover (TTM)Revenues per employee (TTM)Return on avg assets (TTM)Return on avg assets (5 yr avg)Return on investment (TTM)Return on investment (5 yr avg)Gross margin (TTM)Gross margin
(5 yr avg)
Net profit margin (TTM)Net Profit margin
(5 yr avg)
Quick ratio (MRQ)Interest coverage (TTM)Total debt to capital (MRQ)Payout ratio
(5 yr avg)
(YOY change %)
(5 yr growth rate)
Net income
(YOY change %)
Net income
(5 yr growth rate)
Capital expenditure
(5 yr growth rate)
(5 yr growth rate)
Nuscale Power Corp9.90m-41.35m2.41bn496.00--23.42--243.24-0.4196-0.41960.11280.45520.0353--0.521722,694.96-43.69---99.85--42.84---1,237.29------0.00--377.00---15.96------
MGE Energy Inc686.75m102.96m2.66bn706.0025.852.4814.173.882.852.8518.9929.730.2847.2215.68972,736.604.264.344.564.6433.78--14.9915.690.63894.850.38554.7712.622.1714.446.9612.864.69
Otter Tail Corporation1.49bn293.80m2.75bn2.49k9.432.327.111.847.017.0135.5928.440.53187.473.39599,932.4010.474.5912.095.22-81.88--19.6910.811.3011.180.410355.1834.468.2984.4223.301.284.53
Atlantica Sustainable Infrastructure PLC1.13bn-21.39m3.04bn655.00--1.966.392.69-0.1991-0.19919.7713.780.11770.54135.481,724,788.00-0.02780.1005-0.03080.110698.4494.13-0.23610.95072.111.030.7555--19.594.51-351.34----30.51
Avista Corp1.63bn128.10m3.06bn1.81k23.171.378.051.871.791.7922.5930.290.236710.0811.19902,079.601.862.472.082.74----7.8510.600.49641.800.543271.078.85-0.049213.781.431.574.29
NorthWestern Corp1.40bn167.60m3.33bn1.48k18.831.319.252.383.063.0625.4443.920.20325.759.71943,961.602.432.982.633.2356.13--11.9713.970.55552.690.502865.0014.491.7720.372.628.574.40
ALLETE Inc1.54bn199.50m3.58bn1.46k17.081.349.152.323.673.6728.1146.900.23413.8413.381,152,
PNM Resources Inc2.11bn165.01m4.21bn1.60k25.591.918.292.001.921.9224.4725.790.243916.8713.231,317,382.
ChargePoint Holdings Inc394.61m-326.60m4.27bn1.44k--12.60--10.81-0.9722-0.97221.180.99140.41497.024.17274,796.00-34.34---43.65--17.85---82.76--2.43-115.320.4653--64.52---9.05------
Portland General Electric Company2.57bn248.00m4.32bn2.84k17.461.576.581.682.772.7728.7030.920.264915.048.31904,543.902.562.452.832.6651.42--9.669.650.66572.980.56965.9911.704.5057.424.801.726.14
Black Hills Corp2.32bn257.07m4.68bn2.88k18.091.629.032.023.983.9835.9044.360.25488.5115.66805,438.602.954.053.304.55----11.5817.060.64572.820.608242.4914.864.844.0111.548.296.39
Hawaiian Electric Industries, Inc.3.49bn238.31m4.75bn3.60k19.952.199.681.362.172.1731.8620.070.2182--8.20971,127.101.501.521.551.5810.7912.656.887.60--4.810.58267.9810.493.6724.44-0.1689-0.95861.86
Data as of Feb 03 2023. Currency figures normalised to ALLETE Inc's reporting currency: US Dollar USD

Institutional shareholders

40.38%Per cent of shares held by top holders
HolderShares% Held
BlackRock Fund Advisorsas of 30 Sep 20226.04m10.56%
The Vanguard Group, Inc.as of 30 Sep 20226.03m10.55%
SSgA Funds Management, Inc.as of 30 Sep 20222.41m4.21%
Victory Capital Management, Inc. (Investment Management)as of 30 Sep 20221.68m2.95%
Atlas Infrastructure Partners (UK) Ltd.as of 31 Dec 20221.51m2.64%
First Trust Advisors LPas of 30 Sep 20221.23m2.15%
Macquarie Investment Management Business Trustas of 30 Sep 20221.16m2.02%
FIAM LLCas of 30 Sep 20221.13m1.98%
Geode Capital Management LLCas of 30 Sep 20221.02m1.79%
Invesco Capital Management LLCas of 30 Sep 2022883.53k1.55%
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Data from 30 Sep 2022 - 31 Dec 2022Source: FactSet Research Systems Inc.
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