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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
- LocationALLETE Inc30 W SUPERIOR STDULUTH 55802-2191United StatesUSA
- Phone+1 (218) 279-5000
- Websitehttps://www.allete.com/
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Mergers & acquisitions
| Acquired company | ALE:NYQ since announced | Transaction value |
|---|---|---|
| New Energy Equity LLC | 1.18% | 165.50m |
Data delayed at least 15 minutes, as of Feb 03 2023 21:10 GMT.
Peer analysis
Key Information
- Key Information
- Stock Performance
- Per Share Data
- Efficiency
- Management Effectiveness
- Profitability
- Financial Strength
- Growth Rates
| Company | Revenue (TTM) | Net income (TTM) | Market cap | Employees | Price/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) | Revenue (YOY change %) | Revenue (5 yr growth rate) | Net income (YOY change %) | Net income (5 yr growth rate) | Capital expenditure (5 yr growth rate) | Dividend (5 yr growth rate) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nuscale Power Corp | 9.90m | -41.35m | 2.41bn | 496.00 | -- | 23.42 | -- | 243.24 | -0.4196 | -0.4196 | 0.1128 | 0.4552 | 0.0353 | -- | 0.5217 | 22,694.96 | -43.69 | -- | -99.85 | -- | 42.84 | -- | -1,237.29 | -- | -- | -- | 0.00 | -- | 377.00 | -- | -15.96 | -- | -- | -- |
| MGE Energy Inc | 686.75m | 102.96m | 2.66bn | 706.00 | 25.85 | 2.48 | 14.17 | 3.88 | 2.85 | 2.85 | 18.99 | 29.73 | 0.284 | 7.22 | 15.68 | 972,736.60 | 4.26 | 4.34 | 4.56 | 4.64 | 33.78 | -- | 14.99 | 15.69 | 0.6389 | 4.85 | 0.385 | 54.77 | 12.62 | 2.17 | 14.44 | 6.96 | 12.86 | 4.69 |
| Otter Tail Corporation | 1.49bn | 293.80m | 2.75bn | 2.49k | 9.43 | 2.32 | 7.11 | 1.84 | 7.01 | 7.01 | 35.59 | 28.44 | 0.5318 | 7.47 | 3.39 | 599,932.40 | 10.47 | 4.59 | 12.09 | 5.22 | -81.88 | -- | 19.69 | 10.81 | 1.30 | 11.18 | 0.4103 | 55.18 | 34.46 | 8.29 | 84.42 | 23.30 | 1.28 | 4.53 |
| Atlantica Sustainable Infrastructure PLC | 1.13bn | -21.39m | 3.04bn | 655.00 | -- | 1.96 | 6.39 | 2.69 | -0.1991 | -0.1991 | 9.77 | 13.78 | 0.1177 | 0.5413 | 5.48 | 1,724,788.00 | -0.0278 | 0.1005 | -0.0308 | 0.1106 | 98.44 | 94.13 | -0.2361 | 0.9507 | 2.11 | 1.03 | 0.7555 | -- | 19.59 | 4.51 | -351.34 | -- | -- | 30.51 |
| Avista Corp | 1.63bn | 128.10m | 3.06bn | 1.81k | 23.17 | 1.37 | 8.05 | 1.87 | 1.79 | 1.79 | 22.59 | 30.29 | 0.2367 | 10.08 | 11.19 | 902,079.60 | 1.86 | 2.47 | 2.08 | 2.74 | -- | -- | 7.85 | 10.60 | 0.4964 | 1.80 | 0.5432 | 71.07 | 8.85 | -0.0492 | 13.78 | 1.43 | 1.57 | 4.29 |
| NorthWestern Corp | 1.40bn | 167.60m | 3.33bn | 1.48k | 18.83 | 1.31 | 9.25 | 2.38 | 3.06 | 3.06 | 25.44 | 43.92 | 0.2032 | 5.75 | 9.71 | 943,961.60 | 2.43 | 2.98 | 2.63 | 3.23 | 56.13 | -- | 11.97 | 13.97 | 0.5555 | 2.69 | 0.5028 | 65.00 | 14.49 | 1.77 | 20.37 | 2.62 | 8.57 | 4.40 |
| ALLETE Inc | 1.54bn | 199.50m | 3.58bn | 1.46k | 17.08 | 1.34 | 9.15 | 2.32 | 3.67 | 3.67 | 28.11 | 46.90 | 0.2341 | 3.84 | 13.38 | 1,152,164.00 | 2.16 | 2.98 | 2.68 | 3.35 | -- | -- | 9.24 | 12.13 | 0.3541 | 2.81 | 0.369 | 70.18 | 21.39 | 1.16 | -2.87 | 1.73 | 12.25 | 3.91 |
| PNM Resources Inc | 2.11bn | 165.01m | 4.21bn | 1.60k | 25.59 | 1.91 | 8.29 | 2.00 | 1.92 | 1.92 | 24.47 | 25.79 | 0.2439 | 16.87 | 13.23 | 1,317,382.00 | 2.09 | 2.06 | 2.25 | 2.34 | -- | -- | 8.55 | 9.79 | 0.5176 | 2.09 | 0.6473 | 66.26 | 16.87 | 5.48 | 13.34 | 10.88 | 9.28 | 8.28 |
| ChargePoint Holdings Inc | 394.61m | -326.60m | 4.27bn | 1.44k | -- | 12.60 | -- | 10.81 | -0.9722 | -0.9722 | 1.18 | 0.9914 | 0.4149 | 7.02 | 4.17 | 274,796.00 | -34.34 | -- | -43.65 | -- | 17.85 | -- | -82.76 | -- | 2.43 | -115.32 | 0.4653 | -- | 64.52 | -- | -9.05 | -- | -- | -- |
| Portland General Electric Company | 2.57bn | 248.00m | 4.32bn | 2.84k | 17.46 | 1.57 | 6.58 | 1.68 | 2.77 | 2.77 | 28.70 | 30.92 | 0.2649 | 15.04 | 8.31 | 904,543.90 | 2.56 | 2.45 | 2.83 | 2.66 | 51.42 | -- | 9.66 | 9.65 | 0.6657 | 2.98 | 0.569 | 65.99 | 11.70 | 4.50 | 57.42 | 4.80 | 1.72 | 6.14 |
| Black Hills Corp | 2.32bn | 257.07m | 4.68bn | 2.88k | 18.09 | 1.62 | 9.03 | 2.02 | 3.98 | 3.98 | 35.90 | 44.36 | 0.2548 | 8.51 | 15.66 | 805,438.60 | 2.95 | 4.05 | 3.30 | 4.55 | -- | -- | 11.58 | 17.06 | 0.6457 | 2.82 | 0.6082 | 42.49 | 14.86 | 4.84 | 4.01 | 11.54 | 8.29 | 6.39 |
| Hawaiian Electric Industries, Inc. | 3.49bn | 238.31m | 4.75bn | 3.60k | 19.95 | 2.19 | 9.68 | 1.36 | 2.17 | 2.17 | 31.86 | 20.07 | 0.2182 | -- | 8.20 | 971,127.10 | 1.50 | 1.52 | 1.55 | 1.58 | 10.79 | 12.65 | 6.88 | 7.60 | -- | 4.81 | 0.582 | 67.98 | 10.49 | 3.67 | 24.44 | -0.1689 | -0.9586 | 1.86 |
Data as of Feb 03 2023. Currency figures normalised to ALLETE Inc's reporting currency: US Dollar USD
40.38%Per cent of shares held by top holders
| Holder | Shares | % Held |
|---|---|---|
| BlackRock Fund Advisorsas of 30 Sep 2022 | 6.04m | 10.56% |
| The Vanguard Group, Inc.as of 30 Sep 2022 | 6.03m | 10.55% |
| SSgA Funds Management, Inc.as of 30 Sep 2022 | 2.41m | 4.21% |
| Victory Capital Management, Inc. (Investment Management)as of 30 Sep 2022 | 1.68m | 2.95% |
| Atlas Infrastructure Partners (UK) Ltd.as of 31 Dec 2022 | 1.51m | 2.64% |
| First Trust Advisors LPas of 30 Sep 2022 | 1.23m | 2.15% |
| Macquarie Investment Management Business Trustas of 30 Sep 2022 | 1.16m | 2.02% |
| FIAM LLCas of 30 Sep 2022 | 1.13m | 1.98% |
| Geode Capital Management LLCas of 30 Sep 2022 | 1.02m | 1.79% |
| Invesco Capital Management LLCas of 30 Sep 2022 | 883.53k | 1.55% |
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Data from 30 Sep 2022 - 31 Dec 2022Source: FactSet Research Systems Inc.
