Allete Inc stock page - price, fundamentals, dividends - iOCharts

Ticker
ALE

Price
63.05
Stock movement down
-0.26 (-0.41%)
Company name
Allete Inc
Exchange
(NYSE
,
Currency
USD
)
Sector
Utilities >
Utilities-Diversified
Market cap
3.59B
Ent value
6.95B
Price/Sales
2.46
Price/Book
1.14
Div yield
4.12%
Div growth
3.91%
Growth years
10
FCF payout
-59.12%
Trailing P/E
19.56
Forward P/E
16.04
PEG
2.79
EPS growth
4.40%
1 year return
-11.32%
3 year return
-8.97%
5 year return
-2.97%
10 year return
4.23%
Last updated: 2022-08-15

DIVIDENDS

Dividend yield - 5y

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Dividend yield data
Dividend per share2.60
Dividend yield4.12%
Payout frequencyQuarterly
Maximum yield4.98%
Average yield3.50%
Minimum yield2.67%
Discount to avg yield15.05%
Upside potential17.71%
Yield as % of max yield82.81%

Yield distribution (inverse percentile) - 5y

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Yield distribution data
Dividend yield4.12%
Current yield distribution24.13%
Yield at 100% (Min)2.67%
Yield at 90%2.77%
Yield at 80%2.88%
Yield at 50% (Median)3.27%
Yield at 20%4.19%
Yield at 10%4.41%
Yield at 0% (Max)4.98%

Dividend per share

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Dividend per share data
Years of growth10 years
CCC statusDividend Contender
Dividend per share2.60
Payout frequencyQuarterly
Ex-div date12 Aug 2022
EPS (TTM)3.50
EPS (1y forward)3.93
EPS growth (5y)4.40%
EPS growth (5y forward)7.00%

Dividend growth

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Dividend growth data
ALES&P500
DGR MR3.17%15.44%
DGR TTM2.89%7.80%
DGR 3 years4.00%3.88%
DGR 5 years3.91%4.73%
DGR 10 years3.54%8.30%
DGR 15 years3.75%5.82%
Time since last change announced195 days
EPS growth (5y)4.40%
EPS growth (5y forward)7.00%

Payout ratio

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Payout ratio data
EPS coverageFCF coverage
TTM72.73%-59.12%
Average--
Forward66.16%-

VALUATION

Valuation Ratios

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Valuation Ratios data
Trailing P/E19.56
Price to OCF21.11
Price to FCF-
Price to EBITDA7.51
EV to EBITDA14.52

Valuation (Sales/Book Value)

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Valuation (Sales/Book Value) data
Price to Sales2.46
Price to Book1.14
EV to Sales4.75

FINANCIALS

Per share

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Per share data
Current share count56.99M
EPS (TTM)3.50
FCF per share (TTM)-4.30

Income statement

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Income statement data
Revenue (TTM)1.46B
Gross profit (TTM)469.40M
Operating income (TTM)162.70M
Net income (TTM)183.70M
EPS (TTM)3.50
EPS (1y forward)3.93

Margins

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Margins data
Gross margin (TTM)32.07%
Operating margin (TTM)11.12%
Profit margin (TTM)12.55%

Balance Sheet

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Balance Sheet data
Cash60.10M
Net receivables118.40M
Total current assets480.50M
Goodwill0.00
Intangible assets0.00
Property, plant and equipment0.00
Total assets6.56B
Accounts payable75.90M
Short/Current long term debt1.96B
Total current liabilities556.60M
Total liabilities3.41B
Shareholder's equity3.14B
Net tangible assets2.45B

Cash flow

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Cash flow data
Operating cash flow (TTM)170.20M
Capital expenditures (TTM)396.20M
Free cash flow (TTM)-226.00M
Dividends paid (TTM)133.60M

Financial returns

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Financial returns data
Return on Equity5.84%
Return on Assets2.80%
Return on Invested Capital3.61%
Cash Return on Invested Capital-4.44%

STOCK INFORMATION

Stock chart

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Stock price data
Open62.88
Daily high63.33
Daily low62.34
Daily Volume282K
All-time high88.17
1y analyst estimate66.50
Beta0.60
EPS (TTM)3.50
Dividend per share2.60
Ex-div date12 Aug 2022
Next earnings date2 Nov 2022

Downside potential

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Downside potential data
ALES&P500
Current price drop from All-time high-28.49%-10.22%
Highest price drop-53.93%-56.47%
Date of highest drop5 Mar 20099 Mar 2009
Avg drop from high-15.09%-11.38%
Avg time to new high32 days12 days
Max time to new high1964 days1805 days
COMPANY DETAILS
ALE (Allete Inc) company logo
Marketcap
3.59B
Marketcap category
Mid-cap
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, biomass co-fired / natural gas, hydroelectric, wind, and solar. 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 145,000 retail customers and 15 non-affiliated municipal 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 1,000 megawatts of wind energy generation facility. 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 10,066 megavolt amperes. It 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.
Employees
1346
Investor relations
SEC filings
CEO
Country
USA
City
Duluth
Stock type
Common stock
CCC status
Dividend Contender
Dividend Frequency
Quarterly
EVENTS AND PRESENTATIONS
EventsPresentations
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UNDERSTAND THE BUSINESS
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COMPANY NEWS
All newsPress releases
FirstEnergy (FE), with consistent investments, proper debt management and an initiative for lowering emissions, is poised for growth. However, unfavorable weather and regulations are headwinds.
August 15, 2022
Certain statements contained in this conference call that are not descriptions of historical facts are forward-looking statements, such as terms defined in the Private Securities Litigation Reform Act...
August 3, 2022
Allete (ALE) delivered earnings and revenue surprises of 6.35% and 6.56%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
August 3, 2022
DULUTH, Minn., August 03, 2022--ALLETE, Inc. (NYSE: ALE) today reported second quarter 2022 earnings of 67 cents per share on net income of $37.6 million. Last year’s results were 53 cents per share o...
August 3, 2022
Ameren (AEE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
July 28, 2022
DULUTH, Minn., July 28, 2022--The ALLETE, Inc. (NYSE:ALE) board of directors has declared a quarterly dividend of 65 cents per share of common stock.
July 28, 2022
Allete (ALE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
July 27, 2022
DULUTH, Minn., July 25, 2022--Minnesota Power and Great River Energy today announced their intent to build a transmission line from northern Minnesota to central Minnesota.
July 25, 2022
Does the July share price for ALLETE, Inc. ( NYSE:ALE ) reflect what it's really worth? Today, we will estimate the...
July 15, 2022
ALE vs. EXC: Which Stock Is the Better Value Option?
July 14, 2022
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