Ticker
ALE

Price
65.90
Stock movement down
-0.09 (-0.14%)
Company name
Allete Inc
Exchange
(NYSE
,
Currency
USD
)
Sector
Utilities >
Utilities-Diversified
Market cap
3.76B
Ent value
7.11B
Price/Sales
2.57
Price/Book
1.19
Div yield
3.95%
Div growth
3.91%
Growth years
10
FCF payout
-59.12%
Trailing P/E
20.44
Forward P/E
16.77
PEG
2.92
EPS growth
4.40%
1 year return
8.14%
3 year return
-6.27%
5 year return
-3.92%
10 year return
5.43%
Last updated: 2022-12-05

DIVIDENDS

Dividend yield - 5y

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Dividend yield data
Dividend per share2.60
Dividend yield3.95%
Payout frequencyQuarterly
Maximum yield5.40%
Average yield3.61%
Minimum yield2.67%
Discount to avg yield8.47%
Upside potential9.26%
Yield as % of max yield73.11%

Yield distribution (inverse percentile) - 5y

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Yield distribution data
Dividend yield3.95%
Current yield distribution39.29%
Yield at 100% (Min)2.67%
Yield at 90%2.84%
Yield at 80%2.92%
Yield at 50% (Median)3.61%
Yield at 20%4.26%
Yield at 10%4.48%
Yield at 0% (Max)5.40%

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 date14 Nov 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%1.24%
DGR TTM3.17%9.08%
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 announced306 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/E20.44
Price to OCF22.07
Price to FCF-
Price to EBITDA7.85
EV to EBITDA14.86

Valuation (Sales/Book Value)

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Valuation (Sales/Book Value) data
Price to Sales2.57
Price to Book1.19
EV to Sales4.86

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
Open65.26
Daily high66.57
Daily low65.03
Daily Volume261K
All-time high88.17
1y analyst estimate66.50
Beta0.60
EPS (TTM)3.50
Dividend per share2.60
Ex-div date14 Nov 2022
Next earnings date14 Feb 2023

Downside potential

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Downside potential data
ALES&P500
Current price drop from All-time high-25.26%-14.82%
Highest price drop-53.93%-56.47%
Date of highest drop5 Mar 20099 Mar 2009
Avg drop from high-15.27%-11.46%
Avg time to new high32 days13 days
Max time to new high1964 days1805 days
COMPANY DETAILS
ALE (Allete Inc) company logo
Marketcap
3.76B
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
ALE vs. HE: Which Stock Is the Better Value Option?
December 5, 2022
ALLETE Inc.'s (ALE) rising earnings estimates and a solid investment plan to strengthen its infrastructure make a strong case for adding it to your portfolio.
November 30, 2022
Does Allete (ALE) have what it takes to be a top stock pick for momentum investors? Let's find out.
November 29, 2022
A look at the shareholders of ALLETE, Inc. ( NYSE:ALE ) can tell us which group is most powerful. And the group that...
November 21, 2022
ALE vs. HE: Which Stock Is the Better Value Option?
November 17, 2022
In this article, we discuss the 10 best dividend stocks with over 10 years of dividend increases. If you want to skip our detailed analysis of these stocks, go directly to 5 Best Dividend Stocks With ...
November 13, 2022
DULUTH, Minn., November 10, 2022--The Minnesota Public Utilities Commission today unanimously approved Minnesota Power’s 15-year Integrated Resource Plan (IRP), the regulatory roadmap for the company’...
November 10, 2022
Allete (ALE) delivered earnings and revenue surprises of -15.71% and 7.50%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
November 9, 2022
DULUTH, Minn., November 09, 2022--ALLETE, Inc. (NYSE: ALE) today reported third quarter 2022 earnings of 59 cents per share on net income of $33.7 million.
November 9, 2022
In this article, we discuss the 10 best safe dividend stocks for retirement portfolios. If you want to skip our detailed analysis of these stocks, go directly to 5 Best Safe Dividend Stocks For Retire...
November 8, 2022
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