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- Market Cap.:
- $3.48 billion
- Book Value:
- Revenue TTM:
- $1.57 billion
- Operating Margin TTM:
- Gross Profit TTM:
- $446.80 million
- Profit Margin:
- Return on Assets TTM:
- Return on Equity TTM:
Allete Inc had its IPO on 1973-05-03 under the ticker symbol ALE.
The company operates in the Utilities sector and Utilities-Diversified industry. Allete Inc has a staff strength of 1,467 employees.
Shares of Allete Inc opened at $64.4 at the start of the last trading session i.e. 2023-03-31.
The stocks traded within a range of $63.81 - $64.63, and closed at $64.37.
This is a +0.5% increase from the previous day's closing price.
A total volume of 236,698 shares were traded at the close of the day’s session.
In the last one week, shares of Allete Inc have increased by +5.91%.
Allete Inc's Key Ratios
Allete Inc has a market cap of $3.48 billion, indicating a price to book ratio of 1.3853 and a price to sales ratio of 2.3659.
In the last 12-months Allete Inc’s revenue was $1.57 billion with a gross profit of $446.80 million and an EBITDA of $386.70 million. The EBITDA ratio measures Allete Inc's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, Allete Inc’s operating margin was 9.17% while its return on assets stood at 1.36% with a return of equity of 4.18%.
In Q4, Allete Inc’s quarterly earnings growth was a negative -23.4% while revenue growth was a positive 6.7%.
Allete Inc’s PE and PEG Ratio
- Forward PE
- Trailing PE
Its diluted EPS in the last 12-months stands at $3.38 per share while it has a forward price to earnings multiple of 16.3399 and a PEG multiple of 4.71. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Allete Inc’s profitability.
Allete Inc stock is trading at a EV to sales ratio of 3.6591 and a EV to EBITDA ratio of 12.9009. Its price to sales ratio in the trailing 12-months stood at 2.3659.
Allete Inc stock pays annual dividends of $2.6 per share, indicating a yield of 4.47% and a payout ratio of 77.74%.
Balance sheet and cash flow metrics
- Total Assets
- $6.85 billion
- Total Liabilities
- $716.20 million
- Operating Cash Flow
- Capital Expenditure
- $68.50 million
- Dividend Payout Ratio
Allete Inc ended 2023 with $6.85 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $6.85 billion while shareholder equity stood at $2.69 billion.
Allete Inc ended 2023 with $158.10 million in deferred long-term liabilities, $716.20 million in other current liabilities, 1781500000.00 in common stock, $934.80 million in retained earnings and $0 in goodwill. Its cash balance stood at $36.40 million and cash and short-term investments were $36.40 million. The company’s total short-term debt was $275,800,000 while long-term debt stood at $1.65 billion.
Allete Inc’s total current assets stands at $718.00 million while long-term investments were $322.70 million and short-term investments were $0. Its net receivables were $137.90 million compared to accounts payable of $103.00 million and inventory worth $455.90 million.
In 2023, Allete Inc's operating cash flow was $-72900000.00 while its capital expenditure stood at $68.50 million.
Comparatively, Allete Inc paid $0.78 in dividends in 2023.
Other key metrics
- Current Trading Price
- 52-Week High
- 52-Week Low
- Analyst Target Price
Allete Inc stock is currently trading at $64.37 per share. It touched a 52-week high of $66.695 and a 52-week low of $66.695. Analysts tracking the stock have a 12-month average target price of $65.83.
Its 50-day moving average was $61.64 and 200-day moving average was $59.24 The short ratio stood at 2.88 indicating a short percent outstanding of 0%.
Around 39% of the company’s stock are held by insiders while 7741.1% are held by institutions.
Frequently Asked Questions About Allete Inc
Similar Industry Stocks (Utilities-Diversified)
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 150,000 retail customers and 14 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 1,300 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 162 substations with a total capacity of 10,116 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. The company was incorporated in 1906 and is headquartered in Duluth, Minnesota.