ALE

ALLETE, Inc. [ALE] Stock Forecast

Buy or Sell ? Support and Resistance

What is MACD and how to read it?

How RSI can help?
RSI : 000

ALE Stock Summary

Top 10 Correlated Stocks

ALE


In the News

08:46 28 Mar 2024 ALE

Allete (ALE) Misses Q4 Earnings and Revenue Estimates

Allete (ALE) came out with quarterly earnings of $0.89 per share, missing the Zacks Consensus Estimate of $0.93 per share. This compares to earnings of $0.90 per share a year ago.

07:46 28 Mar 2024 ALE

Unlocking Green Power: Allete Is A Gem In The Utility Sector

ALLETE is a utility company with a strong focus on sustainability and clean energy, making it an attractive investment in the utility sector. The company has shown robust growth in revenues and EPS over the past decade, driven by organic growth and strategic acquisitions. ALLETE's current valuation, with a P/E ratio of 14, is attractive considering its growth potential, thus making it a buy.

11:47 28 Mar 2024 ALE

Allete: I Continue To Be Bullish On This Quality Business

ALLETE Inc's stock has underperformed the broader market, but it still presents a good long-term investment opportunity. The company is focusing on clean and renewable energy projects, particularly in wind energy generation. ALLETE has identified investment opportunities, such as expanding into North Dakota, which could lead to increased revenues and shareholder returns.

04:45 28 Mar 2024 ALE

ALLETE to announce 2023 financial results on February 20

DULUTH, Minn.--(BUSINESS WIRE)--ALLETE Inc. (NYSE:ALE) will announce its financial results for 2023 before the stock markets open on Tuesday, February 20, 2024. Following the release, ALLETE Chair, President and Chief Executive Officer Bethany M. Owen, and Senior Vice President and Chief Financial Officer Steven W. Morris will present an overview of results and other factors related to performance, and discuss 2024 earnings guidance during a conference call beginning at 10 a.m. Eastern time. In.

11:17 28 Mar 2024 ALE

5 Low-Leverage Stocks to Buy on Rate Cut Expectations

The crux of safe investment lies in choosing a company that is not burdened with debt. This is because a debt-free stock is almost impossible to find.

03:02 28 Mar 2024 ALE

Reasons to Add ALLETE (ALE) to Your Portfolio Right Now

ALLETE Inc.'s (ALE) rising earnings estimates, regular dividend payments and a solid investment plan, makes it a strong choice for investment in the utility space.

11:20 28 Mar 2024 ALE

Should Value Investors Buy Allete (ALE) Stock?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

01:32 28 Mar 2024 ALE

Allete (ALE) Moves to Buy: Rationale Behind the Upgrade

Allete (ALE) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

03:11 28 Mar 2024 ALE

Exclusive: US power utility Allete explores sale, sources say

Allete , a U.S. power utility and renewable energy developer that has a market value of about $5 billion, including debt, is exploring a sale of the company, people familiar with the matter said on Tuesday.

10:34 28 Mar 2024 ALE

ALLETE, Inc. (ALE) Q3 2023 Earnings Call Transcript

ALLETE, Inc. (NYSE:ALE ) Q3 2023 Earnings Conference Call November 2, 2023 10:00 AM ET Company Participants Bethany Owen - Chair, President and CEO Steve Morris - Senior Vice President and Chief Financial Officer Jeff Scissons - Corporate Development and Clean Energy Strategy Officer Frank Frederickson - Minnesota Power's Vice President, Customer Experience and Engineering Services Conference Call Participants Richard Sunderland - JPMorgan Alex Mortimer - Mizuho Securities Brian Russo - Sidoti Tanner James - Bank of America Operator Good day. And welcome to the ALLETE Third Quarter of 2023 Financial Results Call.

ALE Financial details

Company Rating
Neutral
Market Cap
3.37B
Income
226.5M
Revenue
1.88B
Book val./share
48.86
Cash/share
1.34
Dividend
2.71
Dividend %
4.36%
Employees
1.51K
Optionable
No
Shortable
Yes
Earnings
01 May 2024
P/E
16.83
Forward P/E
14.04
PEG
2.88
P/S
1.88
P/B
1.28
P/C
44.34
P/FCF
8.77
Quick Ratio
0.59
Current Ratio
1.22
Debt / Equity
0.64
LT Debt / Equity
0.49
-
-
EPS (TTM)
3.96
EPS next Y
4.23
EPS next Q
1.08
EPS this Y
72.4%
EPS next Y
6.93%
EPS next 5Y
30.18%
EPS last 5Y
3.67%
Revenue last 5Y
8.67%
Revenue Q/Q
6.31%
EPS Q/Q
-40%
-
-
-
-
SMA20
1.75%
SMA50
-4.92%
SMA100
7.41%
Inst Own
63.45%
Inst Trans
0.84%
ROA
3%
ROE
8%
ROC
0.03%
Gross Margin
25%
Oper. Margin
9%
Profit Margin
11%
Payout
72%
Shs Outstand
57.58M
Shs Float
57.33M
-
-
-
-
Target Price
-
52W Range
49.29-66.69
52W High
-9.98%
52W Low
+21.24%
RSI
58
Rel Volume
0.32
Avg Volume
294.63K
Volume
94.48K
Perf Week
2.47%
Perf Month
1.19%
Perf Quarter
11.51%
Perf Half Y
6.74%
-
-
-
-
Beta
0.744
-
-
Volatility
0.51%, 0.79%
Prev Close
1%
Price
59.41
Change
2.36%

ALE Financial Performance

Yearly Fundamentals Overview

Last date of statement is 2023-12-31

Metric History 2019-12-312020-12-312021-12-312022-12-31 2023-12-31
2.02K2.02K2.02K2.02K2.02K
Revenue per share
24.0422.5327.0829.9232.81
Net income per share
3.63.363.232.54.31
Operating cash flow per share
4.845.785.034.2210.21
Free cash flow per share
-6.74-8.05-40.025.48
Cash per share
1.340.850.860.691.34
Book value per share
43.2544.2146.0551.2749.03
Tangible book value per share
45.2453.9559.7760.8159.46
Share holders equity per share
43.2544.2146.0551.2749.03
Interest debt per share
33.0936.3239.3738.2632.72
Market cap
4.19B3.21B3.48B3.39B3.5B
Enterprise value
5.76B4.99B5.43B5.28B5.23B
P/E ratio
22.5718.4520.5525.7914.18
Price to sales ratio
3.382.752.452.161.86
POCF ratio
16.7910.7213.1915.35.99
PFCF ratio
-12.05-7.69-16.574.23K11.16
P/B Ratio
1.881.41.441.261.25
PTB ratio
1.881.41.441.261.25
EV to sales
4.644.273.823.362.78
Enterprise value over EBITDA
13.4212.0712.9512.4912.09
EV to operating cash flow
23.0916.6420.5923.888.93
EV to free cash flow
-16.58-11.94-25.866.6K16.65
Earnings yield
0.040.050.050.040.07
Free cash flow yield
-0.08-0.13-0.0600.09
Debt to equity
0.740.790.830.720.64
Debt to assets
0.30.30.310.280.24
Net debt to EBITDA
3.664.294.654.493.99
Current ratio
0.530.550.5411.24
Interest coverage
2.772.32.191.782.24
Income quality
1.351.861.911.692.37
Dividend Yield
0.030.040.040.040.04
Payout ratio
0.650.740.781.110.63
Sales general and administrative to revenue
00000
Research and developement to revenue
00000
Intangibles to total assets
0-0.03-0.030.020.02
Capex to operating cash flow
-2.39-2.39-1.8-1-0.46
Capex to revenue
-0.48-0.61-0.33-0.14-0.14
Capex to depreciation
-2.8-3.15-1.96-0.88-1.08
Stock based compensation to revenue
0.010.01000
Graham number
59.1757.7857.8453.7168.98
ROIC
0.050.050.040.040.03
Return on tangible assets
0.030.030.030.020.03
Graham Net
-57.54-60.1-63.01-59.61-64.4
Working capital
-237.9M-204.7M-252.1M1.8M90.5M
Tangible asset value
2.33B3B3.13B3.19B3.25B
Net current asset value
-2.88B-3.03B-3.2B-2.78B-3.49B
Invested capital
0.740.790.830.720.64
Average receivables
120.4M104.15M117.8M130.8M137.55M
Average payables
157.5M137.6M110.5M107M102.6M
Average inventory
79.75M73.5M85.95M276.8M315.65M
Days sales outstanding
28.3634.9431.8132.0526.64
Days payables outstanding
74.8753.9441.9533.4522.72
Days of inventory on hand
32.9936.3936.93148.0639
Receivables turnover
12.8710.4511.4711.3913.7
Payables turnover
4.886.778.710.9116.06
Inventory turnover
11.0610.039.882.479.36
ROE
0.080.080.070.050.09
Capex per share
-11.57-13.83-9.03-4.2-4.73

Quarterly Fundamentals Overview

Last date of statement is 2023-12-31 for Q4

Metric History 2022-12-312023-03-312023-06-302023-09-30 2023-12-31
2.02K2.02K2.02K2.02K2.02K
Revenue per share
7.599.869.316.67
Net income per share
0.660.660.91.50.9
Operating cash flow per share
2.51.614.173.281.14
Free cash flow per share
1.280.393.292.17-0.38
Cash per share
0.650.520.842.191.34
Book value per share
47.9847.3947.7248.5548.86
Tangible book value per share
56.9155.8856.0756.4759.25
Share holders equity per share
47.9847.3947.7248.5548.86
Interest debt per share
34.7934.2631.8531.931.55
Market cap
3.62B3.69B3.32B3.03B3.52B
Enterprise value
5.52B5.6B5.08B4.72B5.24B
P/E ratio
24.3224.5216.128.8217.07
Price to sales ratio
8.56.536.2388.73
POCF ratio
25.8339.9213.8916.0953.85
PFCF ratio
50.54164.6617.624.28-161.32
P/B Ratio
1.341.361.211.091.25
PTB ratio
1.341.361.211.091.25
EV to sales
12.959.929.5212.4513.02
Enterprise value over EBITDA
51.8445.8840.6827.2149.13
EV to operating cash flow
39.3760.6321.2325.0380.27
EV to free cash flow
77.04250.126.9137.79-240.44
Earnings yield
0.010.010.020.030.01
Free cash flow yield
0.020.010.060.04-0.01
Debt to equity
0.720.720.660.650.64
Debt to assets
0.280.290.270.270.24
Net debt to EBITDA
17.8315.6714.079.7216.17
Current ratio
11.231.171.221.24
Interest coverage
1.812.52.541.762.17
Income quality
3.772.465.882.711.27
Dividend Yield
0.010.010.010.010.01
Payout ratio
11.030.750.450.76
Sales general and administrative to revenue
00000
Research and developement to revenue
00000
Intangibles to total assets
0.020.020.020.020.02
Capex to operating cash flow
-0.49-0.76-0.21-0.34-1.33
Capex to revenue
-0.16-0.12-0.09-0.17-0.22
Capex to depreciation
-1.09-1.09-0.79-0.98-1.37
Stock based compensation to revenue
0000.010.01
Graham number
26.7626.4531.0640.4331.38
ROIC
0.010.010.010.010.01
Return on tangible assets
0.010.010.010.010.01
Graham Net
-55.78-53.28-51.69-51.27-64.18
Working capital
1.8M105.3M65.9M89.7M90.5M
Tangible asset value
3.19B3.2B3.21B3.24B3.25B
Net current asset value
-2.78B-2.78B-2.75B-2.74B-3.49B
Invested capital
0.720.720.660.650.64
Average receivables
129.2M129.1M121.75M121.4M128.4M
Average payables
113.65M93.95M87.1M100.8M107.25M
Average inventory
464.05M401.4M270.6M187.3M177.85M
Days sales outstanding
29.1519.1720.7928.4230.66
Days payables outstanding
29.5217.5719.6638.2626.62
Days of inventory on hand
130.6771.7942.7761.4245.69
Receivables turnover
3.094.74.333.172.94
Payables turnover
3.055.124.582.353.38
Inventory turnover
0.691.252.11.471.97
ROE
0.010.010.020.030.02
Capex per share
-1.22-1.22-0.88-1.11-1.51

ALE Frequently Asked Questions

What is ALLETE, Inc. stock symbol ?

ALLETE, Inc. is a US stock , located in Duluth of Mn and trading under the symbol ALE

What is ALLETE, Inc. stock quote today ?

ALLETE, Inc. stock price is $59.41 today.

Is ALLETE, Inc. stock public?

Yes, ALLETE, Inc. is a publicly traded company.

Something similar

Top by Market Cap
Top Correlated Stocks