ALLETE, Inc.(ALE) Stock Research - Grey Stern Research
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ALLETE, Inc. (ALE) Stock Analysis

$65.33 (0.21%)

ALE Financial Performance


Use the table below to view ALLETE, Inc.'s financial profile. This data is gathers from the latest available financial statements. Annual data is taken from the trailing 12 months of statements. All numbers are reported in US Dollars and so any foreign currencies are converted to USD so comparison's can be done.

Based on Financial Statements from Q4 - 2024

Metric Value Ranking among Peers
Price $65.19 -
52 Week Low $59.00 -
52 Week High $65.99 -
Market Cap $3.8 Billion 6/12
Gross Margin 34% 8/12
Profit Margin 14% 5/12
EBITDA margin 33% 5/12
Q4 - 2024 Revenue $364.8 Million 9/12
Q4 - 2024 Earnings $50.6 Million 10/12
Q4 - 2024 Free Cash Flow -$34.8 Million 6/12
Trailing 4 Quarters Revenue $1.5 Billion 8/12
Trailing 4 Quarters Earnings $179.3 Million 9/12
Quarterly Earnings Growth -2% 7/12
Annual Earnings Growth -42% 11/12
Quarterly Revenue Growth -9% 11/12
Annual Revenue Growth -1% 8/12
Cash On Hand $32.8 Million 8/12
Short Term Debt $94.7 Million 9/12
Long Term Debt $1.7 Billion 9/12

ALLETE, Inc. Financial Metrics


Financial metrics are a set of useful numbers that can give key performance indicators of a company. The various metrics can include information about profitability, growth, and debt load. When combined and use properly they can tell an analyst a compelling fact-based story of how the company is currently performing. To compare ALLETE, Inc.'s metrics versus it's peers make sure to run our peer analysis tool.

Valuation Metrics

Metric Value Ranking among Peers
PE 21.07 3/12
PS 2.47 1/12
PB 1.11 8/12
PC 115.20 4/12
Liabilities to Equity 1.18 11/12
ROA 0.03 4/12
ROE 0.06 10/12
Current Ratio 2.01 2/12
Quick Ratio 0.01 8/12
Long Term Debt to Equity 0.60 8/12
Debt to Equity 0.63 9/12
Burn Rate 0.79 7/12
Cash to Cap 0.01 8/12
CCR -0.69 7/12
EV to EBITDA 45.87 3/12
EV to Revenue 3.62 3/12

Company Details

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.

CEO: Ms. Bethany Owen

Website: https://www.allete.com

Address: 30 W SUPERIOR ST Duluth, MINNESOTA

Exchange: New York Stock Exchange

Industry: Utilities—Diversified

ALLETE, Inc. Peer Analysis


A useful and more reliable way of seeing the health of a company is to compare it to other companies operating in the same sector. Below is our list of companies which we rank are the closest peers to ALLETE, Inc.. If you feel that peers should be added or removed from this list please contact us. To run an in-depth peer analysis which compares many financial metrics click on the link below.

Stock Ticker Market Cap
The AES Corporation AES $7.2 Billion
Companhia Energética de Minas Gerais CIG $6.0 Billion
Companhia Paranaense de Energia - COPEL ELP $1.4 Billion
Black Hills Corporation BKH $4.3 Billion
Avista Corporation AVA $3.3 Billion
NorthWestern Corporation NWE $3.6 Billion
Otter Tail Corporation OTTR $3.3 Billion
Brookfield Infrastructure Partners L.P. BIP $13.3 Billion
Unitil Corporation UTL $947.5 Million
Montauk Renewables, Inc. MNTK $316.8 Million
The AES Corporation AESC $11.2 Billion
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Income Statement
Balance Sheet
Cash Flow Statement
ALE Income Statements
Quarter Year Revenue Earnings
Q4 2024 $ 364.8 Million $50.6 Million
Q3 2024 $ 407.2 Million $45.0 Million
Q2 2024 $ 354.5 Million $33.0 Million
Q1 2024 $ 403.3 Million $50.7 Million
Q4 2023 $ 402.7 Million $51.5 Million
Q3 2023 $ 378.8 Million $85.9 Million
Q2 2023 $ 533.4 Million $51.5 Million
Q1 2023 $ 564.9 Million $37.6 Million

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ALE Balance Sheets
Quarter Year Cash & Equivalents Total Assets Total Debt Total Equity
Q4 2024 $32.8 Million $6.8 Billion $1.8 Billion $3.4 Billion
Q3 2024 $101.9 Million $6.7 Billion $1.8 Billion $2.8 Billion
Q2 2024 $41.3 Million $6.7 Billion $1.8 Billion $3.4 Billion
Q1 2024 $37.9 Million $6.6 Billion $1.8 Billion $3.4 Billion
Q4 2023 $77.0 Million $7.4 Billion $1.8 Billion $3.4 Billion
Q3 2023 $125.5 Million $6.6 Billion $1.8 Billion $3.4 Billion
Q2 2023 $47.9 Million $6.6 Billion $1.8 Billion $2.7 Billion
Q1 2023 $29.9 Million $6.7 Billion $1.9 Billion $2.7 Billion

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ALE Cash Flow Statements
Quarter Year freeCashFlow capitalExpenditure netChangeInCash
Q4 2024 -$34.8 Million -$124.6 Million -$55.8 Million
Q3 2024 $94.5 Million -$96.3 Million $69.7 Million
Q2 2024 $43.0 Million -$73.4 Million $3.4 Million
Q1 2024 -$500,000 -$60.6 Million -$39.1 Million
Q4 2023 -$21.8 Million -$87.1 Million -$51.8 Million
Q3 2023 $124.8 Million -$63.6 Million $80.1 Million
Q2 2023 $188.7 Million -$50.5 Million $11.5 Million
Q1 2023 $22.4 Million -$70.0 Million -$600,000

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