ALE Allete Dashboard

ALLETE, Inc. engages in the provision of electric and natural gas utility services. It operates through the following business segments: Regulated Operations, ALLETE Clean Energy, U.S. Water Services, and Corporate and Other. The Regulated Operations segment includes regulated utilities; Minnesota Power; SWL&P; and investment in ATC, which regulates utilities that owns and maintains electric transmission assets. The ALLETE Clean Energy segment develops, acquires, and operates clean and renewable energy projects. The U.S. Water Services segment provides integrated water management for industry by combining chemical, equipment, engineering, and service for customized solutions to reduce water and energy usage and improve efficiency. The Corporate and Other segment consists of other business development and corporate expenditure of the firm. The company was founded in 1906 and is headquartered in Duluth, MN.

Company profile

Ticker

ALE

Exchange

NYSE

Website

www.allete.com

CEO

Bethany M. Owen

Incorporated

Minnesota

Location

Minnesota

Fiscal year end

Dec 31

Sector

Utilities > Electric Utilities

Industry (SIC)

Electric & Other Services Combined

PG&E • Duke Energy • Consolidated Edison • LG&E & KU Energy • Consolidated Edison Co Of New York • San Diego Gas & Electric • Public Service Electric & Gas • Public Service Enterprise • Xcel Energy • CMS Energy ...

Former names

ALLETE, MINNESOTA POWER & LIGHT CO, MINNESOTA POWER INC

SEC CIK

0000066756

Corporate docs

Articles of Incorporation & Bylaws

IRS number

410418150

ALE stock data

S&P 500

1M 1Y 2Y 5Y

News

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Stocks That Hit 52-Week Highs On Tuesday

16 Mar 21

This morning 279 companies reached new 52-week highs.

Stocks That Hit 52-Week Highs On Monday

15 Mar 21

On Monday morning, 415 companies achieved new highs for the year.

Looking Into ALLETE's Return On Capital Employed

17 Feb 21

ALLETE (NYSE:ALE) showed a loss in earnings since Q3, totaling $36.40 million. Sales, on the other hand, increased by 9.02% to $320.40 million during Q4. In Q3, ALLETE earned $41.60 million and total sales reached $293.90 million.

Recap: ALLETE Q4 Earnings

17 Feb 21

ALLETE Q4 EPS $0.90 Beats $0.75 Estimate, Sales $320.40M Beat $300.65M Estimate

17 Feb 21

Press releases

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ALLETE to Announce First Quarter Financial Results May 6

8 Apr 21

ALLETE Inc. (NYSE:ALE) will announce its financial results for the first quarter before the stock markets open on Thursday, May 6, 2021. Following the release, ALLETE Chief Executive Officer and President Bethany M.

ALLETE Highlights Sustainability in Action in Enhanced Sustainability Report

5 Apr 21

ALLETE Inc. has released its 2020 corporate sustainability report highlighting the company's performance related to energy and the environment, social responsibility, and best-practices governance. The enhanced 2020

ALLETE, Inc. to Host Earnings Call

17 Feb 21

NEW YORK, NY / ACCESSWIRE / February 17, 2021 / ALLETE, Inc. (NYSE:ALE) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on February 17, 2021 at 10:00 AM Eastern Time.To

ALLETE, Inc. Reports 2020 Earnings of $3.35 Per Share; Initiates 2021 Earnings Guidance; Anticipates Further Improvement In 2022

17 Feb 21

ALLETE Clean Energy to Sell Repowered Wind Site to Xcel Energy

16 Feb 21

Investment data

Data from SEC filings

Securities sold

Number of investors

Calendar

16 Feb 21

12 Apr 21

31 Dec 21

Financial summary

Financial statements Chart ALE financial data

Quarter (USD)	Dec 20	Sep 20	Jun 20	Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 20	Dec 19	Dec 18	Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Allete earnings reports.

Cash burn rate (estimated)	Burn method: Change in cash		Burn method: Operating income/loss		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	65.2M	65.2M	65.2M	65.2M	65.2M	65.2M
Cash burn (monthly)	6.63M	2.28M	(positive/no burn)	(positive/no burn)	(positive/no burn)	(positive/no burn)
Cash used (since last report)	22.68M	7.78M	n/a	n/a	n/a	n/a
Cash remaining	42.52M	57.42M	n/a	n/a	n/a	n/a
Runway (months of cash)	6.4	25.2	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Recent insider trades

ALE insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
11 Feb 21	Robert John Adams	Common Stock	Payment of exercise	Dispose F	No	No	67.1	491.82	33K	6,355.09
11 Feb 21	Nicole Renee Johnson	Common Stock	Payment of exercise	Dispose F	No	No	67.1	253.16	16.99K	3,856.76
11 Feb 21	Patrick L Cutshall	Common Stock	Payment of exercise	Dispose F	No	No	67.1	139.15	9.34K	4,720.27
11 Feb 21	Steven Wayne Morris	Common Stock	Payment of exercise	Dispose F	No	No	67.1	139.15	9.34K	7,843.88
11 Feb 21	Hodnik Alan R	Common Stock	Payment of exercise	Dispose F	No	No	67.1	1,756.25	117.84K	55,288.22

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q4 2020

ALE institutional ownership history Ownership history

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

71.9% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	263	256	+2.7%
Opened positions	42	27	+55.6%
Closed positions	35	45	-22.2%
Increased positions	81	78	+3.8%
Reduced positions	90	97	-7.2%

13F shares	Current	Prev Q	Change
Total value	3.3B	3.62B	-8.8%
Total shares	37.47M	37.16M	+0.9%
Total puts	8.4K	12.8K	-34.4%
Total calls	14K	14.2K	-1.4%
Total put/call ratio	0.6	0.9	-33.4%

Largest owners	Shares	Value	Change
BLK Blackrock	6.04M	$373.94M	+3.1%
Vanguard	5.14M	$318.2M	+0.8%
STT State Street	1.77M	$109.64M	+4.6%
Victory Capital Management	1.29M	$79.8M	+16.5%
PFG Principal Financial Group Inc - Registered Shares	1.27M	$78.54M	-4.8%
MCQEF Macquarie	1.15M	$71.14M	+26.2%
First Trust Advisors	1.01M	$62.27M	-9.4%
Aristotle Capital Boston	958.43K	$59.37M	+0.5%
GS Goldman Sachs	905.14K	$56.07M	-17.5%
WFC Wells Fargo & Co.	892.96K	$55.31M	-0.2%

Largest transactions	Shares	Bought/sold	Change
NTRS Northern Trust	779.17K	-293.78K	-27.4%
MCQEF Macquarie	1.15M	+238.79K	+26.2%
Maple-Brown Abbott	742.54K	-234.94K	-24.0%
Frontier Capital Management	412.42K	+200.65K	+94.7%
GS Goldman Sachs	905.14K	-192.65K	-17.5%
Victory Capital Management	1.29M	+182.1K	+16.5%
BLK Blackrock	6.04M	+180.16K	+3.1%
JPM JPMorgan Chase & Co.	431.6K	+172.74K	+66.7%
Renaissance Technologies	0	-130.5K	EXIT
MS Morgan Stanley	262.67K	+115.87K	+78.9%

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

Management Discussion

Net income attributable to ALLETE in 2020 was $174.2 million, or $3.35 per diluted share, compared to $185.6 million, or $3.59 per diluted share, in 2019. Net income in 2020 included reserves for interim rates of $8.3 million after-tax, or $0.16 per share, for the refund of interim rates collected through April 30, 2020, resulting from the MPUC’s approval of the resolution of Minnesota Power’s 2020 general rate case. (See Note 4. Regulatory Matters.) Net income in 2019 included the gain on sale of U.S. Water Services of $13.2 million after-tax, or $0.26 per share, and U.S. Water Services results of operations amounted to a net loss of $1.1 million after-tax, or $0.02 per share. Earnings per share dilution in 2020 was $0.02 due to additional shares of common stock outstanding as of December 31, 2020.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	7th grade Avg

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From filing 10-K 2020 FY