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ALE Allete

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
Website
CEO
Bethany M. Owen
Employees
Incorporated
Location
Fiscal year end
Former names
ALLETE, MINNESOTA POWER & LIGHT CO, MINNESOTA POWER INC
SEC CIK
IRS number
410418150

ALE stock data

(
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Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

16 Feb 21
12 Apr 21
31 Dec 21
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

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 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%

Financial report summary

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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
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