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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

5 May 21
31 Jul 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 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.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Jun 21 Dindo Kathryn W Common Stock Grant Aquire A No No 0 1,334.67 0 19,593.04
1 Jun 21 Goldfarb George G Common Stock Grant Aquire A No No 0 1,334.67 0 14,881
1 Jun 21 Ludlow Madeleine W Common Stock Grant Aquire A Yes No 0 1,334.67 0 13,978.41
1 Jun 21 Jimmerson Heidi E Common Stock Grant Aquire A No No 0 1,334.67 0 26,175.22
1 Jun 21 Hoolihan James J Common Stock Grant Aquire A No No 0 1,334.67 0 19,017.91

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

72.7% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 267 264 +1.1%
Opened positions 39 43 -9.3%
Closed positions 36 35 +2.9%
Increased positions 84 82 +2.4%
Reduced positions 86 89 -3.4%
13F shares
Current Prev Q Change
Total value 2.55B 3.3B -22.6%
Total shares 37.92M 37.48M +1.2%
Total puts 4.2K 8.4K -50.0%
Total calls 9.8K 14K -30.0%
Total put/call ratio 0.4 0.6 -28.6%
Largest owners
Shares Value Change
BLK Blackrock 6.4M $430.15M +6.0%
Vanguard 5.22M $350.88M +1.7%
STT State Street 1.82M $122.35M +2.9%
Victory Capital Management 1.23M $82.78M -4.4%
MCQEF Macquarie 1.21M $81.34M +5.4%
PFG Principal Financial Group Inc - Registered Shares 1.1M $73.92M -13.2%
First Trust Advisors 947.11K $63.64M -5.8%
Aristotle Capital Boston 928.99K $62.42M -3.1%
GS Goldman Sachs 869.94K $58.45M -3.9%
Geode Capital Management 860.46K $57.81M +6.8%
Largest transactions
Shares Bought/sold Change
BAM Brookfield Asset Management 767.33K +767.33K NEW
Maple-Brown Abbott 0 -742.54K EXIT
BLK Blackrock 6.4M +364.99K +6.0%
FMR 699.26K +344.11K +96.9%
Massachusetts Financial Services 443.23K -330.99K -42.8%
Deprince Race & Zollo 300.14K +295.24K +6025.4%
IVZ Invesco 308.3K +245.11K +387.9%
Russell Investments 401.19K +229.49K +133.7%
Foundry Partners 52.72K -199.79K -79.1%
PFG Principal Financial Group Inc - Registered Shares 1.1M -167.88K -13.2%

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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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
7th grade Avg
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