Company profile

Ticker
ALE
Exchange
Website
CEO
Bethany M. Owen
Employees
Incorporated in
Location
Fiscal year end
Former names
Allete, Minnesota Power & Light Co, Minnesota Power Inc
SEC CIK
IRS number
410418150

ALE stock data

(
)
FINRA relative short interest over last month (20 trading days) ?

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

13 Feb 20
7 Apr 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Dec 19 Sep 19 Jun 19 Mar 19
Revenue 304.6M 288.3M 290.4M 357.2M
Net income 49.7M 31.2M 34.2M 70.5M
Diluted EPS 0.96 0.6 0.66 1.37
Net profit margin 16.32% 10.82% 11.78% 19.74%
Operating income 49.8M 37M 36.2M 56.8M
Net change in cash -31M -102.8M -150.2M 284.2M
Cash on hand 69.3M 100.3M 203.1M 353.3M
Cost of revenue 18.8M 14.7M 16.5M 30.6M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 1.24B 1.5B 1.42B 1.34B
Net income 185.6M 174.1M 172.2M 155.3M
Diluted EPS 3.59 3.38 3.38 3.14
Net profit margin 14.96% 11.62% 12.13% 11.59%
Operating income 179.8M 201.2M 225.9M 217M
Net change in cash 200K -29.8M 71.4M -69.5M
Cash on hand 69.3M 69.1M 98.9M 27.5M
Cost of revenue 80.6M 218M 147.5M 137.4M

Financial data from ALLETE earnings reports

Date Owner Security Transaction Code $Price #Shares $Value #Remaining
16 Mar 20 Hodnik Alan R Common Stock Sell Dispose S 58 6,000 348K 52,868.11
21 Feb 20 Hodnik Alan R Common Stock Sell Dispose S 80.39 6,000 482.34K 58,407.68
21 Feb 20 Neve Douglas C Common Stock Gift Dispose G 0 1,000 0 12,665
20 Feb 20 Robert John Adams Common Stock Sell Dispose S 79.82 500 39.91K 5,138.52
20 Feb 20 Robert John Adams Common Stock Sell Dispose S 79.78 4,919 392.44K 5,638.52
19 Feb 20 Robert John Adams Common Stock Discretionary Aquire I 80.21 3,713.08 297.83K 11,316.25
73.3% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 298 289 +3.1%
Opened positions 48 36 +33.3%
Closed positions 39 43 -9.3%
Increased positions 108 89 +21.3%
Reduced positions 84 99 -15.2%
13F shares
Current Prev Q Change
Total value 3.07B 3.32B -7.4%
Total shares 37.86M 37.96M -0.3%
Total puts 300 8.9K -96.6%
Total calls 3.5K 3K +16.7%
Total put/call ratio 0.1 3.0 -97.1%
Largest owners
Shares Value Change
BLK BlackRock 6.35M $515.72M +1.5%
Vanguard 5.34M $433.3M +0.1%
STT State Street 1.84M $149.61M +8.0%
Victory Capital Management 1.25M $101.34M -0.6%
NTRS Northern Trust 1.12M $90.72M -0.4%
GS Goldman Sachs 1.1M $89.15M -16.3%
PFG Principal Financial 1.08M $87.54M -1.5%
Aristotle Capital Boston 848.63K $68.88M +2.1%
Renaissance Technologies 817.01K $66.32M -14.3%
Wellington Management 797.62K $64.74M -37.6%
Largest transactions
Shares Bought/sold Change
Wellington Management 797.62K -480.27K -37.6%
Channing Capital Management 234.67K -297.49K -55.9%
Pictet Asset Management 282.68K +282.68K NEW
GS Goldman Sachs 1.1M -213.92K -16.3%
ExodusPoint Capital Management 212.86K +207.15K +3625.3%
Rothschild & Co Asset Management Us 55.44K -180.7K -76.5%
STT State Street 1.84M +136.09K +8.0%
Renaissance Technologies 817.01K -136K -14.3%
IVZ Invesco 697.43K +129.62K +22.8%
First Trust Advisors 639.19K +128.1K +25.1%

Financial report summary

?
Risks
  • We rely on access to financing sources and capital markets. If we do not have access to capital on acceptable terms or are unable to obtain capital when needed, our ability to execute our business plans, make capital expenditures or pursue other strategic actions that we may otherwise rely on for future growth would be adversely affected.
  • A deterioration in general economic conditions may have adverse impacts on our financial position, results of operations and cash flows.
  • We are subject to extensive state and federal legislation and regulation, compliance with which could have an adverse effect on our businesses.
  • The inability to attract and retain a qualified workforce including, but not limited to, executive officers, key employees and employees with specialized skills, could have an adverse effect on our operations.
  • Item 1A. Risk Factors (Continued)
  • Entity-wide Risks (Continued)
  • Market performance and other changes could decrease the value of pension and other postretirement benefit plan assets, which may result in significant additional funding requirements and increased annual expenses.
  • We are exposed to significant reputational risk.
  • Catastrophic events, such as natural disasters and acts of war, may adversely affect our operations.
  • We are vulnerable to acts of terrorism or cybersecurity attacks.
  • Item 1A. Risk Factors (Continued)
  • Entity-wide Risks (Continued)
  • We maintain insurance against some, but not all, of the risks and uncertainties we face.
  • Government challenges to our tax positions, as well as tax law changes and the inherent difficulty in quantifying potential tax effects of our operations and business decisions, could adversely affect our results of operations and liquidity.
  • Item 1A. Risk Factors (Continued)
  • Regulated Operations Risks (Continued)
  • Our utility operations are subject to an extensive legal and regulatory framework under federal and state laws as well as regulations imposed by other organizations that may have a negative impact on our business and results of operations.
  • Our regulated operations present certain environmental risks that could adversely affect our financial position and results of operations, including effects of environmental laws and regulations, physical risks associated with climate change and initiatives designed to reduce the impact of GHG emissions.
  • Item 1A. Risk Factors (Continued)
  • Regulated Operations Risks (Continued)
  • The operation and maintenance of our regulated electric generation and transmission facilities are subject to operational risks that could adversely affect our financial position, results of operations and cash flows.
  • Our ability to successfully and timely complete capital improvements to existing regulated facilities or other capital projects is contingent upon many variables.
  • Our regulated electric generating operations may not have access to adequate and reliable transmission and distribution facilities necessary to deliver electricity to our customers.
  • Item 1A. Risk Factors (Continued)
  • Regulated Operations Risks (Continued)
  • Our results of operations could be impacted by declining wholesale power prices.
  • The price of electricity and fuel may be volatile.
  • Demand for energy may decrease.
  • We may not be able to successfully implement our strategic objectives of growing load at our utilities if current or potential industrial or municipal customers are unable to successfully implement expansion plans, including the inability to obtain necessary governmental permits.
  • Item 1A. Risk Factors (Continued)
  • The inability to successfully manage and grow ALLETE Clean Energy and our Corporate and Other businesses could adversely affect our results of operations.
  • The generation of electricity from our wind energy facilities depends heavily on suitable meteorological conditions.
  • The construction, operation and maintenance of our electric generation facilities or investment in facilities are subject to operational risks that could adversely affect our financial position, results of operations and cash flows.
  • As contracts with counterparties expire, we may not be able to replace them with agreements on similar terms.
  • Item 1A. Risk Factors (Continued)
  • ALLETE Clean Energy / Corporate and Other Risks (Continued)
  • Counterparties to turbine supply, service and maintenance, or power sale agreements may not fulfill their obligations.
  • BNI Energy may be adversely impacted by its exposure to customer concentration, and environmental laws and regulations.
  • Real estate market conditions where our legacy Florida real estate investment is located may not improve.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
7th grade Avg
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