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

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

6 May 20
2 Jul 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 311.6M 304.6M 288.3M 290.4M
Net income 64.5M 49.7M 31.2M 34.2M
Diluted EPS 1.28 0.96 0.6 0.66
Net profit margin 20.70% 16.32% 10.82% 11.78%
Operating income 60.2M 49.8M 37M 36.2M
Net change in cash -2.3M -31M -102.8M -150.2M
Cash on hand 67M 69.3M 100.3M 203.1M
Cost of revenue 16.9M 18.8M 14.7M 16.5M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 1.24B 1.5B 1.42B 1.34B
Net income 185.5M 174.1M 172.2M 155.8M
Diluted EPS 3.59 3.38 3.38 3.14
Net profit margin 14.95% 11.62% 12.13% 11.63%
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
1 Jun 20 Dindo Kathryn W Common Stock Grant Dispose A 0 1,740.92 0 18,024.83
1 Jun 20 Goldfarb George G Common Stock Grant Aquire A 0 1,740.92 0 12,999.16
1 Jun 20 Jimmerson Heidi E Common Stock Grant Aquire A 0 1,740.92 0 24,475.97
1 Jun 20 Hoolihan James J Common Stock Grant Aquire A 0 1,740.92 0 16,981.71
1 Jun 20 Powers Robert P Common Stock Grant Aquire A 0 1,740.92 0 5,202.7
74.1% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 281 299 -6.0%
Opened positions 37 48 -22.9%
Closed positions 55 40 +37.5%
Increased positions 90 109 -17.4%
Reduced positions 101 84 +20.2%
13F shares
Current Prev Q Change
Total value 2.55B 3.07B -17.0%
Total shares 38.35M 37.86M +1.3%
Total puts 19.9K 300 +6533.3%
Total calls 11.7K 3.5K +234.3%
Total put/call ratio 1.7 0.1 +1884.3%
Largest owners
Shares Value Change
BLK BlackRock 6.14M $372.79M -3.3%
Vanguard 5.52M $335.14M +3.5%
STT State Street 1.91M $115.9M +3.6%
PFG Principal Financial 1.42M $85.9M +31.3%
Victory Capital Management 1.23M $74.84M -1.2%
FRLG Goldman Sachs 1.21M $73.61M +10.5%
NTRS Northern Trust 1.11M $67.2M -0.9%
MCQEF Macquarie 892.58K $54.16M +15.6%
Renaissance Technologies 860.96K $52.24M +5.4%
Geode Capital Management 826.12K $50.13M +9.1%
Largest transactions
Shares Bought/sold Change
WFC Wells Fargo & Co. 472.77K +355.9K +304.5%
PFG Principal Financial 1.42M +337.16K +31.3%
BLK BlackRock 6.14M -210.03K -3.3%
ExodusPoint Capital Management 6.1K -206.76K -97.1%
MNGPF Man 63.47K -203.97K -76.3%
Vanguard 5.52M +184.9K +3.5%
State Of Wisconsin Investment Board 164.9K +164.9K NEW
WHG Westwood 144.11K +144.11K NEW
Channing Capital Management 376.06K +141.39K +60.2%
Pictet Asset Management 152.09K -130.59K -46.2%

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
8th grade Avg
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