ALE:NYE-Allete Inc (USD)

COMMON STOCK | Utilities-Diversified | NYE

Last Closing Price

USD 66.30

Change

-0.04 (-0.06)%

Market Cap

USD 3.83B

Volume

0.22M

Avg Analyst Target

USD 59.00 (-11.01%)

Avg User Target

USD
Average Analyst Rating

Verdict

Fundamental Analysis

Verdict


ALE Stock Forecast & Price:
Based on the Allete Inc stock forecasts from 5 analysts, the average analyst target price for Allete Inc is USD 59.00 over the next 12 months. Allete Inc’s average analyst rating is Buy . Stock Target Advisor’s own stock analysis of Allete Inc is Bearish, which is based on 4 positive signals and 11 negative signals. At the last closing, Allete Inc’s stock price was USD 66.30. Allete Inc’s stock price has changed by +0.23% over the past week, +16.09% over the past month and +9.88% over the last year.

About Allete Inc (ALE:NYE)

ALLETE, Inc. operates as an energy company. The company operates through Regulated Operations, ALLETE Clean Energy, and Corporate and Other segments. It generates electricity from coal-fired, biomass co-fired / natural gas, hydroelectric, wind, and solar. The company provides reg ...Read More

Technical Indicators

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2022-11-29 )

Largest Industry Peers for Utilities-Diversified

Symbol Name Price(Change) Market Cap Price / Earning Ratio EV/EBITDA
SRE Sempra Energy

-1.76 (-1.08%)

USD51.38B 22.86 15.84
SRE-PA Sempra Energy

N/A

USD32.92B 7.53 N/A
SRE-PB Sempra

N/A

USD32.81B 7.43 N/A
ELP Companhia Paranaense de Energi..

-0.03 (-0.41%)

USD19.98B 60.83 1.41
AES The AES Corporation

+0.22 (+0.78%)

USD18.73B 11.74 30.53
BIP Brookfield Infrastructure Part..

-0.32 (-0.86%)

USD17.49B 145.23 7.74
CIG-C Energy of Minas Gerais Co DRC

+0.15 (+4.63%)

USD7.22B 13.67 1.23
CIG Companhia Energetica de Minas ..

+0.08 (+3.88%)

USD5.41B 8.54 1.23
BKH Black Hills Corporation

-0.26 (-0.37%)

USD4.60B 17.82 13.25
HE Hawaiian Electric Industries I..

-0.61 (-1.50%)

USD4.47B 18.73 7.73

ETFs Containing ALE

Symbol Name Weight Mer Price(Change) Market Cap
IBCJ:F iShares V Public Limited .. 0.00 % 0.74 %

+0.02 (+0.13%)

USD0.04B
IBCJ:XETRA iShares MSCI Poland UCITS 0.00 % 0.74 %

-0.01 (-0.11%)

USD0.04B

Market Performance

  Market Performance vs.
Industry/Classification (Utilities-Diversified)
Market Performance vs. Exchange
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain -0.08% 47% F 79% C+
Dividend Return 3.92% 47% F 66% D
Total Return 3.84% 47% F 83% B
Trailing 12 Months  
Capital Gain 13.08% 53% F 87% B+
Dividend Return 4.43% 40% F 66% D
Total Return 17.52% 53% F 88% B+
Trailing 5 Years  
Capital Gain -17.64% 17% F 34% F
Dividend Return 15.13% 8% F 61% D-
Total Return -2.51% 17% F 32% F
Average Annual (5 Year Horizon)  
Capital Gain -3.03% 33% F 25% F
Dividend Return 3.47% 60% D- 71% C-
Total Return 0.44% 33% F 31% F
Risk Return Profile  
Volatility (Standard Deviation) 19.64% 53% F 57% F
Risk Adjusted Return 2.23% 33% F 30% F
Market Capitalization 3.83B 25% F 75% C
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 87%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%

Key Financial Ratios

  Ratio vs. Industry/Classification
(Utilities-Diversified)
Ratio vs. Market
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
Market Value  
Price / Earning Ratio 18.29 60% D- 42% F
Price/Book Ratio 1.43 83% B 53% F
Price / Cash Flow Ratio 14.52 17% F 26% F
EV/EBITDA 13.15 42% F 28% F
Management Effectiveness  
Return on Equity 4.60% 27% F 37% F
Return on Invested Capital 4.20% 7% F 46% F
Return on Assets 1.46% 7% F 38% F
Debt to Equity Ratio 73.07% 77% C+ 46% F
Technical Ratios  
Dividend Yield 3.88% 57% F 55% F
Short Ratio 2.22 62% D- 49% F
Short Percent 2.06% 42% F 63% D
Beta 0.70 40% F 75% C
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 97%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%

Annual Financials (USD)

Quarterly Financials (USD)

Analyst Ratings

Target Price Action Rating Action Analyst Rating Price Date

No discussions yet

User / Independent Analyst Ratings

User Name Target Rating Target Horizon (Months) Target Price User Analysis Date Comment

Fundamental Analysis Breakdown

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
Underpriced compared to book value

The stock is trading low compared to its peers on a price to book value basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Low debt

The company is less leveraged than its peers ,, and is among the top quartile, which makes it more flexible. However, do check the news and look at its sector. Sometimes this is low because the company is not growing and has no growth potential.

Positive cash flow

The company had positive total cash flow in the most recent four quarters.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

What to not like:
Low market capitalization

This is among the smaller entities in its sectors with below median market capitalization. That may make it less stable in the long run unless it has a unique technology or market which can help it grow or get acquired in future.

Poor risk adjusted returns

This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.

Below median dividend returns

The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.

Overpriced on cashflow basis

The stock is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

Poor return on equity

The company management has delivered below median return on equity in the most recent 4 quarters compared to its peers.

Poor capital utilization

The company management has delivered below median return on invested capital in the most recent 4 quarters compared to its peers.

Poor return on assets

The company management has delivered below median return on assets in the most recent 4 quarters compared to its peers.

Overpriced on free cash flow basis

The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

Low Earnings Growth

This stock has shown below median earnings growth in the previous 5 years compared to its sector

Low Revenue Growth

This stock has shown below median revenue growth in the previous 5 years compared to its sector

Low Dividend Growth

This stock has shown below median dividend growth in the previous 5 years compared to its sector.