ALLETE INC Overview
Industry: Utilities Diversified
Sector: Utilities
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 regulated utility electric services in northwestern Wisconsin to approximately 15,000 electric customers, 13,000 natural gas customers, and 10,000 water customers, as well as regulated utility electric services in northeastern Minnesota to approximately 150,000 retail customers and 14 non-affiliated municipal customers. It also owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illinois. In addition, the company focuses on developing, acquiring, and operating clean and renewable energy projects; and owns and operates approximately 1,300 megawatts of wind energy generation facility. Further, it is involved in the coal mining operations in North Dakota; and real estate investment activities in Florida. The company owns and operates 162 substations with a total capacity of 10,116 megavolt amperes. It serves taconite mining, paper, pulp and secondary wood products, pipeline, and other industries. The company was formerly known as Minnesota Power, Inc. and changed its name to ALLETE, Inc. in May 2001. The company was incorporated in 1906 and is headquartered in Duluth, Minnesota. 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 regulated utility elect Read MoreALLETE INC is evaluated based on the investment philosophy and approach to stock market investing developed by renowned investor Warren Buffett. Companies with high ratings typically exhibit growing earnings, a substantial profit margin, conservative leverage, a consistently high return on equity, and a sustained practice of repurchasing their shares over the years.
ALLETE INC
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Recent News
Earnings Per Share
Score 3.00/5
ALLETE INC boasts a high score, as its Earnings Per Share (EPS) has demonstrated consistent growth over the past six years. Notable counterparts in the sector with high scores includes
Otter Tail Corporation
Sempra Energy
Atmos Energy Corporation
In
Utilities Diversified industry
, Otter Tail Corporation
, Sempra Energy
, ENERGY CO OF PARANA
are companies with high ratings.
Return on Equity
Score 0.00/5
ALLETE INC exhibits a lower score in the Return on Equity (ROE) section, falling below the sector median value and indicating a comparatively weaker performance in this metric. The top companies in the same sector include
Otter Tail Corporation
Sempra Energy
Atmos Energy Corporation
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, Sempra Energy
, ENERGY CO OF PARANA
are companies with high ratings.
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Net Margin
Score 3.00/5
ALLETE INC
commands a high score, propelled by its net margin consistently outpacing the sector median value and exhibiting continuous growth in recent six years; noteworthy counterparts in the sector, boasting similarly high scores, include
Otter Tail Corporation
Sempra Energy
Atmos Energy Corporation
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, Otter Tail Corporation
, Sempra Energy
, ENERGY CO OF PARANA
are companies with high ratings.
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Leverage
Score 2.50/5
ALLETE INC
registers a lower score in the category as a result of its elevated leverage ratio over the past six years compared to the sector median value. Conversely, other companies in the same sector, including
Otter Tail Corporation
Sempra Energy
Atmos Energy Corporation
have achieved high scores.
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In
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, Otter Tail Corporation
, Sempra Energy
, ENERGY CO OF PARANA
are companies with high ratings.
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