CFA CPA - Allete VP Treasurer

ALE Stock  USD 64.84  0.04  0.06%   

Insider

CFA CPA is VP Treasurer of Allete Inc
Age 57
Address 30 West Superior Street, Duluth, MN, United States, 55802-2093
Phone218 279 5000
Webhttps://www.allete.com

Allete Management Efficiency

The company has Return on Asset of 0.0169 % which means that on every $100 spent on assets, it made $0.0169 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.0355 %, implying that it generated $0.0355 on every 100 dollars invested. Allete's management efficiency ratios could be used to measure how well Allete manages its routine affairs as well as how well it operates its assets and liabilities. At present, Allete's Return On Assets are projected to increase slightly based on the last few years of reporting. The current year's Return On Equity is expected to grow to 0.10, whereas Return On Capital Employed is forecasted to decline to 0.03. At present, Allete's Return On Tangible Assets are projected to increase slightly based on the last few years of reporting. The current year's Intangibles To Total Assets is expected to grow to 0.05, whereas Non Current Assets Total are forecasted to decline to about 3.4 B.
Allete Inc has 1.79 B in debt with debt to equity (D/E) ratio of 0.6, which is OK given its current industry classification. Allete Inc has a current ratio of 0.91, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Note however, debt could still be an excellent tool for Allete to invest in growth at high rates of return.

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The company operates through Regulated Operations, ALLETE Clean Energy, and Corporate and Other segments. ALLETE, Inc. was incorporated in 1906 and is headquartered in Duluth, Minnesota. Allete operates under UtilitiesDiversified classification in the United States and is traded on New York Stock Exchange. It employs 1428 people. Allete Inc (ALE) is traded on New York Stock Exchange in USA. It is located in 30 West Superior Street, Duluth, MN, United States, 55802-2093 and employs 1,564 people. Allete is listed under Electric Utilities category by Fama And French industry classification.

Management Performance

Allete Inc Leadership Team

Elected by the shareholders, the Allete's board of directors comprises two types of representatives: Allete inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Allete. The board's role is to monitor Allete's management team and ensure that shareholders' interests are well served. Allete's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Allete's outside directors are responsible for providing unbiased perspectives on the board's policies.
Robert Adams, Chief Risk Officer and Sr. VP of Energy Centric Bus.es
Bethany Owen, Senior Vice President and Chief Legal and Administrative Officer
Barbara Nick, Independent Director
Josh Kunkel, President
Robert Powers, Independent Director
CFA CPA, VP Treasurer
Julie Padilla, Chief VP
Nicole Johnson, Chief Administrative Officer, Vice President
Douglas Neve, Independent Director
Alan Hodnik, Chairman, CEO and President and COO of Minnesota Power
Charlene Thomas, Independent Director
Vincent Meyer, Vice Relations
Susan Nestegard, Lead Independent Director
Steven Morris, Chief Accounting Officer, Vice President and Controller
Margaret Thickens, Vice President Chief Legal Officer, Corporate Secretary
Heidi JimmersonEddins, Lead Independent Director
Rob Sandstrom, Light Water
James Hoolihan, Independent Director
Matthew Hankey, President Equity
Patrick Cutshall, Vice President, Corporate Treasurer
Kathryn Dindo, Independent Director
George Goldfarb, Independent Director
Jeffrey Scissons, Director Development
CPA CFA, VP Treasurer
Joshua Skelton, VP Power
Madeleine Ludlow, Independent Director
Frank Frederickson, Vice Power

Allete Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Allete a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Also Currently Popular

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When determining whether Allete Inc is a strong investment it is important to analyze Allete's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Allete's future performance. For an informed investment choice regarding Allete Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Allete Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
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Is Electric Utilities space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Allete. If investors know Allete will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Allete listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.48)
Dividend Share
2.793
Earnings Share
3.12
Revenue Per Share
27.217
Quarterly Revenue Growth
0.075
The market value of Allete Inc is measured differently than its book value, which is the value of Allete that is recorded on the company's balance sheet. Investors also form their own opinion of Allete's value that differs from its market value or its book value, called intrinsic value, which is Allete's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Allete's market value can be influenced by many factors that don't directly affect Allete's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Allete's value and its price as these two are different measures arrived at by different means. Investors typically determine if Allete is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allete's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.