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Profile - ALLETE, Inc. (NYSE:ALE)
As of 31-Aug-2001
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More Info: Quote | Chart | News | Profile | Research | SEC | Msgs | Insider | Financials | Reports
Recent Events
Sep  1Dividend payment of $0.268
Aug 29Price hit new 52-week high ($26.45)
Location
30 West Superior Street
Duluth, MN 55802
Phone: (218) 279-5000
Fax: (218) 723-3944
Email: shareholder@allete.com
Employees (last reported count): 9,000
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Analyst Upgrade/Downgrade History
 ·Historical Quote Data
 ·Free Annual Report
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Conglomerates
 ·Industry: Conglomerates
Company Website
 ·Home Page

 ·Search Yahoo! for related links...

Index Membership
 ·S&P 400 MidCap
Ownership
·Insider and 5%+ Owners: 12%
·Over the last 6 months:
 · one insider buy; 1,000  shares
 · 2 insider sells; 22.0K shares
  (0.2% of insider shares)
·Institutional: 33% (37% of float)
(327 institutions)
·Net Inst. Buying: 6.04M shares (+18.29%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
ALLETE, Inc., formerly known as ALLETE, is a multi-services company that operates in 43 states and nine Canadian provinces and engages in four business segments. The Company offers Energy Services, Automotive Services, Water Services and Investments. Energy Services include electric and gas services, coal mining and telecommunications operations. Automotive Services include a network of vehicle auctions, a finance company, an auto-transport company, a vehicle remarketing company, a company that provides field information services to the automotive industry and its lenders, and a company that provides Internet-based parts location and insurance-adjustment audit services nationwide. Water Services include water and wastewater services. Investments include real estate operations, investments in emerging technologies related to the electric utility industry and a securities portfolio. ALLETE is legally incorporated as Minnesota Power, Inc.
More from Market Guide: Expanded Business Description

Financial Summary
ALLETE, Inc. is a broadly diversified services company with operations in four business segments: electric operations, water services, automobile services and investments. For the six months ended 6/30/01, revenues rose 32% to $856 million. Net income fell 20% to $75.4 million. Revenues reflect acquisitions and increased vehicles financed. Lower income reflects increased goodwill amortization charges and the absence of a $48 million gain on sale of ACE.
More from Market Guide: Significant Developments

Officers[Insider Trade Data]
FY1999 Pay

David Gartzke, 56
Pres, Director
--  
James Vizanko, 48
CFO, VP, Treasurer
--  
John Cirello, 56
Exec. VP,Pres and CEO- MP Water Resources Group
$567K
Donnie Crandell, 55
Exec. VP and Pres- MP Real Estate Holdings
--  
Robert Edwards, 55
Exec. VP and Pres - MP Electric
648K
Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc..
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- NYSE:ALEAs of 31-Aug-2001
Price and Volume
52-Week Low
on 25-Oct-2000
$20.125
Recent Price$26.16 
52-Week High
on 29-Aug-2001
$26.45 
Beta-0.12 
Daily Volume (3-month avg)219.0K
Daily Volume (10-day avg)225.0K
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y | max]
52-Week Change+17.2%
52-Week Change
relative to S&P500
+57.3%
Share-Related Items
Market Capitalization$2.17B
Shares Outstanding82.9M
Float73.0M
Dividends & Splits
Annual Dividend (indicated)$1.07 
Dividend Yield4.09%
Last Split: 2 for 1 on 3-Mar-1999
Per-Share Data
Book Value (mrq)$13.44 
Earnings (ttm)$1.79 
Earnings (mrq)$0.57 
Sales (ttm)$21.45 
Cash (mrq)$5.26 
Valuation Ratios
Price/Book (mrq)1.95 
Price/Earnings (ttm)14.65 
Price/Sales (ttm)1.22 
Income Statements
Sales (ttm)$1.54B
EBITDA (ttm)$387.5M
Income available to common (ttm)$128.5M
Profitability
Profit Margin (ttm)8.4%
Operating Margin (ttm)13.7%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter30-June-2001
Management Effectiveness
Return on Assets (ttm)4.47%
Return on Equity (ttm)13.67%
Financial Strength
Current Ratio (mrq)1.39 
Debt/Equity (mrq)1.16 
Total Cash (mrq)$434.2M
Short Interest
As of 8-Aug-2001
Shares Short1.06M
Percent of Float1.5%
Shares Short
(Prior Month)
1.05M
Short Ratio5.86 
Daily Volume181.0K
See Profile Help for a description of each item above;   K = thousands;   M = millions;   B = billions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001)

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