ALLETE Inc
NYSE:ALE

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ALLETE Inc
NYSE:ALE
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Price: 64.635 USD 0.21% Market Closed
Market Cap: 3.7B USD
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ALLETE Inc
Accounts Payable

Last Value
3-Years 3-Y CAGR
5-Years 5-Y CAGR
10-Years 10-Y CAGR
Quarterly
Annual
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ALLETE Inc
Accounts Payable Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Company Accounts Payable CAGR 3Y CAGR 5Y CAGR 10Y
ALLETE Inc
NYSE:ALE
Accounts Payable
$110.8m
CAGR 3-Years
3%
CAGR 5-Years
-5%
CAGR 10-Years
2%
PG&E Corp
NYSE:PCG
Accounts Payable
$2.4B
CAGR 3-Years
-4%
CAGR 5-Years
5%
CAGR 10-Years
7%
Southern Co
NYSE:SO
Accounts Payable
$4B
CAGR 3-Years
21%
CAGR 5-Years
12%
CAGR 10-Years
11%
Duke Energy Corp
NYSE:DUK
Accounts Payable
$4B
CAGR 3-Years
11%
CAGR 5-Years
6%
CAGR 10-Years
8%
Nextera Energy Inc
NYSE:NEE
Accounts Payable
$4.9B
CAGR 3-Years
-4%
CAGR 5-Years
11%
CAGR 10-Years
13%
Constellation Energy Corp
NASDAQ:CEG
Accounts Payable
$2.6B
CAGR 3-Years
28%
CAGR 5-Years
N/A
CAGR 10-Years
N/A
No Stocks Found

ALLETE Inc
Glance View

Market Cap
3.7B USD
Industry
Utilities

ALLETE Inc., a company rooted in the cold, industrious landscapes of Minnesota, is a prominent player in the energy sector, with its tendrils reaching into adjacent markets as well. Primarily, ALLETE provides electricity in the Upper Midwest through its Minnesota Power unit. Over the years, it has harnessed the abundant natural resources of the region to generate power, pivoting decisively to incorporate renewable sources like wind and hydroelectric power. This strategic shift not only aligns with global environmental trends but also taps into an array of government incentives aimed at reducing carbon footprints. By effectively balancing its traditional coal-fired plants with these renewable sources, ALLETE has positioned itself as a responsible energy provider, staying ahead amid growing environmental concerns and regulatory pressures. Simultaneously, ALLETE's portfolio extends beyond just selling electricity. Its infrastructure and related services segment, led by ALLETE Clean Energy and U.S. Water Services, is designed to facilitate growth opportunities. ALLETE Clean Energy markets its wind-generated power across the United States, while U.S. Water Services offers integrated water management solutions to industries, reducing consumption and improving efficiency. Each subsidiary operates synergistically, driving growth while expanding ALLETE’s revenue streams. By capitalizing on emerging trends, not just in energy but in adjacent resource management sectors, ALLETE is sculpting its narrative as an adaptable and future-oriented company. Through this diversified approach, it pursues sustained returns for its stakeholders while contributing to a cleaner and more resource-efficient future.

ALE Intrinsic Value
65.605 USD
Undervaluation 1%
Intrinsic Value
Price

See Also

What is ALLETE Inc's Accounts Payable?
Accounts Payable
110.8m USD

Based on the financial report for Sep 30, 2024, ALLETE Inc's Accounts Payable amounts to 110.8m USD.

What is ALLETE Inc's Accounts Payable growth rate?
Accounts Payable CAGR 10Y
2%

Over the last year, the Accounts Payable growth was -1%. The average annual Accounts Payable growth rates for ALLETE Inc have been 3% over the past three years , -5% over the past five years , and 2% over the past ten years .

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