Alan Hodnik - Allete Chairman
ALE Stock | USD 59.64 0.82 1.39% |
Chairman
Mr. Alan R. Hodnik is the Chairman of the Board, Chief Executive Officer of the Company. Mr. Hodnik is ALLETE Chairman and CEO. Since joining the Company in 1982, Mr. Hodnik has served in many capacities, including in organizational development and managing electric generation facilities from 1995 to 2005, with an increasing scope of leadership responsibilities. In 2005, Mr. Hodnik was named Vice PresidentGeneration Operations in 2006, he became Senior Vice President of Minnesota Power Operations and he was promoted to Chief Operating Officer in 2007, assuming responsibility for subsidiaries, SWLP and BNI Energy, at that time. Mr. Hodnik was elected President of ALLETE in May 2009, serving in that role until January 2019. He was elected CEO in May 2010 and Chairman in May 2011. Mr. Hodnik is a director for PolyMet Mining Corporationration and serves as the chair of its compensation committee. In 2017 and 2018, he served as president of the Association of Edison Illuminating Companies, an operationsfocused electric industry trade association. Mr. Hodnik is also a director of Essentia Health System, where he is a member of its physician compensation, finance, and executive committees. Mr. Hodnik served as the elected mayor of the City of Aurora, Minnesota from 1988 to 1997. Mr. Hodnik has served the Company for more than three decades, working in a wide variety of positions with increasing responsibility. He has extensive experience with both regulated utility and nonregulated utility operations, strategic planning, leadership, organizational development, and governmental affairs. Mr. Hodnik brings a deep understanding of the natural resource industries that ALLETE and its energy businesses interact with and serve. since 2020.
Age | 60 |
Tenure | 4 years |
Address | 30 West Superior Street, Duluth, MN, United States, 55802-2093 |
Phone | 218 279 5000 |
Web | https://www.allete.com |
Allete Management Efficiency
The company has Return on Asset of 0.0176 % which means that on every $100 spent on assets, it made $0.0176 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.053 %, implying that it generated $0.053 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 Equity is projected to slightly decrease based on the last few years of reporting. At present, Allete's Non Currrent Assets Other are projected to increase significantly based on the last few years of reporting. The current year's Fixed Asset Turnover is expected to grow to 0.64, whereas Other Current Assets are forecasted to decline to about 71.2 M.Similar Executives
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Dennis CPA | Middlesex Water | 65 | |
Ahmet Kent | The Coca Cola | 64 | |
Paul Rady | Antero Midstream Partners | 70 | |
Dennis Doll | Middlesex Water | 58 | |
Kevin Kabat | NiSource | 63 | |
Muhtar Kent | The Coca Cola | 62 | |
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Management Performance
Return On Equity | 0.053 | ||||
Return On Asset | 0.0176 |
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 | ||
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 | ||
Deborah Amberg, Sr. VP, General Counsel and Secretary | ||
Susan Nestegard, Lead Independent Director | ||
Steven Morris, Chief Accounting Officer, Vice President and Controller | ||
Margaret Thickens, Vice President Chief Legal Officer, Corporate Secretary | ||
Steven DeVinck, CFO, Principal Accounting Officer and Sr. VP of Bus. Support | ||
Patrick Mullen, Senior Vice President - External Affairs | ||
Heidi JimmersonEddins, Lead Independent Director | ||
Rob Sandstrom, Light Water | ||
James Hoolihan, Independent Director | ||
Bradley Oachs, Senior Vice President and President – Regulated Operations | ||
Leonard Rodman, Independent Director | ||
Matthew Hankey, President Equity | ||
James Haines, Independent Director | ||
Heidi Jimmerson, Independent Director | ||
David McMillan, Sr. VP of External Affairs | ||
Patrick Cutshall, Vice President, Corporate Treasurer | ||
Kathryn Dindo, Independent Director | ||
George Goldfarb, Independent Director | ||
Sidney Emery, Independent Director | ||
Jeffrey Scissons, Director Development | ||
CPA CFA, VP Treasurer | ||
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.
Return On Equity | 0.053 | ||||
Return On Asset | 0.0176 | ||||
Profit Margin | 0.13 % | ||||
Operating Margin | 0.11 % | ||||
Current Valuation | 5.11 B | ||||
Shares Outstanding | 57.58 M | ||||
Shares Owned By Insiders | 0.41 % | ||||
Shares Owned By Institutions | 78.80 % | ||||
Number Of Shares Shorted | 1.33 M | ||||
Price To Earning | 19.79 X |
Allete Investors Sentiment
The influence of Allete's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Allete. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Allete's public news can be used to forecast risks associated with an investment in Allete. The trend in average sentiment can be used to explain how an investor holding Allete can time the market purely based on public headlines and social activities around Allete Inc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Allete's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Allete's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Allete's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Allete.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Allete in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Allete's short interest history, or implied volatility extrapolated from Allete options trading.
Pair Trading with Allete
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Allete position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Allete will appreciate offsetting losses from the drop in the long position's value.Moving together with Allete Stock
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Moving against Allete Stock
0.62 | BIP-PA | Brookfield Infrastructure | PairCorr |
0.6 | BIP-PB | Brookfield Infrastructure | PairCorr |
The ability to find closely correlated positions to Allete could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Allete when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Allete - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Allete Inc to buy it.
The correlation of Allete is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Allete moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Allete Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Allete can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.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 tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Complementary Tools for Allete Stock analysis
When running Allete's price analysis, check to measure Allete's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Allete is operating at the current time. Most of Allete's value examination focuses on studying past and present price action to predict the probability of Allete's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Allete's price. Additionally, you may evaluate how the addition of Allete to your portfolios can decrease your overall portfolio volatility.
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Is Allete's industry 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 (0.01) | Dividend Share 2.71 | Earnings Share 4.3 | Revenue Per Share 32.806 | Quarterly Revenue Growth (0.05) |
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.