Allete Inc Top Management

ALEDelisted Stock  USD 67.90  0.07  0.10%   
Allete employs about 1.6 K people. The company is managed by 29 executives with a total tenure of roughly 163 years, averaging almost 5.0 years of service per executive, having 55.07 employees per reported executive. Evaluation of Allete's management performance can provide insight into the firm performance.
Alan Hodnik  Chairman
Chairman, CEO and President and COO of Minnesota Power
Bethany Owen  President
Senior Vice President and Chief Legal and Administrative Officer
  
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Allete Management Team Effectiveness

The company has Return on Asset of 0.0132 % which means that on every $100 spent on assets, it made $0.0132 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.0258 %, implying that it generated $0.0258 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.
Allete holds a total of 58.1 Million outstanding shares. The majority of Allete Inc outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in Allete Inc to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Allete. Please pay attention to any change in the institutional holdings of Allete Inc as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Some institutional investors establish a significant position in stocks such as Allete in order to find ways to drive up its value. Retail investors, on the other hand, need to know that institutional holders can own millions of shares of Allete, and when they decide to sell, the stock will often sell-off, which may instantly impact shareholders' value. So, traders who get in early or near the beginning of the institutional investor's buying cycle could potentially generate profits.

Allete Workforce Comparison

Allete Inc is rated below average in number of employees category among its peers. The total workforce of Utilities industry is presently estimated at about 38,874. Allete holds roughly 1,597 in number of employees claiming about 4% of Utilities industry.
The company has Net Profit Margin of 0.11 %, which implies that it may need a different competitive strategy as even a very small decline in it revenue may erase profits and result in a net loss. This is way below average. In the same way, it shows Net Operating Margin of 0.08 %, which entails that for every 100 dollars of revenue, it generated $0.08 of operating income.

Allete Insider Trading

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Allete insiders, such as employees or executives, is commonly permitted as long as it does not rely on Allete's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases, Allete insiders must file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.

Allete Notable Stakeholders

An Allete stakeholder refers to an individual interested in an outcome of the business. Different stakeholders have different interests, and companies such as Allete often face trade-offs trying to please all of them. Allete's stakeholders can have a positive or negative influence on the entity's direction, and there are a lot of executives involved in getting Allete's stock to the level that pleases all shareholders. Keeping track of the stakeholders is a great way to stay on top of things affecting its ongoing price.
Alan HodnikChairman, CEO and President and COO of Minnesota PowerProfile
Bethany OwenSenior Vice President and Chief Legal and Administrative OfficerProfile
Josh KunkelPresident EquityProfile
Steven MorrisChief Accounting Officer, Vice President and ControllerProfile
Margaret ThickensVice President Chief Legal Officer, Corporate SecretaryProfile
Matthew HankeyPresident OfficerProfile
Patrick CutshallVice President, Corporate TreasurerProfile
Robert AdamsChief Risk Officer and Sr. VP of Energy Centric Bus.esProfile
Barbara NickIndependent DirectorProfile
Amy RutledgeDirector CommunicationsProfile
Robert PowersIndependent DirectorProfile
Douglas NeveIndependent DirectorProfile
Charlene ThomasIndependent DirectorProfile
Susan NestegardLead Independent DirectorProfile
Heidi JimmersonEddinsLead Independent DirectorProfile
James HoolihanIndependent DirectorProfile
Kathryn DindoIndependent DirectorProfile
George GoldfarbIndependent DirectorProfile
Jeffrey ScissonsDirector DevelopmentProfile
Madeleine LudlowIndependent DirectorProfile
Julie PadillaChief VPProfile
Colin CPAChief VPProfile
CPA CFAVP TreasurerProfile
Joshua SkeltonVP PowerProfile
CFA CPAVP TreasurerProfile
Nicole JohnsonChief Administrative Officer, Vice PresidentProfile
Vincent MeyerVice RelationsProfile
Rob SandstromLight WaterProfile
Frank FredericksonVice PowerProfile
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About Allete Management Performance

The success or failure of an entity such as Allete Inc often depends on how effective the management is. Allete management team is responsible for propelling the future growth in the right direction and administering and controlling the business activities and accounting for the results. Ineffective management usually contributes to failure in the company's future performance for all stakeholders equally, but most importantly, for investors. So it is important to measure the effectiveness of Allete management before purchasing its stock. In many ways, it's all about finding the answer to one important question - Are they doing the right thing right now? How would we assess whether the Allete management is utilizing all available resources in the best possible way? Also, how well is the company doing relative to others in its sector and the market as a whole? The answer can be found by analyzing a few important fundamental indicators such as return on assets and return on equity.
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.
Please note, the presentation of Allete's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Allete's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Allete's management manipulating its earnings.

Allete Workforce Analysis

Traditionally, organizations such as Allete use manpower efficiency calculations for various incentive schemes, employee appraisal, or as an initiative to improve the processes. However, it can also be used by investors to make long-term investment decisions. The trends in the profit per employee or revenue per employee are measured by net income or revenue divided by the current number of full-time employees over a given time interval. Because workforce needs differ across sectors, these ratios could be used to compare Allete within its industry.

Allete Manpower Efficiency

Return on Allete Manpower

Revenue Per Employee957.9K
Revenue Per Executive52.8M
Net Income Per Employee76.2K
Net Income Per Executive4.2M
Working Capital Per Employee19.4K
Working Capital Per Executive1.1M
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.

Other Consideration for investing in Allete Stock

If you are still planning to invest in Allete Inc check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Allete's history and understand the potential risks before investing.
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