Robert Powers - Allete Independent Director
| ALE Stock | USD 65.73 0.12 0.18% |
Director
Mr. Robert P. Powers serves as Director of the Company. Mr. Powers retired in August 2017 as vice chair and senior advisor to the chairman and chief executive officer of American Electric Power Company, one of the largest electric utilities in the United States with more than five million customers in eleven states. Mr. Powers held numerous leadership positions at AEP prior to becoming vice chair in January 2017, including executive vice president and chief operating officer of AEP from 2010 to December 2016 president of AEP utilities from 2008 to 2010 executive vice president of AEP east utilities from 2006 to 2008 and executive vice president of generation from 2003 to 2006. Mr. Powers also spent 16 years with Pacific Gas and Electric Company, rising to site vice president and plant manager at the Diablo Canyon Nuclear Generating Station, and six years with the Tennessee Valley Authority as a health physicist. Mr. Powers is a longtime, active member of EEI and the former chair of the Center for Energy Workforce Development, an organization focused on recruiting technical talent to utilities. He also serves on the board of the James Foundation of Ohio State University James Cancer Hospital. since 2017.
| Age | 67 |
| Tenure | 8 years |
| Address | 30 West Superior Street, Duluth, MN, United States, 55802-2093 |
| Phone | 218 279 5000 |
| Web | https://www.allete.com |
Robert Powers Latest Insider Activity
Tracking and analyzing the buying and selling activities of Robert Powers against Allete stock is an integral part of due diligence when investing in Allete. Robert Powers insider activity provides valuable insight into whether Allete is net buyers or sellers over its current business cycle. Note, Allete insiders must abide by specific rules, including filing SEC forms every time they buy or sell Allete'sshares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.
Robert Powers over a week ago Disposition of 10889 shares by Robert Powers of Ocean Power subject to Rule 16b-3 | ||
Robert Powers over a month ago Acquisition by Robert Powers of 26170 shares of Ocean Power subject to Rule 16b-3 |
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. The current year's Return On Equity is expected to grow to 0.10, whereas Return On Tangible Assets are forecasted to decline to 0.04. At present, Allete's Non Current Assets Total are projected to increase significantly based on the last few years of reporting. The current year's Non Currrent Assets Other is expected to grow to about 802.7 M, whereas Total Current Assets are forecasted to decline to about 316.6 M.Similar Executives
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Management Performance
| Return On Equity | 0.0355 | ||||
| Return On Asset | 0.0169 |
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.
| Return On Equity | 0.0355 | ||||
| Return On Asset | 0.0169 | ||||
| Profit Margin | 0.12 % | ||||
| Operating Margin | 0.12 % | ||||
| Current Valuation | 5.5 B | ||||
| Shares Outstanding | 57.82 M | ||||
| Shares Owned By Insiders | 0.27 % | ||||
| Shares Owned By Institutions | 74.97 % | ||||
| Number Of Shares Shorted | 1.07 M | ||||
| Price To Earning | 19.79 X |
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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 | 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.