Steven Morris - Allete President
| ALE Stock | USD 65.67 0.14 0.21% |
President
Mr. Steven W. Morris is the Chief Accounting Officer, Vice President and Controller of the Company. Mr. Morris joined the Company in 2001 as Manager of Financial Reporting and Budgeting for Minnesota Power. In 2005, he was appointed Director of Internal Audit for ALLETE and in 2010 was appointed the Director of Accounting. since 2022.
| Age | 63 |
| Tenure | 3 years |
| Phone | 218 279 5000 |
| Web | https://www.allete.com |
Steven Morris Latest Insider Activity
Tracking and analyzing the buying and selling activities of Steven Morris against Allete stock is an integral part of due diligence when investing in Allete. Steven Morris 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.
Steven Morris over a week ago Disposition of 972 shares by Steven Morris of Allete at 65.64 subject to Rule 16b-3 |
Allete Management Efficiency
The company has Return on Asset of 0.0162 % which means that on every $100 spent on assets, it made $0.0162 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.0358 %, implying that it generated $0.0358 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.Similar Executives
| Showing other executives | PRESIDENT Age | ||
| Julian Nebreda | The AES | 52 | |
| John Abbott | Otter Tail | 66 | |
| Bobbi Schroeppel | NorthWestern | 56 | |
| Thomas Raga | The AES | N/A | |
| Bryan Cox | Avista | 54 | |
| Gustavo Pimenta | The AES | 41 | |
| Erik Keller | Black Hills | 60 | |
| Ryan Krasselt | Avista | 55 | |
| Sherry Kohan | The AES | 55 | |
| Kimberly Nooney | Black Hills | 53 | |
| Dennis Vermillion | Avista | 63 | |
| Letitia Mendoza | The AES | 49 | |
| Brian Bird | NorthWestern | 65 | |
| Brian Iverson | Black Hills | 61 | |
| Kevin Christie | Avista | 57 | |
| John Hines | NorthWestern | 60 | |
| Chole Berry | Brookfield Infrastructure Partn | 41 | |
| Alec Mesdag | Avista | 45 | |
| Gregory Hesler | Avista | 46 | |
| Justin Eisfeller | UNITIL | 58 | |
| Robert CFA | UNITIL | 64 | |
Management Performance
| Return On Equity | 0.0358 | ||||
| Return On Asset | 0.0162 |
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 | 0.0358 | ||||
| Return On Asset | 0.0162 | ||||
| Profit Margin | 0.12 % | ||||
| Operating Margin | 0.1 % | ||||
| Current Valuation | 5.57 B | ||||
| Shares Outstanding | 57.9 M | ||||
| Shares Owned By Insiders | 0.29 % | ||||
| Shares Owned By Institutions | 74.07 % | ||||
| Number Of Shares Shorted | 854.8 K | ||||
| Price To Earning | 19.79 X |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Allete Inc is a strong investment it is important to analyze Allete's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Allete's future performance. For an informed investment choice regarding Allete Stock, refer to the following important reports: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 closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
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.
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.