Correlation
The correlation between ALE and MGEE is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
ALE vs. MGEE
Compare and contrast key facts about ALLETE, Inc. (ALE) and MGE Energy, Inc. (MGEE).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ALE or MGEE.
Performance
ALE vs. MGEE - Performance Comparison
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Key characteristics
ALE:
1.50
MGEE:
0.81
ALE:
2.43
MGEE:
1.28
ALE:
1.30
MGEE:
1.16
ALE:
0.61
MGEE:
0.91
ALE:
12.13
MGEE:
1.76
ALE:
0.74%
MGEE:
10.53%
ALE:
5.68%
MGEE:
22.99%
ALE:
-74.12%
MGEE:
-38.18%
ALE:
-5.92%
MGEE:
-15.30%
Fundamentals
ALE:
$3.77B
MGEE:
$3.30B
ALE:
$3.19
MGEE:
$3.54
ALE:
20.39
MGEE:
25.51
ALE:
2.75
MGEE:
0.00
ALE:
2.47
MGEE:
4.80
ALE:
1.31
MGEE:
2.62
ALE:
$1.53B
MGEE:
$704.58M
ALE:
$440.30M
MGEE:
$397.77M
ALE:
$466.70M
MGEE:
$255.55M
Returns By Period
In the year-to-date period, ALE achieves a 2.63% return, which is significantly higher than MGEE's -2.91% return. Over the past 10 years, ALE has underperformed MGEE with an annualized return of 6.70%, while MGEE has yielded a comparatively higher 11.39% annualized return.
ALE
2.63%
0.80%
2.51%
7.66%
6.31%
6.58%
6.70%
MGEE
-2.91%
0.48%
-12.52%
14.93%
6.73%
8.18%
11.39%
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Risk-Adjusted Performance
ALE vs. MGEE — Risk-Adjusted Performance Rank
ALE
MGEE
ALE vs. MGEE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ALLETE, Inc. (ALE) and MGE Energy, Inc. (MGEE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
ALE vs. MGEE - Dividend Comparison
ALE's dividend yield for the trailing twelve months is around 4.41%, more than MGEE's 1.99% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALE ALLETE, Inc. | 4.41% | 4.35% | 4.43% | 4.03% | 3.80% | 3.99% | 2.90% | 2.94% | 2.88% | 3.24% | 3.97% | 3.55% |
MGEE MGE Energy, Inc. | 1.99% | 1.87% | 2.32% | 2.27% | 1.85% | 2.06% | 1.75% | 2.20% | 2.00% | 1.85% | 2.49% | 2.43% |
Drawdowns
ALE vs. MGEE - Drawdown Comparison
The maximum ALE drawdown since its inception was -74.12%, which is greater than MGEE's maximum drawdown of -38.18%. Use the drawdown chart below to compare losses from any high point for ALE and MGEE.
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Volatility
ALE vs. MGEE - Volatility Comparison
The current volatility for ALLETE, Inc. (ALE) is 1.08%, while MGE Energy, Inc. (MGEE) has a volatility of 5.11%. This indicates that ALE experiences smaller price fluctuations and is considered to be less risky than MGEE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Financials
ALE vs. MGEE - Financials Comparison
This section allows you to compare key financial metrics between ALLETE, Inc. and MGE Energy, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
ALE vs. MGEE - Profitability Comparison
ALE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2025, ALLETE, Inc. reported a gross profit of 140.30M and revenue of 400.20M. Therefore, the gross margin over that period was 35.1%.
MGEE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2025, MGE Energy, Inc. reported a gross profit of 218.97M and revenue of 218.97M. Therefore, the gross margin over that period was 100.0%.
ALE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2025, ALLETE, Inc. reported an operating income of 53.00M and revenue of 400.20M, resulting in an operating margin of 13.2%.
MGEE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2025, MGE Energy, Inc. reported an operating income of 52.87M and revenue of 218.97M, resulting in an operating margin of 24.1%.
ALE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2025, ALLETE, Inc. reported a net income of 56.10M and revenue of 400.20M, resulting in a net margin of 14.0%.
MGEE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2025, MGE Energy, Inc. reported a net income of 41.59M and revenue of 218.97M, resulting in a net margin of 19.0%.