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ALE - ALLETE, Inc.

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ALLETE, Inc.

ALE

NYSE

ALLETE, Inc. operates as an energy company. The company operates through Regulated Operations, ALLETE Clean Energy, and Corporate and Other segments. It generates electricity from coal-fired, biomass co-fired / natural gas, hydroelectric, wind, and solar. The company provides regulated utility electric services in northwestern Wisconsin to approximately 15,000 electric customers, 13,000 natural gas customers, and 10,000 water customers, as well as regulated utility electric services in northeastern Minnesota to approximately 145,000 retail customers and 15 non-affiliated municipal customers. It also owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illinois. In addition, the company focuses on developing, acquiring, and operating clean and renewable energy projects; and owns and operates approximately 1,000 megawatts of wind energy generation facility. Further, it is involved in the coal mining operations in North Dakota; and real estate investment activities in Florida. The company owns and operates 158 substations with a total capacity of 10,066 megavolt amperes. It serves taconite mining, paper, pulp and secondary wood products, pipeline, and other industries. The company was formerly known as Minnesota Power, Inc. and changed its name to ALLETE, Inc. in May 2001. ALLETE, Inc. was incorporated in 1906 and is headquartered in Duluth, Minnesota.

65.45 USD

-0.04 (-0.06112%)

Historical Prices

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About

ceo

Ms. Bethany M. Owen

sector

Utilities

industry

Diversified Utilities

exchange

NYSE

Description

ALLETE, Inc. operates as an energy company. The company operates through Regulated Operations, ALLETE Clean Energy, and Corporate and Other segments. It generates electricity from coal-fired, biomass co-fired / natural gas, hydroelectric, wind, and solar. The company provides regulated utility electric services in northwestern Wisconsin to approximately 15,000 electric customers, 13,000 natural gas customers, and 10,000 water customers, as well as regulated utility electric services in northeastern Minnesota to approximately 145,000 retail customers and 15 non-affiliated municipal customers. It also owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illino...

CIK

0000066756

ISIN

US0185223007

CUSIP

018522300

Address

30 West Superior Street

Phone

218 279 5000

Country

US

Employee

1,595

IPO Date

May 3, 1973

Financial Statement

Earnings

ALE Financial Summary

CIK

0000066756

Exchange

NYSE

Industry

Diversified Utilitie...

Sector

Utilities

CUSIP

018522300

ISIN

US0185223007

Country

US

Price

65.45

Beta

0.8

Volume Avg.

347.44k

Market Cap

3.79B

Shares

-

52-Week

61.51-65.99

DCF

-32.95

ROE

-

ROA

-

Operating Margin

-

Debt/Equity

-

P/E

21.11

P/B

-

Website

https://www.allete.com

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Latest ALE News

Rayan Ahmad

Feb 13, 2025

ALLETE, Inc. (NYSE: ALE) Financial Performance Overview

ALLETE, Inc. (NYSE: ALE) is a diversified energy company based in Duluth, Minnesota. It operates in the energy sector, providing electricity and energy services primarily in the upper Midwest. The company is involved in regulated utilities, renewable energy, and infrastructure development. ALE competes with other energy providers in the region, focusing on sustainable and reliable energy solutions. On February 13, 2025, ALE reported earnings per share (EPS) of $0.87, missing the estimated $1.02...

Davit Kirakosyan

Nov 11, 2024

UBS Downgrades Vale Amid Concerns Over Iron Ore Outlook

UBS analysts lowered their rating on Vale S.A. (NYSE:VALE) from Buy to Neutral and reduced the stock’s price target from $14.00 to $11.50. Despite Vale’s notable advancements this year in areas like operational improvements, resolving the Samarco litigation in Brazil, and appointing a new CEO, UBS sees both challenges and uncertainties in the company’s future. Vale achieved significant milestones in 2024, with positive developments expected to continue in areas such as government relations, a ne...

Alex Lavoie

Oct 31, 2024

ALLETE, Inc. (NYSE: ALE) Q3 Earnings Report Analysis

ALLETE, Inc. (NYSE: ALE) is a diversified energy company based in Duluth, Minnesota. It operates in the energy sector, providing electricity and energy services across the United States. The company is involved in regulated utilities, renewable energy, and infrastructure development. ALE competes with other energy companies like Xcel Energy and NextEra Energy. On October 30, 2024, ALE reported its third-quarter earnings before the market opened. The company achieved an earnings per share (EPS) ...

Zacks Investment Research

May 14, 2024

New Strong Sell Stocks for May 14th

AAGIY, ALE and ALNT have been added to the Zacks Rank #5 (Strong Sell) List on May 14, 2024.

Zacks Investment Research

May 7, 2024

New Strong Sell Stocks for May 7th

ALE, ASGN and BRSP have been added to the Zacks Rank #5 (Strong Sell) List on May 7, 2024.

Zacks Investment Research

Apr 17, 2024

New Strong Sell Stocks for April 17th

ASO, ALE and AMR have been added to the Zacks Rank #5 (Strong Sell) List on April 17, 2023.

Business Wire

Apr 12, 2024

ALLETE to Announce First Quarter Financial Results May 9

DULUTH, Minn.--(BUSINESS WIRE)--ALLETE Inc. (NYSE:ALE) will announce its financial results for the first quarter before the stock markets open on Thursday, May 9, 2024. Following the release, ALLETE Chair, President and Chief Executive Officer Bethany M. Owen, and Senior Vice President and Chief Financial Officer Steven W. Morris will present an overview of results and discuss other factors related to performance during a conference call beginning at 10 a.m. Eastern time. Interested parties may.

Zacks Investment Research

Feb 20, 2024

Allete (ALE) Misses Q4 Earnings and Revenue Estimates

Allete (ALE) came out with quarterly earnings of $0.89 per share, missing the Zacks Consensus Estimate of $0.93 per share. This compares to earnings of $0.90 per share a year ago.

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