Buy Allete
Amount
Latest price
$64.62
(£1.00 = $1.348)
Number of shares (est.)
0
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Metrics
Market Cap
$3.743B
P/E ratio
20.36
EPS
$3.169
Beta
0.82
Dividend rate
$2.87
Dividend yield
4.45%
About
ALLETE, Inc. is an energy company. The Company's segments include Regulated Operations, ALLETE Clean Energy, New Energy and Corporate and Other. The Regulated Operations segment includes its regulated utilities, Minnesota Power and Superior Water, Light and Power Company, as well as its investment in American Transmission Company LLC, a Wisconsin-based regulated utility that owns and maintains electric transmission assets in portions of Wisconsin, Michigan, Minnesota and Illinois. The ALLETE Clean Energy segment is focused on developing, acquiring, and operating clean and renewable energy projects. The New Energy segment is a renewable energy company with a primary focus on developing solar and energy storage facilities for external sale and internal ownership while also offering comprehensive operations, maintenance and asset management services. The Corporate and Other segment is comprised of its investment in Nobles 2, South Shore Energy, BNI Energy, ALLETE Properties and others.
CEO
Ms. Bethany M. Owen
Employees
1,564
Sector
Utilities
Company HQ
DULUTH, United States of America
Website
News
ALLETE, Inc. Reports Second Quarter 2025 Earnings
DULUTH, Minn.--(BUSINESS WIRE)--ALLETE, Inc. (NYSE: ALE) today reported second quarter 2025 earnings of 55 cents per share on net income of $31.9 million. Last year's second quarter results were 57 cents per share on net income of $33.0 million. Net income in the second quarter of 2025 includes transaction expenses of $3.4 million after-tax, or 6 cents per share, related to the announced merger. Net income in the second quarter of 2024 included transaction expenses of $14.5 million after-tax, o.
ALLETE Board of Directors Declares Dividend on Common Stock
DULUTH, Minn.--(BUSINESS WIRE)--The ALLETE, Inc. (NYSE:ALE) board of directors has declared a quarterly dividend of 73 cents per share of common stock. On an annual basis, the dividend is equivalent to $2.92 per share, unchanged from the previous quarter. The regular quarterly dividend is payable September 1 to common stock shareholders of record at the close of business August 15, 2025. ALLETE, Inc. is an energy company headquartered in Duluth, Minnesota. In addition to its electric utilities,.
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