Buy Allete
Amount
Latest price
$65.465
(£1.00 = $1.327)
Number of shares (est.)
0
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Metrics
Market Cap
$3.796B
P/E ratio
21.11
EPS
$3.102
Beta
0.80
Dividend rate
$2.82
Dividend yield
4.31%
About
ALLETE, Inc. is a clean-energy transformation company that owns, operates and develops wind energy generation to reduce its carbon footprint. The Company’s segments include Regulated Operations and ALLETE Clean Energy. Regulated Operations include regulated utilities, Minnesota Power, and SWL&P, as well as investment in ATC, a Wisconsin-based regulated utility that owns and maintains electric transmission assets in portions of Wisconsin, Michigan, Minnesota, and Illinois. Minnesota Power provides regulated utility electric service in northeastern Minnesota to approximately 150,000 retail customers. The ALLETE Clean Energy segment is focused on developing, acquiring, and operating clean and renewable energy projects. The segment owns and operates 1,600 megawatts of wind energy generation in five energy markets and eight states across the United States. The Company is also engaged in the development of wind energy facilities to operate under long-term Power Sales Agreement (PSAs).
CEO
Ms. Bethany M. Owen
Employees
1,564
Sector
Utilities
Company HQ
DULUTH, United States of America
Website
News
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 June 1 to common stock shareholders of record at the close of business May 15, 2025. ALLETE, Inc. is an energy company headquartered in Duluth, Minnesota. In addition to its electric utilities, Minneso.
ALLETE to Announce First Quarter Financial Results May 08
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 08, 2025. ALLETE, Inc. is an energy company headquartered in Duluth, Minnesota. In addition to its electric utilities, Minnesota Power and Superior Water, Light and Power of Wisconsin, ALLETE owns ALLETE Clean Energy, based in Duluth; BNI Energy in Bismarck, N.D.; and New Energy Equity, headquartered in Annapolis, Maryland; and has an 8%.
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