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ALLETE Inc

ALE.N

Latest Trade

87.03USD

Change

0.75(+0.87%)

Volume

72,956

Today's Range

85.97

 - 

87.20

52 Week Range

72.44

 - 

88.60

As of on the New York Stock Exchange ∙ Minimum 15 minute delay

Pricing

Previous Close
86.28
Open
85.99
Volume
72,956
3M AVG Volume
4.41
Today's High
87.20
Today's Low
85.97
52 Week High
88.60
52 Week Low
72.44
Shares Out (MIL)
51.70
Market Cap (MIL)
4,456.84
Forward P/E
24.36
Dividend (Yield %)
2.72

Next Event

Q3 2019 ALLETE Inc Earnings Release

Latest Developments

More

Allete Inc Reports Second Quarter 2019 Earnings Growth And Narrows Earnings Guidance Range

Allete Inc Files For Potential Mixed Shelf Offering, Size Not Disclosed

Apex Clean Energy Announces Sale Of Diamond Spring Wind Including Power Purchase Agreements With Fortune 500 Corporations

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About ALLETE Inc

ALLETE, Inc. is an energy company. The Company's segments include Regulated Operations, ALLETE Clean Energy, Inc. (ALLETE Clean Energy), U.S. Water Services Holding Company (U.S. Water Services), and Corporate and Other. The Regulated Operations segment includes its regulated utilities, Minnesota Power, and Superior Water, Light and Power Company, and its investment in American Transmission Company LLC. The ALLETE Clean Energy segment focuses on developing, acquiring and operating clean and renewable energy projects. The U.S. Water Services provides integrated water management for industry by combining chemical, equipment, engineering and service for customized solution. As of December 31, 2016, its Corporate and Other consisted of BNI Energy, Inc. (BNI Energy), its coal mining operations in North Dakota, ALLETE Properties, LLC (ALLETE Properties), its Florida real estate investment and approximately 5,000 acres of land in Minnesota.

Industry

Electric Utilities

Contact Info

30 W SUPERIOR ST

+1.218.7222641

http://www.allete.com/

Executive Leadership

Alan R. Hodnik

Chairman of the Board, Chief Executive Officer

Bethany M. Owen

President, Director

Robert John Adams

Chief Financial Officer, Senior Vice President

Patrick K. Mullen

Senior Vice President - External Affairs

Steven W. Morris

Chief Accounting Officer, Vice President and Controller

Key Stats

3.00 mean rating - 6 analysts
Sell
Hold
Buy
Revenue (MM, USD)

2016

1.3K

2017

1.4K

2018

1.5K

2019(E)

1.3K
EPS (USD)

2016

3.130

2017

3.190

2018

3.340

2019(E)

3.542
Price To Earnings (TTM)
21.13
Price To Sales (TTM)
3.08
Price To Book (MRQ)
2.02
Price To Cash Flow (TTM)
10.59
Total Debt To Equity (MRQ)
69.55
LT Debt To Equity (MRQ)
68.29
Return on Investment (TTM)
4.37
Return on Equity (TTM)
4.09

Latest News

Latest News

BRIEF-Allete Inc Qtrly Earnings Per Share $0.99

* FOR THREE MONTHS ENDED MARCH 31, TOTAL OPERATING REVENUE WAS $358.2 MILLION VERSUS $365.6 MILLION - SEC FILING

BRIEF-ALLETE Clean Energy To Build Montana Wind Energy Facility To Supply Electricity To Northwestern Energy Under Power Sale Agreement

* ALLETE CLEAN ENERGY TO BUILD MONTANA WIND ENERGY FACILITY TO SUPPLY ELECTRICITY TO NORTHWESTERN ENERGY UNDER POWER SALE AGREEMENT

BRIEF-Allete Clean Energy To Sell Phase II Of Thunder Spirit Wind Farm To Montana-Dakota Utilities

* PRESS RELEASE - ALLETE CLEAN ENERGY TO SELL PHASE II OF THUNDER SPIRIT WIND FARM TO MONTANA-DAKOTA UTILITIES

BRIEF-Allete Reports Qtrly Earnings Per Share $0.81

* ALLETE, INC. REPORTS 2017 EARNINGS OF $3.38 PER SHARE; INITIATES 2018 EARNINGS GUIDANCE; EXPECTS SIGNIFICANT GROWTH FROM NON-REGULATED BUSINESSES

BRIEF-Allete Board Raises Quarterly Common Stock Dividend And Long-Term Growth Outlook

* ALLETE BOARD OF DIRECTORS RAISES QUARTERLY COMMON STOCK DIVIDEND AND LONG-TERM GROWTH OUTLOOK

BRIEF-Allete Clean Energy Buys Safe Harbor Wind Turbines From GE

* ALLETE CLEAN ENERGY ADVANCES ITS GROWTH STRATEGY WITH PURCHASE OF SAFE HARBOR WIND TURBINES FROM GE

BRIEF-Susan Nestegard Named To Allete Inc Board Of Directors

* ALLETE INC - SUSAN NESTEGARD'S APPOINTMENT BRINGS BOARD TO 12 MEMBERS Source text for Eikon: Further company coverage:

BRIEF-Allete Inc reports Q3 earnings per share of $0.88

* Allete Inc reports third quarter results; reaffirms 2017 earnings guidance

BRIEF-Allete board declares quarterly dividend of 53.5 cents per share

* Allete board of directors declares dividend on common stock

BRIEF-Allete subsidiary U.S. Water acquires Tonka Water

* Allete subsidiary U.S. Water acquires Tonka Water, a minnesota-based supplier of water treatment systems Source text for Eikon: Further company coverage:

BRIEF-Allete Q2 earnings per share $0.72

* Q2 earnings per share view $0.55 -- Thomson Reuters I/B/E/S

BRIEF-Allete declared a quarterly dividend of 53.5 cents

* Board of directors has declared a quarterly dividend of 53.5 cents Source text for Eikon: Further company coverage:

BRIEF-Nobles 2 Power Partners signs power purchase agreement with Minnesota Power

* Signed power purchase agreement with Minnesota Power to deliver 250 MW of renewable power from wind project in Southwest Minnesota

BRIEF-Minnesota Power to request addition of 250 megawatts of wind power capacity

* In an upcoming filing with Minnesota Public Utilities Commission, co will request addition of 250 megawatts of wind power capacity Source text for Eikon: Further company coverage:

BRIEF-Allete Q1 earnings per share $0.97

* Q1 earnings per share view $0.94 -- Thomson Reuters I/B/E/S Source text for Eikon: Further company coverage:

BRIEF-Bob Adams to assume position of Allete CFO

* Bob Adams to assume position of Allete chief financial officer

BRIEF-ALLETE reports 2016 earnings of $3.14 per share

* Qtrly operating revenue $341.5 million versus $380.6 million

BRIEF-ALLETE board of directors raises quarterly common stock dividend

* ALLETE board of directors raises quarterly common stock dividend

Exclusive - Rio power company Light's finances deteriorate: regulator

The financial situation of Light SA <LIGT3.SA>, the company providing power distribution services for the Rio de Janeiro area, is quickly deteriorating and raises the risk of a default on its debts, according to a report from electricity watchdog Aneel seen by Reuters.

BRIEF-U.S. Water acquires Water & Energy Systems Technology

* U.S. Water - announced acquisition of Water & Energy Systems Technology Inc

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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