ALLETE, Inc. (ALE)

NYSE: ALE · Real-Time Price · USD
65.60
0.00 (0.01%)
Aug 8, 2025, 3:55 PM - Market open
0.01%
Market Cap3.81B
Revenue (ttm)1.53B
Net Income (ttm)183.60M
Shares Out 58.04M
EPS (ttm)3.17
PE Ratio20.69
Forward PE16.65
Dividend$2.92 (4.45%)
Ex-Dividend DateAug 15, 2025
Volume717,516
Open65.82
Previous Close65.59
Day's Range65.43 - 65.84
52-Week Range63.00 - 66.46
Beta0.75
Analystsn/a
Price Targetn/a
Earnings DateAug 7, 2025

About ALE

ALLETE, Inc. operates as an energy company. The company operates in two segments, Regulated Operations and ALLETE Clean Energy. It generates electricity from coal-fired, biomass co-fired/natural gas, hydro, wind, and solar. The company also provides regulated utility electric services in northeastern Minnesota to approximately 150,000 retail customers and 14 non-affiliated municipal customers in Minnesota; and regulated utility electric, natural gas, and water services in northwestern Wisconsin to approximately 15,000 electric customers, 13,000... [Read more]

Sector Utilities
Founded 1906
Employees 1,616
Stock Exchange NYSE
Ticker Symbol ALE
Full Company Profile

Financial Performance

In 2024, ALLETE's revenue was $1.53 billion, a decrease of -18.62% compared to the previous year's $1.88 billion. Earnings were $179.30 million, a decrease of -27.44%.

Financial Statements

News

Allete quarterly profit drops on higher operating, interest expense

U.S. utility Allete posted a fall in second-quarter profit on Thursday, weighed down by lower industrial margins along with higher operating and interest expenses.

1 day ago - Reuters

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 ce...

1 day ago - Business Wire

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 t...

14 days ago - Business Wire

ALLETE Announces Agreement with Minnesota Department of Commerce to Deliver Immediate Post-Closing Cost Savings and Substantial Benefits for Customers and Communities

DULUTH, Minn.--(BUSINESS WIRE)--ALLETE, Inc. (NYSE: ALE) (the “Company”) announced that the Company and its transaction partners Canada Pension Plan Investment Board (CPP Investments) and Global Infra...

4 weeks ago - Business Wire

ALLETE to Announce Second Quarter Financial Results August 07

DULUTH, Minn.--(BUSINESS WIRE)--ALLETE Inc. (NYSE:ALE) will announce its financial results for the second quarter before the stock markets open on Thursday, August 07, 2025. ALLETE, Inc. is an energy ...

4 weeks ago - Business Wire

Allete Shares Enter Oversold Territory

In trading on Wednesday, shares of Allete entered into oversold territory, changing hands as low as $63.555 per share. We define oversold territory using the Relative Strength Index, or RSI, which is ...

6 weeks ago - Forbes

ALLETE, Inc. Reports First Quarter 2025 Earnings

DULUTH, Minn.--(BUSINESS WIRE)--ALLETE, Inc. (NYSE: ALE) today reported first quarter 2025 earnings of 97 cents per share on net income of $56.1 million. Last year's first quarter results were 88 cent...

3 months ago - Business Wire

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 comp...

3 months ago - Business Wire

ALLETE recognized for commitment to women in leadership roles

DULUTH, Minn.--(BUSINESS WIRE)--ALLETE, Inc. (NYSE:ALE) has been named an Honor Roll Company of Special Distinction in the 2024 Minnesota Census of Women in Corporate Leadership.

4 months ago - Business Wire

New Energy Equity Announces Leadership Transition: Josh Kunkel to Succeed Matt Hankey as CEO

ANNAPOLIS, Md. , April 9, 2025 /PRNewswire/ -- New Energy Equity, a subsidiary of ALLETE, Inc. (NYSE: ALE), announced today that Josh Kunkel, current president of New Energy Equity, will be promoted t...

4 months ago - PRNewsWire

New Energy Equity's Lift as We Climb Foundation Donates $100,000 to Civic Works to Expand Solar Access in Baltimore

ANNAPOLIS, Md. , March 25, 2025 /PRNewswire/ -- New Energy Equity's Lift as We Climb Foundation has donated $100,000 to Civic Works, a Baltimore-based nonprofit, to support its mission of expanding so...

4 months ago - PRNewsWire

Wisconsin Regulators Approve Proposed ALLETE Transaction With Canada Pension Plan Investment Board and Global Infrastructure Partners

DULUTH, Minn.--(BUSINESS WIRE)--ALLETE, Inc. (NYSE: ALE) announced that the Public Service Commission of Wisconsin (PSCW) today approved the company's proposed transaction with Canada Pension Plan Inv...

5 months ago - Business Wire

ALLETE Names Jeff Scissons Chief Financial Officer

DULUTH, Minn.--(BUSINESS WIRE)--ALLETE, Inc. (NYSE: ALE) announced today that ALLETE Vice President and Corporate Treasurer Jeff Scissons has been promoted to chief financial officer. He succeeds Stev...

5 months ago - Business Wire

New Energy Equity Partners with Harlem Consolidated School District on 5.54 MWdc Community Solar Project

ANNAPOLIS, Md. , March 6, 2025 /PRNewswire/ -- New Energy Equity, a national leader in developing and financing community and commercial solar projects, is pleased to announce a new partnership with t...

5 months ago - PRNewsWire

ALLETE, Inc. Reports 2024 Earnings

DULUTH, Minn.--(BUSINESS WIRE)--ALLETE, Inc. (NYSE: ALE) today reported 2024 earnings of $3.10 per share on net income of $179.3 million and operating revenue of $1.5 billion. Reported results from 20...

6 months ago - Business Wire

Allete, Inc.: 11% Return Beats A Bank For Short-Term Idle Cash

Allete's pending acquisition by CPP Investments and GIP at $67 per share offers a potential 11% annual return, assuming a mid-2025 close. Shareholders can benefit from continued dividends and a fixed ...

6 months ago - Seeking Alpha

23 Upcoming Dividend Increases, Including 2 Kings

Excited to announce dividend hikes for 23 companies, including dividend kings SJW Group and California Water Service Group, with 5% and 7.1% increases. Companies with consistent dividend growth indica...

6 months ago - Seeking Alpha

ALLETE Board of Directors Raises Quarterly Common Stock Dividend

DULUTH, Minn.--(BUSINESS WIRE)--ALLETE, Inc. (NYSE:ALE) today announced that its Board of Directors has increased the quarterly dividend on the company's common stock to $0.73 per share, a 3.5 percent...

6 months ago - Business Wire

ALLETE Senior Vice President & Chief Financial Officer Steven W. Morris to Retire Mid-Year as Part of a Planned Transition

DULUTH, Minn.--(BUSINESS WIRE)--ALLETE announced today that Chief Financial Officer Steven W. Morris will retire later this year.

7 months ago - Business Wire

ALLETE receives FERC approval for proposed transaction with Canada Pension Plan Investment Board and Global Infrastructure Partners

DULUTH, Minn.--(BUSINESS WIRE)--ALLETE, Inc. (NYSE: ALE) announced that the Federal Energy Regulatory Commission (FERC) approved the company's proposed transaction with Canada Pension Plan Investment ...

8 months ago - Business Wire

Puget Sound Energy signs on to largest share of North Plains Connector transmission project

Investment is a major step forward toward enhancing the reliability and resilience of the western energy grid Investment is a major step forward toward enhancing the reliability and resilience of the ...

8 months ago - GlobeNewsWire

ALLETE Clean Energy has fully recontracted Armenia Mountain Wind

DULUTH, Minn.--(BUSINESS WIRE)--ALLETE Clean Energy has fully contracted the output of its Armenia Mountain Wind site for another seven years through agreements with two customers.

9 months ago - Business Wire

ALLETE, Inc. reports third quarter 2024 earnings

DULUTH, Minn.--(BUSINESS WIRE)--ALLETE, Inc. (NYSE: ALE) today reported third quarter 2024 earnings of 78 cents per share on net income of $45.0 million. Last year's third quarter results were $1.49 p...

10 months ago - Business Wire

ALLETE Clean Energy Announces Sale of Wisconsin Wind Site

DULUTH, Minn.--(BUSINESS WIRE)--ALLETE Clean Energy today announced the company has sold the Whitetail wind project in southwestern Wisconsin to Invenergy.

10 months ago - Business Wire

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 70.5 cents per share of common stock. On an annual basis, the dividend is equivalent...

10 months ago - Business Wire