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ALLETE (ALE) Stock

Profile

Sector:

Utilities

Industry:

Diversified

Country:

United States

IPO:

03 May 1973

Indexes:

Not included

Description:

ALLETE, Inc. is an energy company that supplies energy to the states of Minnesota and Wisconsin, as well as invests in infrastructure and other energy-related enterprises. The company was founded in 1906, and its headquarters are located in Duluth, Minnesota. ALLETE is primarily a regulated utility company through Minnesota Power, SWL&P, and investments in ATC. ALLETE's strategy is to remain primarily a regulated utility company, as well as invest in ALLETE Clean Energy and other enterprises to complement the regulated business, balance the impact on industrial utility customers, and provide potential long-term profit growth.

Key Details

Price

$64.88

TTM Dividend Yield

4.35%(-11.04% YoY)

Annual Revenue

$1.88 B(+19.68% YoY)

Annual EPS

$4.30(+27.22% YoY)

PE Ratio

20.79(+61.66% YoY)

Beta

0.23

Events Calendar

Earnings

Next earnings date:

Feb 20, 2025

Recent quarterly earnings:

Oct 30, 2024

Recent annual earnings:

Feb 20, 2024
Dividend

Next ex-dividend date:

N/A

Recent ex-dividend date:

Nov 15, 2024
Splits

Next split:

N/A

Recent split:

Sept 21, 2004

Analyst ratings

Recent major analysts updates

16 May '24 Mizuho
Neutral
21 Feb '24 Wells Fargo
Equal-Weight
22 Jan '24 Guggenheim
Neutral
10 Jan '24 Sidoti & Co.
Neutral
21 July '23 Mizuho
Neutral
07 July '23 Guggenheim
Sell
27 June '23 B of A Securities
Underperform
05 May '23 B of A Securities
Neutral
06 Apr '23 Sidoti & Co.
Buy
30 Jan '23 Wells Fargo
Equal-Weight

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Institutional Ownership

ALLETE Clean Energy has fully recontracted Armenia Mountain Wind
ALLETE Clean Energy has fully recontracted Armenia Mountain Wind
ALLETE Clean Energy has fully recontracted Armenia Mountain Wind
ALE
businesswire.com19 November 2024

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.

ALLETE Board of Directors declares dividend on common stock
ALLETE Board of Directors declares dividend on common stock
ALLETE Board of Directors declares dividend on common stock
ALE
businesswire.com25 October 2024

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 to $2.82 per share, unchanged from the previous quarter. The regular quarterly dividend is payable December 1 to common stock shareholders of record at the close of business November 15, 2024. ALLETE, Inc. is an energy company headquartered in Duluth, Minnesota. In addition to its electric utiliti.

New Energy Equity completes development of 14 Public Storage projects in Minnesota
New Energy Equity completes development of 14 Public Storage projects in Minnesota
New Energy Equity completes development of 14 Public Storage projects in Minnesota
ALE
prnewswire.com17 October 2024

ROSEVILLE, M.N., Oct. 17, 2024 /PRNewswire/ -- New Energy Equity, national developer and financier of community and commercial solar projects, announces the successful completion of 14 Public Storage solar projects across Minnesota.

ALE INVESTIGATION: The M&A Class Action Firm Continues to Investigate the Merger and August 21, 2024 Shareholder Vote of ALLETE, Inc.
ALE INVESTIGATION: The M&A Class Action Firm Continues to Investigate the Merger and August 21, 2024 Shareholder Vote of ALLETE, Inc.
ALE INVESTIGATION: The M&A Class Action Firm Continues to Investigate the Merger and August 21, 2024 Shareholder Vote of ALLETE, Inc.
ALE
globenewswire.com27 July 2024

NEW YORK, July 27, 2024 (GLOBE NEWSWIRE) -- NEW YORK, July 27, 2024 / GobeNewswire/-- Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and is investigating ALLETE, Inc. (NYSE: ALE ) , relating to its proposed merger with a partnership led by Canada Pension Plan Investment Board and Global Infrastructure Partners. Under the terms of the agreement, ALLETE stockholders will receive $67.00 per share in cash for each share of common stock owned as of the closing of the transaction.

URGENT UPDATE: The M&A Class Action Firm Investigates Merger and Looming Vote on August 21, 2024, of ALLETE, Inc. - ALE
URGENT UPDATE: The M&A Class Action Firm Investigates Merger and Looming Vote on August 21, 2024, of ALLETE, Inc. - ALE
URGENT UPDATE: The M&A Class Action Firm Investigates Merger and Looming Vote on August 21, 2024, of ALLETE, Inc. - ALE
ALE
prnewswire.com23 July 2024

NEW YORK , July 23, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and is investigating ALLETE, Inc. (NYSE: ALE) , relating to its proposed merger with a partnership led by Canada Pension Plan Investment Board and Global Infrastructure Partners.

URGENT UPDATE: The M&A Class Action Firm Investigates Merger and Looming Vote on August 21, 2024, of ALLETE, Inc. - ALE
URGENT UPDATE: The M&A Class Action Firm Investigates Merger and Looming Vote on August 21, 2024, of ALLETE, Inc. - ALE
URGENT UPDATE: The M&A Class Action Firm Investigates Merger and Looming Vote on August 21, 2024, of ALLETE, Inc. - ALE
ALE
globenewswire.com20 July 2024

NEW YORK, July 20, 2024 (GLOBE NEWSWIRE) -- Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and is investigating ALLETE, Inc. (NYSE: ALE ) , relating to its proposed merger with a partnership led by Canada Pension Plan Investment Board and Global Infrastructure Partners. Under the terms of the agreement, ALLETE stockholders will receive $67.00 per share in cash for each share of common stock owned as of the closing of the transaction.

STOCKHOLDER ALERT: The M&A Class Action Firm Investigates Merger of ALLETE, Inc. - ALE
STOCKHOLDER ALERT: The M&A Class Action Firm Investigates Merger of ALLETE, Inc. - ALE
STOCKHOLDER ALERT: The M&A Class Action Firm Investigates Merger of ALLETE, Inc. - ALE
ALE
globenewswire.com26 June 2024

NEW YORK, June 26, 2024 (GLOBE NEWSWIRE) -- Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and is investigating ALLETE, Inc. (NYSE: ALE ) , relating to its proposed merger with a partnership led by Canada Pension Plan Investment Board and Global Infrastructure Partners. Under the terms of the agreement, ALLETE stockholders will receive $67.00 per share in cash for each share of common stock owned as of the closing of the transaction.

STOCKHOLDER ALERT: The M&A Class Action Firm Investigates Merger of ALLETE, Inc. - ALE
STOCKHOLDER ALERT: The M&A Class Action Firm Investigates Merger of ALLETE, Inc. - ALE
STOCKHOLDER ALERT: The M&A Class Action Firm Investigates Merger of ALLETE, Inc. - ALE
ALE
prnewswire.com24 June 2024

NEW YORK , June 24, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and is investigating ALLETE, Inc. (NYSE: ALE) , relating to its proposed merger with a partnership led by Canada Pension Plan Investment Board and Global Infrastructure Partners.

PGE joins Grid United and ALLETE in 3,000 megawatt east-west transmission line
PGE joins Grid United and ALLETE in 3,000 megawatt east-west transmission line
PGE joins Grid United and ALLETE in 3,000 megawatt east-west transmission line
ALE
prnewswire.com28 May 2024

The North Plains Connector transmission line will more than double the transfer capacity between the eastern and western U.S. electric grids, providing PGE access to new, diverse resources and bolstering reliability for customers. PORTLAND, Ore.

New Strong Sell Stocks for April 17th
New Strong Sell Stocks for April 17th
New Strong Sell Stocks for April 17th
ALE
Zacks Investment Research17 April 2024

ASO, ALE, and AMR were included in the Zacks Rank #5 (Strong Sell) List on April 17, 2023.

FAQ

  • What is the primary business of ALLETE?
  • What is the ticker symbol for ALLETE?
  • Does ALLETE pay dividends?
  • What sector is ALLETE in?
  • What industry is ALLETE in?
  • What country is ALLETE based in?
  • When did ALLETE go public?
  • Is ALLETE in the S&P 500?
  • Is ALLETE in the NASDAQ 100?
  • Is ALLETE in the Dow Jones?
  • When was ALLETE's last earnings report?
  • When does ALLETE report earnings?
  • Should I buy ALLETE stock now?

What is the primary business of ALLETE?

ALLETE, Inc. is an energy company that supplies energy to the states of Minnesota and Wisconsin, as well as invests in infrastructure and other energy-related enterprises. The company was founded in 1906, and its headquarters are located in Duluth, Minnesota. ALLETE is primarily a regulated utility company through Minnesota Power, SWL&P, and investments in ATC. ALLETE's strategy is to remain primarily a regulated utility company, as well as invest in ALLETE Clean Energy and other enterprises to complement the regulated business, balance the impact on industrial utility customers, and provide potential long-term profit growth.

What is the ticker symbol for ALLETE?

The ticker symbol for ALLETE is NYSE:ALE

Does ALLETE pay dividends?

Yes, ALLETE pays dividends. The last payment was $0.70, with an ex-dividend date on 15 November 2024

What sector is ALLETE in?

ALLETE is in the Utilities sector

What industry is ALLETE in?

ALLETE is in the Diversified industry

What country is ALLETE based in?

ALLETE is headquartered in United States

When did ALLETE go public?

ALLETE's initial public offering (IPO) was on 03 May 1973

Is ALLETE in the S&P 500?

No, ALLETE is not included in the S&P 500 index

Is ALLETE in the NASDAQ 100?

No, ALLETE is not included in the NASDAQ 100 index

Is ALLETE in the Dow Jones?

No, ALLETE is not included in the Dow Jones index

When was ALLETE's last earnings report?

ALLETE's most recent earnings report was on 30 October 2024

When does ALLETE report earnings?

The next expected earnings date for ALLETE is 20 February 2025

Should I buy ALLETE stock now?

As of today, analysts generally recommend a 'Buy' rating. However, it's important to do your own research and consider your financial situation before making any investment decisions