ALLETE logo

ALLETENYSE: ALE

Profile

Sector:

Utilities

Industry:

Diversified

Country:

United States

IPO:

03 May 1973

Next earnings report:

20 February 2025

Last dividends:

15 November 2024

Next dividends:

N/A
$3.73 B
-2%vs. 3y high
45%vs. sector
-7%vs. 3y high
56%vs. sector
-13%vs. 3y high
29%vs. sector
-8%vs. 3y high
52%vs. sector

Price

after hours | Mon, 18 Nov 2024 23:15:18 GMT
$64.45+$0.09(+0.14%)
$407.20 M$414.00 M
$407.20 M$45.00 M

Analysts recommendations

Institutional Ownership

ALE Latest News

ALLETE Clean Energy has fully recontracted Armenia Mountain Wind
businesswire.com19 November 2024 Sentiment: -

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
businesswire.com25 October 2024 Sentiment: POSITIVE

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
prnewswire.com17 October 2024 Sentiment: POSITIVE

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.
globenewswire.com27 July 2024 Sentiment: NEUTRAL

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
prnewswire.com23 July 2024 Sentiment: NEUTRAL

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
globenewswire.com20 July 2024 Sentiment: POSITIVE

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
globenewswire.com26 June 2024 Sentiment: NEGATIVE

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
prnewswire.com24 June 2024 Sentiment: NEGATIVE

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
prnewswire.com28 May 2024 Sentiment: POSITIVE

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
Zacks Investment Research17 April 2024 Sentiment: NEGATIVE

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

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What type of business is 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 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 from?

ALLETE is headquartered in United States

When did ALLETE go public?

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

What is ALLETE website?

https://www.allete.com

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 the previous earnings report?

No data

When does ALLETE earnings report?

The next expected earnings date for ALLETE is 20 February 2025