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ALLETE, Inc.

ALE US

ALE USALLETE, Inc.

United States Composite

60.34

USD

+1.12

(+1.89%)

4.30EPS Dil.

14.00P/E

3.47BMarket Cap

4.50%Div. Yield

Next Earnings

May 1

Ex-Dividend Date

February 14

Dividend Date

March 1

Held by Insiders

0.41%

Held by Institutions

78.87%

Short % of Float

2.12%

YTD Yield

-5.20%

3Y Yield

-16.12%

5Y Yield

-26.50%

Capital Structure

FRC

•

in mil. unless spec.

Jun'23

Sep'23

Dec'23

ST Debt

110

114

111

LT Borrowings

1,686

1,680

LT Finance Leases

- -

Preferred Equity and Hybrid Capital

- -

Shares Outstanding

Market Capitalization

3,327

3,035

3,520

Working Capital

FRC

•

in mil. unless spec.

Jun'23

Sep'23

Dec'23

Total Current Assets

446

503

468

Cash, Cash Equivalents & STI

126

Accounts Receivable, Net

123

120

107

Inventories

194

180

175

Total Current Liabilities

380

414

378

Payables & Accruals

161

192

174

ST Debt

110

114

111

Deferred Revenue

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years

5 years

1 year

Sales/Revenue/Turnover

7.28%

5.75%

19.67%

Net Income, GAAP

9.40%

8.02%

30.69%

Free Cash Flow

3,062.12%

6,166.86%

31,300.00%

Total Cash Common Dividend

7.67%

6.32%

6.85%

Total Equity

9.93%

9.77%

1.76%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

2021

339

336

345

399

1,419

2022

384

373

388

426

1,571

2023

565

533

379

403

1,880

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

2021

0.99

0.53

1.17

3.23

2022

1.24

0.67

0.59

0.91

3.39

2023

1.02

0.90

1.50

0.90

4.31

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

2021

0.63

2.52

2022

0.65

0.66

0.65

2.61

2023

0.68

2.71

Company Description

CEO: Ms. Bethany M. Owen, Mr. Matthew Hankey
Full Time Employees: 1,513
Sector: Utilities
Industry: Utilities—Diversified
Address: 30 West Superior Street Duluth MN United States 55802-2093
IPO Date: May 3, 1973
Website: www.allete.com
Business: ALLETE, Inc. operates as an energy company. The company operates through Regulated Operations, ALLETE Clean Energy, and Corporate and Other segments. It generates electricity from coal-fired, biomass co-fired / natural gas, hydroelectric, wind, and solar. In addition, the company provides regulated utility electric services in northwestern Wisconsin to approximately 15,000 electric customers, 13,000 natural gas customers, and 10,000 water customers, as well as regulated utility electric services in northeastern Minnesota to approximately 150,000 retail customers and 14 non-affiliated municipal customers. Further, it owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illinois. Additionally, the company focuses on developing, acquiring, and operating clean and renewable energy projects; and owns and operates approximately 1,200 megawatts of wind energy generation facility, as well as involved in the coal mining operations in North Dakota; and real estate investment activities in Florida. It owns and operates 162 substations with a total capacity of 9,980 megavolt amperes. The company serves taconite mining, paper, pulp and secondary wood products, pipeline, and other industries. The company was formerly known as Minnesota Power, Inc. and changed its name to ALLETE, Inc. in May 2001. ALLETE, Inc. was incorporated in 1906 and is headquartered in Duluth, Minnesota.

Company News

Yahoo
7 days ago
NT Solar Celebrates New Impact Investment Fund & Series of Successful Transactions
Yahoo
7 days ago
ALLETE Board of Directors declares dividend on common stock
Zacks
15 days ago
New Strong Sell Stocks for April 17th
Yahoo
16 days ago
ALLETE Recognized for Gender Diversity on Board and Among Executive Officers
Yahoo
19 days ago
ALLETE, Inc. (NYSE:ALE) is favoured by institutional owners who hold 77% of the company
Yahoo
20 days ago
ALLETE to Announce First Quarter Financial Results May 9
Yahoo
a month ago
The past five years for ALLETE (NYSE:ALE) investors has not been profitable
Zacks
a month ago
Ameren's (AEE) Missouri Arm Gets Nod for 400MW Solar Project
Yahoo
2 months ago
Returns On Capital Signal Tricky Times Ahead For ALLETE (NYSE:ALE)

Company Description

CEO: Ms. Bethany M. Owen, Mr. Matthew Hankey
Full Time Employees: 1,513
Sector: Utilities
Industry: Utilities—Diversified
Address: 30 West Superior Street Duluth MN United States 55802-2093
IPO Date: May 3, 1973
Website: www.allete.com
Business: ALLETE, Inc. operates as an energy company. The company operates through Regulated Operations, ALLETE Clean Energy, and Corporate and Other segments. It generates electricity from coal-fired, biomass co-fired / natural gas, hydroelectric, wind, and solar. In addition, the company provides regulated utility electric services in northwestern Wisconsin to approximately 15,000 electric customers, 13,000 natural gas customers, and 10,000 water customers, as well as regulated utility electric services in northeastern Minnesota to approximately 150,000 retail customers and 14 non-affiliated municipal customers. Further, it owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illinois. Additionally, the company focuses on developing, acquiring, and operating clean and renewable energy projects; and owns and operates approximately 1,200 megawatts of wind energy generation facility, as well as involved in the coal mining operations in North Dakota; and real estate investment activities in Florida. It owns and operates 162 substations with a total capacity of 9,980 megavolt amperes. The company serves taconite mining, paper, pulp and secondary wood products, pipeline, and other industries. The company was formerly known as Minnesota Power, Inc. and changed its name to ALLETE, Inc. in May 2001. ALLETE, Inc. was incorporated in 1906 and is headquartered in Duluth, Minnesota.

Company News

Yahoo
7 days ago
NT Solar Celebrates New Impact Investment Fund & Series of Successful Transactions
Yahoo
7 days ago
ALLETE Board of Directors declares dividend on common stock
Zacks
15 days ago
New Strong Sell Stocks for April 17th
Yahoo
16 days ago
ALLETE Recognized for Gender Diversity on Board and Among Executive Officers
Yahoo
19 days ago
ALLETE, Inc. (NYSE:ALE) is favoured by institutional owners who hold 77% of the company
Yahoo
20 days ago
ALLETE to Announce First Quarter Financial Results May 9
Yahoo
a month ago
The past five years for ALLETE (NYSE:ALE) investors has not been profitable
Zacks
a month ago
Ameren's (AEE) Missouri Arm Gets Nod for 400MW Solar Project
Yahoo
2 months ago
Returns On Capital Signal Tricky Times Ahead For ALLETE (NYSE:ALE)