Stock ALE ALLETE, INC.
Add to a list
To use this feature you must be a member
Log inSign up

Company ALLETE, Inc.

Equities

ALE

US0185223007

Electric Utilities

Market Closed - Nyse
Other stock markets
 04:00:02 2024-04-23 pm EDT 		5-day change 1st Jan Change
59.8 USD -0.27% Intraday chart for ALLETE, Inc. +4.18% -2.22%
Mar. 20 ALLETE, Inc. Announces Retirement of Margaret A. Thickens as Chief Legal Officer and Corporate Secretary, Effective May 31, 2024 CI
Feb. 20 ALLETE, Inc. Provides Earnings Guidance for 2024 CI

Business Summary

ALLETE, Inc. is a clean-energy transformation company that owns, operates and developing wind energy generation to reduce carbon footprint. The Company’s segments include Regulated Operations and ALLETE Clean Energy. Regulated Operations includes regulated utilities, Minnesota Power, and SWL&P, as well as investment in ATC, a Wisconsin-based regulated utility that owns and maintains electric transmission assets in portions of Wisconsin, Michigan, Minnesota, and Illinois. Minnesota Power provides regulated utility electric service in northeastern Minnesota to approximately 150,000 retail customers. ALLETE Clean Energy segment is focused on developing, acquiring, and operating clean and renewable energy projects. The segment owns and operates, in seven states, more than 1,200 MW of nameplate capacity wind energy generation with a contract under power sales agreements (PSAs) of various durations. It engages in the development of wind energy facilities to operate under long-term PSAs.

Number of employees: 1,537

Sales per Business

USD in Million2022Weight2023Weight Delta
Regulated Operations
65.9 %
1,259 80.2 % 1,238 65.9 % -1.67%
ALLETE Clean Energy
22.3 %
118 7.5 % 419 22.3 % +253.76%
Corporate and Other
11.9 %
193 12.3 % 223 11.9 % +15.48%

Sales per region

USD in Million2022Weight2023Weight Delta
United States
100.0 %
1,571 100.0 % 1,880 100.0 % +19.68%

Managers

Managers TitleAgeSince
Bethany Owen CEO
 Chief Executive Officer 58 01-12-31
Steven Morris DFI
 Director of Finance/CFO 62 00-12-31
Vincent J. Meyer IRC
 Investor Relations Contact - -
Dean Eastlake
- -
Margaret Thickens LAW
 General Counsel 57 07-12-31
Nicole Johnson PRN
 Corporate Officer/Principal 49 95-12-31
Joshua Kunkel
- -
Patrick Cutshall TRE
 Treasurer 58 88-12-31

Members of the board

Members of the board TitleAgeSince
Barbara Nick BRD
 Director/Board Member 66 20-07-27
Douglas Neve BRD
 Director/Board Member 68 07-07-17
Madeleine Ludlow BRD
 Director/Board Member 69 03-12-31
Robert Powers BRD
 Director/Board Member 70 16-12-31
Susan Nestegard BRD
 Director/Board Member 63 18-01-15
George Goldfarb BRD
 Director/Board Member 64 12-10-30
James Hoolihan BRD
 Director/Board Member 71 06-05-08
Charles Matthews BRD
 Director/Board Member 67 22-07-05
Bethany Owen CEO
 Chief Executive Officer 58 01-12-31
Charlene Thomas BRD
 Director/Board Member 56 21-10-03

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 57,665,328 57,423,479 ( 99.58 %) 0 99.58 %

Shareholders

NameEquities%Valuation
BlackRock Advisors LLC
12.95 %
7,455,771 12.95 % 445 M $
Vanguard Fiduciary Trust Co.
11.43 %
6,579,504 11.43 % 392 M $
STATE STREET CORPORATION
4.042 %
2,327,109 4.042 % 139 M $
Victory Capital Management, Inc. (Investment Management)
2.261 %
1,302,088 2.261 % 78 M $
Geode Capital Management LLC
2.193 %
1,262,587 2.193 % 75 M $
First Trust Advisors LP
2.177 %
1,253,571 2.177 % 75 M $
Fidelity Management & Research Co. LLC
2.007 %
1,155,599 2.007 % 69 M $
BNY Mellon Investment Adviser, Inc.
1.614 %
929,313 1.614 % 55 M $
Dimensional Fund Advisors LP
1.544 %
888,731 1.544 % 53 M $
Eaton Vance Management
1.463 %
842,303 1.463 % 50 M $

Company contact information

ALLETE, Inc.

30 West Superior Street

55802-2093, Duluth

+218 279 5000

http://www.allete.com
address ALLETE, Inc.(ALE)

Group companies

NameCategory and Sector
Superior Water, Light & Power Co.
Logo Superior Water, Light & Power Co.

Superior Water, Light & Power Co.

Electric UtilitiesUtilities

Part of ALLETE, Inc., Superior Water, Light & Power Co. provides electric, natural gas, and water services to residential and commercial customers. The private company is based in Superior, WI.

Electric Utilities
Diamond Spring LLC
Caddo Wind LLC
Logo Caddo Wind LLC

Caddo Wind LLC

Engineering & ConstructionIndustrial Services

Caddo Wind LLC operates wind energy projects. The private company is based in Oklahoma City, OK.

Engineering & Construction

Sector

Utilities
Utilities
Electrical Utilities & IPPs
Electric Utilities
Other Electric Utilities

Sales per Business

Ratings for ALLETE, Inc.

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
7
Last Close Price
59.8 USD
Average target price
62.69 USD
Spread / Average Target
+4.84%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Electric Utilities

1st Jan change Capi.
ALLETE, INC. Stock ALLETE, Inc.
-2.22% 3.45B
NEXTERA ENERGY Stock NextEra Energy
+8.99% 136B
SOUTHERN COMPANY Stock Southern Company
+4.46% 80.11B
IBERDROLA, S.A. Stock Iberdrola, S.A.
-2.78% 77.69B
DUKE ENERGY CORPORATION Stock Duke Energy Corporation
+1.21% 75.76B
CONSTELLATION ENERGY CORPORATION Stock Constellation Energy Corporation
+61.11% 59.32B
AMERICAN ELECTRIC POWER COMPANY, INC. Stock American Electric Power Company, Inc.
+5.33% 45.06B
DOMINION ENERGY, INC. Stock Dominion Energy, Inc.
+7.81% 42.44B
EXELON CORPORATION Stock Exelon Corporation
+4.65% 37.55B
GE VERNOVA INC. Stock GE Vernova Inc.
0.00% 40.22B
Other Electric Utilities
  1. Stock Market
  2. Equities
  3. ALE Stock
  4. Company ALLETE, Inc.