ALE
Utilities

ALLETE, Inc.

ALE
Since

Headquarters:

MN, United States

Exchange:

NYSE

Industry:

Utilities—Diversified

Number of Employees:

1.56K

Current Fiscal Year:

2025

Market Cap:

3.79B

Price per Share:

$65.49

Quarterly Dividend per Share:

$0.73
Year-to-date Performance:
0.9091%
Dividend Yield:
4.30%
Price-to-book Ratio:
1.33
Trailing P/E Ratio:
21.12

Price History

Latest Prices

DateOpenHighLowClose
2025-04-3065.565.565.22165.49
2025-04-2965.1165.3365.1165.26
2025-04-2865.165.3465.165.25
2025-04-2565.2865.29265.085165.19
2025-04-2465.165.3565.0165.29

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.

Financial Performance

2025 Revenue:1.53B

Detailed view of quarterly revenue

2025 Net Income:179.30M

Detailed view of quarterly net income

2025 Free Cash Flow:102.20M

Overview of free cash flow for the quarter

Annual Revenue Comparison

Compares total annual revenues

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