ALLETE (ALE)
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About
Business overview of ALLETE (ALE)
ALLETE Inc provides competitively-priced energy in America's Upper Midwest region and invests in transmission infrastructure and other energy-centric businesses. The company has two reportable segments. The first segment is Regulated Operations, which includes the company's regulated utilities, Minnesota Power and SWL&P, as well as its investment in ATC. ATC is a regulated utility based in Wisconsin that owns and maintains electric transmission assets in parts of Wisconsin, Michigan, Minnesota, and Illinois. The second segment is ALLETE Clean Energy, which focuses on developing, acquiring, and operating clean and renewable energy projects.
Key Insights
Critical company metrics and information
Share Price
$64.70Market Cap
$3.74 BillionTotal Outstanding Shares
57.82 Million SharesTotal Employees
1,622Dividend
$0.705 Per Share QuarterlyIPO Date
May 27, 1998SIC Description
Electric & Other Services CombinedHomepage
https://www.allete.com
Historical Stock Splits
If you bought 1 share of ALE before September 20, 2004, you'd have 0.33 shares today.
Execution Date | Split Amount |
---|---|
September 20, 2004 | 1-for-3 (Reverse Split) |
Cash Flow Statement
October 1, 2023 to September 30, 2024
Metric | Value |
---|---|
Net Cash Flow | $-20.20 Million |
Net Cash Flow From Investing Activities | $-302.90 Million |
Net Cash Flow From Financing Activities | $-149.90 Million |
Net Cash Flow From Operating Activities | $432.60 Million |
Net Cash Flow, Continuing | $-20.20 Million |
Net Cash Flow From Investing Activities, Continuing | $-302.90 Million |
Net Cash Flow From Operating Activities, Continuing | $432.60 Million |
Net Cash Flow From Financing Activities, Continuing | $-149.90 Million |
Income Statement
October 1, 2023 to September 30, 2024
Metric | Value |
---|---|
Net Income/Loss | $140.90 Million |
Income/Loss Before Equity Method Investments | $114.10 Million |
Participating Securities, Distributed And Undistributed Earnings/Loss, Basic | $0.00 |
Net Income/Loss Available To Common Stockholders, Basic | $180.20 Million |
Basic Earnings Per Share | $3.12 |
Income Tax Expense/Benefit, Deferred | $9.10 Million |
Benefits Costs and Expenses | $1.07 Billion |
Income Tax Expense/Benefit | $15.80 Million |
Diluted Average Shares | $57.80 Million |
Income/Loss From Continuing Operations After Tax | $140.90 Million |
Cost Of Revenue | $140.00 Million |
Net Income/Loss Attributable To Parent | $180.20 Million |
Net Income/Loss Attributable To Noncontrolling Interest | $-39.30 Million |
Operating Expenses | $1.30 Billion |
Diluted Earnings Per Share | $3.12 |
Income/Loss From Equity Method Investments | $22.10 Million |
Income Tax Expense/Benefit, Current | $6.70 Million |
Revenues | $1.57 Billion |
Preferred Stock Dividends And Other Adjustments | $0.00 |
Operating Income/Loss | $165.10 Million |
Gross Profit | $1.43 Billion |
Income/Loss From Continuing Operations Before Tax | $500.40 Million |
Basic Average Shares | $57.70 Million |
Nonoperating Income/Loss | $-28.90 Million |
Costs And Expenses | $1.40 Billion |
Balance Sheet
October 1, 2023 to September 30, 2024
Metric | Value |
---|---|
Assets | $6.74 Billion |
Equity Attributable To Noncontrolling Interest | $560.70 Million |
Noncurrent Liabilities | $3.01 Billion |
Fixed Assets | $5.11 Billion |
Equity | $3.39 Billion |
Liabilities | $3.34 Billion |
Long-term Debt | $1.79 Billion |
Equity Attributable To Parent | $2.83 Billion |
Inventory | $166.60 Million |
Other Current Assets | $316.80 Million |
Temporary Equity | $700000.00 |
Liabilities And Equity | $6.74 Billion |
Noncurrent Assets | $6.25 Billion |
Accounts Payable | $110.80 Million |
Current Liabilities | $334.40 Million |
Temporary Equity Attributable To Parent | $700000.00 |
Other Non-current Liabilities | $1.22 Billion |
Other Non-current Assets | $1.14 Billion |
Current Assets | $483.40 Million |
Other Current Liabilities | $223.60 Million |
Historical Dividends
Current dividend: $0.705 Per Share Quarterly
Announcement Date | Payment Date | Record Date | Amount | Frequency |
---|---|---|---|---|
Oct 25, 2024 | Dec 1, 2024 | Nov 15, 2024 | $0.705 | Quarterly |
Jul 25, 2024 | Sep 1, 2024 | Aug 15, 2024 | $0.705 | Quarterly |
Apr 25, 2024 | Jun 1, 2024 | May 15, 2024 | $0.705 | Quarterly |
Jan 26, 2024 | Mar 1, 2024 | Feb 15, 2024 | $0.705 | Quarterly |
Oct 27, 2023 | Dec 1, 2023 | Nov 15, 2023 | $0.6775 | Quarterly |
Jul 31, 2023 | Sep 1, 2023 | Aug 15, 2023 | $0.6775 | Quarterly |
Apr 27, 2023 | Jun 1, 2023 | May 15, 2023 | $0.6775 | Quarterly |
Feb 3, 2023 | Mar 1, 2023 | Feb 15, 2023 | $0.6775 | Quarterly |
Oct 28, 2022 | Dec 1, 2022 | Nov 15, 2022 | $0.65 | Quarterly |
Jul 28, 2022 | Sep 1, 2022 | Aug 15, 2022 | $0.65 | Quarterly |
Feb 3, 2022 | Mar 1, 2022 | Feb 15, 2022 | $0.65 | Quarterly |
Oct 29, 2021 | Dec 1, 2021 | Nov 15, 2021 | $0.63 | Quarterly |
Jul 29, 2021 | Sep 1, 2021 | Aug 16, 2021 | $0.63 | Quarterly |
Apr 29, 2021 | Jun 1, 2021 | May 14, 2021 | $0.63 | Quarterly |
Feb 4, 2021 | Mar 1, 2021 | Feb 16, 2021 | $0.63 | Quarterly |
Oct 30, 2020 | Dec 1, 2020 | Nov 16, 2020 | $0.6175 | Quarterly |
Jul 30, 2020 | Sep 1, 2020 | Aug 14, 2020 | $0.6175 | Quarterly |
Apr 30, 2020 | Jun 1, 2020 | May 15, 2020 | $0.6175 | Quarterly |
Jan 31, 2020 | Mar 1, 2020 | Feb 14, 2020 | $0.6175 | Quarterly |
Oct 24, 2019 | Dec 1, 2019 | Nov 15, 2019 | $0.5875 | Quarterly |
Jul 25, 2019 | Sep 1, 2019 | Aug 15, 2019 | $0.5875 | Quarterly |
Apr 24, 2019 | Jun 1, 2019 | May 15, 2019 | $0.5875 | Quarterly |
Feb 1, 2019 | Mar 1, 2019 | Feb 15, 2019 | $0.5875 | Quarterly |
Oct 25, 2018 | Dec 1, 2018 | Nov 15, 2018 | $0.56 | Quarterly |
Jul 27, 2018 | Sep 1, 2018 | Aug 15, 2018 | $0.56 | Quarterly |
Apr 25, 2018 | Jun 1, 2018 | May 15, 2018 | $0.56 | Quarterly |
Jan 24, 2018 | Mar 1, 2018 | Feb 15, 2018 | $0.56 | Quarterly |
Oct 25, 2017 | Dec 1, 2017 | Nov 15, 2017 | $0.535 | Quarterly |
Jul 27, 2017 | Sep 1, 2017 | Aug 15, 2017 | $0.535 | Quarterly |
Apr 26, 2017 | Jun 1, 2017 | May 15, 2017 | $0.535 | Quarterly |
Jan 25, 2017 | Mar 1, 2017 | Feb 15, 2017 | $0.535 | Quarterly |
Oct 28, 2016 | Dec 1, 2016 | Nov 15, 2016 | $0.52 | Quarterly |
Jul 28, 2016 | Sep 1, 2016 | Aug 15, 2016 | $0.52 | Quarterly |
Apr 21, 2016 | Jun 1, 2016 | May 16, 2016 | $0.52 | Quarterly |
Jan 22, 2016 | Mar 1, 2016 | Feb 16, 2016 | $0.52 | Quarterly |
Jul 31, 2015 | Sep 1, 2015 | Aug 14, 2015 | $0.505 | Quarterly |
Apr 29, 2015 | Jun 1, 2015 | May 15, 2015 | $0.505 | Quarterly |
Jan 23, 2015 | Mar 1, 2015 | Feb 16, 2015 | $0.505 | Quarterly |
Oct 29, 2014 | Dec 1, 2014 | Nov 14, 2014 | $0.49 | Quarterly |
Jul 30, 2014 | Sep 1, 2014 | Aug 15, 2014 | $0.49 | Quarterly |
Apr 30, 2014 | Jun 1, 2014 | May 15, 2014 | $0.49 | Quarterly |
Jan 29, 2014 | Mar 1, 2014 | Feb 14, 2014 | $0.49 | Quarterly |
Oct 25, 2013 | Dec 1, 2013 | Nov 15, 2013 | $0.475 | Quarterly |
Jul 26, 2013 | Sep 1, 2013 | Aug 15, 2013 | $0.475 | Quarterly |
Apr 30, 2013 | Jun 1, 2013 | May 15, 2013 | $0.475 | Quarterly |
Jan 22, 2013 | Mar 1, 2013 | Feb 15, 2013 | $0.475 | Quarterly |
Oct 29, 2012 | Dec 1, 2012 | Nov 15, 2012 | $0.46 | Quarterly |
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