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
$64.75Market 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, 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 |
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 |
Income Statement
October 1, 2023 to September 30, 2024
Metric | Value |
---|---|
Cost Of Revenue | $140.00 Million |
Income Tax Expense/Benefit, Deferred | $9.10 Million |
Gross Profit | $1.43 Billion |
Income/Loss From Continuing Operations After Tax | $140.90 Million |
Income Tax Expense/Benefit | $15.80 Million |
Net Income/Loss Attributable To Noncontrolling Interest | $-39.30 Million |
Basic Average Shares | $57.70 Million |
Income/Loss Before Equity Method Investments | $114.10 Million |
Nonoperating Income/Loss | $-28.90 Million |
Income Tax Expense/Benefit, Current | $6.70 Million |
Net Income/Loss | $140.90 Million |
Income/Loss From Continuing Operations Before Tax | $500.40 Million |
Net Income/Loss Attributable To Parent | $180.20 Million |
Income/Loss From Equity Method Investments | $22.10 Million |
Preferred Stock Dividends And Other Adjustments | $0.00 |
Basic Earnings Per Share | $3.12 |
Participating Securities, Distributed And Undistributed Earnings/Loss, Basic | $0.00 |
Net Income/Loss Available To Common Stockholders, Basic | $180.20 Million |
Diluted Average Shares | $57.80 Million |
Operating Income/Loss | $165.10 Million |
Revenues | $1.57 Billion |
Costs And Expenses | $1.40 Billion |
Benefits Costs and Expenses | $1.07 Billion |
Operating Expenses | $1.30 Billion |
Diluted Earnings Per Share | $3.12 |
Balance Sheet
October 1, 2023 to September 30, 2024
Metric | Value |
---|---|
Equity | $3.39 Billion |
Current Assets | $483.40 Million |
Liabilities | $3.34 Billion |
Noncurrent Liabilities | $3.01 Billion |
Long-term Debt | $1.79 Billion |
Accounts Payable | $110.80 Million |
Other Non-current Liabilities | $1.22 Billion |
Fixed Assets | $5.11 Billion |
Other Non-current Assets | $1.14 Billion |
Equity Attributable To Parent | $2.83 Billion |
Current Liabilities | $334.40 Million |
Temporary Equity | $700000.00 |
Liabilities And Equity | $6.74 Billion |
Other Current Liabilities | $223.60 Million |
Equity Attributable To Noncontrolling Interest | $560.70 Million |
Noncurrent Assets | $6.25 Billion |
Temporary Equity Attributable To Parent | $700000.00 |
Assets | $6.74 Billion |
Inventory | $166.60 Million |
Other Current Assets | $316.80 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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