ALLETE (ALE)

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+$0.16 (+0.25%)Past DayToday's Volume:
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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

    $64.75

  • Market Cap

    $3.74 Billion

  • Total Outstanding Shares

    57.82 Million Shares

  • Total Employees

    1,622

  • Dividend

    $0.705 Per Share Quarterly

  • IPO Date

    May 27, 1998

  • SIC Description

    Electric & Other Services Combined

  • Homepage

    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 DateSplit Amount
September 20, 20041-for-3 (Reverse Split)

Cash Flow Statement

October 1, 2023 to September 30, 2024
MetricValue
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
MetricValue
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
MetricValue
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 DatePayment DateRecord DateAmountFrequency
Oct 25, 2024Dec 1, 2024Nov 15, 2024$0.705Quarterly
Jul 25, 2024Sep 1, 2024Aug 15, 2024$0.705Quarterly
Apr 25, 2024Jun 1, 2024May 15, 2024$0.705Quarterly
Jan 26, 2024Mar 1, 2024Feb 15, 2024$0.705Quarterly
Oct 27, 2023Dec 1, 2023Nov 15, 2023$0.6775Quarterly
Jul 31, 2023Sep 1, 2023Aug 15, 2023$0.6775Quarterly
Apr 27, 2023Jun 1, 2023May 15, 2023$0.6775Quarterly
Feb 3, 2023Mar 1, 2023Feb 15, 2023$0.6775Quarterly
Oct 28, 2022Dec 1, 2022Nov 15, 2022$0.65Quarterly
Jul 28, 2022Sep 1, 2022Aug 15, 2022$0.65Quarterly
Feb 3, 2022Mar 1, 2022Feb 15, 2022$0.65Quarterly
Oct 29, 2021Dec 1, 2021Nov 15, 2021$0.63Quarterly
Jul 29, 2021Sep 1, 2021Aug 16, 2021$0.63Quarterly
Apr 29, 2021Jun 1, 2021May 14, 2021$0.63Quarterly
Feb 4, 2021Mar 1, 2021Feb 16, 2021$0.63Quarterly
Oct 30, 2020Dec 1, 2020Nov 16, 2020$0.6175Quarterly
Jul 30, 2020Sep 1, 2020Aug 14, 2020$0.6175Quarterly
Apr 30, 2020Jun 1, 2020May 15, 2020$0.6175Quarterly
Jan 31, 2020Mar 1, 2020Feb 14, 2020$0.6175Quarterly
Oct 24, 2019Dec 1, 2019Nov 15, 2019$0.5875Quarterly
Jul 25, 2019Sep 1, 2019Aug 15, 2019$0.5875Quarterly
Apr 24, 2019Jun 1, 2019May 15, 2019$0.5875Quarterly
Feb 1, 2019Mar 1, 2019Feb 15, 2019$0.5875Quarterly
Oct 25, 2018Dec 1, 2018Nov 15, 2018$0.56Quarterly
Jul 27, 2018Sep 1, 2018Aug 15, 2018$0.56Quarterly
Apr 25, 2018Jun 1, 2018May 15, 2018$0.56Quarterly
Jan 24, 2018Mar 1, 2018Feb 15, 2018$0.56Quarterly
Oct 25, 2017Dec 1, 2017Nov 15, 2017$0.535Quarterly
Jul 27, 2017Sep 1, 2017Aug 15, 2017$0.535Quarterly
Apr 26, 2017Jun 1, 2017May 15, 2017$0.535Quarterly
Jan 25, 2017Mar 1, 2017Feb 15, 2017$0.535Quarterly
Oct 28, 2016Dec 1, 2016Nov 15, 2016$0.52Quarterly
Jul 28, 2016Sep 1, 2016Aug 15, 2016$0.52Quarterly
Apr 21, 2016Jun 1, 2016May 16, 2016$0.52Quarterly
Jan 22, 2016Mar 1, 2016Feb 16, 2016$0.52Quarterly
Jul 31, 2015Sep 1, 2015Aug 14, 2015$0.505Quarterly
Apr 29, 2015Jun 1, 2015May 15, 2015$0.505Quarterly
Jan 23, 2015Mar 1, 2015Feb 16, 2015$0.505Quarterly
Oct 29, 2014Dec 1, 2014Nov 14, 2014$0.49Quarterly
Jul 30, 2014Sep 1, 2014Aug 15, 2014$0.49Quarterly
Apr 30, 2014Jun 1, 2014May 15, 2014$0.49Quarterly
Jan 29, 2014Mar 1, 2014Feb 14, 2014$0.49Quarterly
Oct 25, 2013Dec 1, 2013Nov 15, 2013$0.475Quarterly
Jul 26, 2013Sep 1, 2013Aug 15, 2013$0.475Quarterly
Apr 30, 2013Jun 1, 2013May 15, 2013$0.475Quarterly
Jan 22, 2013Mar 1, 2013Feb 15, 2013$0.475Quarterly
Oct 29, 2012Dec 1, 2012Nov 15, 2012$0.46Quarterly

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