ALLETE, Inc. Logo

ALLETE, Inc.

ALE

(2.5)
Stock Price

64,50 USD

3.4% ROA

6.39% ROE

16.7x PER

Market Cap.

3.695.697.657,00 USD

63.5% DER

4.36% Yield

11.49% NPM

ALLETE, Inc. Stock Analysis

ALLETE, Inc. Fundamental Analysis

Fundamental analysis in stock investing is like studying the foundation of a house before buying it. It involves looking at a company's financial health, like its earnings, assets, and debts, to determine if it's a good investment based on its fundamental strength and potential for growth.

ALLETE, Inc. Fundamental Stock Analysis
# Analysis Rating
1 Dividend Growth

The company's dividend growth has exhibited a remarkable upward trend over the past five years, consistently delivering higher returns to investors.

2 Dividend

Shareholders can rely on the company's remarkable dividend history, consistently paying dividends for the past five years, demonstrating a steadfast dedication to rewarding investors.

3 ROE

The stock's ROE falls within an average range (7.77%), demonstrating satisfactory profitability and efficiency in utilizing shareholders' equity.

4 ROA

The stock's ROA (3.27%) indicates that it's doing well in making money from the things it owns. This makes it a good option to invest and make consistent profits.

5 PBV

The stock's PBV ratio (1.15x) indicates a justifiable valuation, presenting a compelling choice for investors seeking reasonable returns.

6 DER

The stock has a reasonable amount of debt compared to its ownership (65%), suggesting a balanced financial position and a moderate level of risk.

7 Graham Number

Based on the Graham number, this company's stock price appears to be lower than its intrinsic value, signaling a potentially favorable investment choice.

8 Buffet Intrinsic Value

The company's stock shows potential as it is undervalued (633) according to Warren Buffett's formula, indicating that its intrinsic value exceeds the market price.

9 Revenue Growth

Regrettably, this company's revenue has shown no signs of growth over the past three years, suggesting limited potential for returns and making it a less appealing choice.

10 Net Profit Growth

Throughout the last five years, this company's net profit has remained unchanged, indicating a lack of growth and making it a less favorable investment option.

11 Assets Growth

Company's revenue has stayed stagnant, showing no signs of improvement and making it a less favorable choice.

ALLETE, Inc. Technical Analysis

Technical analysis in stock investing is like reading the patterns on a weather map to predict future weather conditions. It involves studying past stock price movements and trading volumes to make predictions about where a stock's price might go next, without necessarily looking at the company's financial health.

ALLETE, Inc. Technical Stock Analysis
# Analysis Recommendation
1 Awesome Oscillator Buy
2 MACD Buy
3 RSI Hold
4 Stoch RSI Sell

ALLETE, Inc. Price Chart

Financial Statements

Financial statements are like report cards for companies. They show how much money a company makes (income statement), what it owns and owes (balance sheet), and where it spends its money (cash flow statement), helping stock investors understand if a company is healthy and worth investing in.

Income Statements

An income statement for a company is like a scoreboard for its profits and losses. It shows how much money the company made (revenue) and how much it spent to make that money (expenses), helping stock investors see if a company is making a profit or not.

Revenue in stock investing is the total amount of money a company earns from its sales, and it's a key factor that investors consider to assess a company's financial performance and growth potential.

ALLETE, Inc. Revenue
Year Revenue Growth
1985 412.900.000
1986 395.500.000 -4.4%
1987 426.100.000 7.18%
1988 460.500.000 7.47%
1989 463.900.000 0.73%
1990 477.500.000 2.85%
1991 484.100.000 1.36%
1992 489.400.000 1.08%
1993 505.500.000 3.18%
1994 637.800.000 20.74%
1995 673.000.000 5.23%
1996 846.900.000 20.53%
1997 953.600.000 11.19%
1998 1.039.700.000 8.28%
1999 1.131.800.000 8.14%
2000 1.331.900.000 15.02%
2001 1.527.700.000 12.82%
2002 1.506.900.000 -1.38%
2003 1.618.800.000 6.91%
2004 751.400.000 -115.44%
2005 737.400.000 -1.9%
2006 767.100.000 3.87%
2007 841.700.000 8.86%
2008 801.000.000 -5.08%
2009 759.100.000 -5.52%
2010 907.000.000 16.31%
2011 928.200.000 2.28%
2012 961.200.000 3.43%
2013 1.018.400.000 5.62%
2014 1.136.800.000 10.42%
2015 1.486.400.000 23.52%
2016 1.339.700.000 -10.95%
2017 1.419.300.000 5.61%
2018 1.498.600.000 5.29%
2019 1.240.500.000 -20.81%
2020 1.169.100.000 -6.11%
2021 1.419.200.000 17.62%
2022 1.570.700.000 9.65%
2023 1.515.200.000 -3.66%
2023 1.879.800.000 19.4%
2024 1.418.000.000 -32.57%

Research and Development Expenses are the costs a company incurs to create and improve its products or services, which can be important for investors to evaluate a company's innovation and potential for future growth.

ALLETE, Inc. Research and Development Expenses
Year Research and Development Expenses Growth
1985 0
1986 0 0%
1987 0 0%
1988 0 0%
1989 0 0%
1990 0 0%
1991 0 0%
1992 0 0%
1993 0 0%
1994 0 0%
1995 0 0%
1996 0 0%
1997 0 0%
1998 0 0%
1999 0 0%
2000 0 0%
2001 0 0%
2002 0 0%
2003 0 0%
2004 0 0%
2005 0 0%
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 0 0%
2014 0 0%
2015 0 0%
2016 0 0%
2017 0 0%
2018 0 0%
2019 0 0%
2020 0 0%
2021 0 0%
2022 0 0%
2023 0 0%
2023 0 0%
2024 0 0%

General and Administrative Expenses are the costs a company incurs to run its day-to-day operations, such as office rent, salaries, and utilities, which investors consider to understand a company's overall efficiency and management effectiveness.

ALLETE, Inc. General and Administrative Expenses
Year General and Administrative Expenses Growth
1985 0
1986 0 0%
1987 0 0%
1988 0 0%
1989 0 0%
1990 0 0%
1991 0 0%
1992 0 0%
1993 0 0%
1994 0 0%
1995 0 0%
1996 0 0%
1997 0 0%
1998 0 0%
1999 0 0%
2000 0 0%
2001 0 0%
2002 0 0%
2003 0 0%
2004 0 0%
2005 0 0%
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 0 0%
2014 0 0%
2015 0 0%
2016 0 0%
2017 0 0%
2018 0 0%
2019 0 0%
2020 0 0%
2021 0 0%
2022 0 0%
2023 0 0%
2023 0 0%
2024 0 0%

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure that helps stock investors analyze a company's profitability by looking at its earnings without considering certain expenses. This helps to get a clearer picture of the company's financial performance and its ability to generate cash flow.

ALLETE, Inc. EBITDA
Year EBITDA Growth
1985 412.900.000
1986 395.500.000 -4.4%
1987 426.100.000 7.18%
1988 460.500.000 7.47%
1989 463.900.000 0.73%
1990 477.500.000 2.85%
1991 484.100.000 1.36%
1992 489.400.000 1.08%
1993 505.500.000 3.18%
1994 178.400.000 -183.35%
1995 162.300.000 -9.92%
1996 197.200.000 17.7%
1997 235.600.000 16.3%
1998 258.800.000 8.96%
1999 337.100.000 23.23%
2000 299.000.000 -12.74%
2001 384.100.000 22.16%
2002 341.900.000 -12.34%
2003 388.300.000 11.95%
2004 161.600.000 -140.28%
2005 91.800.000 -76.03%
2006 174.500.000 47.39%
2007 154.100.000 -13.24%
2008 146.400.000 -5.26%
2009 190.000.000 22.95%
2010 234.200.000 18.87%
2011 258.800.000 9.51%
2012 280.800.000 7.83%
2013 300.300.000 6.49%
2014 344.800.000 12.91%
2015 438.000.000 21.28%
2016 436.500.000 -0.34%
2017 436.100.000 -0.09%
2018 435.000.000 -0.25%
2019 429.400.000 -1.3%
2020 413.500.000 -3.85%
2021 418.800.000 1.27%
2022 422.900.000 0.97%
2023 693.200.000 38.99%
2023 432.700.000 -60.2%
2024 381.600.000 -13.39%

Gross profit is the money a company makes from selling its products or services after subtracting the cost of producing or providing them, and it is an important measure for investors to understand a company's profitability.

ALLETE, Inc. Gross Profit
Year Gross Profit Growth
1985 412.900.000
1986 395.500.000 -4.4%
1987 426.100.000 7.18%
1988 460.500.000 7.47%
1989 463.900.000 0.73%
1990 477.500.000 2.85%
1991 484.100.000 1.36%
1992 489.400.000 1.08%
1993 505.500.000 3.18%
1994 480.100.000 -5.29%
1995 496.000.000 3.21%
1996 656.000.000 24.39%
1997 759.500.000 13.63%
1998 834.000.000 8.93%
1999 931.600.000 10.48%
2000 1.102.900.000 15.53%
2001 1.294.600.000 14.81%
2002 1.267.800.000 -2.11%
2003 1.366.300.000 7.21%
2004 463.500.000 -194.78%
2005 464.300.000 0.17%
2006 485.400.000 4.35%
2007 494.100.000 1.76%
2008 495.400.000 0.26%
2009 479.600.000 -3.29%
2010 581.900.000 17.58%
2011 621.600.000 6.39%
2012 255.400.000 -143.38%
2013 270.700.000 5.65%
2014 324.500.000 16.58%
2015 468.400.000 30.72%
2016 462.800.000 -1.21%
2017 463.500.000 0.15%
2018 462.700.000 -0.17%
2019 435.100.000 -6.34%
2020 424.800.000 -2.42%
2021 453.500.000 6.33%
2022 446.800.000 -1.5%
2023 458.400.000 2.53%
2023 238.100.000 -92.52%
2024 182.800.000 -30.25%

Net income in stock investing is like the money a company actually gets to keep as profit after paying all its bills, and it's an important measure to understand how well a company is doing financially.

ALLETE, Inc. Net Profit
Year Net Profit Growth
1985 69.400.000
1986 82.600.000 15.98%
1987 70.000.000 -18%
1988 72.900.000 3.98%
1989 88.900.000 18%
1990 74.600.000 -19.17%
1991 75.500.000 1.19%
1992 73.300.000 -3%
1993 62.600.000 -17.09%
1994 61.300.000 -2.12%
1995 64.800.000 5.4%
1996 69.200.000 6.36%
1997 77.600.000 10.82%
1998 88.500.000 12.32%
1999 68.000.000 -30.15%
2000 148.600.000 54.24%
2001 138.700.000 -7.14%
2002 137.200.000 -1.09%
2003 236.400.000 41.96%
2004 104.400.000 -126.44%
2005 13.300.000 -684.96%
2006 68.300.000 80.53%
2007 87.600.000 22.03%
2008 82.500.000 -6.18%
2009 61.000.000 -35.25%
2010 75.300.000 18.99%
2011 93.800.000 19.72%
2012 97.100.000 3.4%
2013 104.700.000 7.26%
2014 124.800.000 16.11%
2015 141.100.000 11.55%
2016 155.300.000 9.14%
2017 172.200.000 9.81%
2018 174.100.000 1.09%
2019 185.600.000 6.2%
2020 174.200.000 -6.54%
2021 169.200.000 -2.96%
2022 131.300.000 -28.87%
2023 343.600.000 61.79%
2023 247.100.000 -39.05%
2024 132.000.000 -87.2%

EPS, or earnings per share, is a measure that shows how much profit a company has earned for each outstanding share of its stock, and it is important for stock investors as it helps understand the profitability of a company and compare it with other companies in the market.

ALLETE, Inc. Earning per Share (EPS)
Year Earning per Share (EPS) Growth
1985 4
1986 4 25%
1987 4 -33.33%
1988 4 0%
1989 4 25%
1990 4 -33.33%
1991 4 0%
1992 4 0%
1993 3 0%
1994 3 0%
1995 3 0%
1996 3 0%
1997 4 0%
1998 4 25%
1999 3 -100%
2000 6 66.67%
2001 5 -20%
2002 5 0%
2003 8 37.5%
2004 4 -166.67%
2005 0 0%
2006 3 100%
2007 3 33.33%
2008 3 -50%
2009 2 -100%
2010 2 50%
2011 3 0%
2012 3 0%
2013 3 0%
2014 3 0%
2015 3 0%
2016 3 33.33%
2017 3 0%
2018 3 0%
2019 4 0%
2020 3 0%
2021 3 0%
2022 2 -50%
2023 6 66.67%
2023 4 -50%
2024 2 -100%

Cashflow Statements

Cashflow statements show the movement of money in and out of a company, helping stock investors understand how much money a company makes and spends. By examining cashflow statements, investors can assess if a company is generating enough cash to pay its bills, invest in growth, and provide returns to stockholders.

Free cash flow is the leftover cash that a company generates after covering its operating expenses and capital expenditures, which is important for stock investors as it shows how much money a company has available to invest in growth, pay dividends, or reduce debt.

ALLETE, Inc. Free Cashflow
Year Free Cashflow Growth
1994 36.300.000
1995 6.300.000 -476.19%
1996 -17.100.000 136.84%
1997 64.000.000 126.72%
1998 65.500.000 2.29%
1999 74.100.000 11.61%
2000 106.800.000 30.62%
2001 -49.400.000 316.19%
2002 247.200.000 119.98%
2003 64.500.000 -283.26%
2004 105.500.000 38.86%
2005 -5.100.000 2168.63%
2006 40.200.000 112.69%
2007 -87.100.000 146.15%
2008 -149.000.000 41.54%
2009 -181.100.000 17.73%
2010 -20.200.000 -796.53%
2011 2.500.000 908%
2012 -166.200.000 101.5%
2013 -89.100.000 -86.53%
2014 -328.700.000 72.89%
2015 53.300.000 716.7%
2016 66.400.000 19.73%
2017 194.400.000 65.84%
2018 120.700.000 -61.06%
2019 -347.600.000 134.72%
2020 -418.000.000 16.84%
2021 -209.800.000 -99.24%
2022 800.000 26325%
2023 314.100.000 99.75%
2023 124.800.000 -151.68%
2024 43.000.000 -190.23%

Operating cash flow represents the cash generated or consumed by a company's day-to-day operations, excluding external investing or financing activities, and is crucial for stock investors as it shows how much cash a company is generating from its core business operations.

ALLETE, Inc. Operating Cashflow
Year Operating Cashflow Growth
1994 116.500.000
1995 124.000.000 6.05%
1996 77.000.000 -61.04%
1997 117.300.000 34.36%
1998 146.300.000 19.82%
1999 173.800.000 15.82%
2000 275.500.000 36.91%
2001 103.600.000 -165.93%
2002 453.000.000 77.13%
2003 245.800.000 -84.3%
2004 168.500.000 -45.88%
2005 53.500.000 -214.95%
2006 142.500.000 62.46%
2007 123.100.000 -15.76%
2008 152.100.000 19.07%
2009 137.400.000 -10.7%
2010 228.700.000 39.92%
2011 241.700.000 5.38%
2012 239.600.000 -0.88%
2013 239.400.000 -0.08%
2014 269.800.000 11.27%
2015 340.100.000 20.67%
2016 332.000.000 -2.44%
2017 402.900.000 17.6%
2018 433.100.000 6.97%
2019 249.500.000 -73.59%
2020 299.800.000 16.78%
2021 263.500.000 -13.78%
2022 221.300.000 -19.07%
2023 585.300.000 62.19%
2023 188.400.000 -210.67%
2024 116.400.000 -61.86%

Capex, short for capital expenditures, refers to the money a company spends on acquiring or upgrading tangible assets like buildings, equipment, or technology, which is important for stock investors as it indicates how much a company is investing in its infrastructure to support future growth and profitability.

ALLETE, Inc. Capital Expenditure
Year Capital Expenditure Growth
1994 80.200.000
1995 117.700.000 31.86%
1996 94.100.000 -25.08%
1997 53.300.000 -76.55%
1998 80.800.000 34.03%
1999 99.700.000 18.96%
2000 168.700.000 40.9%
2001 153.000.000 -10.26%
2002 205.800.000 25.66%
2003 181.300.000 -13.51%
2004 63.000.000 -187.78%
2005 58.600.000 -7.51%
2006 102.300.000 42.72%
2007 210.200.000 51.33%
2008 301.100.000 30.19%
2009 318.500.000 5.46%
2010 248.900.000 -27.96%
2011 239.200.000 -4.06%
2012 405.800.000 41.05%
2013 328.500.000 -23.53%
2014 598.500.000 45.11%
2015 286.800.000 -108.68%
2016 265.600.000 -7.98%
2017 208.500.000 -27.39%
2018 312.400.000 33.26%
2019 597.100.000 47.68%
2020 717.800.000 16.82%
2021 473.300.000 -51.66%
2022 220.500.000 -114.65%
2023 271.200.000 18.69%
2023 63.600.000 -326.42%
2024 73.400.000 13.35%

Balance Sheet

Balance sheets provide a snapshot of a company's financial health and its assets (such as cash, inventory, and property) and liabilities (like debts and obligations) at a specific point in time. For stock investors, balance sheets help assess the company's overall worth and evaluate its ability to meet financial obligations and support future growth.

Equity refers to the ownership interest or stake that shareholders have in a company, representing their claim on its assets and earnings after all debts and liabilities are paid.

ALLETE, Inc. Equity
Year Equity Growth
1994 610.200.000
1995 632.600.000 3.54%
1996 642.300.000 1.51%
1997 682.400.000 5.88%
1998 817.100.000 16.49%
1999 837.300.000 2.41%
2000 900.800.000 7.05%
2001 1.143.800.000 21.24%
2002 1.232.400.000 7.19%
2003 1.460.200.000 15.6%
2004 630.500.000 -131.59%
2005 608.800.000 -3.56%
2006 673.200.000 9.57%
2007 751.900.000 10.47%
2008 836.900.000 10.16%
2009 939.000.000 10.87%
2010 985.000.000 4.67%
2011 1.079.300.000 8.74%
2012 1.201.000.000 10.13%
2013 1.342.900.000 10.57%
2014 1.611.200.000 16.65%
2015 1.824.600.000 11.7%
2016 1.893.000.000 3.61%
2017 2.068.200.000 8.47%
2018 2.155.800.000 4.06%
2019 2.335.600.000 7.7%
2020 2.800.200.000 16.59%
2021 2.946.300.000 4.96%
2022 3.348.300.000 12.01%
2023 3.396.700.000 1.42%
2023 3.407.100.000 0.31%
2024 3.395.600.000 -0.34%

Assets represent the valuable resources that a company owns, such as cash, inventory, property, and equipment, and understanding a company's assets helps investors assess its value and potential for generating future profits.

ALLETE, Inc. Assets
Year Assets Growth
1994 1.807.800.000
1995 1.947.600.000 7.18%
1996 2.146.000.000 9.25%
1997 2.172.300.000 1.21%
1998 2.317.100.000 6.25%
1999 2.312.600.000 -0.19%
2000 2.914.000.000 20.64%
2001 3.282.500.000 11.23%
2002 3.147.200.000 -4.3%
2003 3.101.300.000 -1.48%
2004 1.431.400.000 -116.66%
2005 1.398.800.000 -2.33%
2006 1.533.400.000 8.78%
2007 1.644.200.000 6.74%
2008 2.134.800.000 22.98%
2009 2.393.100.000 10.79%
2010 2.609.100.000 8.28%
2011 2.876.000.000 9.28%
2012 3.253.400.000 11.6%
2013 3.476.800.000 6.43%
2014 4.360.800.000 20.27%
2015 4.907.100.000 11.13%
2016 4.906.400.000 -0.01%
2017 5.080.000.000 3.42%
2018 5.165.000.000 1.65%
2019 5.482.800.000 5.8%
2020 6.084.600.000 9.89%
2021 6.435.000.000 5.45%
2022 6.845.600.000 6%
2023 6.644.800.000 -3.02%
2023 7.365.000.000 9.78%
2024 6.661.300.000 -10.56%

Liabilities refer to the financial obligations or debts that a company owes to creditors or external parties, and understanding a company's liabilities is important for investors as it helps assess the company's financial risk and ability to meet its obligations.

ALLETE, Inc. Liabilities
Year Liabilities Growth
1994 1.197.600.000
1995 1.315.000.000 8.93%
1996 1.503.700.000 12.55%
1997 1.489.900.000 -0.93%
1998 1.500.000.000 0.67%
1999 1.475.300.000 -1.67%
2000 2.013.200.000 26.72%
2001 2.138.700.000 5.87%
2002 1.914.800.000 -11.69%
2003 1.641.100.000 -16.68%
2004 800.900.000 -104.91%
2005 790.000.000 -1.38%
2006 860.200.000 8.16%
2007 892.300.000 3.6%
2008 1.297.900.000 31.25%
2009 1.454.100.000 10.74%
2010 1.624.100.000 10.47%
2011 1.796.700.000 9.61%
2012 2.052.400.000 12.46%
2013 2.133.900.000 3.82%
2014 2.749.600.000 22.39%
2015 3.084.700.000 10.86%
2016 3.013.400.000 -2.37%
2017 3.011.800.000 -0.05%
2018 3.009.200.000 -0.09%
2019 3.147.200.000 4.38%
2020 3.284.400.000 4.18%
2021 3.488.700.000 5.86%
2022 3.497.300.000 0.25%
2023 3.248.100.000 -7.67%
2023 3.957.900.000 17.93%
2024 3.265.700.000 -21.2%

ALLETE, Inc. Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
26.68
Net Income per Share
3.83
Price to Earning Ratio
16.7x
Price To Sales Ratio
2.4x
POCF Ratio
8.58
PFCF Ratio
25.4
Price to Book Ratio
1.31
EV to Sales
3.54
EV Over EBITDA
11.19
EV to Operating CashFlow
12.68
EV to FreeCashFlow
37.5
Earnings Yield
0.06
FreeCashFlow Yield
0.04
Market Cap
3,70 Bil.
Enterprise Value
5,46 Bil.
Graham Number
64.93
Graham NetNet
-52.56

Income Statement Metrics

Net Income per Share
3.83
Income Quality
2.1
ROE
0.08
Return On Assets
0.03
Return On Capital Employed
0.03
Net Income per EBT
1.32
EBT Per Ebit
0.82
Ebit per Revenue
0.11
Effective Tax Rate
0.12

Margins

Sales, General, & Administrative to Revenue
0
Research & Developement to Revenue
0
Stock Based Compensation to Revenue
0.01
Gross Profit Margin
0.19
Operating Profit Margin
0.11
Pretax Profit Margin
0.09
Net Profit Margin
0.11

Dividends

Dividend Yield
0.04
Dividend Yield %
4.36
Payout Ratio
0.72
Dividend Per Share
2.79

Operating Metrics

Operating Cashflow per Share
7.46
Free CashFlow per Share
2.52
Capex to Operating CashFlow
0.66
Capex to Revenue
0.18
Capex to Depreciation
1.1
Return on Invested Capital
0.03
Return on Tangible Assets
0.03
Days Sales Outstanding
31.54
Days Payables Outstanding
27.35
Days of Inventory on Hand
53.57
Receivables Turnover
11.57
Payables Turnover
13.35
Inventory Turnover
6.81
Capex per Share
4.93

Balance Sheet

Cash per Share
0,72
Book Value per Share
58,85
Tangible Book Value per Share
56.16
Shareholders Equity per Share
48.9
Interest Debt per Share
32.46
Debt to Equity
0.64
Debt to Assets
0.27
Net Debt to EBITDA
3.61
Current Ratio
1.45
Tangible Asset Value
3,24 Bil.
Net Current Asset Value
-2,83 Bil.
Invested Capital
5383100000
Working Capital
0,13 Bil.
Intangibles to Total Assets
0.02
Average Receivables
0,14 Bil.
Average Payables
0,09 Bil.
Average Inventory
183500000
Debt to Market Cap
0.48

Dividends

Dividends in stock investing are like rewards that companies give to their shareholders. They are a portion of the company's profits distributed to investors, typically in the form of cash payments, as a way for them to share in the company's success.

ALLETE, Inc. Dividends
Year Dividends Growth
1988 2
1989 2 0%
1990 2 0%
1991 2 0%
1992 2 0%
1993 2 0%
1994 2 50%
1995 2 0%
1996 2 0%
1997 2 0%
1998 2 0%
1999 1 -100%
2000 1 0%
2001 1 0%
2002 1 0%
2003 1 0%
2004 6 83.33%
2005 1 -500%
2006 1 0%
2007 2 0%
2008 2 0%
2009 2 0%
2010 2 0%
2011 2 0%
2012 2 0%
2013 2 0%
2014 2 0%
2015 2 50%
2016 2 0%
2017 2 0%
2018 2 0%
2019 2 0%
2020 2 0%
2021 3 0%
2022 3 0%
2023 3 0%
2024 2 0%

ALLETE, Inc. Profile

About ALLETE, Inc.

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. 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 145,000 retail customers and 15 non-affiliated municipal customers. It also owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illinois. In addition, the company focuses on developing, acquiring, and operating clean and renewable energy projects; and owns and operates approximately 1,000 megawatts of wind energy generation facility. Further, it is involved in the coal mining operations in North Dakota; and real estate investment activities in Florida. The company owns and operates 158 substations with a total capacity of 10,066 megavolt amperes. It 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.

CEO
Ms. Bethany M. Owen
Employee
1.564
Address
30 West Superior Street
Duluth, 55802-2093

ALLETE, Inc. Executives & BODs

ALLETE, Inc. Executives & BODs
# Name Age
1 Mr. Matthew Hankey
President & Chief Executive Officer of New Energy Equity
70
2 Mr. Frank Frederickson
Vice President of Customer Experience- Minnesota Power
70
3 Mr. Rob Sandstrom
President of Superior Water, Light & Power
70
4 Ms. Bethany M. Owen
Chair, Chief Executive Officer & President
70
5 Mr. Joshua J. Skelton
Vice President & Chief Operating Officer of Minnesota Power
70
6 Ms. Nicole Renee Johnson
Vice President & President of Allete Clean Energy
70
7 Mr. Vincent J. Meyer
Vice President of Investor Relations
70
8 Ms. Julie L. Padilla
Vice President, Chief Legal Officer & Secretary
70
9 Mr. Steven Wayne Morris
Senior Vice President & Chief Financial Officer
70

ALLETE, Inc. Competitors