ALLETE, Inc. (ALE)

US — Utilities Sector
Peers: AVA  BKH  MNTK  ELP  NWE  AESC  OTTR  AES  BIP  UTL  CIG  EONGY 

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Key Metrics & Ratings

  • symbol ALE
  • Rev/Share 26.3679
  • Book/Share 58.5199
  • PB 1.3194
  • Debt/Equity 0.6724
  • CurrentRatio 1.2556
  • ROIC 0.0236

 

  • MktCap 3786824013.0
  • FreeCF/Share 1.0104
  • PFCF 64.732
  • PE 20.4735
  • Debt/Assets 0.2806
  • DivYield 0.0439
  • ROE 0.065

 

  • Rating B-
  • Score 2
  • Recommendation Sell
  • P/E Score 2
  • DCF Score 1
  • P/B Score 3
  • D/E Score 3

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
No ratings available.

News

ALLETE, Inc. Reports First Quarter 2025 Earnings
ALE
Published: May 08, 2025 by: Business Wire
Sentiment: Neutral

DULUTH, Minn.--(BUSINESS WIRE)--ALLETE, Inc. (NYSE: ALE) today reported first quarter 2025 earnings of 97 cents per share on net income of $56.1 million. Last year's first quarter results were 88 cents per share on net income of $50.7 million. Net income in 2025 includes transaction expenses of $2.1 million after-tax, or 4 cents per share, related to the announced merger. Net income in the first quarter of 2024 included transaction expenses of $1.2 million after-tax, or 2 cents per share. “Our.

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image for news ALLETE, Inc. Reports First Quarter 2025 Earnings

About ALLETE, Inc. (ALE)

  • IPO Date 1973-05-03
  • Website https://www.allete.com
  • Industry Diversified Utilities
  • CEO Ms. Bethany M. Owen
  • Employees 1595
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.