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Allete Inc
3 own
7 watching
Current Price
$61.01
$-0.16
(-0.26%)
1 Week Returns
3 Months Returns
1 Year Returns
Get Started with as little as $1.00
Market Capitalization
3,489.77M
52-Week High
68.46
52-Week Low
47.77
Average Volume
0.29M
Dividend Yield
0.03847
P/E Ratio
22.1629
Market Capitalization3,489.77M52-Week High68.4652-Week Low47.77Average Volume0.29MDividend Yield0.03847P/E Ratio22.1629What does the Allete Inc do?
ALLETE, Inc. operates as an energy company. The company operates through three segments: Regulated Operations, ALLETE Clean Energy, and U.S. Water Services. It generates electricity from coal-fired, natural gas-fired, biomass co-fired, hydroelectric, wind, solar, and other sources. The company provides regulated electric, natural gas, and water 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 service in northeastern Minnesota to approximately 145,000 retail customers and 16 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 535 MW of nameplate capacity wind energy generation that are under power sales agreements. Further, it offers integrated water management for industry by combining chemical, equipment, engineering, and service for customized solutions to reduce water and energy usage. Additionally, the company is involved in the coal mining operations in North Dakota; and real estate investment activities in Florida. The company owns and operates 165 substations with a total capacity of 8,396 megavolt amperes. It serves taconite mining, iron concentrate, paper, pulp and wood products, and pipeline industries. The company was founded in 1906 and is headquartered in Duluth, Minnesota.
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News & Events about Allete Inc.
PR Newswire
2 months ago
New Energy Equity announces promotions of executive leadership team New Energy Equity announces promotions of executive leadership team PR Newswire ANNAPOLIS, Md., Nov. 4, 2022 ANNAPOLIS, Md., Nov. 4, 2022 /PRNewswire/ --New Energy Equity(New Energy), a wholly-owned subsidiary of ALLETE (NYSE...
Business Wire
3 months ago
The ALLETE, Inc. (NYSE:ALE) board of directors has declared a quarterly dividend of 65 cents per share of common stock. On an annual basis, the dividend is equivalent to $2.60 per share, unchanged from the previous quarter. The regular quarterly dividend is payable Dec. 1 to common stock...
Simply Wall St
4 months ago
In order to justify the effort of selecting individual stocks, it's worth striving to beat the returns from a market...
Business Wire
9 months ago
ALLETE Inc. (NYSE:ALE) has been recognized as a company of Special Distinction in a womens corporate leadership census of Minnesotas largest public companies. It is the third consecutive year ALLETE has received the honor. The 2021 Minnesota Census of Women in Corporate Leadership, produced by St...
Business Wire
9 months ago
ALLETE, Inc. (NYSE:ALE), today announced it has closed the previously announced acquisition of New Energy Equity, one of the nations top distributed solar developers, for approximately $165.5 million. New Energy Equity, with headquarters in Annapolis, Maryland, has successfully completed more than...
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Current Price
$61.01
$-0.16
(-0.26%)
1 Week Returns
3 Months Returns
1 Year Returns
Get Started with as little as $1.00
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