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Allete Inc
4 own
7 watching
Current Price
$59.57
$-0.37
(-0.62%)
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Market Capitalization
Market Capitalization
3,413.36M
52-Week High
52-Week High
67.45
52-Week Low
52-Week Low
47.77
Average Volume
Average Volume
0.35M
Dividend Yield
Dividend Yield
0.03847
P/E Ratio
P/E Ratio
22.1629
iconMarket Capitalization3,413.36M
icon52-Week High67.45
icon52-Week Low47.77
iconAverage Volume0.35M
iconDividend Yield0.03847
iconP/E Ratio22.1629
What 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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How much money does Allete Inc make?
News & Events about Allete Inc.
Business Wire
1month ago
ALLETE Inc. (NYSE:ALE) has again been included among a group of Minnesota companies recognized for gender diversity in their top leadership ranks. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230419005871/en/ALLETE was named an Honor...
Accesswire
3 months ago
NEW YORK, NY / ACCESSWIRE / February 14, 2023 / Sidoti & Company, LLC announces that its two spring conferences are now open for registration. The March Virtual Small-Cap Conference will take place on Wednesday and Thursday, March 22-23, 2023, and the May Virtual Micro-Cap Conference will...
Business Wire
3 months ago
ALLETE, Inc. (NYSE:ALE) today announced that its Board of Directors has increased the quarterly dividend on the companys common stock to $0.6775 per share, a 4.2% percent increase. This dividend increase reflects the ALLETE Board of Directors confidence in our growth outlook for ALLETE, said ALLETE...
PR Newswire
6 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
7 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...
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Current Price
$59.57
$-0.37
(-0.62%)
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