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Last $47.20 USD
Change Today +0.73 / 1.57%
Volume 225.5K
ALE On Other Exchanges
New York
As of 8:04 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

allete inc (ALE) Snapshot

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52 Week High
01/27/15 - $59.73
52 Week Low
10/1/14 - $44.19
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Current Stock Chart for ALLETE INC (ALE)

allete inc (ALE) Related Businessweek News

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allete inc (ALE) Details

ALLETE, Inc. operates as an energy company. The company operates through Regulated Operations, and Investments and Other segments. It generates electricity from coal-fired, hydro, wind, and biomass co-fired facilities. The company provides regulated electric, natural gas, and water services in northwestern Wisconsin to approximately 15,000 electric customers, 12,000 natural gas customers, and 10,000 water customers, as well as regulated utility electric service in northeastern Minnesota to approximately 144,000 retail customers and 16 non-affiliated municipal customers. It also owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illinois. The company owns and operates 174 substations with a capacity of 10,651 megavolt amperes. In addition, it is involved in the coal mining operations in North Dakota; and real estate investment activities in Florida. Further, the company offers seller financing; and holds approximately 5,000 acres of land in Minnesota. It serves industrial clients that comprise taconite mining, iron concentrate, paper, pulp and wood products, and pipeline industries. The company was founded in 1906 and is headquartered in Duluth, Minnesota.

1,581 Employees
Last Reported Date: 02/17/15
Founded in 1906

allete inc (ALE) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $578.4K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $268.5K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $312.6K
Senior Vice President of External Affairs
Total Annual Compensation: $275.2K
Chief Risk Officer and Vice President of Ener...
Total Annual Compensation: $253.4K
Compensation as of Fiscal Year 2014.

allete inc (ALE) Key Developments

ALLETE, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Reaffirms Earnings Guidance for the Full Year 2015

ALLETE, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported operating revenue of $320.0 million compared to $296.5 million a year ago. Operating income was $56.4 million compared to $48.3 million a year ago. Income before non-controlling interest and income taxes was $46.3 million compared to $42.6 million a year ago. Net income was $40.1 million compared to $33.8 million for the same period a year ago. Net income attributable to the company was $39.9 million or $0.85 per diluted share compared to $33.5 million or $0.80 per diluted share a year ago. Book value per common share was $36.28 compared to $33.11 for the same period a year ago. The company is reaffirming earnings guidance to be $3.00 to $3.20 per share, excluding transaction fees, remains unchanged for 2015.

ALLETE, Inc. Declares Quarterly Dividend on Common Stock, Payable on June 1, 2015

ALLETE, Inc. board of directors has declared a quarterly dividend of 50.5 cents per share of common stock. On an annual basis the dividend is equivalent to $2.02 per share, unchanged from the previous quarter. The regular quarterly dividend is payable June 1, 2015 to common stock shareholders of record at the close of business May 15, 2015.

ALLETE, Inc. to Report Q1, 2015 Results on May 07, 2015

ALLETE, Inc. announced that they will report Q1, 2015 results at 10:00 AM, US Eastern Standard Time on May 07, 2015


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Industry Analysis


Industry Average

Valuation ALE Industry Range
Price/Earnings 16.0x
Price/Sales 1.9x
Price/Book 1.3x
Price/Cash Flow 8.4x
TEV/Sales 0.7x

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