Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $50.94 USD
Change Today -0.44 / -0.86%
Volume 344.4K
ALE On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

allete inc (ALE) Snapshot

Open
$51.06
Previous Close
$51.38
Day High
$51.67
Day Low
$50.70
52 Week High
01/27/15 - $59.73
52 Week Low
10/1/14 - $44.19
Market Cap
2.5B
Average Volume 10 Days
263.4K
EPS TTM
$2.99
Shares Outstanding
48.4M
EX-Date
02/11/15
P/E TM
17.0x
Dividend
$2.02
Dividend Yield
3.88%
Current Stock Chart for ALLETE INC (ALE)

allete inc (ALE) Related Businessweek News

No Related Businessweek News Found

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 Mulls Acquisitions

ALLETE, Inc. (NYSE:ALE) is looking for acquisitions. ALLETE, Inc. has filed an has filed a follow-on equity offering and will add the net proceeds from the sale of the securities to its general funds. ALLETE, Inc. uses its general funds for corporate purposes, including, without limitation, capital investments in its existing business, acquisitions made by or on behalf of it or its subsidiaries, to repay short-term borrowings or to repay, redeem or repurchase outstanding debt. ALLETE, Inc. may temporarily invest any proceeds that it does not immediately need.

ALLETE, Inc. Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for Fiscal 2015

ALLETE, Inc. reported consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported operating income of $51.5 million, income before income taxes of $42.8 million, net income of $33.2 million, net income attributable to ALLETE was $32.9 million or $0.73 diluted per share on operating revenue of $290.7 million against operating income of $46.9 million, income before income taxes of $41.4 million, net income of $33.0 million, net income attributable to ALLETE was $33.0 million or $0.82 diluted per share on operating revenue of $268.0 million for the same period a year ago. For the year, the company reported operating income of $188.8 million, income before income taxes of $162.2 million, net income of $125.5 million, net income attributable to ALLETE was $124.8 million or $2.90 diluted per share on operating revenue of $1,136.8 million against operating income of $154.1 million, income before income taxes of $133.4 million, net income of $104.7 million, net income attributable to ALLETE was $104.7 million or $2.63 diluted per share on operating revenue of $1,018.4 million for the same period a year ago. For fiscal 2015, the company expects earnings at a range of between $3 to $3.20 per share and excludes transaction costs associated with the U.S. Water acquisition. Earnings guidance per share has $0.20 to $0.25 of EPS dilution. The company anticipates the effective tax rate for 2015 will be approximately 15%.

ALLETE, Inc. Presents at Williams Capital Group West Coast Utilities Seminar, Mar-18-2015

ALLETE, Inc. Presents at Williams Capital Group West Coast Utilities Seminar, Mar-18-2015 . Venue: Delano Las Vegas, Las Vegas, Nevada, United States.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
ALE:US $50.94 USD -0.44

ALE Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Avista Corp $33.38 USD -0.05
Black Hills Corp $50.14 USD -0.80
IDACORP Inc $61.89 USD -0.20
NorthWestern Corp $52.36 USD -0.32
PNM Resources Inc $27.63 USD +0.04
View Industry Companies
 

Industry Analysis

ALE

Industry Average

Valuation ALE Industry Range
Price/Earnings 17.6x
Price/Sales 2.0x
Price/Book 1.4x
Price/Cash Flow 9.5x
TEV/Sales 0.8x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact ALLETE INC, please visit www.allete.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.