Bloomberg Anywhere Login


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.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Last $47.80 USD
Change Today +0.19 / 0.40%
Volume 146.5K
ALE On Other Exchanges
As of 8:04 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

allete inc (ALE) Snapshot

Previous Close
Day High
Day Low
52 Week High
01/27/15 - $59.73
52 Week Low
10/1/14 - $44.19
Market Cap
Average Volume 10 Days
Shares Outstanding
Dividend Yield
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 Announces Earnings Results for the Second Quarter and Cash Flow Results for the Six Months Ended June 30, 2015; Provides Earnings Guidance for the Year 2015

ALLETE announced earnings results for the second quarter and cash flow results for the six months ended June 30, 2015. For the quarter, the company reported net income of $22.5 million, or $0.46 per share compared with $16.8 million, or $0.40 per share a year ago. Operating revenues were $323.3 million compared with $260.7 million for the same period last year. Earnings per share were diluted by $0.07 due to an increase in the number of shares outstanding. This results reflect increases in cost recovery rider revenue, production tax credits and power marketing sales, partially offset by increased depreciation and interest expense. Year-to-date, the company's cash flow from operating activities was $182.3 million. For full year 2015, the company expects earnings to range from $3.20 to $3.40 per share, up from the previous guidance range of $3.00 to $3.20 per share. The company increased estimated annual consolidated effective tax rate to 16.8% from 13.5% at March 31, 2015.

ALLETE Eyes Acquisitions

ALLETE, Inc. (NYSE:ALE) is looking for acquisitions. Steve DeVinck, Chief Financial Officer said, we expect organic revenue growth there of between 10% and 15%, as well it is a somewhat fragment of market, so it has the opportunity to do some bolt-on acquisitions to fill a strategic need. That could be geographic. It could be product line. It could be things like that. So we're excited about it and I think you will see growth on both fronts."

ALLETE, Inc. Declares Regular Quarterly Dividend, Payable on September 1, 2015

The 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 September 1 to common stock shareholders of record at the close of business August 14, 2015.


Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
ALE:US $47.80 USD +0.19

ALE Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Avista Corp $31.70 USD -0.31
Black Hills Corp $40.11 USD +0.31
IDACORP Inc $60.19 USD -0.28
NorthWestern Corp $52.33 USD -0.17
PNM Resources Inc $25.97 USD +0.01
View Industry Companies

Industry Analysis


Industry Average

Valuation ALE Industry Range
Price/Earnings 16.1x
Price/Sales 1.9x
Price/Book 1.3x
Price/Cash Flow 8.1x
TEV/Sales 0.7x

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact ALLETE INC, please visit 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