Allete
About: ALLETE Inc provides competitively-priced energy in America's Upper Midwest region and invests in transmission infrastructure and other energy-centric businesses. The company has two reportable segments. The first segment is Regulated Operations, which includes the company's regulated utilities, Minnesota Power and SWL&P, as well as its investment in ATC. ATC is a regulated utility based in Wisconsin that owns and maintains electric transmission assets in parts of Wisconsin, Michigan, Minnesota, and Illinois. The second segment is ALLETE Clean Energy, which focuses on developing, acquiring, and operating clean and renewable energy projects.
Employees: 1,638
0
Funds holding %
of 7,296 funds
–
Analysts bullish %
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
158% more call options, than puts
Call options by funds: $611K | Put options by funds: $237K
25% more funds holding in top 10
Funds holding in top 10: 4 [Q4 2024] → 5 (+1) [Q1 2025]
16% more repeat investments, than reductions
Existing positions increased: 119 | Existing positions reduced: 103
2% more capital invested
Capital invested by funds: $2.71B [Q4 2024] → $2.77B (+$60.6M) [Q1 2025]
0.61% more ownership
Funds ownership: 72.39% [Q4 2024] → 73.01% (+0.61%) [Q1 2025]
6% less first-time investments, than exits
New positions opened: 45 | Existing positions closed: 48
2% less funds holding
Funds holding: 341 [Q4 2024] → 333 (-8) [Q1 2025]
Research analyst outlook
We haven’t received any recent analyst ratings for ALE.
Financial journalist opinion
Neutral
Business Wire
1 month ago
ALLETE, Inc. Reports First Quarter 2025 Earnings
DULUTH, Minn.--(BUSINESS WIRE)--ALLETE, Inc. (NYSE: ALE) today reported first quarter 2025 earnings of 97 cents per share on net income of $56.1 million. Last year's first quarter results were 88 cents per share on net income of $50.7 million. Net income in 2025 includes transaction expenses of $2.1 million after-tax, or 4 cents per share, related to the announced merger. Net income in the first quarter of 2024 included transaction expenses of $1.2 million after-tax, or 2 cents per share. “Our.
Neutral
Business Wire
1 month ago
ALLETE Board of Directors Declares Dividend on Common Stock
DULUTH, Minn.--(BUSINESS WIRE)--The ALLETE, Inc. (NYSE:ALE) board of directors has declared a quarterly dividend of 73 cents per share of common stock. On an annual basis, the dividend is equivalent to $2.92 per share, unchanged from the previous quarter. The regular quarterly dividend is payable June 1 to common stock shareholders of record at the close of business May 15, 2025. ALLETE, Inc. is an energy company headquartered in Duluth, Minnesota. In addition to its electric utilities, Minneso.
Neutral
Business Wire
1 month ago
ALLETE to Announce First Quarter Financial Results May 08
DULUTH, Minn.--(BUSINESS WIRE)--ALLETE Inc. (NYSE:ALE) will announce its financial results for the first quarter before the stock markets open on Thursday, May 08, 2025. ALLETE, Inc. is an energy company headquartered in Duluth, Minnesota. In addition to its electric utilities, Minnesota Power and Superior Water, Light and Power of Wisconsin, ALLETE owns ALLETE Clean Energy, based in Duluth; BNI Energy in Bismarck, N.D.; and New Energy Equity, headquartered in Annapolis, Maryland; and has an 8%.
Neutral
Business Wire
1 month ago
ALLETE recognized for commitment to women in leadership roles
DULUTH, Minn.--(BUSINESS WIRE)--ALLETE, Inc. (NYSE:ALE) has been named an Honor Roll Company of Special Distinction in the 2024 Minnesota Census of Women in Corporate Leadership.
Neutral
PRNewsWire
2 months ago
New Energy Equity Announces Leadership Transition: Josh Kunkel to Succeed Matt Hankey as CEO
ANNAPOLIS, Md. , April 9, 2025 /PRNewswire/ -- New Energy Equity, a subsidiary of ALLETE, Inc. (NYSE: ALE), announced today that Josh Kunkel, current president of New Energy Equity, will be promoted to Chief Executive Officer as part of a planned transition effective June 1, 2025.
Neutral
PRNewsWire
2 months ago
New Energy Equity's Lift as We Climb Foundation Donates $100,000 to Civic Works to Expand Solar Access in Baltimore
ANNAPOLIS, Md. , March 25, 2025 /PRNewswire/ -- New Energy Equity's Lift as We Climb Foundation has donated $100,000 to Civic Works, a Baltimore-based nonprofit, to support its mission of expanding solar access for local households.
Neutral
Business Wire
3 months ago
Wisconsin Regulators Approve Proposed ALLETE Transaction With Canada Pension Plan Investment Board and Global Infrastructure Partners
DULUTH, Minn.--(BUSINESS WIRE)--ALLETE, Inc. (NYSE: ALE) announced that the Public Service Commission of Wisconsin (PSCW) today approved the company's proposed transaction with Canada Pension Plan Investment Board (CPP Investments) and Global Infrastructure Partners (GIP). “The PSCW's decision brings us another step closer to completing this transaction for the benefit of our customers, our communities, and our employees after the resounding approval from our shareholders last year as well as t.
Neutral
Business Wire
3 months ago
ALLETE Names Jeff Scissons Chief Financial Officer
DULUTH, Minn.--(BUSINESS WIRE)--ALLETE, Inc. (NYSE: ALE) announced today that ALLETE Vice President and Corporate Treasurer Jeff Scissons has been promoted to chief financial officer. He succeeds Steven W. Morris, who recently announced his plan to retire in July. Scissons joined the company in 2013 and was promoted to ALLETE vice president and corporate treasurer in 2024 after serving in key strategic roles throughout his tenure. Over a dozen years at ALLETE, he led various strategic initiativ.
Neutral
PRNewsWire
3 months ago
New Energy Equity Partners with Harlem Consolidated School District on 5.54 MWdc Community Solar Project
ANNAPOLIS, Md. , March 6, 2025 /PRNewswire/ -- New Energy Equity, a national leader in developing and financing community and commercial solar projects, is pleased to announce a new partnership with the Harlem Consolidated School District to bring a 5.54 MWdc solar energy project to the district in Illinois.
Neutral
Business Wire
4 months ago
ALLETE, Inc. Reports 2024 Earnings
DULUTH, Minn.--(BUSINESS WIRE)--ALLETE, Inc. (NYSE: ALE) today reported 2024 earnings of $3.10 per share on net income of $179.3 million and operating revenue of $1.5 billion. Reported results from 2023 were $4.30 per share on net income of $247.1 million and operating revenue of $1.9 billion. Results for 2024 reflect approximately 39 cents per share of transaction expenses related to the merger agreement entered into May 5, 2024, with Canada Pension Plan Investment Board and Global Infrastruct.
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