ALLETE Inc

ALLETE Inc

ALE - NEW YORK STOCK EXCHANGE, INC.

Industry: Utilities

Market Cap: 3.8 B

IPO Date: May 22, 1981

Country: US

Currency: USD

Shares Outstanding: 58.0 M

Dividend Champion, Contender, And Challenger Highlights: Week Of May 11

5/10/2025

See here for weekly updates on Dividend Champions, Contenders & Challengers. Find dividend changes, ex-dividend dates & payment schedules.

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Source: SeekingAlpha

Allete: Q1 Earnings Snapshot

5/8/2025

The Duluth, Minnesota-based company said it had net income of 97 cents per share. Earnings, adjusted for non-recurring costs, came to $1.01 per share. The power company owner posted revenue of $400.2 million in the period.

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ALLETE, Inc. Reports First Quarter 2025 Earnings

5/8/2025

DULUTH, Minn., May 08, 2025--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.

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ALLETE, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2025

5/8/2025

ALLETE, Inc. reported earnings results for the first quarter ended March 31, 2025. For the first quarter, the company reported sales was USD 400.2 million compared to USD 403.3 million a year ago....

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Source: Finnhub

Allete Inc Files For Mixed Shelf Size Not Disclosed - SEC Filing

5/6/2025

ALLETE Inc: * ALLETE INC FILES FOR MIXED SHELF; SIZE NOT DISCLOSED - SECFILINGSource text:Further company coverage: ...

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Why Agree Realty, LCI Industries, And Allete Are Winners For Passive Income

4/28/2025

Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. Agree Realty, LCI Industries, and Allete have rewarded shareholders for years and recently announced dividend increases. These companies currently offer dividend yields of up to nearly 6%. Agree Realty Agree Realty (NYSE:ADC) is a real estate investment trust that acquires and develops properties net leased to industry-leading, omnichannel retail tenants. Don't Miss: Deloi

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ALLETE Board of Directors Declares Dividend on Common Stock

4/28/2025

DULUTH, Minn. - The ALLETE, Inc. 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,...

News

Source: Finnhub

ALLETE to Announce First Quarter Financial Results May 08

4/24/2025

ALLETE Inc. 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....

News

Source: Finnhub

ALLETE recognized for commitment to women in leadership roles

4/15/2025

DULUTH, Minn., April 15, 2025--ALLETE, Inc. (NYSE:ALE) has been named an Honor Roll Company of Special Distinction in the 2024 Minnesota Census of Women in Corporate Leadership.

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New Energy Equity Announces Leadership Transition: Josh Kunkel to Succeed Matt Hankey as CEO

4/9/2025

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. Co-founder and current CEO, Matt Hankey will be taking on a new role at ALLETE as Emerging Technologies Officer, focusing on broad initiatives across the ALLETE family of companies, while remaining on the New Energy Equity Board of Directors.

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How Hormel Foods, ALLETE, And Alliant Energy Can Put Cash In Your Pocket

3/29/2025

Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. Hormel Foods, ALLETE, and Alliant Energy have rewarded shareholders for years and recently announced dividend increases. These companies currently offer dividend yields of around 3-4%. Hormel Foods Hormel Foods Corporation (NYSE:HRL) develops, processes, and distributes various meat, nuts, and other food products to foodservice, convenience store, and commercial customers

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New Energy Equity's Lift as We Climb Foundation Donates $100,000 to Civic Works to Expand Solar Access in Baltimore

3/25/2025

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. The funds were raised during the Lift As We Climb Foundation's annual charity golf tournament in October 2024 and will directly impact families in Baltimore City by improving access to clean, affordable energy.

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Wisconsin Regulators Approve Proposed ALLETE Transaction With Canada Pension Plan Investment Board and Global Infrastructure Partners

3/13/2025

DULUTH, Minn., March 13, 2025--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).

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ALLETE Names Jeff Scissons Chief Financial Officer

3/11/2025

DULUTH, Minn., March 11, 2025--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.

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New Energy Equity Partners with Harlem Consolidated School District on 5.54 MWdc Community Solar Project

3/6/2025

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.

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How Fifth Third Bancorp, ALLETE, And S&T Bancorp Can Put Cash In Your Pocket

2/27/2025

Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. Fifth Third Bancorp, ALLETE, and S&T Bancorp have rewarded shareholders for years and recently announced dividend increases. ...

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Dividend Champion, Contender, And Challenger Highlights: Week Of February 23

2/22/2025

Stay updated with weekly dividend changes for Dividend Champions, Contenders & Challengers. Explore ex-dividend dates, pay dates and more.

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Allete: Q4 Earnings Snapshot

2/13/2025

DULUTH, Minn. AP) — Allete Inc. ALE) on Thursday reported fourth-quarter net income of $50.6 million.

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ALLETE, Inc. Reports 2024 Earnings

2/13/2025

DULUTH, Minn., February 13, 2025--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 Infrastruc

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