ALLETE (ALE) Stock Price

ALLETE Price

Delisted
67.90USD-0.06 (-0.09 %)
Last traded price

Revenue has compounded at 3.9% per year over the past 19 years to 1.53 B USD. Earnings per share have grown at 8.7% per year over the last 19 years. ALLETE's net margin stands at 11.7%, down from 14.9% several years earlier. ALLETE currently offers a dividend yield of about 4.15%. The payout ratio is around 91% of earnings. The dividend has grown at 4.4% per year over the past 19 years. Analysts set a median price target of 69.22 USD, implying 1.9% above the current price. Of 6 analysts, 4 rate the stock a buy — an overall Buy consensus. The stock trades about 9% above its 52-week low.

ALLETE stock price

Volume
Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of ALLETE over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how ALLETE stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing ALLETE's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

ALLETE Stock Price History
DateALLETE Price
12/12/202567.90 USD
12/11/202567.96 USD
12/10/202567.71 USD
12/9/202567.75 USD
12/8/202567.47 USD
12/5/202567.61 USD
12/4/202567.60 USD
12/3/202567.65 USD
12/2/202567.58 USD
12/1/202567.63 USD
11/28/202567.62 USD
11/26/202567.58 USD
11/25/202567.52 USD
11/24/202567.50 USD
11/21/202567.57 USD
11/20/202567.52 USD
11/19/202568.51 USD
11/18/202567.41 USD
11/17/202567.45 USD
11/14/202567.50 USD
11/13/202567.41 USD
11/12/202567.53 USD
11/11/202567.55 USD
11/10/202567.42 USD
11/7/202567.43 USD
11/6/202567.32 USD
11/5/202567.31 USD
11/4/202567.34 USD
11/3/202567.34 USD
10/31/202567.33 USD
Access this data via the Eulerpool API

ALLETE Revenue, EBIT, Net Income

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  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2022
1.57 B USD
134.20 M USD
189.30 M USD
Jan 1, 2023
1.88 B USD
180.90 M USD
247.10 M USD
Jan 1, 2024
1.53 B USD
160.10 M USD
179.30 M USD
Jan 1, 2025 (e)
1.97 B USD
270.76 M USD
223.11 M USD
Jan 1, 2026 (e)
2.02 B USD
278.24 M USD
236.45 M USD
Jan 1, 2027 (e)
1.76 B USD
242.04 M USD
270.50 M USD
Jan 1, 2028 (e)
1.92 B USD
263.78 M USD
301.72 M USD
Jan 1, 2029 (e)
2.02 B USD
277.96 M USD
312.12 M USD

ALLETE Income Statement, Balance Sheet, Cash Flow Statement

Last updated Sep 7, 2026, 6:41 PM
 
REVENUEB USD
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB USD
EBITM USD
EBIT MARGIN%
NET INCOMEM USD
NET INCOME GROWTH%
DIV.USD
DIV. GROWTH%
SHARESM
201420152016201720182019202020212022202320242025e2026e2027e2028e2029e
1.141.491.341.421.501.241.171.421.571.881.531.972.021.761.922.02
11.5930.81-9.895.975.57-17.22-5.7321.3910.6419.68-18.6328.652.80-13.018.935.43
32.5731.4934.0632.3530.8435.0836.2731.9228.4126.0232.5032.5032.5032.5032.5032.50
0.370.470.460.460.460.440.420.450.450.490.500.640.660.570.620.66
188.00251.00213.00229.00199.00179.00150.00151.00134.00180.00160.00270.00278.00242.00263.00277.00
16.5516.8915.9116.1413.2814.4412.8310.648.549.5810.4613.7313.7513.7613.7313.71
124.00141.00155.00172.00174.00185.00174.00169.00189.00247.00179.00223.00236.00270.00301.00312.00
19.2313.719.9310.971.166.32-5.95-2.8711.8330.69-27.5324.585.8314.4111.483.65
1.962.022.603.752.242.352.472.522.602.712.822.923.033.14
3.163.0628.7144.23-40.274.915.112.023.174.234.063.553.773.63
47.1049.1050.4051.4051.7051.8052.2052.5057.2057.6058.0058.0058.0058.0058.0058.00
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales ALLETE generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue ALLETE retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare ALLETE's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares ALLETE has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against ALLETE's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

ALLETE stock margins

The ALLETE margin analysis displays the gross margin, EBIT margin, as well as the profit margin of ALLETE. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for ALLETE.
  • 3 Years

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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2020
36.34 %
12.91 %
14.90 %
Jan 1, 2021
31.95 %
10.66 %
11.92 %
Jan 1, 2022
28.45 %
8.54 %
12.05 %
Jan 1, 2023
26.06 %
9.62 %
13.15 %
Jan 1, 2024
32.49 %
10.47 %
11.72 %
Jan 1, 2025 (e)
32.49 %
13.76 %
11.34 %
Jan 1, 2026 (e)
32.49 %
13.76 %
11.69 %
Jan 1, 2027 (e)
32.49 %
13.76 %
15.38 %

ALLETE Stock Revenue, EBIT, Earnings per Share

The ALLETE earnings per share therefore indicates how much revenue ALLETE has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2020
22.40 USD
2.89 USD
3.34 USD
Jan 1, 2021
27.03 USD
2.88 USD
3.22 USD
Jan 1, 2022
27.46 USD
2.35 USD
3.31 USD
Jan 1, 2023
32.64 USD
3.14 USD
4.29 USD
Jan 1, 2024
26.38 USD
2.76 USD
3.09 USD
Jan 1, 2025 (e)
34.04 USD
4.67 USD
3.86 USD
Jan 1, 2026 (e)
34.98 USD
4.80 USD
4.09 USD
Jan 1, 2027 (e)
30.43 USD
4.17 USD
4.68 USD

ALLETE business model & stock analysis

ALLETE Inc. is an American company specializing in the energy industry, headquartered in Duluth, Minnesota. The company was founded in 1906 and has since undergone impressive development. Today, it is a big player in the energy industry and supplies electricity and gas to around half a million customers. Business model ALLETE Inc.'s business model focuses on the distribution of energy products and services. The company operates various business areas, including energy generation and transmission, as well as supply of electricity and gas, alternative energy sources, and technology and engineering services. History ALLETE Inc. was originally founded as "Minnesota Power Company" and initially only provided electricity to customers in Duluth and surrounding communities. Over the years, the company expanded and acquired other utility companies in the Upper Midwest, particularly in Minnesota and Wisconsin. Today, ALLETE Inc. also owns hydrogen and wind energy facilities that promote alternative energy generation. Segments The company has four main business segments, including the energy market, specialty services, renewable energy, and real estate. These business segments are organized to focus on the core business and ensure that the company continues to grow and follow current trends. Each segment has its own objectives. Products and services ALLETE Inc. offers a range of energy products and services, including: Energy - ALLETE Inc. produces and distributes various types of energy, including electricity and gas, and supplies around 50,000 customers in Minnesota and Wisconsin. The company utilizes a portfolio of different energy generation methods. Alternative Energies - ALLETE Inc. invests in alternative energy projects, including hydrogen and wind energy. Hydrogen has the potential to become a key element of clean energy supply, and ALLETE Inc. has already put a hydrogen production facility into operation. The company has also established numerous wind farms, which play a significant role in large corporations. Technology Services - ALLETE Inc. leverages its expertise to develop and offer technological innovations and services for the energy industry. With the growing market and increasing demand for sustainable energy and technology solutions, we see ALLETE Inc. as a key partner in the energy industry in the future. Real Estate - The company is also involved in the real estate business and owns a variety of industrial buildings and properties, mostly in regions that provide strategic value for energy supply. These properties are typically focused on long-term lease agreements, contributing to the maintenance of stable revenue growth. Conclusion: In the energy industry, ALLETE Inc. has not only gained decades of experience but also played a significant role in the clean energy transition and the development of digital technologies. With its various business segments and products, the company achieves solid revenues and is thus one of the key players in the industry in the United States.

ALLETE SWOT Analysis

Strengths

ALLETE Inc has a diverse portfolio of energy businesses, including regulated utilities, renewable energy generation, and energy infrastructure services. This diversification helps mitigate risks and provides multiple revenue streams.

The company has a strong financial position with a solid track record of revenue and earnings growth. ALLETE has consistently delivered positive financial results, allowing it to invest in growth opportunities and provide stable returns to its shareholders.

ALLETE's regulated utilities operate in regions with stable and supportive regulatory frameworks. This helps in generating steady cash flows and reduces regulatory risks.

Weaknesses

ALLETE's dependence on the performance of its regulated utilities exposes it to regulatory and political risks. Changes in regulations or unfavorable regulatory decisions could impact the company's operations and profitability.

The company's renewable energy generation business is subject to market volatility and changes in government policies. Uncertainty around future subsidies and incentives for renewable energy projects could affect ALLETE's ability to expand this segment.

ALLETE operates in a highly competitive industry, which could potentially impact its market share and pricing power.

Opportunities

Increasing demand for clean energy and renewable resources presents growth opportunities for ALLETE. The company can capitalize on this trend by expanding its renewable energy generation capacity and investing in new technologies.

ALLETE can further diversify its energy portfolio by exploring strategic partnerships or acquisitions in related sectors, such as energy storage or energy efficiency solutions.

The ongoing transition towards electric mobility opens up opportunities for ALLETE to invest in charging infrastructure and provide related services.

Threats

Volatility in commodity prices, such as natural gas and coal, could impact ALLETE's profitability, especially in its regulated utilities segment.

Changes in government policies and regulations, including potential shifts in energy priorities or subsidies, may affect ALLETE's business models and profitability.

The COVID-19 pandemic has created uncertainties in the energy market and could impact ALLETE's operations, construction projects, and customer demand.

ALLETE Employees

  • 3 Years

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  • Max

ALLETE Employees
Details
Date
ALLETE Employees
Jan 1, 2017
- Employees
Jan 1, 2018
- Employees
Jan 1, 2019
- Employees
Jan 1, 2020
- Employees
Jan 1, 2021
- Employees
Jan 1, 2022
- Employees
Jan 1, 2023
- Employees
Jan 1, 2024
- Employees

ALLETE Segments

ALLETE Revenue by Segment (1/2)

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  • Max

Regulated Operations
ALLETE Clean Energy
Corporate and Other
U.S. Water Services
Investments and Other
Details
Date
Regulated Operations
ALLETE Clean Energy
Corporate and Other
U.S. Water Services
Investments and Other
Jan 1, 2014
1.00 B USD
0.00 USD
0.00 USD
0.00 USD
133.30 M USD
Jan 1, 2015
991.20 M USD
262.10 M USD
113.30 M USD
119.80 M USD
0.00 USD
Jan 1, 2016
1.00 B USD
80.50 M USD
121.00 M USD
137.50 M USD
0.00 USD
Jan 1, 2017
1.06 B USD
80.50 M USD
123.20 M USD
151.80 M USD
0.00 USD
Jan 1, 2021
1.23 B USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2023
1.24 B USD
418.50 M USD
223.00 M USD
0.00 USD
0.00 USD

ALLETE Revenue by Segment (2/2)

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  • Max

ALLETE Clean Energy
Corporate and Other
U.S. Water Services
Details
Date
ALLETE Clean Energy
Corporate and Other
U.S. Water Services
Jan 1, 2014
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2015
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2016
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2017
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2021
86.90 M USD
104.40 M USD
0.00 USD
Jan 1, 2023
0.00 USD
0.00 USD
0.00 USD

ALLETE Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

ALLETE historical P/E ratio, EBIT multiple, and P/S ratio

ALLETE annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

ALLETE shares outstanding

The number of shares of ALLETE was 58 M in 2025. This indicates how many shares ALLETE is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
  • 3 Years

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  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2020
52.20 M Stocks
Jan 1, 2021
52.50 M Stocks
Jan 1, 2022
57.20 M Stocks
Jan 1, 2023
57.60 M Stocks
Jan 1, 2024
58.00 M Stocks
Jan 1, 2025 (e)
58.00 M Stocks
Jan 1, 2026 (e)
58.00 M Stocks
Jan 1, 2027 (e)
58.00 M Stocks

ALLETE stock splits

In ALLETE's history, there have been no stock splits.

ALLETE Dividend History

36 years of dividend payments

YearAnnual DividendYoY ChangePayments
20252.19USD 22.3%
Feb 14, 20250.73USD 3.5%1/3
May 15, 20250.73USD 0.0%2/3
Aug 15, 20250.73USD 0.0%3/3
20242.82USD 4.1%
20232.71USD 4.2%
20222.60USD 3.2%
20212.52USD 2.0%
20202.47USD 5.1%
20192.35USD 4.9%
20182.24USD 40.2%
20173.75USD 44.0%
20162.60USD 28.7%

ALLETE dividend history and estimates

In 2025, ALLETE paid a dividend amounting to 2.19 USD. Dividend means that ALLETE distributes a portion of its profits to its owners.
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  • Max

Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2020
2.47 USD
0.00 USD
Jan 1, 2021
2.52 USD
0.00 USD
Jan 1, 2022
2.60 USD
0.00 USD
Jan 1, 2023
2.71 USD
0.00 USD
Jan 1, 2024
2.82 USD
0.00 USD
Jan 1, 2025 (e)
2.19 USD
0.73 USD
Jan 1, 2026 (e)
0.00 USD
3.03 USD
Jan 1, 2027 (e)
0.00 USD
3.14 USD

ALLETE dividend payout ratio

In 2025, ALLETE had a payout ratio of 75.65%. The payout ratio indicates the percentage of the company's profits that ALLETE distributes as dividends.
  • 3 Years

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  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2020
74.01 %
Jan 1, 2021
78.19 %
Jan 1, 2022
78.56 %
Jan 1, 2023
63.17 %
Jan 1, 2024
91.22 %
Jan 1, 2025 (e)
75.65 %
Jan 1, 2026 (e)
74.03 %
Jan 1, 2027 (e)
67.11 %

Current ALLETE forecasts and price targets in September 2026

Analyst Price Targets 2026
Δ MOM Price Target
0.00 %
Buy
66.67 % (4)
Hold
33.33 % (2)
Sell
0.00 % (0)
12M Price Target
69.22
Last Price
67.90
Currency
USD
12M Return Potential
1.94 %
LTM Return
0 %

ALLETE Analyst Rating Actions

DateFirmActionRatingReliability
5/16/2024
Mizuho
Mizuho
MaintainedNeutral31
2/21/2024
Wells Fargo
Wells Fargo
MaintainedEqual Weight55
1/22/2024
Guggenheim
Guggenheim
UpgradeSellNeutral30
1/10/2024
Sidoti & Co.
Sidoti & Co.
DowngradeBuyNeutral75
7/21/2023
Mizuho
Mizuho
MaintainedNeutral31
7/7/2023
Guggenheim
Guggenheim
MaintainedSell30
6/27/2023
B of A Securities
B of A Securities
DowngradeNeutralUnderperform64
5/5/2023
B of A Securities
B of A Securities
DowngradeBuyNeutral64
4/6/2023
Sidoti & Co.
Sidoti & Co.
UpgradeNeutralBuy75
1/30/2023
Wells Fargo
Wells Fargo
MaintainedEqual Weight55

Eulerpool Reliability Score (0–100): measures how often a firm’s bullish or bearish calls were directionally correct three months later, blended with the average return following its calls. Every rating we record is stored permanently and scores update continuously; firms with fewer than 3 measured calls are not scored yet.

ALLETE Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
8/5/20260.88USD--USD-2026 Q2
5/6/20261.04USD--USD-2026 Q1
2/11/20261.08USD--USD-2025 Q4
8/7/20250.87USD--USD-2025 Q2
5/1/20241.24USD-440.66 MUSD-2024 Q1
2/14/20240.95USD-462.48 MUSD-2023 Q4
11/7/20230.80USD-404.88 MUSD-2023 Q3
8/1/20230.79USD-339.01 MUSD-2023 Q2
5/3/20231.16USD-358.50 MUSD-2023 Q1
2/14/20231.21USD-412.55 MUSD-2022 Q4
...

EESG©

Eulerpool ESG Scorecard© for the ALLETE stock

78/100
88
Environment
65
Social
80
Governance
E

Environment

20
Scope 1 - Direct Emissions4,317,828.7
Scope 2 - Indirect emissions from purchased energy13,998.18
Scope 3 - Indirect emissions within the value chain
Total CO₂ emissions4,331,826.88
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees23.6
Percentage of women in management
Percentage of Asian employees0.8
Share of Asian management
Percentage of Hispanic/Latino employees0.4
Hispano/Latino Management share
Percentage of Black employees0.7
Black Management Share
Percentage of white employees97.1
White Management Share
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

ALLETE shareholder structure

% Name
12.00412%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
10.86047%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
3.83876%
State Street Investment Management (US)
State Street Investment Management (US)
3.47911%
AQR Capital Management, LLC
AQR Capital Management, LLC
2.46975%
Geode Capital Management, L.L.C.
Geode Capital Management, L.L.C.
1.70072%
Two Sigma Investments, LP
Two Sigma Investments, LP
...

ALLETE Beneficial Ownership Filings (SEC 13D/G)

Free Float
99.7%
Float Shares
-
Shares Outstanding
-
StakeHolderFiling
16.18%
No. of Above Person
No. of Above Person
SEC ↗
11.90%
(1) BlackRock, Inc.
(1) BlackRock, Inc.
SEC ↗
10.31%
The Vanguard Group - 23-1945930
The Vanguard Group - 23-1945930
SEC ↗
7.11%
BlackRock for purposes of Schedule 13G filings.
BlackRock for purposes of Schedule 13G filings.
SEC ↗
3.79%
(Formerly named First Union Corporation)
(Formerly named First Union Corporation)
SEC ↗

ALLETE Executives and Management Board

16 members · avg. age 60 · 44 % women

BO

Ms. Bethany Owen (59)

Chairman of the Board, President, Chief Executive Officer · since 2016

3.72 M USD

Management

SM

Mr. Steven Morris (63)

Senior Vice President

1.58 M USD
NJ

Ms. Nicole Johnson (50)

Vice President, President of ALLETE Clean Energy

1.10 M USD
JS

Mr. Joshua Skelton (45)

Vice President, Chief Operating Officer of Minnesota Power

911,877.00 USD
JS

Mr. Jeffrey Scissons (48)

Chief Financial Officer, Vice President, Corporate Treasurer

720,186.00 USD
CA

Mr. Colin Anderson (49)

Chief Accounting Officer, Vice President, Controller

JP

Ms. Julie Padilla (49)

Vice President, Chief Legal Officer, Corporate Secretary

Board of Directors

SN

Ms. Susan Nestegard (64)

Lead Independent Director

250,000.00 USD
ML

Ms. Madeleine Ludlow (70)

Independent Director

220,000.00 USD
GG

Mr. George Goldfarb (65)

Independent Director

217,000.00 USD
CM

Mr. Charles Matthews (68)

Independent Director

215,000.00 USD
DN

Mr. Douglas Neve (69)

Independent Director

215,000.00 USD
BN

Ms. Barbara Nick (67)

Independent Director

215,000.00 USD

ALLETE Supply Chain

ALLETE Supply Chain

Correlation: how closely stock prices move together

Same directionNo relationOpposite
30 companies
#Nameβ 1YTrend
1
Oshkosh
Customer·Machinery·US
0.75
0.47
0.11
0.25
0.67
0.88
2
MasTec
Supplier·Construction & Engineering·US
0.60
0.86
0.16
0.15
0.60
0.87
2.78
3
MDU Resources Group, Inc.
Supplier·Construction & Engineering·US
0.93
0.76
-0.31
0.26
0.58
0.85
1.74
4
NorthWestern
Customer·Multi-Utilities·US
0.97
0.89
0.43
0.20
0.67
0.84
1.87
5
General Electric
Supplier·Industrial Conglomerates·US
0.89
0.91
0.32
0.29
0.41
0.83
1.45
#Nameβ 1YTrend
1
ArcelorMittal
Customer
0.76
0.82
0.22
0.19
2
WH Group Limited
Customer
0.63
0.49
-0.09
0.06
0.21
3
Nordex SE
Supplier
0.57
0.51
-0.29
-0.24
4
Polymet Mining
Customer·Metals & Mining·US
0.78
0.92
0.58
0.16
0.17
-0.40
5
PolyMet Mining Corp.
Customer
0.40
0.78
0.70
0.25
0.32
-0.33

Frequently asked questions about ALLETE

The business model of ALLETE Inc revolves around providing sustainable energy solutions and services. ALLETE Inc is a diversified energy company, primarily operating in the United States. The company's focus is on generating and distributing reliable energy through its various subsidiaries, including regulated utilities and non-regulated energy businesses. ALLETE Inc primarily serves customers in the sectors of regulated electric utilities, as well as through its subsidiary, ALLETE Clean Energy, which develops and operates renewable energy projects. By emphasizing environmental stewardship, ALLETE Inc aims to support the transition to a cleaner and more sustainable energy future.

ALLETE Inc is primarily active in the energy industry, specifically in the sectors of regulated electric utilities and renewable energy.

ALLETE Inc faces competition from companies such as Xcel Energy, Avista Corporation, and CMS Energy in the market.

ALLETE Inc, founded in 1906, is a leading energy company based in Duluth, Minnesota. With a rich history spanning over a century, the company has evolved from a small utility company to a diversified organization that serves customers across various sectors. ALLETE Inc operates through its two primary business segments: Regulated Operations and Investments and Energy-Centric Non-Regulated Operations. Through its regulated utilities, including Minnesota Power, ALLETE provides reliable electric services to customers in Minnesota and has been actively involved in the transition to cleaner energy sources. The company's non-regulated operations focus on energy infrastructure investments, which contribute to its long-term growth and sustainability goals. ALLETE Inc remains committed to delivering innovative and sustainable energy solutions for its customers and communities it serves.

ALLETE Inc has achieved several significant milestones since its establishment. The company has successfully expanded its energy business and diversified its operations. Notably, ALLETE Inc completed the acquisition of U.S. Water Services in 2015, thereby strengthening its presence in the water industry. Furthermore, the company achieved a major milestone by acquiring the Superior Water, Light and Power Company in 2020, expanding its portfolio in the utility sector. ALLETE Inc has also made significant progress in renewable energy initiatives, such as developing and operating wind energy projects. The company's commitment to sustainable growth and strategic acquisitions has played a crucial role in its notable achievements.

ALLETE Inc is primarily present in the United States.

ALLETE Inc is committed to delivering sustainable energy solutions and enhancing the quality of life in the communities it serves. The company upholds a strong corporate philosophy that emphasizes environmental stewardship, social responsibility, and ethical business practices. ALLETE aims to provide reliable and affordable energy while embracing renewable energy sources to promote a cleaner future. The company's commitment to integrity, teamwork, and innovation drives its operations and decision-making processes. ALLETE Inc strives to create value for its stakeholders by fostering strong customer relationships and investing in community development.

Analysts currently set an average price target of 70.67 USD for the ALLETE stock (median: 69.22 USD), implying +4.1 % versus the latest price. The consensus is based on 6 analyst ratings.

6 analysts currently rate the ALLETE stock: 4 recommend buying, 2 holding and 0 selling. For 2026, analysts expect ALLETE to generate revenue of 2.02 B USD and earnings per share of 4.08 USD.

Converted at the current exchange rate, the ALLETE share trades at 58.47 EUR (67.90 USD).

The ALLETE share (ALE) is listed on 4 stock exchanges, including: NYSE (ALE), Frankfurt (AEBA.F), München (AEBA.MU), Düsseldorf (AEBA.DU).

ALLETE Inc is an energy company based in Duluth, Minnesota. The company was founded in 1906 and has since become a leading provider of energy and water services in the USA. ALLETE has several subsidiaries specializing in regulation, renewable energy, power generation, energy transmission and distribution, and water distribution. One of ALLETE's most well-known subsidiaries is Minnesota Power, which provides electricity services in northern and central Minnesota. Minnesota Power offers various products such as electricity, infrastructure services, energy generation and distribution. The company focuses on innovative technologies to improve operational efficiency, including renewable energies such as wind and solar power, as well as technological innovations like energy-efficient lighting and smart energy management. Another subsidiary of ALLETE is ALLETE Clean Energy, which focuses on renewable energy and wind energy projects. ALLETE Clean Energy operates wind farms in various states and focuses on developing new renewable energy projects. The company collaborates with communities and businesses to help them achieve their sustainable energy goals. ALLETE also owns subsidiaries called Superior Water, Light and Power Company and BNI Energy. Superior Water, Light and Power Company provides water supply and energy supply services in Wisconsin, while BNI Energy focuses on operating coal-fired power plants, coal mining, and transportation in North Dakota. Overall, ALLETE offers a wide range of power generation, transmission, and distribution services, as well as renewable and non-renewable energy sources. The company utilizes innovative technologies to develop efficient and sustainable solutions and provide customers with high-quality energy and water supply services. ALLETE works closely with communities and businesses to support their energy and sustainability goals. In terms of ALLETE's business model, the company is highly diversified, with various subsidiaries specializing in different aspects of energy and water. The company focuses on innovative technologies and environmentally friendly solutions to offer its customers better and more sustainable services. ALLETE also collaborates closely with communities and customers to support their energy and sustainability goals, leading to long-term partnerships and sustainable growth. Overall, ALLETE is a leading energy and water supply company that relies on innovative technologies and sustainability to provide high-quality services that meet the needs of its customers. With its various subsidiaries and wide range of energy and water supply services, the company is well positioned to promote long-term growth and success.

The expected revenue of ALLETE is 2.02 B USD. This figure is based on current financial data and reflects the company's business performance.

The expected profit of ALLETE is 236.45 M USD. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of ALLETE is currently 16.66. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the ALLETE stock.

The price-to-sales ratio (P/S) of ALLETE is currently 1.95. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the ALLETE stock.

The Eulerpool Quality Score for ALLETE is 3/10.

The ISIN of ALLETE is US0185223007. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of ALLETE is A0DJ2T. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of ALLETE is ALE. The ticker symbol is used to trade ALLETE shares on the stock exchange.

Over the past 12 months, ALLETE paid a dividend of 2.82 USD . This corresponds to a dividend yield of about 4.15 %. For the coming 12 months, ALLETE is expected to pay a dividend of 3.14 USD.

The current dividend yield of ALLETE is 4.15 %.

ALLETE pays a dividend, distributed in the months of , , , .

ALLETE paid dividends every year for the past 36 years.

For the upcoming 12 months, dividends amounting to 3.14 USD are expected. This corresponds to a dividend yield of 4.63 %.

ALLETE is assigned to the 'Utilities' sector.

To receive the latest dividend of ALLETE from amounting to 0.73 USD, you needed to have the stock in your portfolio before the ex-date on .

The last dividend was paid out on .

In the year 2025, ALLETE distributed 2.82 USD as dividends.

The dividends of ALLETE are distributed in USD.

All fundamentals and in-depth analysis of ALLETE

Our stock analysis for ALLETE stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of ALLETE. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.