ALLETE

ALLETE, Inc. engages in the provision of electric and natural gas utility services. It operates through the following business segments: Regulated Operations, ALLETE Clean Energy, and U.S. Water Services. The Regulated Operations segment includes regulated utilities, Minnesota Power, SWL&P, and investment in ATC, which regulates utilities that own and maintain electric transmission assets. The ALLETE Clean Energy segment develops, acquires, and operates clean and renewable energy projects. The U.S. Water Services segment provides integrated water management for industry by combining chemical, equipment, engineering, and service for customized solutions to reduce water and energy usage and improve efficiency. The company was founded in 1906 and is headquartered in Duluth, MN.

Earnings data Q2 2023

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ALLETE, Inc. engages in the provision of electric and natural gas utility services. It operates through the following business segments: Regulated Operations, ALLETE Clean Energy, and Corporate and Other. The Regulated Operations segment includes regulated utilities, Minnesota Power, SWL&P, and investment in ATC, which regulates utilities that own and maintain electric transmission assets. The ALLETE Clean Energy segment develops, acquires, and operates clean and renewable energy projects. The Corporate and Other segment includes New Energy, South Shore Energy, BNI Energy, ALLETE Properties, a small amount of non-rate base generation, land holdings, and earnings on cash and investments. The company was founded on January 25, 1906 and is headquartered in Duluth, MN.

DULUTH, Minn.--(BUSINESS WIRE)--With momentum on its side, ALLETE Inc.'s (NYSE:ALE) sustainability-in-action strategy is securing the company's place as a national leader in the transition to a clean-energy future, ALLETE Chair, President and CEO Bethany Owen told investors at Tuesday's virtual 2023 Annual Meeting of Shareholders. “ALLETE is once again the No. 1 investor in renewable energy, relative to market capitalization, among all U.S.-based publicly traded utilities,” Owen said. “For the.

ALLETE advances most transformative growth strategy in company history

Allete (ALE) came out with quarterly earnings of $1.02 per share, missing the Zacks Consensus Estimate of $1.19 per share. This compares to earnings of $1.24 per share a year ago.

Allete (ALE) Q1 Earnings Lag Estimates

DULUTH, Minn.--(BUSINESS WIRE)--ALLETE, Inc. (NYSE: ALE) today reported first quarter 2023 earnings of $1.02 per share on net income of $58.2 million. Last year's first quarter results were $1.24 per share on net income of $66.3 million. “The entire ALLETE team's execution of our Sustainability in Action strategy was excellent throughout the quarter, and we are excited about the year ahead,” said ALLETE Chair, President and Chief Executive Officer Bethany Owen. “New Energy is starting the first.

ALLETE, Inc. reports first quarter earnings of $1.02 per share

DULUTH, Minn.--(BUSINESS WIRE)--The ALLETE, Inc. (NYSE:ALE) board of directors has declared a quarterly dividend of 67.75 cents per share of common stock. On an annual basis, the dividend is equivalent to $2.71 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, 2023. ALLETE, Inc. is an energy company headquartered in Duluth, Minnesota. In addition to its electric utilities, Minn.

ALLETE Board of Directors declares dividend on common stock

DULUTH, Minn.--(BUSINESS WIRE)--ALLETE Inc. (NYSE:ALE) has again been included among a group of Minnesota companies recognized for gender diversity in their top leadership ranks. ALLETE has been named as an Honor Roll company with Special Distinction in the 2022 Minnesota Census of Women in Corporate Leadership, produced by St. Catherine University's School of Business.

ALLETE among Minnesota companies honored for gender parity in boardroom, among executive officers

DULUTH, Minn.--(BUSINESS WIRE)--ALLETE Inc. (NYSE:ALE) will announce its financial results for the first quarter before the stock markets open on Wednesday, May 3, 2023. Following the release, ALLETE Chair, President and Chief Executive Officer Bethany M. Owen, and Senior Vice President and Chief Financial Officer Steven W. Morris will present an overview of results and discuss other factors related to performance during a conference call beginning at 10 a.m. Eastern time.

ALLETE to announce first quarter financial results May 3

DULUTH, Minn.--(BUSINESS WIRE)--ALLETE Clean Energy, a wholly owned subsidiary of ALLETE, Inc. (NYSE: ALE), today announced the company has closed on the sale of the Red Barn project to WEC Energy Group utility Wisconsin Public Service Corp. (WPS) and Madison Gas and Electric Co. (MGE). The wind project also began commercial operation this week.

ALLETE Clean Energy closes on sale of Wisconsin wind project to WPS and MGE

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Quantitatively SA Quant currently rates Allete as a Sell. Qualitatively the case can be made Allete is a Hold.

Allete: The Qualitative And The Quantitative

ALLETE, Inc. (NYSE:ALE ) Q4 2022 Earnings Conference Call February 16, 2023 10:00 AM ET Company Representatives Bethany Owen - Chair, President & CEO Steve Morris - Senior Vice President, Chief Financial Officer Frank Frederickson - Minnesota Power's Vice President of Customer Experience and Engineering Services Jeff Scissons - ALLETE Clean Energy's Chief Financial and Strategy Officer Conference Call Participants Richard Sunderland - J.P. Morgan Brian Russo - Sidoti Alex Mortimer - Mizuho Operator Good day, and welcome to the ALLETE Fourth Quarter 2022 Year-End Financial Results Call.

ALLETE, Inc. (ALE) Q4 2022 Earnings Call Transcript

Allete (ALE) delivered earnings and revenue surprises of -18.92% and 4.79%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Allete (ALE) Q4 Earnings Lag Estimates

DULUTH, Minn.--(BUSINESS WIRE)--ALLETE, Inc. (NYSE: ALE) today reported 2022 earnings of $3.38 per share on net income of $189.3 million and operating revenue of $1.6 billion. Reported results from 2021 were $3.23 per share on net income of $169.2 million and operating revenue of $1.4 billion. “I am proud of our many successes and accomplishments throughout 2022, all of which position ALLETE well now and into the future,” said ALLETE Chair, President, and CEO Bethany Owen.

ALLETE, Inc. Reports 2022 Earnings of $3.38 Per Share; Initiates 2023 Earnings Guidance Range of $3.55 to $3.85 Per Share

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Allete and Grid United plan to build a bidirectional 3 GW US East-West Grid connector. The North Plains Connector project represents further investment by Allete on decarbonizing its power services and helping integrate renewables into the US grid.

Allete: Dividend Play, Leading The Renewables Transition

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DULUTH, Minn.--( BUSINESS WIRE )--ALLETE, Inc. (NYSE:ALE) today announced that its Board of Directors has increased the quarterly dividend on the company's common stock to $0.6775 per share, a 4.2% percent increase.

ALLETE Board of Directors raises quarterly common stock dividend

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The heavy selling pressure might have exhausted for Allete (ALE) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

After Plunging -6.45% in 4 Weeks, Here's Why the Trend Might Reverse for Allete (ALE)

DULUTH, Minn.--( BUSINESS WIRE )--ALLETE, Inc. (NYSE:ALE) and Grid United today announced their intent to jointly develop the North Plains Connector, a new, approximately 385-mile high-voltage direct-current (HVDC) transmission line from central North Dakota to Colstrip, Montana.

ALLETE, Grid United join forces to develop key transmission link to enhance reliability of the nation's electric grid

DULUTH, Minn.--( BUSINESS WIRE )--The Minnesota Public Utilities Commission (MPUC) on Monday approved a rate increase of approximately $59 million, or approximately 9%, that Minnesota Power, a utility division of ALLETE Inc. (NYSE: ALE), is allowed to recover through the base rates that it charges to residential and business electric customers. The commission also authorized a return on equity of 9.65% for the company. The decision is subject to a final written order and reconsideration.

Minnesota Public Utilities Commission Sets New Rates for Minnesota Power

DULUTH, Minn.--( BUSINESS WIRE )--ALLETE Inc. (NYSE:ALE) will announce its financial results for 2022 before the stock markets open on Thursday, Feb. 16, 2023.

ALLETE to announce 2022 financial results on Feb. 16

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ALLETE Inc.'s (ALE) rising earnings estimates and a solid investment plan to strengthen its infrastructure make a strong case for adding it to your portfolio.

Reasons to Add ALLETE (ALE) to Your Portfolio Right Now

News for ALLETE Stock (ALE)