ALE ALLETE, Inc.
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 owns and maintains 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.
Company profile
Ticker
ALE
Exchange
Website
CEO
Alan R. Hodnik
Employees
Incorporated in
Location
Fiscal year end
Sector
Industry (SEC)
Former names
Allete, Minnesota Power & Light Co, Minnesota Power Inc
SEC CIK
Corporate docs
IRS number
410418150
ALE stock data
()
Investment data
Securities sold
Number of investors
Calendar
6 Nov 19
12 Dec 19
31 Dec 19
News
Company financial data Financial data
| Quarter (USD) | Sep 19 | Jun 19 | Mar 19 | Dec 18 | |
|---|---|---|---|---|---|
| Revenue | 288.3M | 290.4M | 357.2M | 448.3M | |
| Net income | 31.2M | 34.2M | 70.5M | 61.1M | |
| Diluted EPS | 0.6 | 0.66 | 1.37 | 1.18 | |
| Net profit margin | 10.82% | 11.78% | 19.74% | 13.63% | |
| Operating income | 37M | 36.2M | 56.8M | 64M | |
| Net change in cash | -102.8M | -150.2M | 284.2M | -58.9M | |
| Cash on hand | 100.3M | 203.1M | 353.3M | 69.1M | |
| Cost of revenue | 14.7M | 16.5M | 30.6M | 109.4M |
| Annual (USD) | Dec 18 | Dec 17 | Dec 16 | Dec 15 | |
|---|---|---|---|---|---|
| Revenue | 1.5B | 1.42B | 1.34B | 1.49B | |
| Net income | 174.1M | 172.2M | 155.3M | 141.1M | |
| Diluted EPS | 3.38 | 3.38 | 3.14 | 2.92 | |
| Net profit margin | 11.62% | 12.13% | 11.59% | 9.49% | |
| Operating income | 201.2M | 225.9M | 217M | 210.7M | |
| Net change in cash | -29.8M | 71.4M | -69.5M | -48.8M | |
| Cash on hand | 69.1M | 98.9M | 27.5M | 97M | |
| Cost of revenue | 218M | 147.5M | 137.4M | 294.4M |
Financial data from ALLETE earnings reports
Content analysis
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| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
7th grade Avg
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New words:
LIBOR, reconstruction, standalone
Removed:
concentrate, depreciable, enacted, extended, identified, language, mandate, milestone, reduced, reserved, shortened, test
Financial reports
10-Q
2019 Q3
Quarterly report
6 Nov 19
10-Q
2019 Q2
Quarterly report
1 Aug 19
10-Q
2019 Q1
Quarterly report
2 May 19
10-K
2018 FY
Annual report
14 Feb 19
10-Q
2018 Q3
Quarterly report
1 Nov 18
10-Q
2018 Q2
Quarterly report
2 Aug 18
10-Q
2018 Q1
Quarterly report
2 May 18
10-K
2017 FY
Annual report
15 Feb 18
10-Q
2017 Q3
Quarterly report
1 Nov 17
10-Q
2017 Q2
Quarterly report
2 Aug 17
Current reports
8-K
Regulation FD Disclosure
6 Dec 19
8-K
Submission of Matters to a Vote of Security Holders
16 May 19
8-K
Other Events
3 May 19
8-K
Departure of Directors or Certain Officers
5 Apr 19
8-K
ALLETE closes on $270 million sale of U.S. Water Services to Kurita
27 Mar 19
8-K
Departure of Directors or Certain Officers
6 Mar 19
8-K
Regulation FD Disclosure
14 Feb 19
8-K
Departure of Directors or Certain Officers
14 Feb 19
8-K
Sale proceeds to be reinvested in clean energy opportunities
8 Feb 19
8-K
Departure of Directors or Certain Officers
4 Feb 19
Registration and prospectus
S-3ASR
Automatic shelf registration
31 Jul 19
FWP
Free writing prospectus
7 Jun 19
S-3ASR
Automatic shelf registration
25 Apr 19
S-8
Registration of securities for employees
1 Nov 18
424B3
Prospectus supplement
16 Feb 17
424B7
Prospectus with selling stockholder info
16 Feb 17
424B2
Prospectus for primary offering
5 Aug 16
S-3ASR
Automatic shelf registration
1 Aug 16
S-3ASR
Automatic shelf registration
3 May 16
S-8
Registration of securities for employees
6 Nov 15
Proxies
DEF 14A
Definitive proxy
28 Mar 19
DEF 14A
Definitive proxy
22 Mar 18
DEF 14A
Definitive proxy
23 Mar 17
DEF 14A
Definitive proxy
22 Mar 16
DEF 14A
Definitive proxy
24 Mar 15
DEF 14A
Definitive proxy
25 Mar 14
DEFA14A
Additional proxy soliciting materials
26 Mar 13
DEF 14A
Definitive proxy
26 Mar 13
DEF 14A
Definitive proxy
20 Mar 12
DEFA14A
Additional proxy soliciting materials
20 Mar 12
Other
UPLOAD
Letter from SEC
11 Jul 18
CORRESP
Correspondence with SEC
10 Jul 18
UPLOAD
Letter from SEC
23 May 17
CORRESP
Correspondence with SEC
17 May 17
UPLOAD
Letter from SEC
19 Apr 17
UPLOAD
Letter from SEC
10 Nov 09
CORRESP
Correspondence with SEC
30 Oct 09
UPLOAD
Letter from SEC
30 Sep 09
UPLOAD
Letter from SEC
22 Jan 08
UPLOAD
Letter from SEC
17 Dec 07