ALE Allete Dashboard

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, U.S. Water Services, and Corporate and Other. 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 Corporate and Other segment consists of other business development and corporate expenditure of the firm. The company was founded in 1906 and is headquartered in Duluth, MN.

Company profile

Ticker

ALE

Exchange

NYSE

Website

www.allete.com/

CEO

Bethany M. Owen

Incorporated

Minnesota

Location

Minnesota

Fiscal year end

Dec 31

Sector

Utilities > Nuclear Electric Power Generation

Industry (SIC)

Electric & Other Services Combined

Duke Energy • Pacific Gas & Electric • PG&E • LG&E & KU Energy • Consolidated Edison • Consolidated Edison Co Of New York • San Diego Gas & Electric • Public Service Electric & Gas • Public Service Enterprise • Xcel Energy ...

Former names

ALLETE, MINNESOTA POWER & LIGHT CO, MINNESOTA POWER INC

SEC CIK

0000066756

Corporate docs

Articles of Incorporation & Bylaws

IRS number

410418150

ALE stock data

S&P 500

1M 1Y 2Y 5Y

News

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Analyzing ALLETE's Ex-Dividend Date

12 May 21

On April 29, 2021, ALLETE (NYSE:ALE) announced shareholders can expect to receive a dividend payable on June 1, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. ALLETE has an ex-dividend date planned for May 13, 2021. The company's current dividend payout sits at $0.63.

Recap: ALLETE Q1 Earnings

6 May 21

Shares of ALLETE (NYSE:ALE) moved higher by 0.1% in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share decreased 14.84% year over year to $1.09, which were in line with the estimate of $1.09.

Earnings Scheduled For May 6, 2021

6 May 21

Companies Reporting Before The Bell • ViacomCBS (NASDAQ:VIAC) is projected to report quarterly earnings at $1.22 per share on revenue of $7.30 billion.

Press releases

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ALLETE Board of Directors Declares Dividend on Common Stock

29 Jul 21

The ALLETE, Inc. (NYSE:ALE) board of directors has declared a quarterly dividend of 63 cents per share of common stock. On an annual basis, the dividend is equivalent to $2.52 per share, unchanged from the previous

ALLETE to Announce Second Quarter Financial Results August 4

9 Jul 21

ALLETE Inc. (NYSE:ALE) will announce its financial results for the second quarter before the stock markets open on Wednesday, August 4, 2021. Following the release, ALLETE Chair, President and Chief Executive Officer

Bethany M. Owen named Chair of ALLETE Board of Directors

11 May 21

The ALLETE Inc. (NYSE:ALE) board of directors has named President and Chief Executive Officer Bethany M. Owen chair of the ALLETE board of directors effective May 11, 2021. This press release features multimedia. View

ALLETE, Inc. Reports First Quarter Earnings of 99 Cents per Share

6 May 21

ALLETE Clean Energy Expands Geographic Reach and Customer Profile With New Wind Development Project in Wisconsin

5 May 21

Investment data

Data from SEC filings

Securities sold

Number of investors

Calendar

5 May 21

31 Jul 21

31 Dec 21

Financial summary

Financial statements Chart ALE financial data

Quarter (USD)	Mar 21	Dec 20	Sep 20	Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 20	Dec 19	Dec 18	Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
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Cash on hand
Change in cash
Diluted EPS

Financial data from Allete earnings reports.

Recent insider trades

ALE insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	#Shares	#Remaining
1 Jun 21	Dindo Kathryn W	Common Stock	Grant	Aquire A	No	No	1,334.67	19,593.04
1 Jun 21	Goldfarb George G	Common Stock	Grant	Aquire A	No	No	1,334.67	14,881
1 Jun 21	Ludlow Madeleine W	Common Stock	Grant	Aquire A	Yes	No	1,334.67	13,978.41
1 Jun 21	Jimmerson Heidi E	Common Stock	Grant	Aquire A	No	No	1,334.67	26,175.22
1 Jun 21	Hoolihan James J	Common Stock	Grant	Aquire A	No	No	1,334.67	19,017.91

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q1 2021

ALE institutional ownership history Ownership history

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

72.7% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	267	264	+1.1%
Opened positions	39	43	-9.3%
Closed positions	36	35	+2.9%
Increased positions	84	82	+2.4%
Reduced positions	86	89	-3.4%

13F shares	Current	Prev Q	Change
Total value	2.55B	3.3B	-22.6%
Total shares	37.92M	37.48M	+1.2%
Total puts	4.2K	8.4K	-50.0%
Total calls	9.8K	14K	-30.0%
Total put/call ratio	0.4	0.6	-28.6%

Largest owners	Shares	Value	Change
BLK Blackrock	6.4M	$430.15M	+6.0%
Vanguard	5.22M	$350.88M	+1.7%
STT State Street	1.82M	$122.35M	+2.9%
Victory Capital Management	1.23M	$82.78M	-4.4%
MCQEF Macquarie	1.21M	$81.34M	+5.4%
PFG Principal Financial Group Inc - Registered Shares	1.1M	$73.92M	-13.2%
First Trust Advisors	947.11K	$63.64M	-5.8%
Aristotle Capital Boston	928.99K	$62.42M	-3.1%
GS Goldman Sachs	869.94K	$58.45M	-3.9%
Geode Capital Management	860.46K	$57.81M	+6.8%

Largest transactions	Shares	Bought/sold	Change
BAM Brookfield Asset Management	767.33K	+767.33K	NEW
Maple-Brown Abbott	0	-742.54K	EXIT
BLK Blackrock	6.4M	+364.99K	+6.0%
FMR	699.26K	+344.11K	+96.9%
Massachusetts Financial Services	443.23K	-330.99K	-42.8%
Deprince Race & Zollo	300.14K	+295.24K	+6025.4%
IVZ Invesco	308.3K	+245.11K	+387.9%
Russell Investments	401.19K	+229.49K	+133.7%
Foundry Partners	52.72K	-199.79K	-79.1%
PFG Principal Financial Group Inc - Registered Shares	1.1M	-167.88K	-13.2%

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

Management Discussion

Net income attributable to ALLETE in 2020 was $174.2 million, or $3.35 per diluted share, compared to $185.6 million, or $3.59 per diluted share, in 2019. Net income in 2020 included reserves for interim rates of $8.3 million after-tax, or $0.16 per share, for the refund of interim rates collected through April 30, 2020, resulting from the MPUC’s approval of the resolution of Minnesota Power’s 2020 general rate case. (See Note 4. Regulatory Matters.) Net income in 2019 included the gain on sale of U.S. Water Services of $13.2 million after-tax, or $0.26 per share, and U.S. Water Services results of operations amounted to a net loss of $1.1 million after-tax, or $0.02 per share. Earnings per share dilution in 2020 was $0.02 due to additional shares of common stock outstanding as of December 31, 2020.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	7th grade Avg

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From filing 10-Q 2021 Q1