ALLETE, Inc. (ALE)
After hours:
| Previous close | 62.93 |
| Open | 63.20 |
| Bid | 62.94 x 800 |
| Ask | 63.10 x 800 |
| Day's range | 62.93 - 63.42 |
| 52-week range | 49.29 - 65.86 |
| Volume | |
| Avg. volume | 402,695 |
| Market cap | 3.644B |
| Beta (5Y monthly) | 0.74 |
| PE ratio (TTM) | 14.70 |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | 2.82 (4.49%) |
| Ex-dividend date | 14 May 2024 |
| 1y target est | N/A |
- Business Wire
ALLETE, Inc. reports first quarter 2024 earnings
DULUTH, Minn., May 09, 2024--ALLETE, Inc. (NYSE: ALE) today reported first quarter 2024 earnings of 88 cents per share on net income of $50.7 million. Last year’s first quarter results were $1.02 per share on net income of $58.2 million. Net income in 2024 includes interim rate refund reserves of 7 cents per share due to Minnesota Power’s rate case settlement, a 6 cent per share negative impact due to warmer winter weather, and 2 cents per share of transaction expenses related to the recently an
- Business Wire
ALLETE Enters Agreement to be Acquired by a Partnership Led by Canada Pension Plan Investment Board and Global Infrastructure Partners to Advance ‘Sustainability-in-Action’ Strategy
DULUTH, Minn., May 06, 2024--ALLETE, Inc. (NYSE: ALE) and a partnership led by Canada Pension Plan Investment Board ("CPP Investments") and Global Infrastructure Partners ("GIP"), (the "partnership"), today jointly announced that they have entered into a definitive agreement under which the partnership will acquire ALLETE for $67.00 per share in cash, or $6.2 billion including the assumption of debt.
- Business Wire
Minnesota Power Reaches Electric Rate Settlement With State Agencies and Large Power Customers
DULUTH, Minn., May 03, 2024--Minnesota Power, a utility division of ALLETE Inc. (NYSE: ALE), has reached a settlement agreement on its 2024 electric rate proposal with the Minnesota Department of Commerce, Minnesota Attorney General’s Office and Large Power Intervenors.
