ALLETE, Inc. (ALE) Stock

About ALLETE, Inc.

ALLETE, Inc., an energy enterprise established in 1906 and headquartered in Duluth, Minnesota (originally known as Minnesota Power, Inc. until its name change in May 2001), conducts its business through Regulated Operations, ALLETE Clean Energy, and Corporate and Other segments. The company produces electricity utilizing diverse sources such as coal-fired, biomass co-fired/natural gas, hydroelectric, wind, and solar technologies. It delivers regulated utility services, providing electricity to approximately 145,000 retail customers and 15 non-affiliated municipal entities in northeastern Minnesota, alongside serving around 15,000 electric, 13,000 natural gas, and 10,000 water clients in northwestern Wisconsin. ALLETE also owns and maintains a network of electric transmission assets spanning Wisconsin, Michigan, Minnesota, and Illinois, supported by 158 substations with a total capacity of 10,066 megavolt amperes. A key area of its operations is the ALLETE Clean Energy segment, which concentrates on the development, acquisition, and management of clean and renewable energy initiatives, including approximately 1,000 megawatts of owned and operated wind generation capacity. Furthermore, the company has interests in coal mining activities in North Dakota and real estate investments in Florida. Its industrial customer base encompasses sectors such as taconite mining, paper and pulp production, secondary wood products, and pipelines.

ALLETE, Inc. is headquartered in US.

ALLETE, Inc. (ALE) stock trades at $67.90 with a market capitalization of $3.94B. The stock is valued at a price-to-earnings (P/E) ratio of 34.27, price-to-book of 1.38, price-to-sales of 3.47. Over the past 52 weeks the stock has ranged between $62.38 and $67.99, and currently trades at or near its 52-week high. It pays a dividend yielding 4.30%.

On profitability, ALLETE, Inc. generates a return on equity (ROE) of 4.02%, return on capital employed of 1.49%, an operating margin of 8.86%, a net profit margin of 10.14%.

Official website: www.allete.com

ALLETE, Inc. by the numbers, 2015–2024

Between 2015 and 2024 ALLETE, Inc. reported revenue of $1.5B rising to $1.5B, a change of +3.0% across 10 years. Compounded, revenue has grown 4.3% a year over five years, 2.5% over three, -18.6% over the last twelve months. Net profit rose to $179.0M.

Operating margin went from 16.9% in 2015 to 10.5% in 2024, a fall of 6.5 percentage points. The most recent net margin is 10.14%. On a trailing twelve-month basis to Sep '25, revenue is $1.5B and net profit $166.0M.

Borrowings rose from $1.6B to $1.8B, cash on hand is $78.7M, cash from operations was $457.0M in the latest year, positive in 10 of the last 10.

Return on equity has averaged 7.3% over five years, and was 6.3% in the most recent year.

The share price itself has compounded at —% a year over five years, —% over three, —% over the last year. Past price movement is history, not a forecast.

Figures are as reported and in the company's own reporting currency. They describe what has already happened and carry no implication about what follows.

ALLETE, Inc. (ALE) — frequently asked questions