Last $50.32 USD
Change Today +0.19 / 0.38%
Volume 177.1K
ALE On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 11/21/14 All times are local (Market data is delayed by at least 15 minutes).

allete inc (ALE) Snapshot

Open
$50.58
Previous Close
$50.13
Day High
$50.67
Day Low
$50.16
52 Week High
11/3/14 - $53.26
52 Week Low
10/1/14 - $44.19
Market Cap
2.2B
Average Volume 10 Days
166.4K
EPS TTM
$3.08
Shares Outstanding
44.5M
EX-Date
11/12/14
P/E TM
16.3x
Dividend
$1.96
Dividend Yield
3.90%
Current Stock Chart for ALLETE INC (ALE)

allete inc (ALE) Related Businessweek News

No Related Businessweek News Found

allete inc (ALE) Details

ALLETE, Inc., together with its subsidiaries, generates, transmits, and distributes electricity in the United States. It operates through Regulated Operations, and Investments and Other segments. The company generates electricity from coal, hydel, wind, and biomass. It is involved in the retail and wholesale of regulated electric, natural gas, and water services. The company provides regulated utility electric services to approximately 143,000 residential and commercial customers and 16 municipalities in Minnesota; and 15,000 electric customers, 12,000 natural gas customers, and 10,000 water customers in northwestern Wisconsin, as well as owns and operates 172 substations with a capacity of 11,110 megavolt amperes. In addition, it is engaged in the coal mining operations in North Dakota; and real estate investment activities in Florida. Further, the company offers seller financing; and holds approximately 5,000 acres of land in Minnesota for non-rate base generation. It industrial clients comprise taconite mining, iron concentrate, paper, pulp and wood products, and pipeline industries. The company was founded in 1906 and is headquartered in Duluth, Minnesota.

1,521 Employees
Last Reported Date: 02/14/14
Founded in 1906

allete inc (ALE) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $560.8K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $294.6K
Senior Vice President of External Affairs
Total Annual Compensation: $266.0K
Chief Risk Officer and Vice President of Ener...
Total Annual Compensation: $246.0K
Compensation as of Fiscal Year 2013.

allete inc (ALE) Key Developments

ALLETE, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Revises Earnings Guidance for the Year 2014

ALLETE, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported operating revenue of $288.9 million against $251.0 million a year ago. Operating income was $60.8 million against $38.4 million a year ago. Income before non-controlling interest and income taxes was $55.0 million against $33.9 million a year ago. Net income attributable to the company was $41.6 million or $0.97 per diluted share against $25.2 million or $0.63 per diluted share a year ago. Book value per share as at September 30, 2014 was $34.37. Compared with a year ago, earnings increased due to cost recovery revenue related to a major wind energy expansion and an environmental retrofit to Minnesota Power's larger electric generating unit, and the recognition of a conservation improvement incentive. For the nine months, the company reported operating revenue of $846.1 million against $750.4 million a year ago. Operating income was $137.3 million against $107.2 million a year ago. Income before non-controlling interest and income taxes was $119.4 million against $92.0 million a year ago. Net income attributable to the company was $91 million or $2.17 per diluted share against $71.7 million or $1.81 per diluted share a year ago. The company now expects its year-end 2014 earnings to be in the upper half of its stated guidance range of $2.75 to $2.95. Effective tax rate will be approximately 23%.

ALLETE, Inc. Declares Dividend on Common Stock, Payable December 1, 2014

ALLETE, Inc. board of directors has declared a quarterly dividend of 49 cents per share of common stock. On an annual basis the dividend is equivalent to $1.96 per share, unchanged from the previous quarter. The regular quarterly dividend is payable December 1 to common stock shareholders of record at the close of business November 14, 2014.

ALLETE, Inc. to Report Q3, 2014 Results on Nov 03, 2014

ALLETE, Inc. announced that they will report Q3, 2014 results at 10:00 AM, US Eastern Standard Time on Nov 03, 2014

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
ALE:US $50.32 USD +0.19

ALE Competitors

Market data is delayed at least 15 minutes.

Company Last Change
AGL Resources Inc $51.91 USD +0.54
Calpine Corp $23.33 USD +0.11
Energen Corp $69.49 USD +1.15
EQT Corp $95.02 USD -1.23
Northwest Natural Gas Co $46.59 USD +0.25
View Industry Companies
 

Industry Analysis

ALE

Industry Average

Valuation ALE Industry Range
Price/Earnings 16.9x
Price/Sales 1.9x
Price/Book 1.4x
Price/Cash Flow 8.8x
TEV/Sales 0.6x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact ALLETE INC, please visit www.allete.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.