ALLETE, Inc. operates as an energy company. The company operates through Regulated Operations, ALLETE Clean Energy, and Corporate and Other segments. It generates electricity from coal-fired, biomass co-fired / natural gas, hydroelectric, wind, and solar. The company provides regulated utility electric services in northwestern Wisconsin to approximately 15,000 electric customers, 13,000 natural gas customers, and 10,000 water customers, as well as regulated utility electric services in northeastern Minnesota to approximately 145,000 retail customers and 15 non-affiliated municipal customers. It also owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illinois. In addition, the company focuses on developing, acquiring, and operating clean and renewable energy projects; and owns and operates approximately 1,000 megawatts of wind energy generation facility. Further, it is involved in the coal mining operations in North Dakota; and real estate investment activities in Florida. The company owns and operates 158 substations with a total capacity of 10,066 megavolt amperes. It serves taconite mining, paper, pulp and secondary wood products, pipeline, and other industries. The company was formerly known as Minnesota Power, Inc. and changed its name to ALLETE, Inc. in May 2001. ALLETE, Inc. was incorporated in 1906 and is headquartered in Duluth, Minnesota.
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CEO
Ms. Bethany M. Owen
Employees
1595
Country
US
ISIN
US0185223007
Listings
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FAQ
What is Allete stock price today?▼
The current price of ALE is $67.9 USD — it has decreased by -0.06% in the past 24 hours. Watch Allete stock price performance more closely on the chart.
What is Allete stock ticker?▼
Depending on the exchange, the stock ticker may vary. For instance, on exchange Allete stocks are traded under the ticker ALE.
Is Allete stock price growing?▼
ALE stock has risen by +0% compared to the previous week, the month change is a +0% rise, over the last year Allete has showed a +4.25% increase.
What is Allete revenue for the last year?▼
Allete revenue for the last year amounts to 1.53B USD.
What is Allete net income for the last year?▼
ALE net income for the last year is 179.3M USD.
Does Allete pay dividends?▼
Yes, ALE dividends are paid quarterly. The last dividend per share was 0.73 USD. As of today, Dividend Yield (FWD)% is 4.3%.
How many employees does Allete have?▼
As of April 01, 2026, the company has 1,595 employees.
In which sector is Allete located?▼
Allete operates in the Utilities sector.
When did Allete complete a stock split?▼
The last stock split for Allete was on September 20, 2004 with a ratio of 1:3.