Allete Inc

ALE

Equity

ISIN null / Valor 1940899

New York Stock Exchange, Inc (2025-11-21)

USD 67.57+0.07%

Allete Inc
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About company

Allete Inc. (NYSE: ALE) is a publicly traded energy company operating across the United States, providing electricity and natural gas services through its regulated utilities. The company invests in energy-focused businesses and transmission infrastructure, with a significant emphasis on developing and producing clean energy sources. Approximately half of Allete's energy delivery is derived from renewable sources, underscoring its commitment to sustainability. Operating within a competitive and dynamic market, Allete maintains a diversified portfolio that includes both utility operations and strategic investments in energy infrastructure projects. The company's governance is managed by a board of directors responsible to its shareholders for guiding its strategic direction and corporate oversight.

Summarized from source with an LLMView SourceSector: Energy

Earnings Per Share

In the second quarter of 2025, Allete Inc achieved earnings of 55 cents per share, down from 57 cents per share in the second quarter of 2024.

Net Income

Net income for Q2 2025 was $31.9 million, a decrease from $33.0 million reported in the second quarter of the previous year.

Dividend Declaration

The board of directors declared a quarterly dividend of 73 cents per share, maintaining the annualized dividend rate at $2.92 per share, consistent with the previous quarter.

Summarized from source with an LLMView Source

Key figures

5.00%1Y

2.85%3Y

20.3%5Y

Performance

6.94%1Y

17.3%3Y

21.0%5Y

Volatility