ALLETE, Inc. engages in the provision of electric and natural gas utility services. It operates through the following business segments: Regulated Operations, ALLETE Clean Energy, U.S. Water Services, and Corporate and Other. The Regulated Operations segment includes regulated utilities; Minnesota Power; SWL&P; and investment in ATC, which regulates utilities that owns and maintains electric transmission assets. The ALLETE Clean Energy segment develops, acquires, and operates clean and renewable energy projects. The U.S. Water Services segment provides integrated water management for industry by combining chemical, equipment, engineering, and service for customized solutions to reduce water and energy usage and improve efficiency. The Corporate and Other segment consists of other business development and corporate expenditure of the firm. The company was founded in 1906 and is headquartered in Duluth, MN.
Company profile
Ticker
ALE
Exchange
Website
CEO
Bethany M. Owen
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
ALLETE, MINNESOTA POWER & LIGHT CO, MINNESOTA POWER INC
SEC CIK
Corporate docs
Subsidiaries
ALLETE Automotive Services, LLC • ALLETE Enterprises, Inc. • ALLETE Clean Energy, Inc. • ACE O&M, LLC • ACE Solar LLC • ACE Wind LLC • ACE Mid-West Holdings, LLC • ACE Gopher Holdings, LLC • ACE Lincoln Heights Holdings, LLC • Cisco Holdings, LLC ...
IRS number
410418150
ALE stock data
Latest filings (excl ownership)
8-K
Departure of Directors or Certain Officers
19 Mar 24
8-K/A
Regulation FD Disclosure
20 Feb 24
8-K
Regulation FD Disclosure
20 Feb 24
10-K
2023 FY
Annual report
20 Feb 24
10-Q
2023 Q3
Quarterly report
1 Nov 23
10-Q
2023 Q2
Quarterly report
7 Aug 23
8-K
Submission of Matters to a Vote of Security Holders
11 May 23
10-Q
2023 Q1
Quarterly report
2 May 23
ARS
2022 FY
Annual report to shareholders
22 Mar 23
DEFA14A
Additional proxy soliciting materials
22 Mar 23
Transcripts
ALE
Earnings call transcript
2023 Q3
2 Nov 23
ALE
Earnings call transcript
2023 Q2
8 Aug 23
ALE
Earnings call transcript
2023 Q1
3 May 23
ALE
Earnings call transcript
2022 Q4
16 Feb 23
ALE
Earnings call transcript
2022 Q3
9 Nov 22
ALE
Earnings call transcript
2022 Q2
7 Aug 22
ALE
Earnings call transcript
2022 Q1
7 May 22
ALE
Earnings call transcript
2021 Q4
16 Feb 22
ALE
Earnings call transcript
2021 Q3
6 Nov 21
ALE
Earnings call transcript
2021 Q3
4 Nov 21
Latest ownership filings
SC 13G/A
VANGUARD GROUP INC
13 Feb 24
4
Patrick L Cutshall
9 Feb 24
4
Nicole Renee Johnson
9 Feb 24
4
Steven Wayne Morris
9 Feb 24
4
Bethany M Owen
9 Feb 24
4
Margaret A Thickens
9 Feb 24
4
Joshua John Skelton
9 Feb 24
4
Bethany M Owen
29 Jan 24
4
Steven Wayne Morris
29 Jan 24
4
Joshua John Skelton
29 Jan 24
Financial summary
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Institutional ownership, Q3 2023
76.4% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 302 |
Opened positions | 28 |
Closed positions | 32 |
Increased positions | 120 |
Reduced positions | 110 |
13F shares | Current |
---|---|
Total value | 2.32 tn |
Total shares | 44.02 mm |
Total puts | 0.00 |
Total calls | 9.20 k |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 7.38 mm | $389.50 bn |
Vanguard | 6.40 mm | $338.07 bn |
STT State Street | 2.27 mm | $119.88 bn |
First Trust Advisors | 1.41 mm | $74.33 bn |
Victory Capital Management | 1.31 mm | $69.16 bn |
FMR | 1.25 mm | $66.23 bn |
MCQEF Macquarie | 1.22 mm | $64.67 bn |
Geode Capital Management | 1.21 mm | $63.77 bn |
Deprince Race & Zollo | 931.50 k | $49.18 bn |
Dimensional Fund Advisors | 864.04 k | $45.62 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
7 Feb 24 | Joshua John Skelton | Common Stock | Payment of exercise | Dispose F | No | No | 58.2 | 1,082.26 | 62.99 k | 6,763.32 |
7 Feb 24 | Joshua John Skelton | Common Stock | Grant | Acquire A | No | No | 0 | 1,801.4 | 0.00 | 7,845.58 |
7 Feb 24 | Bethany M Owen | Common Stock | Payment of exercise | Dispose F | No | No | 58.2 | 6,959.36 | 405.03 k | 32,378.25 |
7 Feb 24 | Bethany M Owen | Common Stock | Grant | Acquire A | No | No | 0 | 14,107.9 | 0.00 | 39,337.62 |
7 Feb 24 | Steven Wayne Morris | Common Stock | Payment of exercise | Dispose F | No | No | 58.2 | 1,822.96 | 106.10 k | 13,857.45 |
7 Feb 24 | Steven Wayne Morris | Common Stock | Grant | Acquire A | No | No | 0 | 3,526.14 | 0.00 | 15,680.41 |
7 Feb 24 | Nicole Renee Johnson | Common Stock | Payment of exercise | Dispose F | No | No | 58.2 | 2,095.62 | 121.97 k | 9,322.14 |
7 Feb 24 | Nicole Renee Johnson | Common Stock | Grant | Acquire A | No | No | 0 | 4,031.33 | 0.00 | 11,417.76 |
7 Feb 24 | Margaret A Thickens | Common Stock | Payment of exercise | Dispose F | No | No | 58.2 | 1,826.09 | 106.28 k | 6,476.08 |
7 Feb 24 | Margaret A Thickens | Common Stock | Grant | Acquire A | No | No | 0 | 3,526.14 | 0.00 | 8,302.17 |
Press releases
ALLETE Recognized for Gender Diversity on Board and Among Executive Officers
16 Apr 24
ALLETE to Announce First Quarter Financial Results May 9
12 Apr 24
New Energy Equity announces Tim Ahrens as Senior Vice President of Development
27 Feb 24
Minnesota Power advances EnergyForward with request for proposals for up to 400 megawatts of wind energy
15 Feb 24
ALLETE to announce 2023 financial results on February 20
7 Feb 24