ALLETE INC (ALE)

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, and Corporate and Other. The Regulated Operations segment includes regulated utilities, Minnesota Power, SWL&P, and investment in ATC, which regulates utilities that own and maintain electric transmission assets. The ALLETE Clean Energy segment develops, acquires, and operates clean and renewable energy projects. The Corporate and Other segment includes New Energy, South Shore Energy, BNI Energy, ALLETE Properties, a small amount of non-rate base generation, land holdings, and earnings on cash and investments. The company was founded on January 25, 1906 and is headquartered in Duluth, MN.

Address

30 W SUPERIOR ST
DULUTH, MN 55802-2093

Founded

1906

Number of Employees

1,560

Buyback

Buyback Data 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
$ Amount Purchased
($ in 000s )
- - $8,067 - - - - - - - - $8,067
Average Price - - $62.19 - - - - - - - - $62.19
# Shares Purchased - - 129,722 - - - - - - - - 129,722
Buyback Performance 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
Total Return to Date - - 2.9% - - - - - - - - 2.9%
S&P 500 Return to Date - - 168.6% - - - - - - - - 168.6%
Excess Total Return - - -165.7% - - - - - - - - -165.7%
Quartile Rank
Percentile Rank - - 32% - - - - - - - - 44%
Buyback returns calculated using weighted average buyback price over the last 10 years and comparing to current day stock price value. S&P 500 used as benchmark for excess return.

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