Breakdown | ||||
Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
---|---|---|---|---|
Income Statement | Total Revenue | |||
1.53B | 1.88B | 1.57B | 1.42B | 1.17B | Gross Profit |
1.17B | 489.90M | 446.80M | 453.50M | 424.80M | EBIT |
160.10M | 180.90M | 134.20M | 151.30M | 150.90M | EBITDA |
486.30M | 539.40M | 417.50M | 411.70M | 405.50M | Net Income Common Stockholders |
179.30M | 247.10M | 131.30M | 169.20M | 174.20M |
Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
32.80M | 71.90M | 36.40M | 45.10M | 44.30M | Total Assets |
6.75B | 6.66B | 6.85B | 6.43B | 6.08B | Total Debt |
1.80B | 1.79B | 1.93B | 1.99B | 1.82B | Net Debt |
1.77B | 1.72B | 1.90B | 1.95B | 1.77B | Total Liabilities |
3.36B | 3.25B | 3.50B | 3.49B | 3.28B | Stockholders Equity |
2.85B | 2.81B | 2.69B | 2.41B | 2.29B |
Cash Flow | Free Cash Flow | |||
102.20M | 314.10M | 800.00K | -209.80M | -418.00M | Operating Cash Flow |
457.10M | 585.30M | 221.30M | 263.50M | 299.80M | Investing Cash Flow |
-340.70M | -283.60M | -384.00M | -485.20M | -812.80M | Financing Cash Flow |
-140.60M | -262.50M | 155.20M | 204.20M | 485.70M |
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
---|---|---|---|---|---|---|---|
71 Outperform | $3.46B | 14.65 | 7.94% | 4.63% | 4.31% | 19.33% | |
69 Neutral | $3.31B | 11.26 | 18.38% | 2.44% | -2.68% | -3.73% | |
68 Neutral | $4.30B | 15.14 | 8.02% | 4.43% | 3.28% | -3.49% | |
67 Neutral | $3.78B | 20.46 | 6.49% | 4.36% | -11.15% | -23.41% | |
67 Neutral | $3.16B | 16.70 | 7.25% | 4.88% | 3.14% | -2.66% | |
67 Neutral | $3.37B | 26.08 | 10.62% | 1.93% | 6.03% | 6.15% | |
63 Neutral | $8.63B | 10.24 | 4.67% | 4.35% | 3.78% | -12.74% |
ALLETE, Inc. held its 2025 annual meeting of shareholders on May 13, 2025, where several key decisions were made. All nominees for director were elected, and the advisory vote to approve executive compensation was passed. Additionally, the ALLETE Executive Long-Term Incentive Compensation Plan was approved, and an amendment to the company’s Articles of Incorporation related to Serial Preferred Stock A was ratified. Furthermore, PricewaterhouseCoopers LLP was confirmed as the company’s independent registered public accounting firm for 2025.
The most recent analyst rating on (ALE) stock is a Hold with a $67.00 price target. To see the full list of analyst forecasts on Allete stock, see the ALE Stock Forecast page.
On April 16, 2025, Colin B. Anderson was appointed as ALLETE’s Vice President, Chief Accounting Officer, and Controller. Anderson, who has been with the company since 2021, previously served as Controller and Vice President – ALLETE Tax and Rates. His compensation includes a base salary of $311,725 and a long-term incentive plan opportunity of $125,000, with a mix of restricted stock units and performance share awards. Anderson’s appointment follows the retirement announcement of Steven W. Morris, who remains a Senior Vice President until his planned retirement on July 18, 2025.
On March 11, 2025, ALLETE, Inc. announced the appointment of Jeffrey J. Scissons as Vice President, Chief Financial Officer, and Corporate Treasurer, succeeding Steven W. Morris, who plans to retire in July 2025. Mr. Scissons has been with ALLETE since 2013, holding various leadership roles, including Vice President and Corporate Treasurer, and brings extensive experience in corporate development and clean energy strategy.