ALLETE, Inc.

ALE

US0185223007

Electric Utilities

Market Closed - Nyse Other stock markets 04:00:01 2024-05-23 pm EDT			5-day change	1st Jan Change
62.57 ^USD	-0.64%		-0.67%	+2.31%

May. 16	Mizuho Securities Adjusts Price Target on ALLETE to $67 From $57	MT
May. 09	Sector Update: Energy Stocks Advance in Thursday Afternoon Trading	MT

ALLETE, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024

May 09, 2024 at 06:08 am EDT

ALLETE, Inc. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was USD 403.3 million compared to USD 564.9 million a year ago. Revenue was USD 403.3 million compared to USD 564.9 million a year ago.

Net income was USD 50.7 million compared to USD 58.2 million a year ago. Basic earnings per share from continuing operations was USD 0.88 compared to USD 1.02 a year ago. Diluted earnings per share from continuing operations was USD 0.88 compared to USD 1.02 a year ago.

Latest news about ALLETE, Inc.

Mizuho Securities Adjusts Price Target on ALLETE to $67 From $57	May. 16	MT
Sector Update: Energy Stocks Advance in Thursday Afternoon Trading	May. 09	MT
ALLETE's Q1 Earnings, Revenue Decrease	May. 09	MT
Earnings Flash (ALE) ALLETE Reports Q1 Revenue $403.3M, vs. Street Est of $504.8M	May. 09	MT
ALLETE, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024	May. 09	CI
Sector Update: Energy Stocks Advance Late Monday Afternoon	May. 06	MT
Sector Update: Energy	May. 06	MT
Allete to Go Private in $6.2 Billion Deal	May. 06	MT
ALLETE to be Acquired by Canada Pension Plan Investment Board and Global Infrastructure Partners for $67 Per Share	May. 06	MT
ALLETE to be Bought by CPPIB, GIP for $67 Per Share	May. 06	MT
US utility Allete goes private in $6.2 billion deal	May. 06	RE
ALLETE to be Bought by CPPIB, GIP for $67 Per Share	May. 06	MT
Canada Pension Plan and Global Infra Partners to buy US utility Allete for $6.2 bln	May. 06	RE
Canada Pension Plan Investment Board and Global Infrastructure Management, LLC entered into a definitive agreement to acquire ALLETE, Inc. for $3.9 billion.	May. 05	CI
Minnesota Power reaches electric rate settlement with state agencies, awaits MPUC approval	May. 03	RE
GIP and Canada's CPP near deal for utility group Allete, source says	May. 02	RE
ALLETE, Inc. Declares Quarterly Dividend on Common Stock, Payable on June 1, 2024	Apr. 25	CI
ALLETE, Inc. Announces Retirement of Margaret A. Thickens as Chief Legal Officer and Corporate Secretary, Effective May 31, 2024	Mar. 20	CI
ALLETE, Inc. Provides Earnings Guidance for 2024	Feb. 20	CI
Transcript : ALLETE, Inc., 2023 Earnings Call, Feb 20, 2024	Feb. 20
ALLETE's Q4 Earnings, Revenue Decline; Issues 2024 EPS Guidance	Feb. 20	MT
Earnings Flash (ALE) ALLETE Posts Q4 Revenue $402.7M, vs. Street Est of $425.3M	Feb. 20	MT
North American Morning Briefing : Earnings Back in -2-	Feb. 20	DJ
ALLETE, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Feb. 20	CI
ALLETE, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 20	CI

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Company Profile

ALLETE, Inc. is a clean-energy transformation company that owns, operates and developing wind energy generation to reduce carbon footprint. The Companyâs segments include Regulated Operations and ALLETE Clean Energy. Regulated Operations includes regulated utilities, Minnesota Power, and SWL&P, as well as investment in ATC, a Wisconsin-based regulated utility that owns and maintains electric transmission assets in portions of Wisconsin, Michigan, Minnesota, and Illinois. Minnesota Power provides regulated utility electric service in northeastern Minnesota to approximately 150,000 retail customers. ALLETE Clean Energy segment is focused on developing, acquiring, and operating clean and renewable energy projects. The segment owns and operates, in seven states, more than 1,200 MW of nameplate capacity wind energy generation with a contract under power sales agreements (PSAs) of various durations. It engages in the development of wind energy facilities to operate under long-term PSAs.

Sector

Electric Utilities

Calendar

2024-07-30 - Q2 2024 Earnings Release (Projected)

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Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

62.57 USD

Average target price

67.57 USD

Spread / Average Target

+7.99%

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Other Electric Utilities

ALLETE, Inc.

Equities

ALE

US0185223007

Electric Utilities

ALLETE, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024

EPS Revisions