ALLETE Inc. (Minnesota Power and Light - Duluth Edison Electric) (ALE)

Sector:
UTILITIES AND TELECOMMUNICATIONS
Industry:
UTILITIES - MULTILINE
SIC:
ELECTRIC & OTHER SERVICES COMBINED
CEO:
Bethany M. Owen
Employees:
1,400
30 W SUPERIOR ST, DULUTH, MN 55802-2093
2182795000

ALLETE, Inc. generates electricity from coal-fired, biomass co-fired / natural gas, hydroelectric, wind, and solar. The company provides regulated utility electric services in northwestern Wisconsin to approximately 15,000 electric customers, 13,000 natural gas customers, and 10,000 water customers. It also owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illinois.

Data derived from most recent annual or quarterly report
Market Cap 3.474 Billion Shares Outstanding57.162 Million Avg 30-day Volume 334.249 Thousand
P/E Ratio19.5014 Dividend Yield4.0095 EPS3.38
Price to Revenue2.325 Debt to Equity0.6732 EBITDA390.1 Million
Price to Book Value1.3724 Operating Margin10.6609 Enterprise Value5.447 Billion
Current Ratio0.536 EPS Growth0.016 Quick Ratio0.311
1 Yr BETA 0.5862 52-week High/Low 66.69 / 46.73 Profit Margin9.7097
Operating Cash Flow Growth-12.1081 Altman Z-Score1.0185 Free Cash Flow to Firm -112.501 Million
Earnings Report2023-05-04
View SEC Filings from ALE instead.

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ALLETE Inc. (Minnesota Power and Light - Duluth Edison Electric) YCharts
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Funds Holding ALE (via 13F filings)

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Recent Filings

Financial Reporting

Ownership

  • 4: filed on 2023-02-10 by JOHNSON NICOLE RENEE
  • 4: filed on 2023-02-10 by OWEN BETHANY M
  • 4: filed on 2023-02-10 by SKELTON JOSHUA JOHN
  • 4: filed on 2023-02-10 by CUTSHALL PATRICK L
  • 4: filed on 2023-02-10 by THICKENS MARGARET A
  • 4: filed on 2023-02-10 by MORRIS STEVEN WAYNE
  • 4: filed on 2023-02-06 by THICKENS MARGARET A
  • 4: filed on 2023-02-06 by OWEN BETHANY M
  • 4: filed on 2023-02-06 by MORRIS STEVEN WAYNE
  • 4: filed on 2023-02-06 by CUTSHALL PATRICK L

    • Events (8k)

  • 8-K: filed on 2023-02-16:
    Item 7.01: Regulation FD Disclosure
  • 8-K: filed on 2022-08-22:
    Item 5.02: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
  • 8-K: filed on 2022-07-06:
    Item 5.02: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
  • 8-K: filed on 2022-05-13:
    Item 5.07: Submission of Matters to a Vote of Security Holders
  • 8-K: filed on 2022-04-05:
    Item 5.02: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
    Item 8.01: Other Events
    Item 9.01: Financial Statements and Exhibits
  • 8-K: filed on 2022-03-02:
    Item 2.03: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
    Item 8.01: Other Events
  • 8-K: filed on 2022-02-16:
    Item 7.01: Regulation FD Disclosure
  • 8-K: filed on 2022-02-09:
    Item 5.02: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
  • 8-K: filed on 2022-01-11:
    Item 5.02: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
  • 8-K: filed on 2021-10-05:
    Item 5.02: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

    • Proposed Sales (Form 144)

    Proxy

    Prospectus

    All

    Open Market Buys/Sells Last 60 Days

    Open Market Buys (P)

    none

    Open Market Sells (S)

    none

    Exercise Derivative Conversion (M)

    none

    Current/Former Insiders

    Insider Name Type Last Reported Shares Held Last Reported Date Filings in past year

    CUTSHALL PATRICK L VP & TREASURER

    • Officer
    		 8,218 2023-02-09 2

    MORRIS STEVEN WAYNE SR VP & CFO

    • Officer
    		 10,847 2023-02-09 2

    OWEN BETHANY M CHAIR, PRESIDENT & CEO

    • Officer
    • Director
    		 25,405 2023-02-09 2

    THICKENS MARGARET A VP, CH. LEGAL OFF. & SECRETARY

    • Officer
    		 5,410 2023-02-09 2

    JOHNSON NICOLE RENEE VP; PRES.- ACE

    • Officer
    		 9,957 2023-02-09 2

    SKELTON JOSHUA JOHN VP; COO-MINNESOTA POWER

    • Officer
    		 13,019 2023-02-09 3

    MATTHEWS CHARLES R

    • Director
    		 1,982 2022-08-09 2

    LUDLOW MADELEINE W

    • Director
    		 20,010 2022-06-01 1

    NICK BARBARA A

    • Director
    		 7,334 2022-06-01 1

    POWERS ROBERT P

    • Director
    		 8,532 2022-06-01 1

    NESTEGARD SUSAN K

    • Director
    		 8,110 2022-06-01 1

    NEVE DOUGLAS C

    • Director
    		 23,481 2022-06-01 1

    HOOLIHAN JAMES J

    • Director
    		 21,337 2022-06-01 1

    GOLDFARB GEORGE G

    • Director
    		 18,052 2022-06-01 1

    THOMAS CHARLENE A

    • Director
    		 3,091 2022-06-01 1

    ADAMS ROBERT JOHN SENIOR VICE PRESIDENT

    • Officer
    		 19,351 2022-02-09 0

    JIMMERSON HEIDI E

    • Director
    		 23,006 2021-08-19 0

    DINDO KATHRYN W

    • Director
    		 19,593 2021-06-01 0

    HODNIK ALAN R EXECUTIVE CHAIRMAN

    • Officer
    • Director
    		 56,148 2021-02-11 0

    OACHS BRADLEY W SR. VP; PRES. REG. OPERATIONS

    • Officer
    		 16,196 2019-02-20 0

    MULLEN PATRICK KEVIN SR VP ALLETE - EXTERNAL AFFAIR

    • Officer
    		 5,928 2019-01-30 0

    EMERY SIDNEY W JR

    • Director
    		 24,656 2018-06-01 0

    HAINES JAMES S JR

    • Director
    		 18,349 2018-06-01 0

    RODMAN LEONARD C.

    • Director
    		 18,022 2018-06-01 0

    AMBERG DEBORAH A SRVP, CHIEF STRAT OFF.

    • Officer
    		 23,438 2018-02-01 0

    MCMILLAN DAVID J EXECUTIVE VP - MINNESOTA POWER

    • Officer
    		 16,880 2017-06-15 0

    DEVINCK STEVEN Q SENIOR VICE PRESIDENT

    • Officer
    		 9,004 2017-05-09 0

    STELLMAKER DONALD W

    • RETIRED V.P. & CORP. TREASURER
    		 No longer subject to file 2016-04-15 0

    SCHOBER MARK A SR. VP & CFO ALLETE

    • Officer
    		 40,902 2014-02-06 0

    STENDER BRUCE W

    • Director
    		 23,245 2013-06-03 0

    SHIPPAR DONALD J

    • Director
    		 No longer subject to file 2012-06-15 0

    BREKKEN KATHLEEN A

    • Director
    		 12,128 2012-06-01 0

    MAYER GEORGE L

    • Director
    		 26,860 2009-06-01 0

    RAJALA JACK I

    • Director
    		 16,661 2009-06-01 0

    WELTY CLAUDIA SCOTT SR. VP SUPPORT & CAO

    • Officer
    		 16,179 2009-02-02 0

    PEIRCE ROGER D

    • Director
    		 4,631 2007-06-01 0

    HOLQUIST LAURA A PRESIDENT ALLETE PROPERTIES

    • Officer
    		 No longer subject to file 2007-02-01 0

    JOHNSON PETER J

    • Director
    		 26,388 2006-12-31 0

    SMITH NICK

    • Director
    		 4,873 2006-08-02 0

    VIZANKO JAMES K SENIOR VP & CFO

    • Officer
    		 16,589 2006-06-01 0

    THORP TIMOTHY J VP INVEST. REL./CORP. COMM.

    • Officer
    		 8,464 2006-01-31 0

    CANDY WARREN L SR. VP UTILITY OPERATIONS

    • Officer
    		 6,641 2006-01-31 0

    Insider Transactions Last 60 Days

    Reporting Owners Filing Date Trans Date Trans Code Shares Share Price Acquired
    Disposed    		 Shares Owned after D/I 10b5 Perf 1d* Perf 5d* Perf 1m* Max Gain Max Gain Days Max Loss Max Loss Days

    CUTSHALL PATRICK L - Officer VP & TREASURER

    		2023-02-10 17:25:03 -0500 2023-02-09 F 197 $59.85 d 6,335 direct -1.5591 3.2702 3.2702 6 -1.9935 3

    THICKENS MARGARET A - Officer VP, CH. LEGAL OFF. & SECRETARY

    		2023-02-10 17:24:47 -0500 2023-02-09 F 230 $59.85 d 3,224 direct -1.5591 3.2702 3.2702 6 -1.9935 3

    MORRIS STEVEN WAYNE - Officer SR VP & CFO

    		2023-02-10 17:24:04 -0500 2023-02-09 F 197 $59.85 d 9,767 direct -1.5591 3.2702 3.2702 6 -1.9935 3

    JOHNSON NICOLE RENEE - Officer VP; PRES.- ACE

    		2023-02-10 17:26:26 -0500 2023-02-09 F 316 $59.85 d 5,455 direct -1.5591 3.2702 3.2702 6 -1.9935 3

    OWEN BETHANY M - Director - Officer CHAIR, PRESIDENT & CEO

    		2023-02-10 17:26:00 -0500 2023-02-09 F 790 $59.85 d 18,531 direct -1.5591 3.2702 3.2702 6 -1.9935 3

    SKELTON JOSHUA JOHN - Officer VP; COO-MINNESOTA POWER

    		2023-02-10 17:25:32 -0500 2023-02-09 F 157 $59.85 d 4,863 direct -1.5591 3.2702 3.2702 6 -1.9935 3

    THICKENS MARGARET A - Officer VP, CH. LEGAL OFF. & SECRETARY

    		2023-02-06 14:42:10 -0500 2023-02-02 A 969 a 3,454 direct -0.368 -3.168 1.4725 4.5469 30 -5.0971 8

    OWEN BETHANY M - Director - Officer CHAIR, PRESIDENT & CEO

    		2023-02-06 14:41:42 -0500 2023-02-02 A 3,875 a 19,321 direct -0.368 -3.168 1.4725 4.5469 30 -5.0971 8

    MORRIS STEVEN WAYNE - Officer SR VP & CFO

    		2023-02-06 14:41:16 -0500 2023-02-02 A 1,163 a 9,964 direct -0.368 -3.168 1.4725 4.5469 30 -5.0971 8

    CUTSHALL PATRICK L - Officer VP & TREASURER

    		2023-02-06 14:40:50 -0500 2023-02-02 A 775 a 6,532 direct -0.368 -3.168 1.4725 4.5469 30 -5.0971 8

    JOHNSON NICOLE RENEE - Officer VP; PRES.-ALLETE CLEAN

    		2023-02-06 14:40:20 -0500 2023-02-02 A 969 a 5,772 direct -0.368 -3.168 1.4725 4.5469 30 -5.0971 8

    SKELTON JOSHUA JOHN - Officer VP; COO-MINNESOTA POWER

    		2023-02-06 14:39:42 -0500 2023-02-02 A 775 a 5,020 direct -0.368 -3.168 1.4725 4.5469 30 -5.0971 8

    * -

    Transaction Code Definitions
    Code Definition
    A Grant, award or other acquisition pursuant to Rule 16b-3(d)
    C Conversion of derivative security
    D Disposition to the issuer of issuer equity securities pursuant to Rule 16b-3(e)
    E Expiration of short derivative position
    F Payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3
    G Bona fide gift
    H Expiration (or cancellation) of long derivative position with value received
    I Discretionary transaction in accordance with Rule 16b-3(f) resulting in acquisition or disposition of issuer securities
    J Other acquisition or disposition
    L Small acquisition under Rule 16a-6
    M Exercise or conversion of derivative security exempted pursuant to Rule 16b-3
    O Exercise of out-of-the-money derivative security
    P Open market or private purchase of non-derivative or derivative security
    S Open market or private sale of non-derivative or derivative security
    U Disposition pursuant to a tender of shares in a change of control transaction
    W Acquisition or disposition by will or the laws of descent and distribution
    X Exercise of in-the-money or at-the-money derivative security
    Z Deposit into or withdrawal from voting trust

    IBR Securities Loan Availability

    Updated throughout the day, this shows the number of shares available to borrow. Data provided by Interactive Brokers

    Security Date/Time Rebate Rate Fee Rate Shares Available
    ALLETE INC ALE 2023-03-24 16:45:03 UTC 4.4119 0.4081 1800000
    ALLETE INC ALE 2023-03-24 16:15:03 UTC 4.4119 0.4081 1800000
    ALLETE INC ALE 2023-03-24 15:45:03 UTC 4.4119 0.4081 1800000
    ALLETE INC ALE 2023-03-24 15:15:03 UTC 4.4119 0.4081 1800000
    ALLETE INC ALE 2023-03-24 14:45:03 UTC 4.1619 0.4081 1800000
    ALLETE INC ALE 2023-03-24 14:15:03 UTC 4.1619 0.4081 1800000
    ALLETE INC ALE 2023-03-24 13:45:03 UTC 4.1619 0.4081 1800000
    ALLETE INC ALE 2023-03-24 13:15:04 UTC 4.1619 0.4081 1800000
    ALLETE INC ALE 2023-03-24 12:45:03 UTC 4.1619 0.4081 1800000
    ALLETE INC ALE 2023-03-23 22:15:04 UTC 4.1619 0.4081 1900000
    ALLETE INC ALE 2023-03-23 21:45:04 UTC 4.1619 0.4081 1900000
    ALLETE INC ALE 2023-03-23 21:15:04 UTC 4.1619 0.4081 1900000
    ALLETE INC ALE 2023-03-23 20:45:03 UTC 4.32 0.25 1900000
    ALLETE INC ALE 2023-03-23 20:15:03 UTC 4.32 0.25 1900000
    ALLETE INC ALE 2023-03-23 19:45:03 UTC 4.32 0.25 1900000
    ALLETE INC ALE 2023-03-23 19:15:03 UTC 4.32 0.25 1900000
    ALLETE INC ALE 2023-03-23 18:45:04 UTC 4.32 0.25 1900000
    ALLETE INC ALE 2023-03-23 18:15:03 UTC 4.32 0.25 1900000
    ALLETE INC ALE 2023-03-23 17:45:03 UTC 4.32 0.25 1900000
    ALLETE INC ALE 2023-03-23 17:15:03 UTC 4.32 0.25 1900000

    Current Active Short Positions

    Holder Issuer Net Short Position Position Date Origin
    AGF Investments Trust- AGFIQ U.S. Market Neutral Momentum Fund ALE -392.0 shares, $-24280.48 2020-12-31 N-PORT
    Trust for Professional Managers- Convergence Market Neutral Fund ALE -2199.0 shares, $-118658.04 2020-08-31 N-PORT
    FundVantage Trust- Gotham Enhanced Index Plus Fund ALE -42.0 shares, $-2548.56 2020-03-31 N-PORT
    FundVantage Trust- Gotham Master Neutral Fund ALE -99.0 shares, $-5122.26 2020-09-30 N-PORT
    FundVantage Trust- Gotham Index Plus All-Cap Fund ALE -79.0 shares, $-4793.72 2020-03-31 N-PORT
    Trust for Professional Managers- Convergence Long/Short Equity ETF ALE -481.0 shares, $-31842.2 2022-11-30 N-PORT

    No recent transactions

    *** To see all congressional transactions (since 2022) for this stock, please use the congressional transaction search page***

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