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Allete, Inc. - ALE STOCK NEWS

Welcome to our dedicated news page for Allete (Ticker: ALE), a resource for investors and traders seeking the latest updates and insights on Allete.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Allete's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Allete's position in the market.

News
ALLETE Recognized for Gender Diversity on Board and Among Executive Officers
Rhea-AI Summary
ALLETE (NYSE:ALE) has been recognized for gender diversity on its board and among executive officers, achieving gender parity in both areas. The company was named a Special Distinction company in an annual report on gender diversity in Minnesota, with five out of 10 board members and three out of six executive officers being women. ALLETE has been honored for the fifth consecutive year, emphasizing the importance of diversity and inclusion in driving success.
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ALLETE to Announce First Quarter Financial Results May 9
Rhea-AI Summary
ALLETE Inc. (NYSE:ALE) will announce its first-quarter financial results on May 9, 2024. The conference call will feature ALLETE's Chair, President, CEO, and CFO discussing the results and performance factors. ALLETE is an energy company with various subsidiaries and interests in the energy sector.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.94%
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earnings
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New Energy Equity announces Tim Ahrens as Senior Vice President of Development
Rhea-AI Summary
New Energy Equity appoints Tim Ahrens as Senior Vice President of Development to lead strategic development efforts in community and commercial solar projects. Ahrens brings over 25 years of experience in renewable energy projects, enhancing New Energy's development capabilities and growth potential.
Rhea-AI Impact
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End-of-Day
0.78%
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ALLETE, Inc. reports 2023 earnings of $4.30 per share; clean energy transition drives $4.3 billion capital investment plan over the next five years
Rhea-AI Summary
ALLETE, Inc. (NYSE: ALE) reported 2023 earnings of $4.30 per share on net income of $247.1 million and operating revenue of $1.9 billion, showing a positive growth trend. The company's updated five-year capital expenditure plan of $4.3 billion reflects significant investments in clean energy projects. ALLETE's Sustainability in Action strategy is gaining momentum with regulatory decisions in 2024 supporting clean energy transformation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.57%
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earnings
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Minnesota Power advances EnergyForward with request for proposals for up to 400 megawatts of wind energy
Rhea-AI Summary
Minnesota Power, a division of ALLETE Inc. (NYSE: ALE), issues an RFP for 400MW of wind energy by 2027, aligning with its EnergyForward vision for 100% carbon-free energy. The RFP aims to expand the wind portfolio significantly, following the approval of the 2021 Integrated Resource Plan.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.26%
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ALLETE to announce 2023 financial results on February 20
Rhea-AI Summary
ALLETE Inc. (NYSE:ALE) will announce its financial results for 2023 before the stock markets open on Tuesday, February 20, 2024. ALLETE Chair, President and CEO Bethany M. Owen, and CFO Steven W. Morris will present an overview of results and discuss 2024 earnings guidance during a conference call. ALLETE, Inc. is an energy company headquartered in Duluth, Minnesota, with additional subsidiaries and equity interests in the energy sector.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.77%
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earnings
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New Energy Equity names Jackie Chambers as chief investment officer
Rhea-AI Summary
New Energy Equity, a national developer and financier of solar projects, has appointed Jackie Chambers as chief investment officer. With 13 years of experience in the solar industry, Chambers will shape project finance strategy and execute monetizing and financing New Energy Equity's pipeline of projects. She has a significant background in project finance, direct project origination, and project acquisitions, including tax equity financing solutions and community solar project acquisition.
Rhea-AI Impact
Rhea-AI Sentiment
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-0.02%
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ALLETE Board of Directors raises quarterly common stock dividend
Rhea-AI Summary
ALLETE, Inc. (NYSE:ALE) has announced a 4.1% increase in its quarterly dividend on common stock to $0.705 per share, reflecting the company's confidence in its growth outlook. This marks over 74 consecutive years of dividends paid, with the increased dividend equivalent to $2.82 per share annually. The regular quarterly dividend is payable Mar. 1 to common shareholders of record at the close of business Feb. 15, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.72%
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management dividends
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New Energy Equity raises $200,000 for Folds of Honor
Rhea-AI Summary
New Energy Equity LLC donates $200,000 to Folds of Honor through its Lift as We Climb Foundation, supporting educational scholarships for the families of fallen or disabled U.S. military members and first responders. The donation was raised through the company's annual charity golf tournament and exceeded the initial goal. The Folds of Honor founder expressed gratitude for the donation, emphasizing the significant impact on the recipients' lives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.9%
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ALLETE, Grid United sign development agreements for advancing new HVDC transmission line in North Dakota and Montana
Rhea-AI Summary
ALLETE, Inc. (NYSE:ALE) and North Plains Connector LLC, a subsidiary of Grid United LLC, signed development agreements for the North Plains Connector project, a 400-mile high-voltage direct-current (HVDC) transmission line linking three regional U.S. electric energy markets. The project represents a $3.2 billion investment in Montana and North Dakota, creating 3,000 megawatts of transfer capacity across all three energy markets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.02%
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Stock ALE logo
Allete, Inc.

NYSE:ALE

ALE Rankings

#1434 Ranked by Market Cap
#2418 Ranked by Stock Gains
#688 Ranked by Dividends

ALE Stock Data

3.31B
57.38M
0.42%
79.16%
2.24%
Nuclear Electric Power Generation
Utilities
Link
US
Duluth

About ALE

ALLETE, Inc. engages in the provision of electric and natural gas utility services.