Allete's Clean Energy Operations Make It A Rare Utility Growth Story [Seeking Alpha]
Allete, Inc. (ALE)
Last allete, inc. earnings: 2/13 06:30 am
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US:NYSE Investor Relations:
investor.allete.com/investor-relations
Company Research
Source: Seeking Alpha
Summary ALLETE Inc. ( ALE ) is not your typical utility stock. Whereas investors view most utility stocks for their income generation abilities, with growth referring to dividends more than share price appreciation, ALLETE flips the script. As a utility holding company based in Minnesota it operates segments ranging from regulated electricity, natural gas, and water generation, transmission, and distribution to unregulated energy and water development and management. Its non-regulated clean energy segment in particular has been part of the company's shift away from fossil fuel development in favor of sustainable energy in recent years. This shift has in turn become an important earnings driver for ALLETE despite the comparatively small scale of its non-regulated operations. The company's decision to steadily expand its non-regulated operations in response has contributed to outsized shareholder gains. ALLETE's total return since I first recommended it to investors as a long
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News
- New Strong Sell Stocks for April 17th [Yahoo! Finance]Yahoo! Finance
- ALLETE Recognized for Gender Diversity on Board and Among Executive Officers [Yahoo! Finance]Yahoo! Finance
- ALLETE Recognized for Gender Diversity on Board and Among Executive OfficersBusiness Wire
- ALLETE, Inc. (NYSE:ALE) is favoured by institutional owners who hold 77% of the company [Yahoo! Finance]Yahoo! Finance
- ALLETE to Announce First Quarter Financial Results May 9 [Yahoo! Finance]Yahoo! Finance
ALE
Earnings
- 2/20/24 - Miss
ALE
Sec Filings
- 3/28/24 - Form DEF
- 3/28/24 - Form DEFA14A
- 3/28/24 - Form ARS
- ALE's page on the SEC website