ALE Allete Inc.

ALLETE, Inc. operates as an energy company. The company operates through Regulated Operations, ALLETE Clean Energy, and Corporate and Other segments. It 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, as well as regulated utility electric services in northeastern Minnesota to approximately 145,000 retail customers and 15 non-affiliated municipal customers. It also owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illinois. In addition, the company focuses on developing, acquiring, and operating clean and renewable energy projects; and owns and operates approximately 1,000 megawatts of wind energy generation facility. Further, it is involved in the coal mining operations in North Dakota; and real estate investment activities in Florida. The company owns and operates 158 substations with a total capacity of 10,066 megavolt amperes. It serves taconite mining, paper, pulp and secondary wood products, pipeline, and other industries. The company was formerly known as Minnesota Power, Inc. and changed its name to ALLETE, Inc. in May 2001. ALLETE, Inc. was incorporated in 1906 and is headquartered in Duluth, Minnesota.

Recent Analyst Ratings for Allete Inc.

Date	Price Target	Rating	Analyst
1/22/2024	$58.00	Sell → Neutral	Guggenheim
1/10/2024	$64.00	Buy → Neutral	Sidoti
6/27/2023	$63.00 → $54.00	Neutral → Underperform	BofA Securities
5/5/2023	$66.00 → $63.00	Buy → Neutral	BofA Securities
4/6/2023	$74.00	Neutral → Buy	Sidoti
1/23/2023	$53.00 → $54.00	Neutral → Sell	Guggenheim
11/17/2022	$65.00	Underweight → Neutral	JP Morgan
11/14/2022	$53.00 → $66.00	Neutral → Buy	BofA Securities
5/25/2022	$63.00	Neutral	BofA Securities
3/2/2022	$66.00 → $60.00	Neutral	Mizuho

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Allete Inc.

Recent Analyst Ratings for Allete Inc.

Allete Inc. Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Director Goldfarb George G was granted 1,691 shares, increasing direct ownership by 7% to 24,895 units (SEC Form 4)

Director Nick Barbara A was granted 1,691 shares, increasing direct ownership by 14% to 13,408 units (SEC Form 4)

Director Powers Robert P was granted 1,691 shares, increasing direct ownership by 13% to 15,072 units (SEC Form 4)

Director Neve Douglas C was granted 1,691 shares, increasing direct ownership by 10% to 19,199 units (SEC Form 4)

Director Hoolihan James J was granted 1,691 shares, increasing direct ownership by 6% to 29,748 units (SEC Form 4)

Director Ludlow Madeleine W was granted 1,691 shares (SEC Form 4)

Director Nestegard Susan K was granted 1,691 shares, increasing direct ownership by 13% to 14,586 units (SEC Form 4)

Director Matthews Charles R was granted 1,691 shares, increasing direct ownership by 31% to 7,105 units (SEC Form 4)

Director Thomas Charlene A was granted 1,691 shares, increasing direct ownership by 26% to 8,311 units (SEC Form 4)

New insider Anderson Colin B claimed ownership of 2,375 shares (SEC Form 3)