ALLETE, Inc.

NYSE:ALE Stock Report

Market Cap: US$3.7b

ALLETE Management

Management criteria checks 3/4

ALLETE's CEO is Bethany Owen, appointed in Jan 2019, has a tenure of 5.92 years. total yearly compensation is $3.57M, comprised of 21.1% salary and 78.9% bonuses, including company stock and options. directly owns 0.048% of the company’s shares, worth $1.77M. The average tenure of the management team and the board of directors is 2.8 years and 7.1 years respectively.

Key information

Bethany Owen

Chief executive officer

US$3.6m

Total compensation

CEO salary percentage21.1%
CEO tenure5.9yrs
CEO ownership0.05%
Management average tenure2.8yrs
Board average tenure7.1yrs

Recent management updates

Recent updates

Allete, Inc.: BlackRock's Backdoor Takeover

Jun 30

Little Excitement Around ALLETE, Inc.'s (NYSE:ALE) Earnings

Apr 29
Little Excitement Around ALLETE, Inc.'s (NYSE:ALE) Earnings

These 4 Measures Indicate That ALLETE (NYSE:ALE) Is Using Debt Extensively

Apr 11
These 4 Measures Indicate That ALLETE (NYSE:ALE) Is Using Debt Extensively

ALLETE (NYSE:ALE) Will Pay A Larger Dividend Than Last Year At $0.705

Feb 12
ALLETE (NYSE:ALE) Will Pay A Larger Dividend Than Last Year At $0.705

Allete: I Continue To Be Bullish On This Quality Business

Feb 10

ALLETE (NYSE:ALE) Will Pay A Larger Dividend Than Last Year At $0.705

Jan 29
ALLETE (NYSE:ALE) Will Pay A Larger Dividend Than Last Year At $0.705

Calculating The Intrinsic Value Of ALLETE, Inc. (NYSE:ALE)

Jan 19
Calculating The Intrinsic Value Of ALLETE, Inc. (NYSE:ALE)

There's No Escaping ALLETE, Inc.'s (NYSE:ALE) Muted Earnings

Dec 19
There's No Escaping ALLETE, Inc.'s (NYSE:ALE) Muted Earnings

Allete: An Undervalued Company With Excellent Opportunity

Nov 23

ALLETE (NYSE:ALE) Ticks All The Boxes When It Comes To Earnings Growth

Nov 07
ALLETE (NYSE:ALE) Ticks All The Boxes When It Comes To Earnings Growth

ALLETE (NYSE:ALE) May Have Issues Allocating Its Capital

Oct 09
ALLETE (NYSE:ALE) May Have Issues Allocating Its Capital

A Look At The Intrinsic Value Of ALLETE, Inc. (NYSE:ALE)

Sep 24
A Look At The Intrinsic Value Of ALLETE, Inc. (NYSE:ALE)

ALLETE (NYSE:ALE) Takes On Some Risk With Its Use Of Debt

Sep 06
ALLETE (NYSE:ALE) Takes On Some Risk With Its Use Of Debt

Allete: A Potential Buy In Renewable Energy

Aug 30

Allete's Q2 Performance: Generating Energy And Enthusiasm

Aug 11

Be Wary Of ALLETE (NYSE:ALE) And Its Returns On Capital

Jun 26
Be Wary Of ALLETE (NYSE:ALE) And Its Returns On Capital

Is ALLETE, Inc. (NYSE:ALE) Worth US$62.0 Based On Its Intrinsic Value?

Jun 09
Is ALLETE, Inc. (NYSE:ALE) Worth US$62.0 Based On Its Intrinsic Value?

ALLETE (NYSE:ALE) Use Of Debt Could Be Considered Risky

May 24
ALLETE (NYSE:ALE) Use Of Debt Could Be Considered Risky

ALLETE (NYSE:ALE) Is Increasing Its Dividend To $0.6775

May 07
ALLETE (NYSE:ALE) Is Increasing Its Dividend To $0.6775

Need To Know: Analysts Are Much More Bullish On ALLETE, Inc. (NYSE:ALE) Revenues

May 05
Need To Know: Analysts Are Much More Bullish On ALLETE, Inc. (NYSE:ALE) Revenues

A Look At The Intrinsic Value Of ALLETE, Inc. (NYSE:ALE)

Mar 10
A Look At The Intrinsic Value Of ALLETE, Inc. (NYSE:ALE)

Here's Why ALLETE (NYSE:ALE) Is Weighed Down By Its Debt Load

Feb 21
Here's Why ALLETE (NYSE:ALE) Is Weighed Down By Its Debt Load

Allete: Dividend Play, Leading The Renewables Transition

Feb 15

ALLETE (NYSE:ALE) Will Want To Turn Around Its Return Trends

Feb 06
ALLETE (NYSE:ALE) Will Want To Turn Around Its Return Trends

ALLETE raises dividend by 4.28% to $0.6775

Feb 03

A Look At The Intrinsic Value Of ALLETE, Inc. (NYSE:ALE)

Dec 04
A Look At The Intrinsic Value Of ALLETE, Inc. (NYSE:ALE)

Allete Stock Compares Favorably To Bond ETFs IEF And ILTB

Nov 16

ALLETE Q3 2022 Earnings Preview

Nov 08

The Returns On Capital At ALLETE (NYSE:ALE) Don't Inspire Confidence

Nov 02
The Returns On Capital At ALLETE (NYSE:ALE) Don't Inspire Confidence

ALLETE declares $0.65 dividend

Oct 28

Here's Why ALLETE (NYSE:ALE) Is Weighed Down By Its Debt Load

Oct 18
Here's Why ALLETE (NYSE:ALE) Is Weighed Down By Its Debt Load

An Intrinsic Calculation For ALLETE, Inc. (NYSE:ALE) Suggests It's 22% Undervalued

Aug 29
An Intrinsic Calculation For ALLETE, Inc. (NYSE:ALE) Suggests It's 22% Undervalued

ALLETE GAAP EPS of $0.61 misses by $0.02, revenue of $373.1M beats by $30.28M; reaffirms FY earning guidance

Aug 03

ALLETE declares $0.65 dividend

Jul 28

The Returns On Capital At ALLETE (NYSE:ALE) Don't Inspire Confidence

Jul 27
The Returns On Capital At ALLETE (NYSE:ALE) Don't Inspire Confidence

Is ALLETE (NYSE:ALE) Using Too Much Debt?

Jul 11
Is ALLETE (NYSE:ALE) Using Too Much Debt?

New Forecasts: Here's What Analysts Think The Future Holds For ALLETE, Inc. (NYSE:ALE)

May 11
New Forecasts: Here's What Analysts Think The Future Holds For ALLETE, Inc. (NYSE:ALE)

CEO Compensation Analysis

How has Bethany Owen's remuneration changed compared to ALLETE's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

US$180m

Jun 30 2024n/an/a

US$221m

Mar 31 2024n/an/a

US$240m

Dec 31 2023US$4mUS$754k

US$247m

Sep 30 2023n/an/a

US$247m

Jun 30 2023n/an/a

US$195m

Mar 31 2023n/an/a

US$181m

Dec 31 2022US$2mUS$696k

US$189m

Sep 30 2022n/an/a

US$200m

Jun 30 2022n/an/a

US$193m

Mar 31 2022n/an/a

US$184m

Dec 31 2021US$3mUS$644k

US$169m

Sep 30 2021n/an/a

US$154m

Jun 30 2021n/an/a

US$168m

Mar 31 2021n/an/a

US$160m

Dec 31 2020US$2mUS$537k

US$165m

Sep 30 2020n/an/a

US$177m

Jun 30 2020n/an/a

US$167m

Mar 31 2020n/an/a

US$181m

Dec 31 2019US$1mUS$337k

US$186m

Sep 30 2019n/an/a

US$197m

Jun 30 2019n/an/a

US$197m

Mar 31 2019n/an/a

US$194m

Dec 31 2018n/an/a

US$174m

Sep 30 2018n/an/a

US$154m

Jun 30 2018n/an/a

US$169m

Mar 31 2018n/an/a

US$174m

Dec 31 2017US$702kUS$269k

US$172m

Compensation vs Market: Bethany's total compensation ($USD3.57M) is below average for companies of similar size in the US market ($USD6.67M).

Compensation vs Earnings: Bethany's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Bethany Owen (58 yo)

5.9yrs

Tenure

US$3,574,742

Compensation

Ms. Bethany M. Owen has been Chief Executive Officer of ALLETE, Inc. since February 3, 2020 and has been its Chair since May 11, 2021. Ms. Owen serves as the President at ALLETE, Inc. since January 31, 201...

Leadership Team

NamePositionTenureCompensationOwnership
Bethany Owen
Chair, CEO & President5.9yrsUS$3.57m0.048%
$ 1.8m
Steven Morris
Senior VP & CFO2.8yrsUS$1.42m0.019%
$ 706.0k
Joshua Skelton
VP & COO of Minnesota Powerno dataUS$927.54k0.024%
$ 883.1k
Nicole Johnson
VP & President of Allete Clean Energy2.9yrsUS$1.14m0.019%
$ 708.2k
Vincent Meyer
Vice President of Investor Relationsno datano datano data
Julie Padilla
VP, Chief Legal Officer & Secretaryless than a yearno data0.0015%
$ 54.8k
Rob Sandstrom
President of Superior Waterno datano datano data
Matthew Hankey
President & CEO of New Energy Equity2.4yrsno datano data
Frank Frederickson
Vice President of Customer Experience- Minnesota Powerno datano datano data

2.8yrs

Average Tenure

58yo

Average Age

Experienced Management: ALE's management team is considered experienced (2.8 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Bethany Owen
Chair, CEO & President5.8yrsUS$3.57m0.048%
$ 1.8m
Madeleine Ludlow
Independent Director20.2yrsUS$220.00k0.033%
$ 1.2m
Charles Matthews
Independent Director2.4yrsUS$211.67k0.0011%
$ 41.8k
Robert Powers
Independent Director7.3yrsUS$212.50k0.0011%
$ 42.9k
Barbara Nick
Independent Director4.4yrsUS$215.00k0.020%
$ 736.9k
Susan Nestegard
Independent Lead Director6.9yrsUS$250.00k0.0012%
$ 44.4k
Douglas Neve
Independent Director17.4yrsUS$215.00k0.020%
$ 747.7k
James Hoolihan
Independent Director18.6yrsUS$205.00k0.028%
$ 1.1m
George Goldfarb
Independent Director12.2yrsUS$217.00k0.011%
$ 424.4k
Charlene Thomas
Independent Director3.2yrsUS$215.00k0.011%
$ 427.0k

7.1yrs

Average Tenure

66yo

Average Age

Experienced Board: ALE's board of directors are considered experienced (7.1 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 01:51
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

ALLETE, Inc. is covered by 17 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
David ParkerBaird
Julien Dumoulin-SmithBofA Global Research
Stewart GlickmanCFRA Equity Research