ALLETE Management

Management criteria checks 3/4

ALLETE's CEO is Bethany Owen, appointed in Jan 2019, has a tenure of 5.83 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 years respectively.

Key information

Bethany Owen

Chief executive officer

US$3.6m

Total compensation

CEO salary percentage	21.1%
CEO tenure	5.8yrs
CEO ownership	0.05%
Management average tenure	2.8yrs
Board average tenure	7yrs

Recent management updates

Recent updates

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

May 05

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

Mar 10

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

Feb 21

Allete: Dividend Play, Leading The Renewables Transition

Feb 15

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

Feb 06

ALLETE raises dividend by 4.28% to $0.6775

Feb 03

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

Dec 04

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

ALLETE declares $0.65 dividend

Oct 28

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

Oct 18

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

Aug 29

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

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

Jul 11

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

May 11

CEO Compensation Analysis

How has Bethany Owen's remuneration changed compared to ALLETE's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$180m
Jun 30 2024	n/a	n/a	US$221m
Mar 31 2024	n/a	n/a	US$240m
Dec 31 2023	US$4m	US$754k	US$247m
Sep 30 2023	n/a	n/a	US$247m
Jun 30 2023	n/a	n/a	US$195m
Mar 31 2023	n/a	n/a	US$181m
Dec 31 2022	US$2m	US$696k	US$189m
Sep 30 2022	n/a	n/a	US$200m
Jun 30 2022	n/a	n/a	US$193m
Mar 31 2022	n/a	n/a	US$184m
Dec 31 2021	US$3m	US$644k	US$169m
Sep 30 2021	n/a	n/a	US$154m
Jun 30 2021	n/a	n/a	US$168m
Mar 31 2021	n/a	n/a	US$160m
Dec 31 2020	US$2m	US$537k	US$165m
Sep 30 2020	n/a	n/a	US$177m
Jun 30 2020	n/a	n/a	US$167m
Mar 31 2020	n/a	n/a	US$181m
Dec 31 2019	US$1m	US$337k	US$186m
Sep 30 2019	n/a	n/a	US$197m
Jun 30 2019	n/a	n/a	US$197m
Mar 31 2019	n/a	n/a	US$194m
Dec 31 2018	n/a	n/a	US$174m
Sep 30 2018	n/a	n/a	US$154m
Jun 30 2018	n/a	n/a	US$169m
Mar 31 2018	n/a	n/a	US$174m
Dec 31 2017	US$702k	US$269k	US$172m

Compensation vs Market: Bethany's total compensation ($USD3.57M) is below average for companies of similar size in the US market ($USD6.63M).

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)

5.8yrs

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

Name	Position	Tenure	Compensation	Ownership
Bethany Owen	Chair, CEO & President	5.8yrs	US$3.57m	0.048% $ 1.8m
Steven Morris	Senior VP & CFO	2.8yrs	US$1.42m	0.019% $ 706.4k
Joshua Skelton	VP & COO of Minnesota Power	no data	US$927.54k	0.024% $ 883.7k
Nicole Johnson	VP & President of Allete Clean Energy	2.8yrs	US$1.14m	0.019% $ 708.6k
Vincent Meyer	Vice President of Investor Relations	no data	no data	no data
Julie Padilla	VP, Chief Legal Officer & Secretary	less than a year	no data	0.0015% $ 54.9k
Rob Sandstrom	President of Superior Water	no data	no data	no data
Matthew Hankey	President & CEO of New Energy Equity	2.3yrs	no data	no data
Frank Frederickson	Vice President of Customer Experience- Minnesota Power	no data	no data	no data

2.8yrs

Average Tenure

58yo

Average Age

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

Board Members

Name	Position	Tenure	Compensation	Ownership
Bethany Owen	Chair, CEO & President	5.8yrs	US$3.57m	0.048% $ 1.8m
Madeleine Ludlow	Independent Director	20.1yrs	US$220.00k	0.033% $ 1.2m
Charles Matthews	Independent Director	2.3yrs	US$211.67k	0.0011% $ 41.8k
Robert Powers	Independent Director	7.3yrs	US$212.50k	0.0011% $ 42.9k
Barbara Nick	Independent Director	4.3yrs	US$215.00k	0.020% $ 737.4k
Susan Nestegard	Independent Lead Director	6.8yrs	US$250.00k	0.0012% $ 44.4k
Douglas Neve	Independent Director	17.3yrs	US$215.00k	0.020% $ 748.2k
James Hoolihan	Independent Director	18.5yrs	US$205.00k	0.028% $ 1.1m
George Goldfarb	Independent Director	12.1yrs	US$217.00k	0.011% $ 424.7k
Charlene Thomas	Independent Director	3.1yrs	US$215.00k	0.011% $ 427.3k

7.0yrs

Average Tenure

66yo

Average Age

Experienced Board: ALE's board of directors are considered experienced (7 years average tenure).

ALLETE Management

Management criteria checks 3/4

Key information

Recent management updates

Insufficient new directors

ALLETE, Inc., Annual General Meeting, May 09, 2023

ALLETE, Inc. Promotes Josh Kunkel to the Position of President

ALLETE, Inc. Announces Management Changes

ALLETE Inc. Appoints Charles Matthews to its Board of Directors

Recent updates

Insufficient new directors

Second quarter dividend of US$0.70 announced

ALLETE, Inc. Declares Quarterly Dividend on Common Stock, Payable on December 1, 2024

Price target increased by 9.8% to US$71.33

ALLETE, Inc. to Report Q3, 2024 Results on Oct 30, 2024

ALLETE Applauds $700 Million Federal Grant for Montana and North Plains Connector Transmission Project

Second quarter 2024 earnings: EPS and revenues miss analyst expectations

First quarter dividend of US$0.70 announced

ALLETE, Inc. Declares Quarterly Dividend, Payable on September 1, 2024

ALLETE, Inc. to Report Q2, 2024 Results on Aug 01, 2024

Allete, Inc.: BlackRock's Backdoor Takeover

Price target increased by 7.8% to US$67.57

First quarter 2024 earnings: EPS and revenues miss analyst expectations

Canada Pension Plan Investment Board and Global Infrastructure Management, LLC entered into a definitive agreement to acquire ALLETE, Inc. (NYSE:ALE) for $3.9 billion.

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

Fourth quarter dividend of US$0.70 announced

ALLETE, Inc. Declares Quarterly Dividend on Common Stock, Payable on June 1, 2024

ALLETE, Inc. to Report Q1, 2024 Results on May 09, 2024

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

New minor risk - Earnings quality

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

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

Allete: I Continue To Be Bullish On This Quality Business

ALLETE, Inc. to Report Fiscal Year 2023 Results on Feb 20, 2024

Upcoming dividend of US$0.70 per share at 4.8% yield

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

Third quarter dividend increased to US$0.70

Allete, Inc. Raises Quarterly Common Stock Dividend, Payable on March 1, 2024

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

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

Allete Reportedly Working with Bank to Explore Possible Sale

Allete: An Undervalued Company With Excellent Opportunity

Consensus revenue estimates increase by 11%

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

Upcoming dividend of US$0.68 per share at 4.8% yield

New minor risk - Earnings quality

Third quarter 2023 earnings released: EPS: US$1.50 (vs US$0.59 in 3Q 2022)

ALLETE, Inc. Declares Quarterly Dividend on Common Stock, Payable on December 1, 2023

U.S. Department of Energy Awards $50 Million to Minnesota Power to Increase Reliability and Resilience of Region’s Transmission Grid in Support of A Clean-Energy Future

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

ALLETE, Inc. to Report Q3, 2023 Results on Nov 02, 2023

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

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

Allete: A Potential Buy In Renewable Energy

Allete's Q2 Performance: Generating Energy And Enthusiasm

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Upcoming dividend of US$0.68 per share at 4.9% yield

ALLETE, Inc. Declares Dividend on Common Stock, Payable on September 1, 2023

ALLETE, Inc. to Report Q2, 2023 Results on Aug 08, 2023

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?

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

ALLETE, Inc., Annual General Meeting, May 09, 2023

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

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

Upcoming dividend of US$0.68 per share at 4.3% yield

First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

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

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

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

ALLETE, Inc. Provides Earnings Guidance for the Year 2023

Allete: Dividend Play, Leading The Renewables Transition

Upcoming dividend of US$0.68 per share at 4.2% yield

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

ALLETE, Inc. Raises Quarterly Common Stock Dividend, Payable on March 1, 2023

ALLETE raises dividend by 4.28% to $0.6775

ALLETE, Inc. to Report Fiscal Year 2022 Results on Feb 16, 2023

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

Allete Stock Compares Favorably To Bond ETFs IEF And ILTB

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind