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ALLETE Announces Agreement with Minnesota Department of Commerce to Deliver Immediate Post-Closing Cost Savings and Substantial Benefits for Customers and Communities
DULUTH, Minn., July 11, 2025--ALLETE, Inc. (NYSE: ALE) (the "Company") announced that the Company and its transaction partners Canada Pension Plan Investment Board (CPP Investments) and Global Infrastructure Partners (GIP) have reached an agreement with the Minnesota Department of Commerce that will deliver immediate cost savings and substantial benefits to Minnesota Power customers and communities following the approval and completion of the proposed transaction. With this settlement agreement, Jul 11, 2025 - $ALE
Why CareTrust, Merck, And Allete Are Winners For Passive Income
Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. CareTrust, Merck, and Allete have rewarded shareholders for years and recently announced dividend increases. These companies ... Jun 20, 2025 - $ALE
Allete: Q1 Earnings Snapshot
The Duluth, Minnesota-based company said it had net income of 97 cents per share. Earnings, adjusted for non-recurring costs, came to $1.01 per share. The power company owner posted revenue of $400.2 million in the period. May 8, 2025 - $ALE
ALLETE, Inc. Reports First Quarter 2025 Earnings
DULUTH, Minn., May 08, 2025--ALLETE, Inc. (NYSE: ALE) today reported first quarter 2025 earnings of 97 cents per share on net income of $56.1 million. Last year’s first quarter results were 88 cents per share on net income of $50.7 million. Net income in 2025 includes transaction expenses of $2.1 million after-tax, or 4 cents per share, related to the announced merger. Net income in the first quarter of 2024 included transaction expenses of $1.2 million after-tax, or 2 cents per share. May 8, 2025 - $ALE
Why Agree Realty, LCI Industries, And Allete Are Winners For Passive Income
Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. Agree Realty, LCI Industries, and Allete have rewarded shareholders for years and recently announced dividend increases. These companies currently offer dividend yields of up to nearly 6%. Agree Realty Agree Realty (NYSE:ADC) is a real estate investment trust that acquires and develops properties net leased to industry-leading, omnichannel retail tenants. Don't Miss: Deloi Apr 28, 2025 - $ALE
New Energy Equity Announces Leadership Transition: Josh Kunkel to Succeed Matt Hankey as CEO
New Energy Equity, a subsidiary of ALLETE, Inc. (NYSE: ALE), announced today that Josh Kunkel, current president of New Energy Equity, will be promoted to Chief Executive Officer as part of a planned transition effective June 1, 2025. Co-founder and current CEO, Matt Hankey will be taking on a new role at ALLETE as Emerging Technologies Officer, focusing on broad initiatives across the ALLETE family of companies, while remaining on the New Energy Equity Board of Directors. Apr 9, 2025 - $ALE
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