Allete Inc

NYSE ALE

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Allete Inc Receivables 2 year CAGR for the Trailing 12 Months (TTM) ending March 31, 2024: 9.59%

Allete Inc Receivables 2 year CAGR is 9.59% for the Trailing 12 Months (TTM) ending March 31, 2024, a 224.89% change year over year. Receivables are amounts owed to the company by customers for goods sold or services rendered. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.
  • Allete Inc Receivables for the Trailing 12 Months (TTM) ending March 31, 2023 was USD 120.30 M, a 1.60% change year over year.
  • Allete Inc Receivables for the Trailing 12 Months (TTM) ending March 31, 2022 was USD 118.40 M, a 4.32% change year over year.
  • Allete Inc Receivables for the Trailing 12 Months (TTM) ending March 31, 2021 was USD 113.50 M, a 14.19% change year over year.
  • Allete Inc Receivables for the Trailing 12 Months (TTM) ending March 31, 2020 was USD 99.40 M, a 0.51% change year over year.
NYSE: ALE

Allete Inc

CEO Ms. Bethany M. Owen
IPO Date May 3, 1973
Location United States
Headquarters 30 West Superior Street, Duluth, MN, United States, 55802-2093
Employees 1,544
Sector Utilities
Industry Utilities - diversified
Description

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. In addition, 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 150,000 retail customers and 14 non-affiliated municipal customers. Further, it owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illinois. Additionally, the company focuses on developing, acquiring, and operating clean and renewable energy projects; and owns and operates approximately 1,200 megawatts of wind energy generation facility, as well as involved in the coal mining operations in North Dakota; and real estate investment activities in Florida. It owns and operates 162 substations with a total capacity of 9,980 megavolt amperes. The company 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.

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StockViz Staff

September 20, 2024

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