Allete Inc

NYSE ALE

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Allete Inc Operating Cash Flow Per Share for the Trailing 12 Months (TTM) ending March 31, 2024: 1.04

Allete Inc Operating Cash Flow Per Share is 1.04 for the Trailing 12 Months (TTM) ending March 31, 2024, a -25.76% change year over year. Operating cash flow per share represents the amount of cash generated from a company's core operations per outstanding share. It is calculated by dividing the operating cash flow by the weighted average number of basic shares outstanding. This metric provides insights into the company's ability to generate cash flow from its day-to-day operations on a per-share basis. It is useful for evaluating the company's cash flow generation and comparing it with other companies on a per-share basis.
  • Allete Inc Operating Cash Flow Per Share for the Trailing 12 Months (TTM) ending March 31, 2023 was 1.40, a 72.98% change year over year.
  • Allete Inc Operating Cash Flow Per Share for the Trailing 12 Months (TTM) ending March 31, 2022 was 0.81, a -43.58% change year over year.
  • Allete Inc Operating Cash Flow Per Share for the Trailing 12 Months (TTM) ending March 31, 2021 was 1.44, a 14.92% change year over year.
  • Allete Inc Operating Cash Flow Per Share for the Trailing 12 Months (TTM) ending March 31, 2020 was 1.25, a -33.89% 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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