ALLETE, Inc.

ALLETE, Inc.

ALLETE, Inc.

Overview
Date Founded

1906

Headquarters

30 West Superior Street,Duluth, MN 55802-2093

Type of Company

Public

Employees (Worldwide)

1,342

Industries

Power & Utilities
Real Estate
Alternative Energy

Company Description

ALLETE, Inc. engages in the provision of electric and natural gas utility services. It operates through the following business segments: Regulated Operations, ALLETE Clean Energy, and U.S. Water Services. The Regulated Operations segment includes regulated utilities; Minnesota Power; SWL&P; and investment in ATC, which regulates utilities that owns and maintains electric transmission assets. The ALLETE Clean Energy segment develops, acquires, and operates clean and renewable energy projects. The U.S. Water Services segment provides integrated water management for industry by combining chemical, equipment, engineering, and service for customized solutions to reduce water and energy usage and improve efficiency. The company was founded in 1906 and is headquartered in Duluth, MN.

Contact Data
Trying to get in touch with decision makers at ALLETE, Inc.? Subscribe today to access their professional contact information and receive a one time promotion of free Contact Data credits!
Executives & Employees

Chairman, President & Chief Executive Officer

Chief Financial Officer, Senior Vice President

Vice President, Controller & Chief Accounting Officer

Vice President, Chief Legal Officer & Corporate Secretary

Vice President & Chief Administrative Officer

Vice President & Corporate Treasurer

Vice President, Investor Relations

President, Bni Coal

Director Support Services

Board of Directors

Chairman, President & Chief Executive Officer at ALLETE, Inc.

Co-Founder at West Capital Advisors LLC

Former Chief Risk Officer & Vice President at FirstEnergy Corporation

Former President at Minnesota Energy Resources Corp.

Director at Hormel Foods Corporation

Former Executive Vice President & Chief Operating Officer at American Electric Power Co., Inc.

Former Secretary, Executive Vice President & General Counsel at Florida East Coast Railway LLC

Former Chief Financial Officer & Executive Vice President at THL/Cannae Investors LLC

Former President & Chief Executive Officer, Value Fashion Segment at Mahwah Bergen Retail Group, Inc.

Paths to ALLETE, Inc.
Potential Connections via
Relationship Science
You
ALLETE, Inc.
Owners & Shareholders
Details Hidden

PSG is a global alternative investment manager that focuses on specialized equity and fixed income real assets securities investments and energy-related master limited partnerships or MLPs and infrastructure investments. The firm's fixed-income strategies include investments in below investment grade and investment grade publicly traded debt securities of global real estate, infrastructure and natural resources companies. For their equity strategies, PSG incorporates a value-based approach and a long-term investment horizon. They utilize a fundamental, bottom-up, value-based stock selection methodology, with a focus on under-followed, out-of-favor companies complemented by a top-down overlay.

Details Hidden

Aristotle Boston offers Small-Cap Equity and Small/Mid-Cap Equity investment strategies that aim to maximize long-term returns with great emphasis placed on capital appreciation and relatively little emphasis on current income. The firm's Small Cap Equity strategy seeks to achieve long-term returns versus the Russell 2000 Index with a focus on mitigating market risk. Aristotle Boston's Small/Mid-Cap Equity strategy seeks to achieve long-term returns versus the Russell 2500 Index with a focus on mitigating market risk. In each of their strategies, the firm looks for companies with a high probability of improving growth and profitability.

Details Hidden

PCM employs an active, unconstrained (all countries, industries and market caps), value-oriented investment strategy. The firm utilizes a proprietary five factor global valuation model that produces a ranking of countries from the most undervalued to the most overvalued since country and industry factors have influences on security prices. The investment team conducts detailed fundamental research on the companies identified by the valuation screens. Their research process is almost entirely driven by a world-wide search for undervalued common stocks of well-run companies with sustainable business models that are priced to provide their required rate of return. Most investments are held for three to five years resulting in low portfolio turnover. In the portfolio construction process, PCM seeks to include a broad range of market-caps in the portfolio but does not attempt to override the results of the bottom-up investment process.

Recent Transactions
Details Hidden

Xcel Energy, Inc. purchases Allete Clean Energy /2 Wind Projects from ALLETE, Inc.

Details Hidden

Kurita Water Industries Ltd. purchases US Water Services, Inc. from ALLETE, Inc.

Details Hidden

US Water Services, Inc., ALLETE, Inc. purchase Tonka Equipment Co. from Meriwether Capital LLC

Transaction Advisors
Auditor

Advised onALLETE, Inc. issued USD Common Stock

Investment Advisor

Advised onKurita Water Industries Ltd. purchases US Water Services, Inc. from ALLETE, Inc.

Underwriter

Advised onALLETE, Inc. issued USD Common Stock

Underwriter

Advised onALLETE, Inc. issued USD Common Stock

Managing Director

Advised onALLETE, Inc. issued USD Common Stock

Managing Director

Advised onALLETE, Inc. issued USD Common Stock

Advisors & Consultants
Advisor

Former Senior Vice President-External Affairs & Executive Vice President-Minnesota Power at ALLETE, Inc.

Clients

With 100 million tonnes of annual production capacity and 260,000 employees across 60 countries, ArcelorMittal is the world’s leading steel and mining company. We are the leader in all major global steel markets, including automotive, construction, household appliances and packaging, with leading research and development and technology, as well as sizeable captive supplies of raw materials and outstanding distribution networks. With an industrial presence in more than 22 countries spanning four continents, the company covers all of the key steel markets, from emerging to mature

Berkshire Hathaway, Inc. engages in the provision of property and casualty insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, and retailing services. It operates through following segments: GEICO, Berkshire Hathaway Reinsurance Group, Berkshire Hathaway Primary Group, Burlington Northern Santa Fe, LLC (BNSF), Berkshire Hathaway Energy, McLane Company, Manufacturing, and Service and Retailing. The GEICO segment involves in underwriting private passenger automobile insurance mainly by direct response methods. The Berkshire Hathaway Reinsurance Group segment consists of underwriting excess-of-loss and quota-share and facultative reinsurance worldwide. The Berkshire Hathaway Primary Group segment comprises of underwriting multiple lines of property and casualty insurance policies for primarily commercial accounts. The BNSF segment operates railroad systems in North America. The Berkshire Hathaway Energy segments deals with regulated electric and gas utility, including power generation and distribution activities, and real estate brokerage activities. The McLane Company segment offers wholesale distribution of groceries and non-food items. The Manufacturing segment includes industrial and end-user products, building products, and apparel. The Service and Retailing segment provides fractional aircraft ownership programs, aviation pilot training, electronic components distribution, and various retailing businesses, including automobile dealerships, and trailer and furniture leasing. The company was founded by Oliver Chace in 1839 and is headquartered in Omaha, NE.

Walmart, Inc. engages in retail and wholesale business. The Company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam's Club. The Walmart U.S. segment operates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as walmart.com and other eCommerce brands. The Walmart International segment manages supercenters, supermarkets, hypermarkets, warehouse clubs, and cash and carry outside of the United States. The Sam's Club segment comprises membership-only warehouse clubs and samsclubs.com. The company was founded by Samuel Moore Walton and James Lawrence Walton in 1945 and is headquartered in Bentonville, AR.

Key Stats and Financials As of 2020
Market Capitalization
$3.59B
Total Enterprise Value
$5.49B
Earnings Per Share
$3.36
Revenue
$1.17B
EBITDAMargin
31.54%
Enterprise Value / Sales
4.7x
Enterprise Value EBITDAOperating
14.84x
TEVNet Income
31.54x
Debt TEV
0.33x
Net Profit
$174M
Total Debt
$1.82B
Total Equity
$2.8B
EBITDA
$369M
Three Year Compounded Annual Growth Rate Of Revenue
-6.26%
Non-Profit Donations & Grants
Suppliers
Minnkota Power Cooperative, Inc. Power & Utilities | Grand Forks, ND

Minnkota Power Cooperative, Inc. engages in generation, transmission and distribution of electricity. It delivers wind-fueled electricity for distribution cooperatives in eastern North Dakota and northwestern Minnesota. The company was founded in 1940 and is headquartered in Grand Forks, ND.

NextEra Energy, Inc. Alternative Energy | Juno Beach, FL

NextEra Energy, Inc. is a leading clean energy company headquartered in Juno Beach, Florida. NextEra Energy owns Florida Power & Light Company, which is the largest rate-regulated electric utility in the United States as measured by retail electricity produced and sold, and serves more than 5.6 million customer accounts, supporting more than 11 million residents across Florida with clean, reliable and affordable electricity. Through its subsidiaries, NextEra Energy generates clean, emissions-free electricity from seven commercial nuclear power units in Florida, New Hampshire and Wisconsin. A Fortune 200 company and included in the S&P 100 index, NextEra Energy has been recognized often by third parties for its efforts in sustainability, corporate responsibility, ethics and compliance, and diversity.

Siemens AG Computer Software | Munich, Germany

Siemens AG engages in the production and supply of systems for power generation, power transmission, and medical diagnosis. It operates through the following segments: Power & Gas, Energy Management, Building Technologies, Mobility, Digital Factory, Process Industries & Drives, Siemens Healthcare and Financial Services. The Power and Gas segment offers gas turbines, steam turbines, generators, compressors, power plant solutions, and power and process automation. The Energy Management segment covers high voltage products, low voltage power distribution, power transmission, smart grid solutions and services, transformers, medium voltage switchgear and devices, and energy automation. The Building Technologies segment comprises of automation technologies and services for commercial, industrial, and public buildings and infrastructures. The Mobility segment consists of passenger and freight transportation systems and solutions such as Siemens mobility, green mobility, mobility services, and road and rail solutions. The Digital Factory segment contains solutions such as automation systems, industrial controls, industrial communication, power supplies, electronic car powertrain systems, industry services, industry software, personal computer based automation, motion control, online support, and operator control and monitoring systems. The Process Industries and Drives segment offers standard and customized products, systems, solutions, and services to industry sectors. The Siemens Healthcare segment supplies products in medical imaging, laboratory diagnostics, and information technology solutions to healthcare industry. The Financial Services segment provides business to business financial solutions such as commercial finance, insurance, asset management, project and structured finance, venture capital, and treasury.

Competitors
WEC Energy Group, Inc. Power & Utilities - Milwaukee, WI

WEC Energy Group, Inc. is a holding company, which engages in the generation and distribution of electricity and natural gas. It operates through the following segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility Energy Infrastructure and Corporate & Other. The Wisconsin segment refers to the electric and gas utility operations. The Illinois segment deals with natural gas utility and non-utility activities. The Other States segment pertains to natural gas operations of the firm's subsidiaries. The Electric Transmission segment holds interests in state regulatory commissions. The Non-Utility Energy Infrastructure segment includes Wisconsin Electric Power, which owns and leases generating facilities. The Corporate and Other segment refers to the firm's administrative and holding activities. The company was founded in 1981 and is headquartered in Milwaukee, WI.

Xcel Energy, Inc. Power & Utilities - Minneapolis,

Xcel Energy, Inc. operates as a holding company, which engages in the generation, purchase, transmission, distribution and sale of electricity. It operates through the following three segments: Regulated Electric Utility, Regulated Natural Gas Utility and All Others. The Regulated Electric Utility segment generates, transmits and distributes electricity primarily in portions of generates, transmits and distributes electricity in Minnesota, Wisconsin, Michigan, North Dakota, South Dakota, Colorado, Texas and New Mexico. In addition, this segment includes sales for resale and provides wholesale transmission service to various entities in the United States. It also includes commodity trading operations. The Regulated Natural Gas Utility segment transports, stores, and distributes natural gas primarily in portions of Minnesota, Wisconsin, North Dakota, Michigan and Colorado. The All Others segment engages in steam, appliance repair services, nonutility real estate activities, processing solid waste into refuse-derived fuel and investments in rental housing projects that qualify for low-income housing tax credits. The company was founded in 1909 and is headquartered in Minneapolis, MN.

Alliant Energy Corp. Power & Utilities - Madison, WI

Alliant Energy Corporation is an energy holding company. Providing Midwest utility customers with safe and reliable electric and natural gas services is our top priority. Our corporate headquarters are located in Madison, Wisconsin. General offices are located in Cedar Rapids and Dubuque, Iowa; utility operation facilities are located in communities throughout our utility service territory in Iowa, Minnesota and Wisconsin. Alliant Energy Corporate stock is traded on the New York Stock Exchange under the ticker LNT. Our utility operations provide electricity and natural gas to more than 1.4 million customers in Iowa, Minnesota and Wisconsin. We currently have nearly 4,000 employees working across our service territory. Honesty and integrity have always been important to Alliant Energy, and we're proud to be a company that values ethical behavior.

This web site is not endorsed by, directly affiliated with, maintained, authorized, or sponsored by ALLETE, Inc.. The use of any trade name or trademark is for identification and reference purposes only and does not imply any association with the trademark holder. The Presence of ALLETE, Inc.'s profile does not indicate a business or promotional relationship of any kind between RelSci and ALLETE, Inc..