Allete Inc (ALE) Stock
ALE is no longer traded. Allete was taken private by CPP Investments and GIP in December 2025.
Each ALE share was exchanged for $67.00 in cash. Prices on this page are historical; the last trade was December 12, 2025 at $67.90.
Allete stock price history
ALE final trading statistics
- Final close
- $67.90
- Final trading day
- Dec 12, 2025
- Market cap at delisting
- $3.94B
- Shares outstanding
- 58.10M
- Final 52-week range
- $62.38 – $67.99
- Avg. volume (final 3 mo.)
- 820,949
- All-time high (split-adj.)
- $68.36 · Sep 2019
- All-time low (split-adj.)
- $0.07 · Sep 1974
- Return since IPO
- +54746.5%
- Beta
- 0.82
- Book value / share
- $49.09
- Price / book
- 1.38
Allete annual financials
| Fiscal year | Revenue | Net income | EPS |
|---|---|---|---|
| FY2024 | $1.53B | $179.3M | $3.10 |
| FY2023 | $1.88B | $247.1M | $4.30 |
| FY2022 | $1.57B | $189.3M | $3.48 |
| FY2021 | $1.42B | $169.2M | $3.23 |
| FY2020 | $1.17B | $174.2M | $3.35 |
Last five fiscal years reported before the delisting; fiscal year ending December. EPS is adjusted (non-GAAP) EPS as reported. Source: company filings via EODHD.
About Allete Inc
ALLETE, Inc. operates as an energy company. The company operates in two segments, Regulated Operations and ALLETE Clean Energy. It generates electricity from coal-fired, biomass co-fired/natural gas, hydro, wind, and solar. The company also provides regulated utility electric services in northeastern Minnesota to approximately 150,000 retail customers and 14 non-affiliated municipal customers in Minnesota; and regulated utility electric, natural gas, and water services in northwestern Wisconsin to approximately 15,000 electric customers, 13,000 natural gas customers, and 10,000 water customers. In addition, it owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illinois. Further, the company focuses on acquiring, developing, and operating clean and renewable energy projects; and owns, develops, and operates approximately 1,600 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 154 substations with a total capacity of 10,647 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.
Allete stock FAQ
What happened to Allete stock?
Allete was taken private by CPP Investments and GIP in December 2025. Shareholders received $67.00 in cash for each share. ALE stock stopped trading on the NYSE, with a final close of $67.90 on December 12, 2025.
What did Allete shareholders receive?
Each ALE share was converted into $67.00 in cash. The deal was valued at about $6.2 billion.
Is ALE stock still trading?
No. ALE was delisted from the NYSE in December 2025 and no longer trades on a U.S. exchange.
What was the last price of ALE stock?
ALE closed at $67.90 on its final trading day, December 12, 2025, for a market value of about $3.94B.
What were Allete's revenue and earnings in its last full fiscal year?
Allete reported revenue of $1.53B and net income of $179.3M in fiscal 2024, its last full year as a public company.
When did Allete go public?
Allete Inc stock began trading on May 3, 1973.