Allete is an energy company. Regulated Operations includes Co.'s regulated utilities, its Minnesota Power division and Superior Water, Light and Power Company (SWL&P), as well as its investment in American Transmission Company LLC, a regulated utility that owns and maintains electric transmission assets in parts of Wisconsin, Michigan, Minnesota and Illinois. Minnesota Power provides regulated utility electric service in northeastern Minnesota. SWL&P provides regulated utility electric, natural gas and water service in northwestern Wisconsin. Co.'s regulated utility operations include retail and wholesale activities under the jurisdiction of state and federal regulatory authorities. We show 55 historical shares outstanding datapoints in our ALE shares outstanding history coverage, used to compute ALE market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing ALE market cap history over the course of time is important for investors
interested in comparing ALE's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of ALE versus a peer is one thing; comparing
ALE market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like ALE can fluctuate over the course of history.
With this page we aim to empower investors researching ALE by allowing them to research the ALE market cap history. |
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Video: The Importance of Market Cap
