| Allete is an energy company. Co.'s segments are: Regulated Operations, which include its regulated utilities, Minnesota Power, and Superior Water, Light and Power Company, and its investment in American Transmission Company LLC; ALLETE Clean Energy, Inc., which focuses on developing, acquiring, and operating renewable energy projects; and U.S. Water Services Holding Company, which provides integrated water management for industry by combining chemical, equipment, engineering and service. Co.'s Corporate and Other is comprised of BNI Energy, Inc., Co.'s coal mining operations in North Dakota, and Co.'s investment in Nobles 2, ALLETE Properties, LLC, Co.'s Florida real estate investment. We show 37 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.