ALLETE Company Profile (NYSE:ALE)

About ALLETE (NYSE:ALE)

ALLETE logoALLETE, Inc. is an energy company. The Company's segments include Regulated Operations, ALLETE Clean Energy, Inc. (ALLETE Clean Energy), U.S. Water Services Holding Company (U.S. Water Services), and Corporate and Other. The Regulated Operations segment includes its regulated utilities, Minnesota Power, and Superior Water, Light and Power Company, and its investment in American Transmission Company LLC. The ALLETE Clean Energy segment focuses on developing, acquiring and operating clean and renewable energy projects. The U.S. Water Services provides integrated water management for industry by combining chemical, equipment, engineering and service for customized solution. As of December 31, 2016, its Corporate and Other consisted of BNI Energy, Inc. (BNI Energy), its coal mining operations in North Dakota, ALLETE Properties, LLC (ALLETE Properties), its Florida real estate investment and approximately 5,000 acres of land in Minnesota.

Industry, Sector and Symbol:
  • Sector: Utilities
  • Industry: Diversified Utilities
  • Sub-Industry: Electric Utilities
  • Symbol: NYSE:ALE
  • CUSIP: 01852230
  • Web: www.allete.com
Capitalization:
  • Market Cap: $3.66 billion
  • Outstanding Shares: 50,883,000
Average Prices:
  • 50 Day Moving Avg: $69.42
  • 200 Day Moving Avg: $65.74
  • 52 Week Range: $55.58 - $72.39
P/E:
  • Trailing P/E Ratio: 22.64
  • Foreward P/E Ratio: 19.57
  • P/E Growth: 3.97
Sales & Book Value:
  • Annual Revenue: $1.37 billion
  • Price / Sales: 2.67
  • Book Value: $39.33 per share
  • Price / Book: 1.83
Dividend:
  • Annual Dividend: $2.14
  • Dividend Yield: 3.1%
Profitability:
  • EBIDTA: $399.1 million
  • Net Margins: 9.38%
  • Return on Equity: 7.46%
  • Return on Assets: 2.83%
Debt:
  • Debt-to-Equity Ratio: 0.73%
  • Current Ratio: 0.89%
  • Quick Ratio: 0.63%
Misc:
  • Average Volume: 238,339 shs.
  • Beta: 0.51
  • Short Ratio: 3.52
 

Frequently Asked Questions for ALLETE (NYSE:ALE)

What is ALLETE's stock symbol?

ALLETE trades on the New York Stock Exchange (NYSE) under the ticker symbol "ALE."

How often does ALLETE pay dividends? What is the dividend yield for ALLETE?

ALLETE announced a quarterly dividend on Wednesday, April 26th. Shareholders of record on Monday, May 15th will be paid a dividend of $0.535 per share on Thursday, June 1st. This represents a $2.14 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date is Thursday, May 11th. View ALLETE's Dividend History.

How were ALLETE's earnings last quarter?

ALLETE Inc (NYSE:ALE) issued its quarterly earnings data on Thursday, May, 4th. The company reported $0.97 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.94 by $0.03. The company earned $365.60 million during the quarter, compared to analyst estimates of $338 million. ALLETE had a net margin of 9.38% and a return on equity of 7.46%. The business's revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period last year, the firm earned $0.93 earnings per share. View ALLETE's Earnings History.

When will ALLETE make its next earnings announcement?

ALLETE is scheduled to release their next quarterly earnings announcement on Tuesday, August, 1st 2017. View Earnings Estimates for ALLETE.

Where is ALLETE's stock going? Where will ALLETE's stock price be in 2017?

5 brokerages have issued 12-month price targets for ALLETE's shares. Their predictions range from $65.50 to $75.00. On average, they anticipate ALLETE's stock price to reach $70.25 in the next twelve months. View Analyst Ratings for ALLETE.

Who are some of ALLETE's key competitors?

Who owns ALLETE stock?

ALLETE's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (0.00%), Vanguard Group Inc. (0.00%), Victory Capital Management Inc. (0.00%), State Street Corp (2.51%), Dimensional Fund Advisors LP (0.00%) and Bank of New York Mellon Corp (1.73%). Company insiders that own ALLETE stock include David J Mcmillan, Deborah A Amberg, Madeleine W Ludlow, Steven Q Devinck and Steven Wayne Morris. View Institutional Ownership Trends for ALLETE.

Who sold ALLETE stock? Who is selling ALLETE stock?

ALLETE's stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Goldman Sachs Group Inc., JPMorgan Chase & Co., AQR Capital Management LLC, Denver Investment Advisors LLC, Martingale Asset Management L P, Kennedy Capital Management Inc. and Duff & Phelps Investment Management Co.. View Insider Buying and Selling for ALLETE.

Who bought ALLETE stock? Who is buying ALLETE stock?

ALLETE's stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Mesirow Financial Investment Management Equity Management, Vanguard Group Inc., BlueCrest Capital Management Ltd, Peregrine Capital Management LLC, American Century Companies Inc., Blackstart Capital LP and Asset Management One Co. Ltd.. View Insider Buying and Selling for ALLETE.

How do I buy ALLETE stock?

Shares of ALLETE can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of ALLETE stock cost?

One share of ALLETE stock can currently be purchased for approximately $72.00.

Analyst Ratings

Consensus Ratings for ALLETE (NYSE:ALE) (?)
Ratings Breakdown: 1 Sell Rating, 2 Hold Ratings, 2 Buy Ratings
Consensus Rating:Hold (Score: 2.20)
Consensus Price Target: $70.25 (2.43% downside)

Analysts' Ratings History for ALLETE (NYSE:ALE)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
4/21/2017Williams CapitalBoost Price TargetBuy -> Buy$70.00 -> $75.00MediumView Rating Details
11/4/2016GuggenheimInitiated CoverageNeutralN/AView Rating Details
11/3/2016MacquarieInitiated CoverageNeutralN/AView Rating Details
9/12/2016KeyCorpSet Price TargetBuy$65.50N/AView Rating Details
7/4/2016JPMorgan Chase & Co.Reiterated RatingSellN/AView Rating Details
2/19/2016WunderlichBoost Price TargetBuy$55.00 -> $57.00N/AView Rating Details
10/15/2015Wells Fargo & CoInitiated CoverageMarket PerformN/AView Rating Details
6/26/2015Bank of America CorpDowngradeNeutral -> Underweight$40.00 -> $47.00N/AView Rating Details
(Data available from 5/25/2015 forward)

Earnings

Earnings History for ALLETE (NYSE:ALE)
Earnings by Quarter for ALLETE (NYSE:ALE)
Earnings History by Quarter for ALLETE (NYSE:ALE)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
8/1/2017        
5/4/2017Q1 2017$0.94$0.97$338.00 million$365.60 millionViewListenView Earnings Details
2/15/2017Q416$0.73$0.89$384.00 million$341.50 millionViewListenView Earnings Details
11/4/2016Q316$0.96$0.99$205.30 million$349.60 millionViewN/AView Earnings Details
8/3/2016Q216$0.51$0.50$326.70 million$314.80 millionViewN/AView Earnings Details
5/3/2016Q116$0.90$0.93$355.90 million$333.80 millionViewN/AView Earnings Details
2/18/2016Q415$0.78$0.37$417.00 million$382.60 millionViewListenView Earnings Details
11/3/2015Q315$1.00$1.23$354.00 million$462.50 millionViewListenView Earnings Details
8/4/2015Q215$0.50$0.48$303.00 million$323.30 millionViewListenView Earnings Details
5/7/2015Q115$0.87$0.91$314.90 million$320.00 millionViewN/AView Earnings Details
2/17/2015Q414$0.68$0.73$269.20 million$290.70 millionViewN/AView Earnings Details
11/3/2014Q314$0.72$0.97$274.20 million$288.90 millionViewListenView Earnings Details
8/1/2014Q214$0.44$0.46$257.10 million$260.70 millionViewN/AView Earnings Details
5/7/2014Q114$0.85$0.83$286.80 million$296.50 millionViewN/AView Earnings Details
2/13/2014Q413$0.84$0.82$260.90 million$268.00 millionViewN/AView Earnings Details
11/1/2013Q313$0.76$0.78$248.80 million$251.00 millionViewN/AView Earnings Details
8/1/2013Q2 2013$0.41$0.35$233.95 million$235.60 millionViewN/AView Earnings Details
5/8/2013Q1 2013$0.75$0.83$249.20 million$263.80 millionViewN/AView Earnings Details
2/15/2013Q4 2012$0.75$0.75$249.25 million$256.00 millionViewN/AView Earnings Details
10/31/2012$0.73$0.78ViewN/AView Earnings Details
8/2/2012$0.39$0.39ViewN/AView Earnings Details
5/2/2012$0.80$0.66ViewN/AView Earnings Details
2/15/2012$0.57$0.53ViewN/AView Earnings Details
11/2/2011$0.54$0.57ViewN/AView Earnings Details
7/29/2011$0.47$0.48ViewN/AView Earnings Details
4/29/2011$0.81$1.07ViewN/AView Earnings Details
2/16/2011$0.44$0.38ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for ALLETE (NYSE:ALE)
2017 EPS Consensus Estimate: $3.53
2018 EPS Consensus Estimate: $3.90
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172$0.89$0.98$0.94
Q2 20171$0.55$0.55$0.55
Q3 20171$1.27$1.27$1.27
Q4 20171$0.77$0.77$0.77
Q1 20181$1.02$1.02$1.02
Q2 20181$0.69$0.69$0.69
Q3 20181$1.30$1.30$1.30
Q4 20181$0.89$0.89$0.89
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for ALLETE (NYSE:ALE)
Next Dividend:6/1/2017
Annual Dividend:$2.14
Dividend Yield:2.97%
Dividend Growth:3.10% (3 Year Average)
Payout Ratio:81.99% (Trailing 12 Months of Earnings)
61.32% (Based on This Year's Estimates)
58.15% (Based on Next Year's Estimates)
Track Record:6 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for ALLETE (NYSE:ALE)

Dividend History by Quarter for ALLETE (NYSE:ALE)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
4/26/2017quarterly$0.543.01%5/11/20175/15/20176/1/2017
1/25/2017quarterly$0.543.33%2/13/20172/15/20173/1/2017
10/28/2016quarterly$0.523.39%11/10/201611/15/201612/1/2016
7/28/2016quarterly$0.523.26%8/11/20168/15/20169/1/2016
4/21/2016quarterly$0.523.82%5/12/20165/16/20166/1/2016
1/22/2016quarterly$0.524.04%2/11/20162/16/20163/1/2016
11/2/2015quarterly$0.513.94%11/12/201511/16/201512/1/2015
7/31/2015quarterly$0.514.17%8/12/20158/14/20159/1/2015
4/30/2015quarterly$0.514.04%5/13/20155/15/20156/1/2015
1/23/2015quarterly$0.513.44%2/11/20152/16/20153/1/2015
10/30/2014quarterly$0.493.75%11/12/201411/14/201412/1/2014
7/31/2014quarterly$0.494.09%8/13/20148/15/20149/1/2014
5/1/2014quarterly$0.493.89%5/13/20145/15/20146/1/2014
1/30/2014quarterly$0.493.92%2/12/20142/14/20143/1/2014
10/28/2013quarterly$0.483.7%11/13/201311/15/201312/1/2013
7/29/2013quarterly$0.483.54%8/13/20138/15/20139/1/2013
5/1/2013quarterly$0.483.74%5/13/20135/15/20136/1/2013
1/23/2013quarterly$0.484.24%2/13/20132/15/20133/1/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for ALLETE (NYSE:ALE)
Insider Ownership Percentage: 0.41%
Institutional Ownership Percentage: 72.57%
Insider Trades by Quarter for ALLETE (NYSE:ALE)
Institutional Ownership by Quarter for ALLETE (NYSE:ALE)
Insider Trades by Quarter for ALLETE (NYSE:ALE)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
5/9/2017Steven Q. DevinckInsiderSell2,000$69.67$139,340.00View SEC Filing  
5/6/2016Steven Wayne MorrisInsiderSell392$56.15$22,010.80View SEC Filing  
3/9/2016Deborah A AmbergVPSell14,722$55.90$822,959.80View SEC Filing  
2/1/2016Madeleine W. LudlowDirectorSell200$52.62$10,524.00View SEC Filing  
1/1/2016Madeleine W LudlowDirectorSell200$50.08$10,016.00View SEC Filing  
8/17/2015David J McmillanSVPSell4,019$52.00$208,988.00View SEC Filing  
3/16/2015Deborah A AmbergVPSell6,004$53.58$321,694.32View SEC Filing  
12/3/2014David J McmillanSVPSell4,109$52.11$214,119.99View SEC Filing  
9/2/2014Deborah A AmbergVPSell3,549$48.42$171,842.58View SEC Filing  
8/6/2014Robert John AdamsVPSell1,389$47.47$65,935.83View SEC Filing  
8/7/2013Robert John AdamsVPSell9,790$51.59$505,066.10View SEC Filing  
5/17/2013Robert John AdamsVPSell3,411$50.82$173,347.02View SEC Filing  
5/15/2013Donald W StellmakerVPSell3,387$50.70$171,720.90View SEC Filing  
5/13/2013Steven Q DevinckVPSell3,557$50.67$180,233.19View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for ALLETE (NYSE:ALE)
Latest Headlines for ALLETE (NYSE:ALE)
Source:
DateHeadline
finance.yahoo.com logoSquare Butte Electric Cooperative -- Moody's changes Square Butte Electric outlook to stable from positive; Baa1 rating affirmed
finance.yahoo.com - May 18 at 3:27 PM
finance.yahoo.com logoALLETE, Inc. : ALE-US: Dividend Analysis : May 15th, 2017 (record date) : By the numbers : May 12, 2017
finance.yahoo.com - May 12 at 4:00 PM
americanbankingnews.com logoInsider Selling: ALLETE Inc (ALE) Insider Sells 2,000 Shares of Stock
www.americanbankingnews.com - May 11 at 1:16 PM
nasdaq.com logoEx-Dividend Reminder: Southern, Allete and Otter Tail
www.nasdaq.com - May 10 at 9:23 AM
finance.yahoo.com logoALLETE CEO Describes Growing North American Footprint at Annual Meeting of Shareholders
finance.yahoo.com - May 9 at 3:28 PM
americanbankingnews.com logoZacks: Analysts Expect ALLETE Inc (ALE) to Post $0.54 Earnings Per Share
www.americanbankingnews.com - May 5 at 10:21 PM
finance.yahoo.com logoEdited Transcript of ALE earnings conference call or presentation 4-May-17 2:00pm GMT
finance.yahoo.com - May 5 at 8:29 PM
finance.yahoo.com logoALLETE (ALE) Surpasses Q1 Earnings and Revenue Estimates
finance.yahoo.com - May 5 at 3:28 PM
americanbankingnews.com logoALLETE Inc (ALE) Given Consensus Rating of "Hold" by Brokerages
www.americanbankingnews.com - May 5 at 9:50 AM
americanbankingnews.com logoALLETE Inc (ALE) Releases Earnings Results
www.americanbankingnews.com - May 4 at 3:36 PM
rttnews.com logoAllete Inc Earnings Rise 7% In Q1
www.rttnews.com - May 4 at 3:29 PM
finance.yahoo.com logoALLETE, Inc. Reports Higher First Quarter 2017 Earnings
finance.yahoo.com - May 4 at 3:29 PM
finance.yahoo.com logoAllete beats 1Q profit forecasts
finance.yahoo.com - May 4 at 3:29 PM
finance.yahoo.com logoAllete (ALE) to Report Q1 Earnings: Will the Stock Surprise?
finance.yahoo.com - May 3 at 3:29 PM
americanbankingnews.com logoALLETE (ALE) Earning Somewhat Favorable Media Coverage, Report Finds
www.americanbankingnews.com - May 3 at 10:21 AM
americanbankingnews.com logoALLETE Inc (ALE) to Release Earnings on Thursday
www.americanbankingnews.com - May 2 at 7:18 AM
americanbankingnews.com logoALLETE (ALE) Receiving Somewhat Critical News Coverage, Report Shows
www.americanbankingnews.com - April 29 at 8:17 AM
americanbankingnews.com logoALLETE Inc (ALE) to Issue $0.54 Quarterly Dividend
www.americanbankingnews.com - April 26 at 3:04 PM
americanbankingnews.com logoFavorable Media Coverage Likely to Affect ALLETE (ALE) Share Price
www.americanbankingnews.com - April 26 at 2:16 PM
finance.yahoo.com logoALLETE Board of Directors Declares Dividend on Common Stock
finance.yahoo.com - April 26 at 7:33 AM
americanbankingnews.com logoALLETE Inc (ALE) Lifted to Hold at Zacks Investment Research
www.americanbankingnews.com - April 25 at 8:54 PM
finance.yahoo.com logoETFs with exposure to ALLETE, Inc. : April 24, 2017
finance.yahoo.com - April 24 at 3:28 PM
americanbankingnews.com logoWilliams Capital Research Analysts Increase Earnings Estimates for ALLETE Inc (ALE)
www.americanbankingnews.com - April 24 at 8:44 AM
americanbankingnews.com logoALLETE (ALE) Earning Positive News Coverage, Analysis Shows
www.americanbankingnews.com - April 23 at 7:52 AM
americanbankingnews.com logoWilliams Capital Increases ALLETE Inc (ALE) Price Target to $75.00
www.americanbankingnews.com - April 22 at 12:05 AM
americanbankingnews.com logoALLETE (ALE) Earning Negative Media Coverage, Study Finds
www.americanbankingnews.com - April 20 at 8:49 AM
americanbankingnews.com logoALLETE (ALE) Receiving Very Positive News Coverage, Analysis Shows
www.americanbankingnews.com - April 17 at 11:41 AM
americanbankingnews.com logoALLETE (ALE) Given Daily Media Impact Score of 0.15
www.americanbankingnews.com - April 13 at 1:34 PM
americanbankingnews.com logoEquities Analysts Issue Forecasts for ALLETE Inc's Q1 2017 Earnings (ALE)
www.americanbankingnews.com - April 13 at 8:08 AM
americanbankingnews.com logoZacks Investment Research Downgrades ALLETE Inc (ALE) to Sell
www.americanbankingnews.com - April 10 at 9:02 PM
finance.yahoo.com logoALLETE to Announce First Quarter Financial Results on May 4
finance.yahoo.com - April 10 at 3:28 PM
americanbankingnews.com logoALLETE Inc (ALE) Receives Consensus Rating of "Hold" from Brokerages
www.americanbankingnews.com - April 10 at 9:50 AM
americanbankingnews.com logoALLETE Inc (ALE) Rating Increased to Hold at Zacks Investment Research
www.americanbankingnews.com - April 4 at 11:10 PM
americanbankingnews.com logoALLETE Inc (ALE) Upgraded to "Hold" by Zacks Investment Research
www.americanbankingnews.com - March 31 at 9:27 AM
americanbankingnews.com logoALLETE Inc (ALE) Upgraded by Zacks Investment Research to Hold
www.americanbankingnews.com - March 27 at 7:36 PM
finance.yahoo.com logoAl Bly, Founder and Former CEO of U.S. Water, Announces His Retirement from the Water Treatment Industry
finance.yahoo.com - March 27 at 3:36 PM
streetinsider.com logoALLETE, Inc. (ALE) Signs 100MW Power Purchase Agreement for New North Dakota Wind Farm - StreetInsider.com
www.streetinsider.com - March 18 at 1:23 AM
nasdaq.com logoAllete Reaches Analyst Target Price
www.nasdaq.com - March 16 at 4:57 PM
streetinsider.com logoALLETE, Inc. (ALE) Signs 100MW Power Purchase Agreement for New North Dakota Wind Farm
www.streetinsider.com - March 16 at 4:57 PM
us.rd.yahoo.com logoALLETE Clean Energy, Xcel Energy Sign 100 MW Power Purchase Agreement for New North Dakota Wind Farm
us.rd.yahoo.com - March 16 at 4:57 PM
streetinsider.com logoALLETE, Inc. (ALE) CFO Role Handed to Bob Adams Following Retirement of Steve DeVinck - StreetInsider.com
www.streetinsider.com - March 4 at 3:25 PM
us.rd.yahoo.com logoBob Adams to Assume Position of ALLETE Chief Financial Officer
us.rd.yahoo.com - March 3 at 8:44 PM
finance.yahoo.com logoMinnesota Power Asks Regulators to Consider a Reduced Rate Request
finance.yahoo.com - February 28 at 8:31 PM
finance.yahoo.com logo4:47 pm Allete's Minnesota Power filed updated request with the Minnesota Public Utilities Commission to reduce the amount of its current rate request from $55 million to approx $39 million
finance.yahoo.com - February 28 at 8:31 PM
finance.yahoo.com logoALLETE INC Financials
finance.yahoo.com - February 18 at 3:26 PM
us.rd.yahoo.com logoALLETE, Inc. Reports 2016 Earnings of $3.14 Per Share
us.rd.yahoo.com - February 17 at 10:06 AM
us.rd.yahoo.com logo6:32 am Allete beats by $0.17, misses on revs
us.rd.yahoo.com - February 17 at 10:06 AM
streetinsider.com logoALLETE, Inc. (ALE) Tops Q4 EPS by 16c - StreetInsider.com
www.streetinsider.com - February 16 at 3:32 PM
biz.yahoo.com logoQ4 2016 ALLETE Inc Earnings Release - Before Market Open
biz.yahoo.com - February 16 at 8:07 AM
biz.yahoo.com logoALLETE INC Files SEC form 10-K, Annual Report
biz.yahoo.com - February 16 at 8:07 AM

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Chart

ALLETE (ALE) Chart for Thursday, May, 25, 2017

This page was last updated on 5/25/2017 by MarketBeat.com Staff