Allete Company Profile (NYSE:ALE)

About Allete

Allete logoALLETE, Inc. is an energy company. The Company operates through three segments. The Regulated Operations segment includes its regulated utilities, Minnesota Power and Superior Water, Light and Power Company (SWL&P), as well as its investment in American Transmission Company LLC (ATC), a regulated utility that owns and maintains electric transmission assets. Its regulated utility operations include retail and wholesale activities. The ALLETE Clean Energy segment focuses on developing, acquiring and operating clean and renewable energy projects. The ALLETE Clean Energy segment owns and operates in approximately four states with over 530 megawatt (MW) nameplate capacity wind energy generation. Its U.S. Water Services segment provides integrated water management for industry by combining chemical, equipment, engineering and service for customized solutions. Its U.S. Water Services segment serves the food and beverage, industrial, power generation, and midstream oil and gas industries.

Industry, Sector and Symbol:
  • Sector: Utilities
  • Industry: Diversified Utilities
  • Sub-Industry: Electric Utilities
  • Exchange: NYSE
  • Symbol: ALE
  • CUSIP: 01852230
Key Metrics:
  • Previous Close: $59.56
  • 50 Day Moving Average: $59.49
  • 200 Day Moving Average: $59.71
  • 52-Week Range: $47.93 - $65.41
  • Trailing P/E Ratio: 19.56
  • Foreward P/E Ratio: 16.93
  • P/E Growth: 3.68
  • Market Cap: $2.94B
  • Outstanding Shares: 49,379,000
  • Beta: 0.52
  • Net Margins: 10.02%
  • Return on Equity: 8.13%
  • Return on Assets: 3.05%
  • Debt-to-Equity Ratio: 0.81%
  • Current Ratio: 1.30%
  • Quick Ratio: 0.90%
Additional Links:
Companies Related to Allete:

Analyst Ratings

Consensus Ratings for Allete (NYSE:ALE) (?)
Ratings Breakdown: 1 Sell Rating, 3 Buy Ratings
Consensus Rating:Buy (Score: 2.50)
Consensus Price Target: $59.88 (0.50% upside)

Analysts' Ratings History for Allete (NYSE:ALE)
DateFirmActionRatingPrice TargetDetails
9/12/2016KeyCorpSet Price TargetBuy$65.50View Rating Details
7/4/2016JPMorgan Chase & Co.Reiterated RatingSellView Rating Details
5/25/2016Williams CapitalUpgradeHold -> Buy$60.00 -> $63.00View Rating Details
2/19/2016WunderlichBoost Price TargetBuy$55.00 -> $57.00View Rating Details
10/15/2015Wells Fargo & Co.Initiated CoverageMarket PerformView Rating Details
6/26/2015Bank of America Corp.DowngradeNeutral -> Underweight$40.00 -> $47.00View Rating Details
5/8/2015Robert W. BairdDowngradeOutperform -> Neutral$60.00 -> $57.00View Rating Details
(Data available from 10/25/2014 forward)


Earnings History for Allete (NYSE:ALE)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
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$1.02$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$0.45$269.20 million$290.70 millionViewN/AView Earnings Details
11/3/2014Q314$0.70$0.97$274.20 million$288.90 millionViewListenView Earnings Details
8/1/2014Q214$0.45$0.46$257.10 million$260.70 millionViewN/AView Earnings Details
5/7/2014Q114$0.86$0.80$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)


Earnings Estimates for Allete (NYSE:ALE)
Current Year EPS Consensus Estimate: $3.12 EPS
Next Year EPS Consensus Estimate: $3.52 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20163$0.87$0.96$0.91
Q2 20162$0.52$0.60$0.56
Q3 20162$0.97$0.98$0.98
Q4 20162$0.72$0.77$0.75
Q1 20171$1.05$1.05$1.05
Q2 20171$0.63$0.63$0.63
Q3 20171$1.12$1.12$1.12
Q4 20171$0.85$0.85$0.85
Q1 20181$1.11$1.11$1.11
Q2 20181$0.69$0.69$0.69
(Data provided by Zacks Investment Research)


Current Dividend Information for Allete (NYSE:ALE)
Annual Dividend:$2.08
Dividend Yield:3.49%
Dividend Growth:3.20% (3 Year Average)
Payout Ratio:68.65% (Based on Trailing 12 Months of Earnings)
66.67% (Based on Current Year Consensus EPS Estimate)
59.09% (Based on Next Year Consensus EPS Estimate)
Track Record:5 Years of Consecutive Dividend Growth

Dividend History for Allete (NYSE:ALE)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Allete (NYSE:ALE)
Insider Ownership Percentage: 0.41%
Institutional Ownership Percentage: 71.21%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
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)


Latest Headlines for Allete (NYSE:ALE)
DateHeadline logoALLETE Minnesota Power to Retire Coal-Fired Boswell Units (NYSE:ALE) - October 20 at 9:16 AM logoALLETE : Decision to Retire Two Small Coal Units Consistent with Minnesota Power's EnergyForward Plan (NYSE:ALE) - October 19 at 4:14 PM logoDecision to Retire Two Small Coal Units Consistent with Minnesota Power's EnergyForward Plan (NYSE:ALE) - October 19 at 4:14 PM logoETF’s with exposure to ALLETE, Inc. : October 18, 2016 (NYSE:ALE) - October 18 at 3:26 PM logoALLETE, Inc. : ALE-US: Dividend Analysis : August 15th, 2016 (record date) : By the numbers : October 17, 2016 (NYSE:ALE) - October 17 at 3:23 PM logoMinnesota Power Reaches Five-Year Contract to Supply Electricity to U.S. Steel (NYSE:ALE) - October 11 at 3:29 PM logoALLETE to Announce Third Quarter Financial Results on November 4 (NYSE:ALE) - October 6 at 9:09 AM logoETF’s with exposure to ALLETE, Inc. : October 5, 2016 (NYSE:ALE) - October 5 at 3:56 PM logoALLETE, Inc. breached its 50 day moving average in a Bearish Manner : ALE-US : September 28, 2016 (NYSE:ALE) - September 28 at 3:23 PM logoALLETE INC Files SEC form 8-K, Change in Directors or Principal Officers (NYSE:ALE) - September 27 at 3:32 PM logoMinnesota Power Deploys Smart Wires to Optimize Its Grid and Save Customers Money (NYSE:ALE) - September 27 at 3:32 PM logoALLETE : Chief Financial Officer Steve DeVinck Announces Retirement Plans as Part of Planned Transition (NYSE:ALE) - September 26 at 8:26 PM logoALLETE, Inc. (ALE) CFO Steve DeVinck to Retire (NYSE:ALE) - September 26 at 8:26 PM logoALLETE : U.S. Water’s PhosZero™ Chemistry Named Finalist in R&D 100 Awards (NYSE:ALE) - September 23 at 3:50 PM logoU.S. Water’s PhosZero™ Chemistry Named Finalist in R&D 100 Awards (NYSE:ALE) - September 23 at 3:50 PM logoETF’s with exposure to ALLETE, Inc. : September 15, 2016 (NYSE:ALE) - September 15 at 12:18 PM logoALE Crosses Critical Technical Indicator (NYSE:ALE) - August 18 at 3:34 PM logoALLETE INC Financials (NYSE:ALE) - August 10 at 3:44 PM logoETF’s with exposure to ALLETE, Inc. : August 9, 2016 (NYSE:ALE) - August 9 at 4:31 PM logoALLETE, Inc. breached its 50 day moving average in a Bearish Manner : ALE-US : August 8, 2016 (NYSE:ALE) - August 8 at 3:28 PM logoEdited Transcript of ALE earnings conference call or presentation 3-Aug-16 2:00pm GMT (NYSE:ALE) - August 4 at 11:56 AM logoALLETE (ALE) Down on Q2 Earnings Miss, Lower Revenues (NYSE:ALE) - August 4 at 11:56 AM logoALLETE, Inc. :ALE-US: Earnings Analysis: Q2, 2016 By the Numbers : August 4, 2016 (NYSE:ALE) - August 4 at 11:56 AM logoALLETE Q2 Profit Rises - Quick Facts (NYSE:ALE) - August 3 at 3:30 PM logoALLETE, Inc. (ALE) Misses Q2 EPS by 1c (NYSE:ALE) - August 3 at 3:30 PM logoAllete misses 2Q profit forecasts (NYSE:ALE) - August 3 at 12:00 PM logoALLETE, Inc. Reports Second Quarter 2016 Earnings (NYSE:ALE) - August 3 at 12:00 PM logoQ2 2016 ALLETE Inc Earnings Release - Before Market Open (NYSE:ALE) - August 3 at 12:00 PM logoALE Crosses Above Average Analyst Target (NYSE:ALE) - August 1 at 3:23 PM logoBRIEF-Allete files for potential mixed shelf offering (NYSE:ALE) - August 1 at 11:26 AM logoALLETE Board of Directors Declares Dividend on Common Stock (NYSE:ALE) - July 28 at 7:08 AM logoMinnesota Power Seeks Proposals for Large-Scale Wind, Solar Energy, and Customer-Driven Resources (NYSE:ALE) - July 27 at 4:15 PM logoETF’s with exposure to ALLETE, Inc. : July 19, 2016 (NYSE:ALE) - July 19 at 11:56 AM logoALLETE to Announce Second Quarter Financial Results on August 3 (NYSE:ALE) - July 11 at 12:43 PM logoALLETE (ALE) Hits 52-Week High on Strong Growth Potential (NYSE:ALE) - June 28 at 7:48 AM
News IconNew president named at Allete Clean Energy (NYSE:ALE) - May 29 at 7:37 PM
News IconCliffs Natural Resources Enters into Agreements with MN Power (NYSE:ALE) - May 26 at 9:59 AM logoCliffs Natural Resources (CLF) Enters Agreements with ALLETE (ALE) Unit, Including Long-Term Power Purchase Pact (NYSE:ALE) - May 26 at 9:59 AM
News IconCliffs Natural Resources announces agreements with Minnesota Power (NYSE:ALE) - May 26 at 9:59 AM logoALLETE : Al Rudeck Named President of ALLETE Clean Energy; Eric Norberg to Retire (NYSE:ALE) - May 26 at 9:59 AM logoAl Rudeck Named President of ALLETE Clean Energy; Eric Norberg to Retire (NYSE:ALE) - May 25 at 11:26 AM logoAllete upgraded by Williams Capital Group (NYSE:ALE) - May 25 at 8:28 AM logoCliffs Natural, Allete sign 15-year purchase power deal (NYSE:ALE) - May 24 at 12:28 PM logoU.S. Water’s Cambridge Facility Wins Minnesota Governor’s Safety Award (NYSE:ALE) - May 23 at 8:30 AM logoALLETE, Inc. breached its 50 day moving average in a Bearish Manner : ALE-US : May 18, 2016 (NYSE:ALE) - May 18 at 8:16 AM logoALLETE INC Files SEC form 8-K, Submission of Matters to a Vote of Security Holders (NYSE:ALE) - May 12 at 6:01 AM logoCEO Hodnik Tells Shareholders ALLETE Has Sustainable Future (NYSE:ALE) - May 10 at 2:08 PM logoALLETE, Inc. :ALE-US: Earnings Analysis: Q1, 2016 By the Numbers (NYSE:ALE) - May 6 at 10:10 AM logoEdited Transcript of ALE earnings conference call or presentation 3-May-16 2:00pm GMT (NYSE:ALE) - May 3 at 2:00 PM logoQ1 2016 ALLETE Inc Earnings Release - Before Market Open (NYSE:ALE) - May 3 at 7:07 AM


Allete (NYSE:ALE) Chart for Tuesday, October, 25, 2016

Last Updated on 10/25/2016 by Staff