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: $59.62
  • 50 Day Moving Average: $62.18
  • 200 Day Moving Average: $58.46
  • Trailing P/E Ratio: 19.57
  • Foreward P/E Ratio: 16.89
  • P/E Growth: 3.83
  • Market Cap: $2.94B
  • Outstanding Shares: 49,379,000
  • Beta: 0.55
Additional Links:
Companies Related to Allete:

Analyst Ratings

Consensus Ratings for Allete (NYSE:ALE) (?)
Ratings Breakdown: 1 Sell Rating, 1 Hold Rating, 3 Buy Ratings
Consensus Rating:Hold (Score: 2.40)
Consensus Price Target: $59.88 (0.43% upside)

Analysts' Ratings History for Allete (NYSE:ALE)
Show:
DateFirmActionRatingPrice TargetDetails
7/4/2016JPMorgan Chase & Co.Reiterated RatingSellView Rating Details
7/1/2016KeyCorpReiterated RatingOutperform$61.50 -> $65.50View 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 8/29/2014 forward)

Earnings

Earnings History for Allete (NYSE:ALE)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/1/2016        
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)

Estimates

Earnings Estimates for Allete (NYSE:ALE)
Current Year EPS Consensus Estimate: $3.14 EPS
Next Year EPS Consensus Estimate: $3.53 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$1.00$0.99
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)

Dividends

Current Dividend Information for Allete (NYSE:ALE)
Annual Dividend:$2.08
Dividend Yield:3.49%
Payout Ratio:68.65% (Based on Trailing 12 Months of Earnings)
66.24% (Based on Current Year Consensus EPS Estimate)
58.92% (Based on Next Year Consensus EPS Estimate)
Dividend Growth:3.20% (3 Year Average)

Dividend History for Allete (NYSE:ALE)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
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 History for Allete (NYSE:ALE)
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)

Headlines

Latest Headlines for Allete (NYSE:ALE)
DateHeadline
nasdaq.com logoALE Crosses Critical Technical Indicator (NYSE:ALE)
www.nasdaq.com - August 18 at 3:34 PM
finance.yahoo.com logoALLETE INC Financials (NYSE:ALE)
finance.yahoo.com - August 10 at 3:44 PM
capitalcube.com logoETF’s with exposure to ALLETE, Inc. : August 9, 2016 (NYSE:ALE)
www.capitalcube.com - August 9 at 4:31 PM
capitalcube.com logoALLETE, Inc. breached its 50 day moving average in a Bearish Manner : ALE-US : August 8, 2016 (NYSE:ALE)
www.capitalcube.com - August 8 at 3:28 PM
finance.yahoo.com logoEdited Transcript of ALE earnings conference call or presentation 3-Aug-16 2:00pm GMT (NYSE:ALE)
finance.yahoo.com - August 4 at 11:56 AM
finance.yahoo.com logoALLETE (ALE) Down on Q2 Earnings Miss, Lower Revenues (NYSE:ALE)
finance.yahoo.com - August 4 at 11:56 AM
capitalcube.com logoALLETE, Inc. :ALE-US: Earnings Analysis: Q2, 2016 By the Numbers : August 4, 2016 (NYSE:ALE)
www.capitalcube.com - August 4 at 11:56 AM
nasdaq.com logoALLETE Q2 Profit Rises - Quick Facts (NYSE:ALE)
www.nasdaq.com - August 3 at 3:30 PM
streetinsider.com logoALLETE, Inc. (ALE) Misses Q2 EPS by 1c (NYSE:ALE)
www.streetinsider.com - August 3 at 3:30 PM
sg.finance.yahoo.com logoAllete misses 2Q profit forecasts (NYSE:ALE)
sg.finance.yahoo.com - August 3 at 12:00 PM
publicnow.com logoALLETE, Inc. Reports Second Quarter 2016 Earnings (NYSE:ALE)
www.publicnow.com - August 3 at 12:00 PM
biz.yahoo.com logoQ2 2016 ALLETE Inc Earnings Release - Before Market Open (NYSE:ALE)
biz.yahoo.com - August 3 at 12:00 PM
nasdaq.com logoALE Crosses Above Average Analyst Target (NYSE:ALE)
www.nasdaq.com - August 1 at 3:23 PM
feeds.reuters.com logoBRIEF-Allete files for potential mixed shelf offering (NYSE:ALE)
feeds.reuters.com - August 1 at 11:26 AM
publicnow.com logoALLETE Board of Directors Declares Dividend on Common Stock (NYSE:ALE)
www.publicnow.com - July 28 at 7:08 AM
finance.yahoo.com logoMinnesota Power Seeks Proposals for Large-Scale Wind, Solar Energy, and Customer-Driven Resources (NYSE:ALE)
finance.yahoo.com - July 27 at 4:15 PM
capitalcube.com logoETF’s with exposure to ALLETE, Inc. : July 19, 2016 (NYSE:ALE)
www.capitalcube.com - July 19 at 11:56 AM
publicnow.com logoALLETE to Announce Second Quarter Financial Results on August 3 (NYSE:ALE)
www.publicnow.com - July 11 at 12:43 PM
finance.yahoo.com logoALLETE (ALE) Hits 52-Week High on Strong Growth Potential (NYSE:ALE)
finance.yahoo.com - June 28 at 7:48 AM
News IconNew president named at Allete Clean Energy (NYSE:ALE)
www.duluthnewstribune.com - May 29 at 7:37 PM
News IconCliffs Natural Resources Enters into Agreements with MN Power (NYSE:ALE)
www.fox21online.com - May 26 at 9:59 AM
streetinsider.com logoCliffs Natural Resources (CLF) Enters Agreements with ALLETE (ALE) Unit, Including Long-Term Power Purchase Pact (NYSE:ALE)
www.streetinsider.com - May 26 at 9:59 AM
News IconCliffs Natural Resources announces agreements with Minnesota Power (NYSE:ALE)
steelguru.com - May 26 at 9:59 AM
4-traders.com logoALLETE : Al Rudeck Named President of ALLETE Clean Energy; Eric Norberg to Retire (NYSE:ALE)
www.4-traders.com - May 26 at 9:59 AM
publicnow.com logoAl Rudeck Named President of ALLETE Clean Energy; Eric Norberg to Retire (NYSE:ALE)
www.publicnow.com - May 25 at 11:26 AM
finance.yahoo.com logoAllete upgraded by Williams Capital Group (NYSE:ALE)
finance.yahoo.com - May 25 at 8:28 AM
seekingalpha.com logoCliffs Natural, Allete sign 15-year purchase power deal (NYSE:ALE)
seekingalpha.com - May 24 at 12:28 PM
finance.yahoo.com logoU.S. Water’s Cambridge Facility Wins Minnesota Governor’s Safety Award (NYSE:ALE)
finance.yahoo.com - May 23 at 8:30 AM
capitalcube.com logoALLETE, Inc. breached its 50 day moving average in a Bearish Manner : ALE-US : May 18, 2016 (NYSE:ALE)
www.capitalcube.com - May 18 at 8:16 AM
biz.yahoo.com logoALLETE INC Files SEC form 8-K, Submission of Matters to a Vote of Security Holders (NYSE:ALE)
biz.yahoo.com - May 12 at 6:01 AM
publicnow.com logoCEO Hodnik Tells Shareholders ALLETE Has Sustainable Future (NYSE:ALE)
www.publicnow.com - May 10 at 2:08 PM
capitalcube.com logoALLETE, Inc. :ALE-US: Earnings Analysis: Q1, 2016 By the Numbers (NYSE:ALE)
www.capitalcube.com - May 6 at 10:10 AM
finance.yahoo.com logoEdited Transcript of ALE earnings conference call or presentation 3-May-16 2:00pm GMT (NYSE:ALE)
finance.yahoo.com - May 3 at 2:00 PM
biz.yahoo.com logoQ1 2016 ALLETE Inc Earnings Release - Before Market Open (NYSE:ALE)
biz.yahoo.com - May 3 at 7:07 AM
seekingalpha.com logoAllete downgraded to Hold at Williams Capital (NYSE:ALE)
seekingalpha.com - March 29 at 1:43 PM
biz.yahoo.com logoALLETE INC Files SEC form 10-K, Annual Report (NYSE:ALE)
biz.yahoo.com - February 22 at 5:14 PM
finance.yahoo.com logoALLETE (ALE) Misses Q4 Earnings & Revenues; Shares Fall (NYSE:ALE)
finance.yahoo.com - February 22 at 9:00 AM
capitalcube.com logoALLETE, Inc. Earnings Analysis: 2015 By the Numbers (NYSE:ALE)
www.capitalcube.com - February 19 at 11:22 AM
finance.yahoo.com logoEdited Transcript of ALE earnings conference call or presentation 18-Feb-16 3:00pm GMT (NYSE:ALE)
finance.yahoo.com - February 18 at 9:12 PM
biz.yahoo.com logoQ4 2015 ALLETE Inc Earnings Release - Before Market Open (NYSE:ALE)
biz.yahoo.com - February 18 at 7:07 AM
sg.finance.yahoo.com logoAllete misses 4Q profit forecasts (NYSE:ALE)
sg.finance.yahoo.com - February 18 at 6:53 AM
finance.yahoo.com logoALLETE, Inc. Reports Increased 2015 Earnings (NYSE:ALE)
finance.yahoo.com - February 18 at 6:30 AM
biz.yahoo.com logoALLETE INC Files SEC form 8-K, Results of Operations and Financial Condition (NYSE:ALE)
biz.yahoo.com - February 18 at 6:25 AM
News IconAllete Incorporated (NYSE:ALE) Shorts Decreased by 0.5% After Short Covering - fdanewsalert.com (NYSE:ALE)
www.fdanewsalert.com - February 14 at 2:09 PM
News IconAre Analysts Bullish ALLETE Inc (NYSE:ALE) After Last Week? - Sonoran Weekly Review (NYSE:ALE)
sonoranweeklyreview.com - February 14 at 2:08 PM
biz.yahoo.com logoALLETE INC Files SEC form 8-K, Results of Operations and Financial Condition, Material Impairments (NYSE:ALE)
biz.yahoo.com - February 12 at 6:38 AM
wallstreet.org logoOppenheimer Funds Inc Decreased Stake in Allete Inc (NYSE:ALE) by $14.55 Million as Shares Rose - WallStreet.org (NYSE:ALE)
www.wallstreet.org - February 5 at 2:24 PM
News IconAllete Incorporated (NYSE:ALE) Sellers Increased By 7.13% Their Shorts - fdanewsalert.com (NYSE:ALE)
www.fdanewsalert.com - February 5 at 2:24 PM
News IconThe director of ALLETE Inc (NYSE:ALE), Madeleine Ludlow Sold 200 Shares - fdanewsalert.com (NYSE:ALE)
www.fdanewsalert.com - February 5 at 2:24 PM
investornewswire.com logoRatings and Sentiments Alert: Allete, Inc. (NYSE:ALE) - Investor Newswire (NYSE:ALE)
www.investornewswire.com - February 4 at 2:19 PM

Social

Allete (NYSE:ALE) Chart for Monday, August, 29, 2016


Last Updated on 8/29/2016 by MarketBeat.com Staff