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: $66.59
  • 50 Day Moving Average: $64.30
  • 200 Day Moving Average: $61.72
  • 52-Week Range: $51.29 - $67.11
  • Trailing P/E Ratio: 21.35
  • Foreward P/E Ratio: 18.32
  • P/E Growth: 3.83
  • Market Cap: $3.36B
  • Outstanding Shares: 50,049,000
  • Beta: 0.51
Profitability:
  • 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%
Additional Links:
Companies Related to Allete:

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: $60.83 (9.29% downside)

Analysts' Ratings History for Allete (NYSE:ALE)
Show:
DateFirmActionRatingPrice TargetDetails
11/4/2016GuggenheimInitiated CoverageNeutralView Rating Details
11/3/2016MacquarieInitiated CoverageNeutralView Rating Details
9/12/2016KeyCorpSet Price TargetBuy$65.50View Rating Details
7/4/2016J P Morgan Chase & CoReiterated 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 & CompanyInitiated CoverageMarket PerformView Rating Details
6/26/2015Bank of America CorpDowngradeNeutral -> Underweight$40.00 -> $47.00View Rating Details
5/8/2015Robert W. BairdDowngradeOutperform -> Neutral$60.00 -> $57.00View Rating Details
(Data available from 2/22/2015 forward)

Earnings

Earnings History for Allete (NYSE:ALE)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/1/2017        
2/15/2017Q416$0.73$0.89$384.00 million$341.50 millionViewListenView Earnings Details
11/4/2016Q316$0.96$0.81$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$1.02$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: $3.46 EPS
Next Year EPS Consensus Estimate: $3.66 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$0.70$0.72$0.71
Q1 20171$0.89$0.89$0.89
Q2 20171$0.55$0.55$0.55
Q3 20171$1.26$1.26$1.26
Q4 20171$0.79$0.79$0.79
Q1 20181$1.02$1.02$1.02
Q2 20181$0.68$0.68$0.68
Q3 20181$1.27$1.27$1.27
Q4 20181$0.89$0.89$0.89
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Allete (NYSE:ALE)
Annual Dividend:$2.14
Dividend Yield:3.19%
Dividend Growth:3.10% (3 Year Average)
Payout Ratio:81.99% (Based on Trailing 12 Months of Earnings)
61.85% (Based on Current Year Consensus EPS Estimate)
58.47% (Based on Next Year Consensus EPS Estimate)
Track Record:6 Years of Consecutive Dividend Growth

Dividend History for Allete (NYSE:ALE)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
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 History for Allete (NYSE:ALE)
Insider Ownership Percentage: 0.41%
Institutional Ownership Percentage: 72.57%
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
News IconWhat is the Street Saying About Allete, Inc. (NYSE:ALE)? – Aiken ... - Aiken Advocate (NYSE:ALE)
aikenadvocate.com - February 21 at 3:44 PM
News IconWhat is the Street Saying About Allete, Inc. (NYSE:ALE)? - Aiken Advocate (NYSE:ALE)
aikenadvocate.com - February 21 at 7:04 AM
News IconAnalysts Peer Into Their Crystal Balls For Allete, Inc. (NYSE:ALE): Where Is It headed? - Winfield Review (NYSE:ALE)
winfieldreview.com - February 20 at 3:25 PM
finance.yahoo.com logoALLETE INC Financials (NYSE:ALE)
finance.yahoo.com - February 18 at 3:26 PM
capitalcube.com logoALLETE, Inc. :ALE-US: Earnings Analysis: 2016 By the Numbers : February 17, 2017 (NYSE:ALE)
www.capitalcube.com - February 17 at 3:30 PM
us.rd.yahoo.com logoALLETE, Inc. Reports 2016 Earnings of $3.14 Per Share (NYSE:ALE)
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 (NYSE:ALE)
us.rd.yahoo.com - February 17 at 10:06 AM
streetinsider.com logoALLETE, Inc. (ALE) Tops Q4 EPS by 16c - StreetInsider.com (NYSE:ALE)
www.streetinsider.com - February 16 at 3:32 PM
capitalcube.com logoALLETE, Inc. :ALE-US: Earnings Analysis: Q4, 2016 By the Numbers : February 16, 2017 (NYSE:ALE)
www.capitalcube.com - February 16 at 3:32 PM
News IconALLETE Inc (ALE) Releases Earnings Results, Beats Expectations By $0.17 EPS - Highland Mirror (NYSE:ALE)
www.highlandmirror.com - February 16 at 8:07 AM
sg.finance.yahoo.com logoAllete beats 4Q profit forecasts (NYSE:ALE)
sg.finance.yahoo.com - February 16 at 8:07 AM
biz.yahoo.com logoQ4 2016 ALLETE Inc Earnings Release - Before Market Open (NYSE:ALE)
biz.yahoo.com - February 16 at 8:07 AM
biz.yahoo.com logoALLETE INC Files SEC form 10-K, Annual Report (NYSE:ALE)
biz.yahoo.com - February 16 at 8:07 AM
finance.yahoo.com logoALLETE (ALE) Q4 Earnings Top Estimates, Revenues Disappoint (NYSE:ALE)
finance.yahoo.com - February 16 at 8:07 AM
finance.yahoo.com logoEdited Transcript of ALE earnings conference call or presentation 15-Feb-17 3:00pm GMT (NYSE:ALE)
finance.yahoo.com - February 16 at 8:07 AM
biz.yahoo.com logoALLETE INC Files SEC form 8-K, Other Events, Financial Statements and Exhibits (NYSE:ALE)
biz.yahoo.com - February 16 at 8:07 AM
News IconSADIF Analytics releases new summary due diligence report for ALLETE Inc ($ALE). (NYSE:ALE)
reports.pr-inside.com - February 14 at 9:06 PM
realistinvestor.com logoDeferred Tax Assets Of Allete, Inc. (NYSE:ALE) At $28 Millions - RealistInvestor.com (NYSE:ALE)
www.realistinvestor.com - February 13 at 3:55 PM
finance.yahoo.com logoALLETE (ALE): What's in the Cards this Earnings Season? (NYSE:ALE)
finance.yahoo.com - February 13 at 3:55 PM
News IconStocks Favored by Analysts: Allete, Inc. (NYSE:ALE) Advance Auto Parts Inc (NYSE:AAP) - The Standard (NYSE:ALE)
6milestandard.com - February 12 at 3:26 PM
nasdaq.com logoAllete, Inc. (ALE) Ex-Dividend Date Scheduled for February 13, 2017 - Nasdaq (NYSE:ALE)
www.nasdaq.com - February 10 at 3:55 PM
News IconTrading Roundup: Checking Technicals for ALLETE Inc. (ALE) - Benton Bulletin (NYSE:ALE)
bentonbulletin.com - February 9 at 3:29 PM
News IconTrading Sheet: Reviewing the Levels for ALLETE, Inc. (NYSE:ALE) - Baldwin Journal (NYSE:ALE)
baldwinjournal.com - February 8 at 3:37 PM
News IconLooking Closer at Shares of ALLETE, Inc. (NYSE:ALE) - The Standard (NYSE:ALE)
6milestandard.com - February 7 at 3:54 PM
nasdaq.com logoAllete Reaches Analyst Target Price - Nasdaq (NYSE:ALE)
www.nasdaq.com - February 6 at 3:30 PM
nasdaq.com logoFVD, ALE, BTI, ETN: Large Inflows Detected at ETF - Nasdaq (NYSE:ALE)
www.nasdaq.com - February 3 at 3:33 PM
News IconIndicator Review on Shares of ALLETE Inc. (ALE) - Market Point (NYSE:ALE)
mtptnews.com - February 1 at 3:32 PM
News IconEarnings Parade Rolls On, What Are Analysts Saying About Allete, Inc. (NYSE:ALE)? - Wall Street Beacon (NYSE:ALE)
wsbeacon.com - February 1 at 1:39 AM
News IconStock Perspective: Allete, Inc. (NYSE:ALE) Earnings in View - Aiken Advocate (NYSE:ALE)
aikenadvocate.com - January 31 at 3:36 PM
News IconInvestor Focus: Watching Shares of ALLETE, Inc. (NYSE:ALE) - The Tribune (NYSE:ALE)
lakecitytribune.com - January 30 at 3:38 PM
News IconAre Analysts Predicting a Near-Term Upswing For Allete, Inc. (NYSE:ALE)? - Wall Street Beacon (NYSE:ALE)
wsbeacon.com - January 30 at 3:38 PM
News IconStock Under Review: Checking in on Levels for ALLETE Inc. (ALE) - Market Point (NYSE:ALE)
mtptnews.com - January 29 at 8:25 PM
investornewswire.com logoRating Of Allete, Inc. (NYSE:ALE) Revised To 2.33 - Investor Newswire - Investor Newswire (NYSE:ALE)
www.investornewswire.com - January 28 at 3:27 PM
News IconEarnings in Full Force, Analysts Take Aim at Allete, Inc. (NYSE:ALE ... - Wall Street Beacon (NYSE:ALE)
wsbeacon.com - January 27 at 3:35 PM
us.rd.yahoo.com logoALLETE Board of Directors Raises Quarterly Common Stock Dividend (NYSE:ALE)
us.rd.yahoo.com - January 27 at 1:45 AM
investornewswire.com logoEPS Forecast Of Allete, Inc. (NYSE:ALE) At $0.96 - Investor Newswire (NYSE:ALE)
www.investornewswire.com - January 26 at 8:45 PM
News IconMarket Focus – Tracking These Shares: ALLETE, Inc. (NYSE:ALE) - The Tribune (NYSE:ALE)
lakecitytribune.com - January 26 at 3:43 PM
capitalcube.com logoALLETE, Inc. breached its 50 day moving average in a Bullish Manner : ALE-US : January 26, 2017 (NYSE:ALE)
www.capitalcube.com - January 26 at 3:43 PM
streetinsider.com logoALLETE, Inc. (ALE) Raises Quarterly Dividend 2.9% to $0.535; 3.4% Yield - StreetInsider.com (NYSE:ALE)
www.streetinsider.com - January 25 at 3:32 PM
News IconEarnings in Full Force, Analysts Take Aim at Allete, Inc. (NYSE:ALE) - Wall Street Beacon (NYSE:ALE)
wsbeacon.com - January 25 at 1:52 AM
News IconEarnings According to Analysts for Allete, Inc. (NYSE:ALE)? - Aiken Advocate (NYSE:ALE)
aikenadvocate.com - January 24 at 2:03 AM
News IconGamesa cements its leadership in Mexico with two new orders from Iberdrola for the supply of 325 MW (NYSE:ALE)
www.environmental-expert.com - January 21 at 3:25 PM
News IconSgurrEnergy advises on investment in world’s first floating offshore wind farm (NYSE:ALE)
www.environmental-expert.com - January 20 at 3:46 PM
News IconReviewing Indicator Levels for ALLETE Inc. (ALE) - Springdale Times (NYSE:ALE)
springdaletimes.com - January 19 at 3:48 PM
News IconNotable Runner: Allete Inc (NYSE:ALE) Institutional Investors ... - Baxley Report (NYSE:ALE)
baxleyreport.com - January 19 at 3:48 PM
biz.yahoo.com logoALLETE INC Files SEC form 8-K, Unregistered Sale of Equity Securities (NYSE:ALE)
biz.yahoo.com - January 18 at 3:56 PM
nasdaq.com logoWall Street To Start On Nervous Note (NYSE:ALE)
www.nasdaq.com - January 17 at 10:09 AM
finance.yahoo.com logoLaMarr Barnes Named as CEO U.S. Water Services, Inc. (NYSE:ALE)
finance.yahoo.com - January 17 at 10:09 AM
realistinvestor.com logoQuarterly Deferred Tax Assets Of Allete, Inc. (NYSE:ALE) At $28 Millions (NYSE:ALE)
www.realistinvestor.com - January 17 at 10:09 AM
finance.yahoo.com logoALLETE Names LaMarr Barnes U.S. Water Services CEO (NYSE:ALE)
finance.yahoo.com - January 16 at 8:27 PM

Social

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 declared a quarterly dividend on Wednesday, January 25th. Shareholders of record on Wednesday, February 15th will be given a dividend of $0.535 per share on Wednesday, March 1st. This represents a $2.14 annualized dividend and a dividend yield of 3.19%. The ex-dividend date is Monday, February 13th. This is a boost from Allete's previous quarterly dividend of $0.52.

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

5 brokers have issued 12 month price targets for Allete's stock. Their predictions range from $54.00 to $65.50. On average, they anticipate Allete's stock price to reach $60.83 in the next twelve months.

When will Allete announce their earnings?

Allete is scheduled to release their next quarterly earnings announcement on Monday, May, 1st 2017.

Who owns Allete stock?

Allete's stock is owned by many different of retail and institutional investors. Top institutional shareholders include State Street Corp (2.53%), Franklin Resources Inc. (2.02%), Dimensional Fund Advisors LP (1.94%), Edge Asset Management Inc. (1.35%), Allianz Asset Management AG (1.25%) and RidgeWorth Capital Management LLC (0.91%). Company insiders that own Allete stock include David J Mcmillan, Deborah A Amberg, Madeleine W Ludlow and Steven Wayne Morris.

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 Allianz Asset Management AG, Renaissance Technologies LLC, Employees Retirement System of Texas, RidgeWorth Capital Management LLC, Royce & Associates LP, Lebenthal Asset Management LLC, State Board of Administration of Florida Retirement System and Century Capital Management LLC. Company insiders that have sold Allete stock in the last year include Deborah A Amberg and Steven Wayne Morris.

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 Russell Investments Group Ltd., Polaris Capital Management LLC, State Street Corp, Denver Investment Advisors LLC, Edge Asset Management Inc., Asset Management One Co. Ltd., Zurich Insurance Group Ltd FI and Guggenheim Capital LLC.

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 $67.06.

Allete (NYSE:ALE) Chart for Wednesday, February, 22, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Allete (NYSE:ALE)

Earnings History Chart

Earnings by Quarter for Allete (NYSE:ALE)

Dividend History Chart

Dividend Payments by Quarter for Allete (NYSE:ALE)

Last Updated on 2/22/2017 by MarketBeat.com Staff