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: Electric Utilities
  • Sub-Industry: Electric Utilities
  • Symbol: NYSE:ALE
  • CUSIP: 01852230
  • Web: www.allete.com
Capitalization:
  • Market Cap: $3.93132 billion
  • Outstanding Shares: 50,956,000
Average Prices:
  • 50 Day Moving Avg: $76.19
  • 200 Day Moving Avg: $71.78
  • 52 Week Range: $56.48 - $79.61
P/E:
  • Trailing P/E Ratio: 22.63
  • Foreward P/E Ratio: 21.13
  • P/E Growth: 4.57
Sales & Book Value:
  • Annual Revenue: $1.41 billion
  • Price / Sales: 2.78
  • Book Value: $39.58 per share
  • Price / Book: 1.94
Dividend:
  • Annual Dividend: $2.14
  • Dividend Yield: 2.8%
Profitability:
  • EBIDTA: $412.3 million
  • Net Margins: 12.09%
  • Return on Equity: 9.21%
  • Return on Assets: 3.65%
Debt:
  • Debt-to-Equity Ratio: 0.69%
  • Current Ratio: 1.13%
  • Quick Ratio: 0.80%
Misc:
  • Average Volume: 200,422 shs.
  • Beta: 0.48
  • Short Ratio: 1.93
 

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 Thursday, July 27th. Shareholders of record on Tuesday, August 15th will be paid a dividend of $0.535 per share on Friday, September 1st. This represents a $2.14 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend is Friday, August 11th. View Allete's Dividend History.

How were Allete's earnings last quarter?

Allete, Inc. (NYSE:ALE) announced its quarterly earnings results on Wednesday, August, 2nd. The company reported $0.72 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.55 by $0.17. The company earned $353.30 million during the quarter, compared to the consensus estimate of $342.50 million. Allete had a net margin of 12.09% and a return on equity of 9.21%. The company's revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.50 EPS. View Allete's Earnings History.

When will Allete make its next earnings announcement?

Allete is scheduled to release their next quarterly earnings announcement on Thursday, November, 2nd 2017. View Earnings Estimates for Allete.

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

4 brokerages have issued 1 year target prices for Allete's shares. Their predictions range from $77.00 to $78.00. On average, they expect Allete's share price to reach $77.50 in the next year. View Analyst Ratings for Allete.

Who are some of Allete's key competitors?

Who are Allete's key executives?

Allete's management team includes the folowing people:

  • Alan R. Hodnik, Chairman of the Board, President and Chief Executive Officer
  • Robert John Adams, Chief Financial Officer, Senior Vice President
  • Bethany M. Owen, Senior Vice President and Chief Legal and Administrative Officer
  • Deborah A. Amberg, Senior Vice President, Chief Strategy Officer – Regulated Operations and President – SWL&P
  • David J. McMillan, Senior Vice President - External Affairs
  • Bradley W. Oachs, Senior Vice President and President – Regulated Operations
  • Steven W. Morris, Chief Accounting Officer, Vice President and Controller
  • Patrick L. Cutshall, Treasurer
  • Heidi E. Jimmerson-Eddins, Lead Independent Director
  • Robert P. Powers, Director

Who owns Allete stock?

Allete's stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (12.64%), Vanguard Group Inc. (9.73%), Victory Capital Management Inc. (2.84%), Principal Financial Group Inc. (2.84%), State Street Corp (2.61%) and Northern Trust Corp (2.53%). Company insiders that own Allete stock include 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 Teachers Advisors LLC, American Century Companies Inc., Victory Capital Management Inc., Kennedy Capital Management Inc., Ameriprise Financial Inc., First Trust Advisors LP, Parametric Portfolio Associates LLC and Boston Partners. Company insiders that have sold Allete stock in the last year include Madeleine W Ludlow and Steven Q Devinck. View Insider Buying and Selling for Allete.

Who bought Allete stock? Who is buying Allete stock?

Allete's stock was purchased by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Federated Investors Inc. PA, Monarch Partners Asset Management LLC, Numeric Investors LLC, Vanguard Group Inc., Lord Abbett & CO. LLC, Channing Capital Management LLC and Northern Trust Corp. 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.

What is Allete's stock price today?

One share of Allete stock can currently be purchased for approximately $76.91.


MarketBeat Community Rating for Allete (NYSE ALE)
Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  131 (Vote Outperform)
Underperform Votes:  161 (Vote Underperform)
Total Votes:  292
MarketBeat's community ratings are surveys of what our community members think about Allete and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Allete (NYSE:ALE) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 2 Hold Ratings, 2 Buy Ratings
Consensus Rating:Buy (Score: 2.50)
Consensus Price Target: $77.50 (0.77% upside)

Analysts' Ratings History for Allete (NYSE:ALE)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
6/19/2017Williams CapitalBoost Price TargetBuy -> Buy$75.00 -> $78.00LowView Rating Details
6/9/2017Ladenburg Thalmann Financial ServicesBoost Price TargetBuy$71.00 -> $77.00LowView 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
7/4/2016J P Morgan Chase & CoReiterated RatingSellN/AView Rating Details
2/19/2016WunderlichBoost Price TargetBuy$55.00 -> $57.00N/AView Rating Details
10/15/2015Wells Fargo & CompanyInitiated CoverageMarket PerformN/AView Rating Details
(Data available from 9/23/2015 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
11/2/2017$1.13N/AView Earnings Details
8/2/2017Q2 2017$0.55$0.72$342.50 million$353.30 millionViewListenView Earnings Details
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: $3.25
2018 EPS Consensus Estimate: $3.86
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172$0.89$0.98$0.94
Q2 20172$0.55$0.59$0.57
Q3 20171$0.84$0.84$0.84
Q4 20171$0.90$0.90$0.90
Q1 20181$1.09$1.09$1.09
Q2 20181$0.82$0.82$0.82
Q3 20181$1.15$1.15$1.15
Q4 20181$0.80$0.80$0.80
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Allete (NYSE:ALE)
Most Recent Dividend:9/1/2017
Annual Dividend:$2.14
Dividend Yield:2.78%
Dividend Growth:3.10% (3 Year Average)
Payout Ratio:63.13% (Trailing 12 Months of Earnings)
63.69% (Based on This Year's Estimates)
58.79% (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
7/27/2017quarterly$0.542.95%8/11/20178/15/20179/1/2017
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: 0.42%
Institutional Ownership Percentage: 70.99%
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
8/8/2017Madeleine W. LudlowDirectorSell2,500$74.83$187,075.00View SEC Filing  
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
nasdaq.com logoNotable ETF Inflow Detected - IJR, MKSI, ALE, HCSG
www.nasdaq.com - September 19 at 3:43 PM
americanbankingnews.com logoPortland General Electric (POR) & Allete (ALE) Financial Survey
www.americanbankingnews.com - September 18 at 8:34 PM
finance.yahoo.com logoFour Utility Buys In A High-Priced Sector
finance.yahoo.com - September 18 at 4:08 PM
americanbankingnews.com logoZacks: Brokerages Anticipate Allete, Inc. (ALE) to Post $0.97 EPS
www.americanbankingnews.com - September 16 at 8:40 AM
finance.yahoo.com logoALLETE, Inc. : ALE-US: Dividend Analysis : August 15th, 2017 (record date) : By the numbers : September 14, 2017
finance.yahoo.com - September 14 at 4:20 PM
finance.yahoo.com logoIs There Now An Opportunity In ALLETE Inc (ALE)?
finance.yahoo.com - September 13 at 4:53 PM
finance.yahoo.com logoETFs with exposure to ALLETE, Inc. : September 12, 2017
finance.yahoo.com - September 11 at 9:38 PM
nasdaq.com logoALLETE's Unit Buys Tonka Water, Expects Strategic Benefits
www.nasdaq.com - September 11 at 4:34 PM
finance.yahoo.com logoCorporate News Blog - Tonka Water Taken Over by ALLETE's Subsidiary US Water Services
finance.yahoo.com - September 11 at 4:34 PM
finance.yahoo.com logoALLETE's Unit Buys Tonka Water, Expects Strategic Benefits
finance.yahoo.com - September 11 at 4:34 PM
americanbankingnews.com logoAllete, Inc. (ALE) Lifted to Buy at ValuEngine
www.americanbankingnews.com - September 9 at 11:58 PM
americanbankingnews.com logoAllete, Inc. (ALE) Receives Average Recommendation of "Buy" from Brokerages
www.americanbankingnews.com - September 9 at 12:40 PM
bizjournals.com logoU.S. Water Services acquires Plymouth manufacturer of drinking water systems
www.bizjournals.com - September 8 at 4:11 PM
finance.yahoo.com logoALLETE Subsidiary U.S. Water Acquires Tonka Water, a Minnesota-Based Supplier of Water Treatment Systems
finance.yahoo.com - September 8 at 4:11 PM
finance.yahoo.com logoU.S. Water Expands its Integrated Offerings and Applications with Acquisition
finance.yahoo.com - September 8 at 4:11 PM
nasdaq.com logoIJR, MKSI, ALE, HCSG: Large Inflows Detected at ETF
www.nasdaq.com - September 7 at 3:44 PM
finance.yahoo.com logoETFs with exposure to ALLETE, Inc. : August 31, 2017
finance.yahoo.com - August 31 at 8:36 PM
americanbankingnews.com logoFinancial Comparison: Allete (ALE) vs. Otter Tail Corporation (OTTR)
www.americanbankingnews.com - August 31 at 6:14 AM
finance.yahoo.com logoALLETE, Inc. :ALE-US: Earnings Analysis: Q2, 2017 By the Numbers : August 28, 2017
finance.yahoo.com - August 28 at 3:48 PM
streetinsider.com logoALLETE, Inc. (ALE) Appoints Robert Powers to Board
www.streetinsider.com - August 23 at 8:52 PM
finance.yahoo.com logoRobert P. Powers Named to ALLETE Board of Directors
finance.yahoo.com - August 23 at 8:50 PM
americanbankingnews.com logoAllete, Inc. (ALE) Raised to "Strong-Buy" at BidaskClub
www.americanbankingnews.com - August 22 at 11:58 PM
americanbankingnews.com logoAllete, Inc. (ALE) Receives Consensus Recommendation of "Buy" from Analysts
www.americanbankingnews.com - August 15 at 4:37 PM
americanbankingnews.com logoAllete, Inc. (NYSE:ALE) Stock Rating Upgraded by Zacks Investment Research
www.americanbankingnews.com - August 14 at 8:34 PM
finance.yahoo.com logoDividend Coverage: This Energy Company has a Dividend Yield of 2.86%; Will Trade Ex-Dividend on August 11, 2017
finance.yahoo.com - August 10 at 5:07 PM
americanbankingnews.com logoInsider Selling: Allete, Inc. (ALE) Director Sells 2,500 Shares of Stock
www.americanbankingnews.com - August 9 at 4:34 PM
americanbankingnews.com logoWilliams Capital Analysts Decrease Earnings Estimates for Allete, Inc. (NYSE:ALE)
www.americanbankingnews.com - August 7 at 8:08 AM
americanbankingnews.com logoAllete, Inc. (NYSE:ALE) Lifted to "Buy" at BidaskClub
www.americanbankingnews.com - August 6 at 1:56 PM
americanbankingnews.com logoAllete, Inc. (NYSE:ALE) to Post FY2017 Earnings of $3.43 Per Share, Williams Capital Forecasts
www.americanbankingnews.com - August 4 at 11:54 AM
finance.yahoo.com logoALLETE, Inc. – Value Analysis (NYSE:ALE) : August 4, 2017
finance.yahoo.com - August 4 at 1:51 AM
finance.yahoo.com logoEdited Transcript of ALE earnings conference call or presentation 2-Aug-17 2:00pm GMT
finance.yahoo.com - August 3 at 3:47 PM
rttnews.com logoAllete Inc Q2 Income Climbs 49%
www.rttnews.com - August 2 at 3:37 PM
finance.yahoo.com logoALLETE, Inc. Reports Strong Second Quarter 2017 Earnings
finance.yahoo.com - August 2 at 3:37 PM
finance.yahoo.com logoInvestor Network: ALLETE, Inc. to Host Earnings Call
finance.yahoo.com - August 2 at 3:37 PM
finance.yahoo.com logoALLETE (ALE) Beats on Q2 Earnings and Revenue Estimates
finance.yahoo.com - August 2 at 3:37 PM
finance.yahoo.com logoAllete beats 2Q profit forecasts
finance.yahoo.com - August 2 at 3:37 PM
finance.yahoo.com logoALLETE Clean Energy Announces $80 Million Turbine Refurbishment Initiative
finance.yahoo.com - August 2 at 3:37 PM
americanbankingnews.com logoAllete, Inc. (NYSE:ALE) Issues Quarterly Earnings Results, Beats Expectations By $0.17 EPS
www.americanbankingnews.com - August 2 at 1:26 PM
americanbankingnews.com logoZacks Investment Research Lowers Allete, Inc. (NYSE:ALE) to Hold
www.americanbankingnews.com - August 1 at 7:14 PM
msn.com logoDominion (D) to Report Q2 Earnings: What's in the Cards?
www.msn.com - July 31 at 3:50 PM
finance.yahoo.com logoETFs with exposure to ALLETE, Inc. : July 27, 2017
finance.yahoo.com - July 27 at 3:18 PM
americanbankingnews.com logoAllete, Inc. (ALE) Declares Quarterly Dividend of $0.54
www.americanbankingnews.com - July 27 at 11:40 AM
americanbankingnews.com logoAllete, Inc. (ALE) Upgraded to Buy at Zacks Investment Research
www.americanbankingnews.com - July 26 at 7:26 PM
americanbankingnews.com logoKeyCorp Comments on Allete, Inc.'s Q2 2017 Earnings (NYSE:ALE)
www.americanbankingnews.com - July 26 at 9:24 AM
americanbankingnews.com logoAllete, Inc. (ALE) to Release Earnings on Wednesday
www.americanbankingnews.com - July 26 at 7:08 AM
finance.yahoo.com logoALLETE, Inc. breached its 50 day moving average in a Bullish Manner : ALE-US : July 21, 2017
finance.yahoo.com - July 21 at 5:17 PM
americanbankingnews.com logoAllete, Inc. (ALE) Receives Average Rating of "Hold" from Analysts
www.americanbankingnews.com - July 21 at 4:59 PM
finance.yahoo.com logoETFs with exposure to ALLETE, Inc. : July 17, 2017
finance.yahoo.com - July 17 at 4:06 PM
nasdaq.com logoAllete Stock Getting Very Oversold
www.nasdaq.com - July 13 at 9:30 PM
finance.yahoo.com logoALLETE to Announce Second Quarter Financial Results on August 2
finance.yahoo.com - July 10 at 8:37 PM

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Chart

Allete (ALE) Chart for Saturday, September, 23, 2017

This page was last updated on 9/23/2017 by MarketBeat.com Staff