ALLETE, 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
Industry Electric & other services combined
Sub-IndustryElectric Utilities
SectorUtilities
SymbolNYSE:ALE
CUSIP01852230
Phone218-279-5000
Debt
Debt-to-Equity Ratio0.70%
Current Ratio1.05%
Quick Ratio0.77%
Price-To-Earnings
Trailing P/E Ratio22.15
Forward P/E Ratio21.91
P/E Growth3.35
Sales & Book Value
Annual Sales$1.42 billion
Price / Sales2.65
Cash Flow$6.2434 per share
Price / Cash11.79
Book Value$40.52 per share
Price / Book1.82
Profitability
EPS (Most Recent Fiscal Year)$3.19
Net Income$172.20 million
Net Margins12.13%
Return on Equity8.40%
Return on Assets3.43%
Miscellaneous
Employees2,017
Outstanding Shares51,140,000
Allete (NYSE:ALE) Frequently Asked Questions
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 Thursday, January 25th. Stockholders of record on Thursday, February 15th will be paid a dividend of $0.56 per share on Thursday, March 1st. This represents a $2.24 annualized dividend and a dividend yield of 3.04%. The ex-dividend date is Wednesday, February 14th. This is a boost from Allete's previous quarterly dividend of $0.54. View Allete's Dividend History.
How were Allete's earnings last quarter?
Allete, Inc. (NYSE:ALE) released its quarterly earnings data on Thursday, February, 15th. The utilities provider reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.75 by $0.13. The utilities provider had revenue of $337.90 million for the quarter, compared to analysts' expectations of $348 million. Allete had a net margin of 12.13% and a return on equity of 8.40%. Allete's revenue was down 1.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.70 earnings per share. View Allete's Earnings History.
When is Allete's next earnings date?
What guidance has Allete issued on next quarter's earnings?
Allete issued an update on its FY18 earnings guidance on Thursday, February, 15th. The company provided EPS guidance of $3.10-3.40 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.52.
What price target have analysts set for ALE?
6 brokers have issued 1-year target prices for Allete's shares. Their predictions range from $63.00 to $78.00. On average, they anticipate Allete's stock price to reach $70.9167 in the next year. View Analyst Ratings for Allete.
Who are some of Allete's key competitors?
Some companies that are related to Allete include Westar Energy (WR), CPFL Energia (CPL), United Utilities (UUGRY), OTE (HLTOY), Great Plains Energy (GXP), Enel Generación Chile (EOCC), Companhia de Saneamento Basico (SBS), OGE Energy (OGE), Enel Chile (ENIC), Aqua America (WTR), Enag�s (ENGGF), Severn Trent (SVTRF), Telekom Austria (TKAGY), Telecom Argentina (TEO), AusNet Services (AST), TELE2 (TLTZY), Brookfield Renewable Partners (BEP) and MDU Resources (MDU).
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 (Age 57)
- Robert John Adams, Chief Financial Officer, Senior Vice President (Age 54)
- Bethany M. Owen, Senior Vice President and Chief Legal and Administrative Officer (Age 51)
- Deborah A. Amberg, Senior Vice President, Chief Strategy Officer – Regulated Operations and President – SWL&P (Age 51)
- Bradley W. Oachs, Senior Vice President and President – Regulated Operations (Age 59)
- Steven W. Morris, Chief Accounting Officer, Vice President and Controller (Age 55)
- Patrick L. Cutshall, Treasurer (Age 51)
- Heidi E. Jimmerson-Eddins, Lead Independent Director (Age 59)
- Susan K. Nestegard, Director (Age 57)
- Robert P. Powers, Director
Has Allete been receiving favorable news coverage?
News coverage about ALE stock has been trending very positive recently, Accern reports. The research group scores the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Allete earned a coverage optimism score of 0.53 on Accern's scale. They also assigned news articles about the utilities provider an impact score of 45.22 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near future.
How do I buy shares of Allete?
Shares of ALE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Allete's stock price today?
One share of ALE stock can currently be purchased for approximately $73.61.
How big of a company is Allete?
Allete has a market capitalization of $3.80 billion and generates $1.42 billion in revenue each year. The utilities provider earns $172.20 million in net income (profit) each year or $3.19 on an earnings per share basis. Allete employs 2,017 workers across the globe.
How can I contact Allete?
Allete's mailing address is 30 W SUPERIOR STREET, DULUTH MN, 55802. The utilities provider can be reached via phone at 218-279-5000.
MarketBeat Community Rating for Allete (ALE)
MarketBeat's community ratings are surveys of what our community members think about Allete and other stocks. Vote "Outperform" if you believe ALE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ALE will underperform the S&P 500 over the long term. You may vote once every thirty days.
Allete (NYSE:ALE) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
6 Wall Street analysts have issued ratings and price targets for Allete in the last 12 months. Their average twelve-month price target is $70.9167, suggesting that the stock has a possible downside of 3.66%. The high price target for ALE is $78.00 and the low price target for ALE is $63.00. There are currently 1 sell rating, 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Hold |
| Consensus Rating Score: | 2.17 | 2.17 | 1.67 | 1.80 |
| Ratings Breakdown: | 1 Sell Rating(s)
3 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
3 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
2 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
4 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $70.9167 | $70.5833 | $77.6667 | $76.6667 |
| Price Target Upside: | 3.66% downside | 1.11% upside | 1.05% downside | 3.06% downside |
Allete (NYSE:ALE) Consensus Price Target History
Allete (NYSE:ALE) Analyst Ratings History
Show:
(Data available from 4/19/2016 forward)
Allete (NYSE:ALE) Dividend Information
Allete pays an annual dividend of $2.24 per share, with a dividend yield of 3.04%. ALE's most recent quarterly dividend payment was Thursday, March 1. The company has grown its dividend for the last 7 consecutive years and is increasing its dividend by an average of 3.00% each year. Allete pays out 70.22% of its earnings out as a dividend.
| Most Recent Dividend: | 3/1/2018 |
| Annual Dividend: | $2.24 |
| Dividend Yield: | 3.04% |
| Dividend Growth: | 3.00% (3 Year Average) |
| Payout Ratio: | 70.22% (Trailing 12 Months of Earnings)
66.67% (Based on This Year's Estimates)
62.92% (Based on Next Year's Estimates)
|
| Track Record: | 7 Years of Consecutive Dividend Growth |
| Frequency: | Quarterly Dividend |
Allete (NYSE:ALE) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 1/25/2018 | quarterly | $0.56 | 3.05% | 2/14/2018 | 2/15/2018 | 3/1/2018 |
| 10/25/2017 | quarterly | $0.5350 | 2.71% | 11/14/2017 | 11/15/2017 | 12/1/2017 |
| 7/27/2017 | quarterly | $0.5350 | 2.95% | 8/11/2017 | 8/15/2017 | 9/1/2017 |
| 4/26/2017 | quarterly | $0.5350 | 3.01% | 5/11/2017 | 5/15/2017 | 6/1/2017 |
| 1/25/2017 | quarterly | $0.5350 | 3.33% | 2/13/2017 | 2/15/2017 | 3/1/2017 |
| 10/28/2016 | quarterly | $0.52 | 3.39% | 11/10/2016 | 11/15/2016 | 12/1/2016 |
| 7/28/2016 | quarterly | $0.52 | 3.26% | 8/11/2016 | 8/15/2016 | 9/1/2016 |
| 4/21/2016 | quarterly | $0.52 | 3.82% | 5/12/2016 | 5/16/2016 | 6/1/2016 |
| 1/22/2016 | quarterly | $0.52 | 4.04% | 2/11/2016 | 2/16/2016 | 3/1/2016 |
| 11/2/2015 | quarterly | $0.5050 | 3.94% | 11/12/2015 | 11/16/2015 | 12/1/2015 |
| 7/31/2015 | quarterly | $0.5050 | 4.17% | 8/12/2015 | 8/14/2015 | 9/1/2015 |
| 4/30/2015 | quarterly | $0.5050 | 4.04% | 5/13/2015 | 5/15/2015 | 6/1/2015 |
| 1/23/2015 | quarterly | $0.5050 | 3.44% | 2/11/2015 | 2/16/2015 | 3/1/2015 |
| 10/30/2014 | quarterly | $0.49 | 3.75% | 11/12/2014 | 11/14/2014 | 12/1/2014 |
| 7/31/2014 | quarterly | $0.49 | 4.09% | 8/13/2014 | 8/15/2014 | 9/1/2014 |
| 5/1/2014 | quarterly | $0.49 | 3.89% | 5/13/2014 | 5/15/2014 | 6/1/2014 |
| 1/30/2014 | quarterly | $0.49 | 3.92% | 2/12/2014 | 2/14/2014 | 3/1/2014 |
| 10/28/2013 | quarterly | $0.4750 | 3.7% | 11/13/2013 | 11/15/2013 | 12/1/2013 |
| 7/29/2013 | quarterly | $0.4750 | 3.54% | 8/13/2013 | 8/15/2013 | 9/1/2013 |
| 5/1/2013 | quarterly | $0.4750 | 3.74% | 5/13/2013 | 5/15/2013 | 6/1/2013 |
| 1/23/2013 | quarterly | $0.4750 | 4.24% | 2/13/2013 | 2/15/2013 | 3/1/2013 |
(Data available from 1/1/2013 forward)
Allete (NYSE ALE) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 0.42%
Institutional Ownership Percentage: 73.47%
Allete (NYSE ALE) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 3/26/2018 | James J. Hoolihan | Director | Sell | 800 | $70.51 | $56,408.00 | |  |
| 8/8/2017 | Madeleine W. Ludlow | Director | Sell | 2,500 | $74.83 | $187,075.00 | | |
| 5/9/2017 | Steven Q. Devinck | Insider | Sell | 2,000 | $69.67 | $139,340.00 | | |
| 5/6/2016 | Steven Wayne Morris | Insider | Sell | 392 | $56.15 | $22,010.80 | 3,683 | |
| 3/9/2016 | Deborah A Amberg | VP | Sell | 14,722 | $55.90 | $822,959.80 | 15,579 | |
| 2/1/2016 | Madeleine W. Ludlow | Director | Sell | 200 | $52.62 | $10,524.00 | | |
| 1/1/2016 | Madeleine W Ludlow | Director | Sell | 200 | $50.08 | $10,016.00 | 3,557 | |
| 8/17/2015 | David J Mcmillan | SVP | Sell | 4,019 | $52.00 | $208,988.00 | | |
| 3/16/2015 | Deborah A Amberg | VP | Sell | 6,004 | $53.58 | $321,694.32 | | |
| 12/3/2014 | David J Mcmillan | SVP | Sell | 4,109 | $52.11 | $214,119.99 | | |
| 9/2/2014 | Deborah A Amberg | VP | Sell | 3,549 | $48.42 | $171,842.58 | | |
| 8/6/2014 | Robert John Adams | VP | Sell | 1,389 | $47.47 | $65,935.83 | | |
| 8/7/2013 | Robert John Adams | VP | Sell | 9,790 | $51.59 | $505,066.10 | 3,434 | |
| 5/17/2013 | Robert John Adams | VP | Sell | 3,411 | $50.82 | $173,347.02 | | |
| 5/15/2013 | Donald W Stellmaker | VP | Sell | 3,387 | $50.70 | $171,720.90 | | |
| 5/13/2013 | Steven Q Devinck | VP | Sell | 3,557 | $50.67 | $180,233.19 | | |
(Data available from 1/1/2013 forward)
Allete (NYSE ALE) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | ALE Makes Bullish Cross Above Critical Moving Average
www.nasdaq.com - April 18 at 10:04 AM |
 | Allete (ALE) Upgraded at Zacks Investment Research
www.americanbankingnews.com - April 17 at 4:47 PM |
| JPMorgan Chase Raises Allete (ALE) Price Target to $66.00
www.americanbankingnews.com - April 10 at 11:29 AM |
| Allete (ALE) Downgraded by ValuEngine
www.americanbankingnews.com - April 8 at 2:04 PM |
 | ALLETE to Announce First Quarter Financial Results on May 2
finance.yahoo.com - April 4 at 5:34 PM |
| United Utilities Group (UUGRY) vs. Allete (ALE) Head to Head Analysis
www.americanbankingnews.com - March 30 at 9:20 PM |
| Allete, Inc. (ALE) Receives Average Recommendation of "Hold" from Analysts
www.americanbankingnews.com - March 28 at 3:32 PM |
| Allete, Inc. (ALE) Director Sells $56,408.00 in Stock
www.americanbankingnews.com - March 27 at 1:19 PM |
| Will ALLETE Inc (NYSE:ALE) Continue To Underperform Its Industry?
finance.yahoo.com - March 21 at 11:15 AM |
| ALLETE (ALE) Price Target Raised to $64.00 at JPMorgan Chase & Co.
www.americanbankingnews.com - March 16 at 12:38 PM |
| ALLETE Inc (ALE) Shares Sold by State of Tennessee Treasury Department
www.americanbankingnews.com - March 6 at 11:52 AM |
| Suntrust Banks Inc. Sells 12,394 Shares of ALLETE Inc (ALE)
www.americanbankingnews.com - March 5 at 1:54 PM |
| Eaton Vance Management Acquires 1,435 Shares of ALLETE Inc (ALE)
www.americanbankingnews.com - March 4 at 12:24 PM |
| ALLETE Inc (ALE) Receives Consensus Recommendation of "Hold" from Brokerages
www.americanbankingnews.com - March 3 at 5:32 PM |
| Rhumbline Advisers Purchases 16,505 Shares of ALLETE Inc (ALE)
www.americanbankingnews.com - March 3 at 8:48 AM |
| ALLETE Inc (ALE) Shares Sold by Systematic Financial Management LP
www.americanbankingnews.com - March 2 at 8:16 PM |
| Kennedy Capital Management Inc. Has $23.22 Million Position in ALLETE Inc (ALE)
www.americanbankingnews.com - March 2 at 5:54 PM |
| Why Income Investors Should Have ALLETE Inc (NYSE:ALE) In Their Portfolio
finance.yahoo.com - March 2 at 9:54 AM |
| ALLETE Inc (ALE) Shares Sold by Channing Capital Management LLC
www.americanbankingnews.com - March 2 at 5:32 AM |
| BlackRock Inc. Acquires 108,468 Shares of ALLETE Inc (ALE)
www.americanbankingnews.com - March 2 at 4:56 AM |
| Teacher Retirement System of Texas Boosts Stake in ALLETE Inc (ALE)
www.americanbankingnews.com - March 1 at 5:36 PM |
| ALLETE Clean Energy to Sell Phase II of Thunder Spirit Wind Farm to Montana-Dakota Utilities
finance.yahoo.com - March 1 at 9:42 AM |
| Martingale Asset Management L P Trims Stake in ALLETE Inc (ALE)
www.americanbankingnews.com - February 26 at 2:41 PM |
| Swiss National Bank Purchases 1,700 Shares of ALLETE Inc (ALE)
www.americanbankingnews.com - February 26 at 8:20 AM |
| ALLETE Inc (ALE) Shares Sold by Royce & Associates LP
www.americanbankingnews.com - February 25 at 11:28 AM |
| Eagle Asset Management Inc. Sells 201,522 Shares of ALLETE Inc (ALE)
www.americanbankingnews.com - February 25 at 5:19 AM |
| Citadel Advisors LLC Has $3.20 Million Holdings in ALLETE Inc (ALE)
www.americanbankingnews.com - February 25 at 4:56 AM |
| ALLETE's (ALE) Hold Rating Reiterated at Guggenheim
www.americanbankingnews.com - February 24 at 5:22 PM |
| Zacks Investment Research Lowers ALLETE (ALE) to Sell
www.americanbankingnews.com - February 21 at 4:56 PM |
| Superior Water, Light and Power Company -- Moody's affirms ALLETE and SWL&P ratings, outlooks changed to negative
finance.yahoo.com - February 21 at 10:27 AM |
| ALLETE (ALE) Misses on Q4 Earnings, Issues 2018 Guidance
finance.yahoo.com - February 16 at 4:08 PM |
| ALLETE (ALE) Issues Earnings Results, Beats Estimates By $0.06 EPS
www.americanbankingnews.com - February 15 at 11:50 AM |
| ALLETE (ALE) Issues FY18 Earnings Guidance
www.americanbankingnews.com - February 15 at 9:28 AM |
| Allete misses 4Q profit forecasts
finance.yahoo.com - February 15 at 9:07 AM |
| Wells Fargo & Co Analysts Give ALLETE (ALE) a $71.00 Price Target
www.americanbankingnews.com - February 13 at 10:48 PM |
| EX-Dividend Schedule: ALLETE Raised its Dividend By 4.7% Increase; Will Trade Ex-Dividend on February 14, 2018
finance.yahoo.com - February 13 at 8:45 AM |
| ALLETE Inc (ALE) Receives Consensus Recommendation of "Hold" from Analysts
www.americanbankingnews.com - February 6 at 3:34 PM |
| ALLETE (ALE) Scheduled to Post Earnings on Tuesday
www.americanbankingnews.com - February 6 at 3:12 AM |
| ALLETE (ALE) Raised to Buy at Williams Capital
www.americanbankingnews.com - February 2 at 10:09 AM |
| ALLETE (ALE) PT Lowered to $73.00 at JPMorgan Chase & Co.
www.americanbankingnews.com - January 25 at 9:40 PM |
| ALLETE Inc (ALE) Raises Dividend to $0.56 Per Share
www.americanbankingnews.com - January 25 at 5:40 PM |
| ALLETE (ALE) Ups Dividend by 4.7%, Revises Earnings Outlook
finance.yahoo.com - January 25 at 8:45 AM |
| ALLETE Inc (ALE) to Post FY2017 Earnings of $3.15 Per Share, KeyCorp Forecasts
www.americanbankingnews.com - January 25 at 7:58 AM |
| Equities Analysts Issue Forecasts for ALLETE Inc's Q4 2017 Earnings (ALE)
www.americanbankingnews.com - January 24 at 8:18 AM |
| Contrasting Hawaiian Electric Industries (HE) and ALLETE (ALE)
www.americanbankingnews.com - January 17 at 3:18 PM |
| CORRECTING and REPLACING ALLETE Clean Energy Advances Its Growth Strategy with Purchase of Safe Harbor Wind Turbines from GE
finance.yahoo.com - January 17 at 11:01 AM |
| ALLETE (ALE) Upgraded to "Hold" by Zacks Investment Research
www.americanbankingnews.com - January 16 at 4:36 PM |
| Susan K. Nestegard Named to ALLETE Board of Directors
finance.yahoo.com - January 16 at 11:04 AM |
| ALLETE to Announce 2017 Financial Results on February 15
finance.yahoo.com - January 15 at 10:52 AM |
| ALLETE Inc (ALE) Given Consensus Recommendation of "Hold" by Analysts
www.americanbankingnews.com - January 12 at 3:52 PM |
Allete (NYSE:ALE) SEC Filings
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Allete (NYSE:ALE) Income Statement, Balance Sheet and Cash Flow Statement
Allete (NYSE ALE) Stock Chart for Thursday, April, 19, 2018
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