About ALLETE (NYSE:ALE)
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 UTIL-ELEC PWR
Trailing P/E Ratio21.0710059171598
Forward P/E Ratio21.25
Sales & Book Value
Annual Sales$1.42 billion
Price / Sales2.56
Cash Flow$6.29 per share
Price / Cash11.29
Book Value$40.52 per share
Price / Book1.75
Net Income$172.20 million
Return on Equity8.40%
Return on Assets3.43%
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 announced a quarterly dividend on Thursday, January 25th. Investors of record on Thursday, February 15th will be given a dividend of $0.56 per share on Thursday, March 1st. This represents a $2.24 annualized dividend and a dividend yield of 3.15%. The ex-dividend date of this dividend is Wednesday, February 14th. This is an increase 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) issued its quarterly earnings results on Thursday, February, 15th. The utilities provider reported $0.62 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.75 by $0.13. The utilities provider had revenue of $337.90 million for the quarter, compared to the consensus estimate of $348 million. ALLETE had a return on equity of 8.40% and a net margin of 12.13%. The business's quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.70 earnings per share. View ALLETE's Earnings History.
When will ALLETE make its next earnings announcement?
What guidance has ALLETE issued on next quarter's earnings?
ALLETE updated its FY18 earnings guidance on Thursday, February, 15th. The company provided earnings per share guidance of $3.10-3.40 for the period, compared to the Thomson Reuters consensus estimate of $3.52.
Where is ALLETE's stock going? Where will ALLETE's stock price be in 2018?
6 brokers have issued 12 month price objectives for ALLETE's stock. Their forecasts range from $63.00 to $78.00. On average, they expect ALLETE's share price to reach $70.58 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), AES (AES), United Utilities Group (UUGRY), Great Plains Energy (GXP), OGE Energy (OGE), Enel Chile (ENIC), SCANA (SCG), Brookfield Renewable Partners (BEP), Pampa Energia (PAM), IDACORP (IDA), Algonquin Power & Utilities (AQN), Hawaiian Electric Industries (HE), Portland General Electric (POR), Avista (AVA), NRG Yield, Inc. Class C (NYLD), Companhia Energetica de Minas Gers CEMIG (CIG), PNM Resources (PNM) and Black Hills (BKH).
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?
Press coverage about ALE stock has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. ALLETE earned a coverage optimism score of 0.13 on Accern's scale. They also gave media headlines about the utilities provider an impact score of 44.36 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the next several days.
Who are ALLETE's major shareholders?
ALLETE's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (13.10%), Victory Capital Management Inc. (2.68%), Bank of New York Mellon Corp (1.60%), Channing Capital Management LLC (1.14%), Millennium Management LLC (1.07%) and Westwood Holdings Group Inc. (1.06%). Company insiders that own ALLETE stock include Madeleine W Ludlow, Steven Q Devinck and Steven Wayne Morris. View Institutional Ownership Trends for ALLETE.
Which major investors are selling ALLETE stock?
ALE stock was sold by a variety of institutional investors in the last quarter, including Polaris Capital Management LLC, Westwood Holdings Group Inc., Virtus Fund Advisers LLC, Eagle Asset Management Inc., OppenheimerFunds Inc., Franklin Resources Inc., Monarch Partners Asset Management LLC and Kennedy Capital Management Inc.. Company insiders that have sold ALLETE company stock in the last year include Madeleine W Ludlow and Steven Q Devinck. View Insider Buying and Selling for ALLETE.
Which major investors are buying ALLETE stock?
ALE stock was acquired by a variety of institutional investors in the last quarter, including Millennium Management LLC, Sei Investments Co., Renaissance Technologies LLC, BlackRock Inc., Goldman Sachs Group Inc., Wells Fargo & Company MN, Arizona State Retirement System and Paloma Partners Management Co. View Insider Buying and Selling for ALLETE.
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 $71.04.
How big of a company is ALLETE?
ALLETE has a market capitalization of $3.63 billion and generates $1.42 billion in revenue each year. The utilities provider earns $172.20 million in net income (profit) each year or $3.38 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 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.
ALLETE (NYSE:ALE) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each 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 will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Hold||Hold||Hold||Buy|
|Consensus Rating Score: ||2.17||2.00||1.67||2.50|
|Ratings Breakdown: ||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)
1 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)
|0 Sell Rating(s)|
2 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$70.58||$74.50||$77.67||$77.50|
|Price Target Upside: ||0.54% downside||8.58% upside||1.05% downside||6.14% upside|
ALLETE (NYSE:ALE) Consensus Price Target History
ALLETE (NYSE:ALE) Analyst Ratings History
(Data available from 3/20/2016 forward)
ALLETE (NYSE:ALE) Earnings History and Estimates Chart
ALLETE (NYSE ALE) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|2/15/2018||Q4 2017||$0.75||$0.62||$348.00 million||$337.90 million||View||N/A|
|11/1/2017||Q3 2017||$0.95||$1.04||$358.23 million||$362.50 million||View||N/A|
|8/2/2017||Q2 2017||$0.55||$0.72||$342.50 million||$353.30 million||View||Listen|
|5/4/2017||Q1 2017||$0.94||$0.97||$338.00 million||$365.60 million||View||Listen|
|2/15/2017||Q416||$0.73||$0.89||$384.00 million||$341.50 million||View||Listen|
|11/4/2016||Q316||$0.96||$0.99||$205.30 million||$349.60 million||View||N/A|
|8/3/2016||Q216||$0.51||$0.50||$326.70 million||$314.80 million||View||N/A|
|5/3/2016||Q116||$0.90||$0.93||$355.90 million||$333.80 million||View||N/A|
|2/18/2016||Q415||$0.78||$0.37||$417.00 million||$382.60 million||View||Listen|
|11/3/2015||Q315||$1.00||$1.23||$354.00 million||$462.50 million||View||Listen|
|8/4/2015||Q215||$0.50||$0.48||$303.00 million||$323.30 million||View||Listen|
|5/7/2015||Q115||$0.87||$0.91||$314.90 million||$320.00 million||View||N/A|
|2/17/2015||Q414||$0.68||$0.73||$269.20 million||$290.70 million||View||N/A|
|11/3/2014||Q314||$0.72||$0.97||$274.20 million||$288.90 million||View||Listen|
|8/1/2014||Q214||$0.44||$0.46||$257.10 million||$260.70 million||View||N/A|
|5/7/2014||Q114||$0.85||$0.83||$286.80 million||$296.50 million||View||N/A|
|2/13/2014||Q413||$0.84||$0.82||$260.90 million||$268.00 million||View||N/A|
|11/1/2013||Q313||$0.76||$0.78||$248.80 million||$251.00 million||View||N/A|
|8/1/2013||Q2 2013||$0.41||$0.35||$233.95 million||$235.60 million||View||N/A|
|5/8/2013||Q1 2013||$0.75||$0.83||$249.20 million||$263.80 million||View||N/A|
|2/15/2013||Q4 2012||$0.75||$0.75||$249.25 million||$256.00 million||View||N/A|
ALLETE (NYSE:ALE) Earnings Estimates
2018 EPS Consensus Estimate: $3.86
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
ALLETE (NYSE:ALE) Dividend Information
|Most Recent Dividend:||3/1/2018|
|Dividend Growth:||3.00% (3 Year Average)|
|Payout Ratio:||66.27% (Trailing 12 Months of Earnings) |
67.07% (Based on This Year's Estimates)
65.50% (Based on Next Year's Estimates)
|Track Record:||7 Years of Consecutive Dividend Growth|
ALLETE (NYSE:ALE) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
ALLETE (NYSE ALE) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 0.42%
Institutional Ownership Percentage: 73.47%
ALLETE (NYSE ALE) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|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|| |
ALLETE (NYSE ALE) News Headlines
|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
|Notable Two Hundred Day Moving Average Cross - ALE|
www.nasdaq.com - December 23 at 4:49 PM
|Analyzing ALLETE (ALE) and PNM Resources (PNM)|
www.americanbankingnews.com - December 21 at 7:10 PM
|Allete, Inc. (ALE) Given Average Rating of "Hold" by Analysts|
www.americanbankingnews.com - December 18 at 3:50 PM
|Reviewing Enel Americas (ENIA) & Allete (ALE)|
www.americanbankingnews.com - December 17 at 3:12 AM
|ALLETE Inc’s (NYSE:ALE) EPS Grew 32.5% In A Year. Was It Better Than Long-Term Trend?|
finance.yahoo.com - December 15 at 11:36 AM
|ALLETE, Inc. breached its 50 day moving average in a Bearish Manner : ALE-US : December 13, 2017|
finance.yahoo.com - December 13 at 11:28 AM
|What You Must Know About ALLETE Inc’s (ALE) Financial Strength|
finance.yahoo.com - December 8 at 11:17 AM
|ETFs with exposure to ALLETE, Inc. : December 7, 2017|
finance.yahoo.com - December 7 at 4:04 PM
|Stocks With Rising Relative Strength: Allete|
finance.yahoo.com - December 7 at 11:35 AM
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 Tuesday, March, 20, 2018