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 - NEC
  • Sub-Industry: Electric Utilities
  • Symbol: NYSE:ALE
  • CUSIP: 01852230
  • Web: www.allete.com
Capitalization:
  • Market Cap: $3.84 billion
  • Outstanding Shares: 50,956,000
Average Prices:
  • 50 Day Moving Avg: $72.60
  • 200 Day Moving Avg: $70.00
  • 52 Week Range: $56.48 - $75.62
P/E:
  • Trailing P/E Ratio: 22.21
  • Foreward P/E Ratio: 20.67
  • P/E Growth: 4.41
Sales & Book Value:
  • Annual Revenue: $1.41 billion
  • Price / Sales: 2.73
  • Book Value: $39.58 per share
  • Price / Book: 1.91
Dividend:
  • Annual Dividend: $2.14
  • Dividend Yield: 2.9%
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: 226,541 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 declared 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 annualized dividend and a yield of 2.84%. 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 earnings results on Wednesday, August, 2nd. The company reported $0.72 EPS for the quarter, beating analysts' consensus estimates of $0.55 by $0.17. The business had revenue of $353.30 million for 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 quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the company 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?

5 brokers have issued 12-month price targets for Allete's shares. Their predictions range from $65.50 to $78.00. On average, they expect Allete's stock price to reach $73.50 in the next twelve months. 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
  • Kathryn W. Dindo, Independent Director

Who owns Allete stock?

Allete's stock is owned by a number of of retail and institutional investors. Top institutional shareholders 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., Channing Capital Management LLC, Northern Trust Corp and State Street 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 $75.45.


MarketBeat Community Rating for Allete (NYSE ALE)
Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  111 (Vote Outperform)
Underperform Votes:  145 (Vote Underperform)
Total Votes:  256
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, 3 Buy Ratings
Consensus Rating:Buy (Score: 2.60)
Consensus Price Target: $73.50 (2.58% downside)

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 8/21/2015 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)
Next Dividend:9/1/2017
Annual Dividend:$2.14
Dividend Yield:2.84%
Dividend Growth:3.10% (3 Year Average)
Payout Ratio:63.13% (Trailing 12 Months of Earnings)
63.31% (Based on This Year's Estimates)
58.63% (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: 73.28%
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
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
nasdaq.com logoAllete Passes Through 3% Yield Mark
www.nasdaq.com - July 5 at 9:40 PM
finance.yahoo.com logo[$$] Coal, Nuclear on the Losing End of Power Shift
finance.yahoo.com - July 5 at 9:40 PM
finance.yahoo.com logo[$$] Coal, Nuclear on Losing End of Power Shift
finance.yahoo.com - July 5 at 7:21 AM
finance.yahoo.com logoALLETE, Inc. breached its 50 day moving average in a Bearish Manner : ALE-US : July 4, 2017
finance.yahoo.com - July 4 at 5:48 PM
finance.yahoo.com logoETFs with exposure to ALLETE, Inc. : July 4, 2017
finance.yahoo.com - July 4 at 5:48 PM
americanbankingnews.com logoAllete, Inc. (ALE) Receives Average Rating of "Hold" from Brokerages
www.americanbankingnews.com - June 26 at 4:32 PM
finance.yahoo.com logoETFs with exposure to ALLETE, Inc. : June 22, 2017
finance.yahoo.com - June 22 at 3:27 PM
finance.yahoo.com logoALLETE, Inc. :ALE-US: Earnings Analysis: Q1, 2017 By the Numbers : June 21, 2017
finance.yahoo.com - June 21 at 4:13 PM
americanbankingnews.com logoWilliams Capital Raises Allete, Inc. (ALE) Price Target to $78.00
www.americanbankingnews.com - June 19 at 8:32 AM
americanbankingnews.com logoLadenburg Thalmann Financial Services Reiterates Buy Rating for ALLETE Inc (ALE)
www.americanbankingnews.com - June 9 at 9:32 PM
finance.yahoo.com logoAllete's Unit Signs 250MW Wind Power Purchase Agreement
finance.yahoo.com - June 8 at 4:08 PM
finance.yahoo.com logo​Dairyland Power, Minnesota utility to co-develop $700M natural gas power plant
finance.yahoo.com - June 8 at 4:08 PM
finance.yahoo.com logoMinnesota Power Proposes Next Step in EnergyForward Plan
finance.yahoo.com - June 7 at 3:33 PM
finance.yahoo.com logoDairyland Power Announces Natural Gas Plant Partnership
finance.yahoo.com - June 7 at 3:33 PM
finance.yahoo.com logoNobles 2 Power Partners Signs Long-term Power Purchase Agreement with Utility Customer for Minnesota Wind Project
finance.yahoo.com - June 7 at 3:33 PM
americanbankingnews.com logoFinancial Contrast: Unitil (UTL) and ALLETE (ALE)
www.americanbankingnews.com - June 7 at 7:56 AM
americanbankingnews.com logoALLETE Inc (ALE) Given Average Rating of "Hold" by Brokerages
www.americanbankingnews.com - May 30 at 5:04 PM
finance.yahoo.com logoAllete Hits 52-Week High on Returns from Steady Investment
finance.yahoo.com - May 29 at 3:51 PM
finance.yahoo.com logoSquare Butte Electric Cooperative -- Moody's changes Square Butte Electric outlook to stable from positive; Baa1 rating affirmed
finance.yahoo.com - May 18 at 3:27 PM
finance.yahoo.com logoALLETE, Inc. : ALE-US: Dividend Analysis : May 15th, 2017 (record date) : By the numbers : May 12, 2017
finance.yahoo.com - May 12 at 4:00 PM
americanbankingnews.com logoInsider Selling: ALLETE Inc (ALE) Insider Sells 2,000 Shares of Stock
www.americanbankingnews.com - May 11 at 1:16 PM
nasdaq.com logoEx-Dividend Reminder: Southern, Allete and Otter Tail
www.nasdaq.com - May 10 at 9:23 AM

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Chart

Allete (ALE) Chart for Monday, August, 21, 2017

This page was last updated on 8/21/2017 by MarketBeat.com Staff