Allete, Inc. (NYSE:ALE) is expected to pay $0.52 on Dec 1, 2016. The indicated annual dividend is $2.08. Shareholders owning the stock before Nov 10, 2016 will be eligible to receive the payout. Based on Allete, Inc.’s current price of $60.35, the dividend is 0.86%. This dividend’s record date is Nov 15, 2016 and the announcement date is Oct 31, 2016. The stock increased 0.37% or $0.22 during the last trading session, hitting $60.35. ALLETE Inc (NYSE:ALE) has risen 11.35% since April 7, 2016 and is uptrending. It has outperformed by 6.56% the S&P500.
ALLETE, Inc. is an energy company. The Firm operates through three divisions. The company has a market cap of $3.04 billion. The Regulated Operations segment includes its regulated utilities, Minnesota Power and Superior Water, Light and Power Company , as well as its investment in American Transmission Company LLC (ATC), a regulated utility that owns and maintains electric transmission assets. It has a 23.04 P/E ratio. The Company’s regulated utility activities include retail and wholesale activities.
Insitutional Activity: The institutional sentiment decreased to 1.16 in Q2 2016. Its down 0.40, from 1.56 in 2016Q1. The ratio fall, as 23 funds sold all ALLETE Inc shares owned while 70 reduced positions. 29 funds bought stakes while 79 increased positions. They now own 33.41 million shares or 3.56% less from 34.64 million shares in 2016Q1.
Millennium Management Limited holds 0.01% or 49,397 shares in its portfolio. Finemark Commercial Bank And Tru has 0.01% invested in the company for 1,333 shares. Pub Employees Retirement Association Of Colorado holds 13,016 shares or 0.01% of its portfolio. State Bank Of Montreal Can reported 41,558 shares or 0% of all its holdings. Moreover, Clinton Inc has 0.08% invested in ALLETE Inc (NYSE:ALE) for 28,763 shares. Friedberg Management accumulated 12,290 shares or 0.38% of the stock. State Of Tennessee Treasury Department holds 36,357 shares or 0.01% of its portfolio. Century Management Llc has invested 0.28% of its portfolio in ALLETE Inc (NYSE:ALE). Blackrock Grp accumulated 61,953 shares or 0% of the stock. Ameriprise Fin has 0.01% invested in the company for 320,110 shares. Martingale Asset Mngmt Limited Partnership accumulated 0.05% or 48,427 shares. Sei Investments Co has 67,764 shares for 0.03% of their US portfolio. Moreover, Kennedy Cap has 0.67% invested in ALLETE Inc (NYSE:ALE) for 515,331 shares. Van Eck Associates Corp has invested 0% of its portfolio in ALLETE Inc (NYSE:ALE). Profund Advisors Limited Liability Corp holds 20,241 shares or 0.06% of its portfolio.
ALLETE Inc (NYSE:ALE) Ratings Coverage
Out of 5 analysts covering ALLETE Inc (NYSE:ALE), 1 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 20% are positive. ALLETE Inc has been the topic of 7 analyst reports since October 15, 2015 according to StockzIntelligence Inc. Wunderlich downgraded the stock to “Hold” rating in Monday, October 19 report. The stock has “Hold” rating given by Williams Capital Group on Tuesday, March 29. The rating was maintained by JP Morgan on Wednesday, March 30 with “Underweight”. The stock of ALLETE Inc (NYSE:ALE) earned “Buy” rating by Wunderlich on Tuesday, December 8. The stock of ALLETE Inc (NYSE:ALE) earned “Neutral” rating by Macquarie Research on Friday, November 4. The firm earned “Market Perform” rating on Thursday, October 15 by Wells Fargo.
More news for ALLETE Inc (NYSE:ALE) were recently published by: Businesswire.com, which released: “ALLETE, Inc. Reports Third Quarter 2016 Earnings” on November 04, 2016. Streetinsider.com‘s article titled: “ALLETE, Inc. (ALE) CFO Steve DeVinck to Retire” and published on September 26, 2016 is yet another important article.
ALE Company Profile
ALLETE, Inc., incorporated on January 25, 1906, is an energy company. The Firm operates through three divisions: Regulated Operations, ALLETE Clean Energy and U.S. Water Services. 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 in parts of Wisconsin, Michigan, Minnesota and Illinois. The Company’s regulated utility activities include retail and wholesale activities. Minnesota Power provides regulated utility electric service in northeastern Minnesota to approximately 145,000 retail customers. SWL&P is a Wisconsin utility and a wholesale customer of Minnesota Power.
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