ALLETE, Inc. (ALE) Analysts See $0.80 EPS

January 21, 2018 - By Linda Rogers

 ALLETE, Inc. (ALE) Analysts See $0.80 EPS
Investors sentiment decreased to 0.98 in 2017 Q3. Its down 0.33, from 1.31 in 2017Q2. It is negative, as 23 investors sold ALLETE, Inc. shares while 80 reduced holdings. 27 funds opened positions while 74 raised stakes. 36.24 million shares or 3.35% more from 35.07 million shares in 2017Q2 were reported.
Rhumbline Advisers has invested 0.02% of its portfolio in ALLETE, Inc. (NYSE:ALE). Westwood Gru has invested 0.51% in ALLETE, Inc. (NYSE:ALE). Covington Cap Management holds 600 shares or 0% of its portfolio. Moreover, Benjamin F Edwards And Company has 0% invested in ALLETE, Inc. (NYSE:ALE) for 366 shares. Kennedy Capital stated it has 368,536 shares. Vanguard Grp Inc accumulated 0.02% or 5.09 million shares. Aperio Group Ltd Limited Liability Company has invested 0.01% in ALLETE, Inc. (NYSE:ALE). Clenar Muke Llc holds 0.02% of its portfolio in ALLETE, Inc. (NYSE:ALE) for 6,809 shares. Next Gru reported 25 shares stake. Monarch Ptnrs Asset Management Limited Liability Co owns 198,362 shares. Aqr Cap Ltd Liability Com holds 61,334 shares. Nationwide Fund Advsr has invested 0.01% in ALLETE, Inc. (NYSE:ALE). Reilly Finance Advsr Lc invested in 0% or 65 shares. Metropolitan Life Ins New York has invested 0.02% in ALLETE, Inc. (NYSE:ALE). 125,013 were reported by Millennium Mgmt Llc.

Since August 8, 2017, it had 0 buys, and 1 sale for $187,075 activity.

Analysts expect ALLETE, Inc. (NYSE:ALE) to report $0.80 EPS on February, 21.They anticipate $0.09 EPS change or 10.11 % from last quarter’s $0.89 EPS. ALE’s profit would be $40.83 million giving it 22.49 P/E if the $0.80 EPS is correct. After having $1.04 EPS previously, ALLETE, Inc.’s analysts see -23.08 % EPS growth. The stock decreased 1.69% or $1.24 during the last trading session, reaching $71.98. About 515,193 shares traded or 113.04% up from the average. ALLETE, Inc. (NYSE:ALE) has risen 26.32% since January 21, 2017 and is uptrending. It has outperformed by 9.62% the S&P500.

ALLETE, Inc. (NYSE:ALE) Ratings Coverage

Among 8 analysts covering ALLETE Inc (NYSE:ALE), 1 have Buy rating, 1 Sell and 6 Hold. Therefore 13% are positive. ALLETE Inc had 15 analyst reports since October 15, 2015 according to SRatingsIntel. As per Thursday, October 15, the company rating was initiated by Wells Fargo. The firm has “Neutral” rating by Macquarie Research given on Friday, November 4. The rating was maintained by Williams Capital Group on Friday, April 21 with “Buy”. Wunderlich upgraded the shares of ALE in report on Tuesday, December 8 to “Buy” rating. The firm has “Hold” rating by Williams Capital Group given on Tuesday, March 29. The firm earned “Underweight” rating on Wednesday, March 30 by JP Morgan. The company was downgraded on Thursday, October 19 by KeyBanc Capital Markets. Guggenheim maintained the shares of ALE in report on Tuesday, January 2 with “Hold” rating. The firm has “Underweight” rating by JP Morgan given on Wednesday, November 15. The rating was maintained by JP Morgan on Thursday, October 12 with “Underweight”.

ALLETE, Inc. operates as an energy company. The company has market cap of $3.67 billion. The firm operates through three divisions: Regulated Operations, ALLETE Clean Energy, and U.S. It has a 20.81 P/E ratio. Water Services.

More recent ALLETE, Inc. (NYSE:ALE) news were published by: Streetinsider.com which released: “ALLETE, Inc. (ALE) Appoints Susan K. Nestegard to Board” on January 16, 2018. Also Businesswire.com published the news titled: “ALLETE to Announce 2017 Financial Results on February 15” on January 15, 2018. Streetinsider.com‘s news article titled: “ALLETE, Inc. (ALE) Clean Energy Announces 40-MW Purchase of Wind Turbines from …” with publication date: January 17, 2018 was also an interesting one.

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