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United States

ALLETE Inc (ALE)

ALE on New York Consolidated

76.91USD
22 Sep 2017
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Latest Key Developments (Source: Significant Developments)

U.S. Water expands integrated offerings and applications
Friday, 8 Sep 2017 07:30am EDT 

Sept 8 (Reuters) - Allete Inc ::U.S. Water expands its integrated offerings and applications with acquisition.‍U.S. Water Services Inc -acquisition of Tonka Water will allow U.S. Water to expand its integrated water treatment equipment offerings, applications​.  Full Article

Allete subsidiary U.S. Water acquires Tonka Water
Friday, 8 Sep 2017 06:30am EDT 

Sept 8 (Reuters) - Allete Inc :Allete subsidiary U.S. Water acquires Tonka Water, a minnesota-based supplier of water treatment systems.  Full Article

Allete Clean Energy announces $80 mln turbine refurbishment initiative
Wednesday, 2 Aug 2017 02:00pm EDT 

Aug 2 (Reuters) - Allete Clean Energy::Allete Clean Energy announces $80 million turbine refurbishment initiative.Announced a strategic initiative to refurbish 385 wind turbines at three wind farms in Minnesota and Iowa​.‍Refurbishment will be staged from 2017 through 2020 to minimize turbine downtime, maximize safe energy production at each site​.‍Also announced agreement with Montana-Dakota utilities in January to expand thunder spirit wind farm in Hettinger, North Dakota​.Working to recontract balance of storm Lake I and II power sale agreements which expire in 2019​.MDU signed a 25-year power sale agreement with Allete Clean Energy to purchase energy from expansion.MDU also has an option to buy as it did with first phase of thunder spirit.  Full Article

Allete Q2 earnings per share $0.72
Wednesday, 2 Aug 2017 06:30am EDT 

Aug 2 (Reuters) - Allete Inc :Allete, Inc. Reports strong second quarter 2017 earnings.Q2 earnings per share $0.72.Q2 revenue $353.3 million.Q2 earnings per share view $0.55 -- Thomson Reuters I/B/E/S.Allete Inc - Q2 operating revenue of $353.3 million versus $314.8 million.  Full Article

Allete declared a quarterly dividend of 53.5 cents
Thursday, 27 Jul 2017 06:30am EDT 

July 27 (Reuters) - Allete Inc :Board of directors has declared a quarterly dividend of 53.5 cents.  Full Article

Allete Q1 earnings per share $0.97
Thursday, 4 May 2017 06:30am EDT 

May 4 (Reuters) - Allete Inc ::Allete, Inc. reports higher first quarter 2017 earnings.Q1 earnings per share $0.97.Q1 revenue $365.6 million.Q1 earnings per share view $0.94 -- Thomson Reuters I/B/E/S.  Full Article

ALLETE board of directors raises quarterly common stock dividend
Wednesday, 25 Jan 2017 06:30am EST 

ALLETE Inc : ALLETE board of directors raises quarterly common stock dividend .ALLETE Inc- Increased quarterly dividend on company's common stock to 53.5 cents per share, an increase of 3 percent.  Full Article

Allete Q3 earnings per share $0.81
Friday, 4 Nov 2016 06:30am EDT 

Allete Inc : Allete Inc reports third quarter 2016 earnings . Q3 earnings per share $0.81 . Q3 revenue $349.6 million .Q3 earnings per share view $0.96 -- Thomson Reuters I/B/E/S.  Full Article

Allete says Minnesota Power reaches 5-yr agreement to supply electricity to U.S. Steel through at least Dec. 2021
Tuesday, 11 Oct 2016 06:30am EDT 

Allete Inc :Allete says Minnesota Power has reached a five-year agreement to supply electricity to U.S. Steel through at least December 2021.  Full Article

Allete reports second quarter revenue of $314.8 million
Wednesday, 3 Aug 2016 06:30am EDT 

Allete Inc : Allete, inc. Reports second quarter 2016 earnings . Q2 revenue $314.8 million . Q2 earnings per share view $0.51 -- Thomson Reuters I/B/E/S .Q2 earnings per share $0.50.  Full Article

BRIEF-Allete subsidiary U.S. Water acquires Tonka Water

* Allete subsidiary U.S. Water acquires Tonka Water, a minnesota-based supplier of water treatment systems Source text for Eikon: Further company coverage: