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United States

ALLETE Inc (ALE)

ALE on New York Consolidated

65.19USD
9 Dec 2016
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$0.98 (+1.53%)
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ALE

Chart for ALE

About

ALLETE, Inc. is an energy company. The Company operates through three segments. 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... (more)

Overall

Beta: 0.50
Market Cap(Mil.): $3,224.47
Shares Outstanding(Mil.): 49.46
Dividend: 0.52
Yield (%): 3.19

Financials

  ALE Industry Sector
P/E (TTM): 24.89 8.94 13.94
EPS (TTM): 2.62 -- --
ROI: 2.87 9.22 6.60
ROE: 7.00 13.75 11.60

BRIEF-U.S. Water acquires Water & Energy Systems Technology

* U.S. Water - announced acquisition of Water & Energy Systems Technology Inc

Nov 18 2016

Brazil's Cemig to raise stake in power distributer Light, seeks new investors

SAO PAULO, Nov 16 Brazil's state-controlled power holding company Cia Energética de Minas Gerais SA will raise its stake in Rio de Janeiro-based power distributor Light SA, an executive told investors during a teleconference.

Nov 16 2016

BRIEF-Allete Q3 earnings per share $0.81

* Q3 earnings per share view $0.96 -- Thomson Reuters I/B/E/S Source text for Eikon: Further company coverage:

Nov 04 2016

BRIEF-Allete promotes Bob Adams to CFO effective March 2017

* Bob Adams promoted to Allete chief financial officer effective March 2017

Oct 25 2016

BRIEF-Minnesota Power to retire two small coal-fired generators at Boswell Energy

* Decision to retire two small coal units consistent with Minnesota Power's EnergyForward plan

Oct 19 2016

BRIEF-Allete says Minnesota Power reaches 5-yr agreement to supply electricity to U.S. Steel through at least Dec. 2021

* Allete says Minnesota Power has reached a five-year agreement to supply electricity to U.S. Steel through at least December 2021 Source text for Eikon: Further company coverage:

Oct 11 2016

BRIEF-Allete reports second quarter revenue of $314.8 million

* Q2 earnings per share view $0.51 -- Thomson Reuters I/B/E/S

Aug 03 2016

BRIEF-Allete files for potential mixed shelf offering

* Files for potential mixed shelf offering; size not disclosed - SEC filing Source text for Eikon: Further company coverage:

Aug 01 2016

Brazil's utility Equatorial places bid for Light control -report

SAO PAULO, July 18 Brazil's utility Equatorial Energia SA has placed a bid to acquire electric distribution company Light SA, the blog Brazil Journal reported, without saying how it got the information.

Jul 18 2016

Exclusive: Brazil's Cemig hires banks to sell gas business, hydroelectric plants - sources

SAO PAULO Cia Energética de Minas Gerais SA has hired at least three investment banks to prepare the sale of small hydropower plants and a gas distribution unit, according to three sources with direct knowledge of the plans, part of efforts by Brazil's second largest power distribution firm to cut its debt.

Jul 05 2016

Earnings vs. Estimates