ALLETE (NYSE:ALE) reported earnings of $0.61 per share missing Walls Streets expectations.

ME Staff
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ALLETE (NYSE:ALE) reported Q2 2018 earnings this Morning, coming in at $0.61 per share, missing Wall Street’s estimates of $0.71 per Share. Revenue for the quarter came in at $344.10 million beating analyst estimates of $343.00 million

Recent Insider Trading for ALLETE (NYSE:ALE)

  • On 7/26/2018 James J. Hoolihan, Director, sold 800 with an average share price of $77.62 per share and the total transaction amounting to $62,096.00.
  • On 6/26/2018 James J. Hoolihan, Director, sold 800 with an average share price of $77.22 per share and the total transaction amounting to $61,776.00.
  • On 5/26/2018 James J Hoolihan, Director, sold 800 with an average share price of $75.85 per share and the total transaction amounting to $60,680.00.
  • On 4/26/2018 James J Hoolihan, Director, sold 800 with an average share price of $75.16 per share and the total transaction amounting to $60,128.00.
  • On 3/26/2018 James J. Hoolihan, Director, sold 800 with an average share price of $70.51 per share and the total transaction amounting to $56,408.00.
  • On 8/8/2017 Madeleine W. Ludlow, Director, sold 2,500 with an average share price of $74.83 per share and the total transaction amounting to $187,075.00.



Dividend History for ALLETE (NYSE:ALE)

  • On 7/27/2018 ALLETE announced a quarterly dividend of $0.56 2.87% with an ex dividend date of 8/14/2018 which will be payable on 8/15/2018.
  • On 4/25/2018 ALLETE announced a quarterly dividend of $0.56 2.99% with an ex dividend date of 5/14/2018 which will be payable on 5/15/2018.
  • On 1/25/2018 ALLETE announced a quarterly dividend of $0.56 3.05% with an ex dividend date of 2/14/2018 which will be payable on 2/15/2018.
  • On 10/25/2017 ALLETE announced a quarterly dividend of $0.5350 2.71% with an ex dividend date of 11/14/2017 which will be payable on 11/15/2017.
  • On 7/27/2017 ALLETE announced a quarterly dividend of $0.5350 2.95% with an ex dividend date of 8/11/2017 which will be payable on 8/15/2017.
  • On 4/26/2017 ALLETE announced a quarterly dividend of $0.5350 3.01% with an ex dividend date of 5/11/2017 which will be payable on 5/15/2017.
  • On 1/25/2017 ALLETE announced a quarterly dividend of $0.5350 3.33% with an ex dividend date of 2/13/2017 which will be payable on 2/15/2017.



About Company
ALLETE, Inc. operates as an energy company. The company operates through three segments: Regulated Operations, ALLETE Clean Energy, and U.S. Water Services. It generates electricity from coal-fired, natural gas-fired, biomass co-fired, hydroelectric, wind, solar, and other sources. The company provides regulated electric, natural gas, and water services in northwestern Wisconsin to approximately 15,000 electric customers, 13,000 natural gas customers, and 10,000 water customers, as well as regulated utility electric services in northeastern Minnesota to approximately 145,000 retail customers and 16 non-affiliated municipal customers. It also owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illinois. In addition, the company focuses on developing, acquiring, and operating clean and renewable energy projects; and owns and operates approximately 535 megawatt of wind energy generation. Further, it offers integrated water management for industry by combining chemical, equipment, engineering, and service for customized solutions to reduce water and energy usage. Additionally, the company is involved in the coal mining operations in North Dakota; and real estate investment activities in Florida. The company owns and operates 167 substations with a total capacity of 8,540 megavolt amperes. It serves taconite mining, iron concentrate, paper, pulp and wood products, pipeline, and other industries. The company was founded in 1906 and is headquartered in Duluth, Minnesota.

Recent Analyst Rating for ALLETE (NYSE:ALE)

  • On 7/27/2018 quarterly, $0.56, to 2.87% with a price target of 8/14/2018
  • On 8/15/2018 9/1/2018 4/25/2018, quarterly, to $0.56 with a price target of 2.99%
  • On 5/14/2018 5/15/2018, 6/1/2018 1/25/2018, to quarterly with a price target of $0.56
  • On 2/14/2018 2/15/2018, 3/1/2018 10/25/2017, to quarterly with a price target of $0.5350
  • On 11/14/2017 11/15/2017, 12/1/2017 7/27/2017, to quarterly with a price target of $0.5350
  • On 8/11/2017 8/15/2017, 9/1/2017 4/26/2017, to quarterly with a price target of $0.5350



Recent Trading for ALLETE (NYSE:ALE)
Shares of ALLETE closed the previous trading session at with shares trading hands.