Analyst Activity – JPMorgan Chase & Co. Raises Its Price Target On ALLETE (NYSE:ALE) to $64.00

Analyst Ratings For ALLETE (NYSE:ALE)

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Today, JPMorgan Chase & Co. raised its price target on ALLETE (NYSE:ALE) to $64.00 per share.

Some recent analyst ratings include

  • 2/28/2018-Mizuho initiated coverage with a Buy rating.
  • 2/23/2018-Guggenheim Reiterated Rating of Hold.
  • 2/2/2018-Williams Capital Upgrade from a “Hold ” rating to a ” Buy” rating.
  • 10/20/2017-Ladenburg Thalmann Financial Services was Downgraded by analysts at Ladenburg Thalmann Financial Services from a “Buy ” rating to a ” Neutral” rating. They now have a $78.00 price target on the stock.
  • 11/3/2016-Macquarie initiated coverage with a Neutral rating.

Dividend information for ALLETE (NYSE:ALE)

ALLETE (NYSE:ALE) pays an annual dividend of $2.24 with a yield of 3.19% and an average dividend growth of 3.00% based on a 3 Year Average..

Dividend History for ALLETE (NYSE:ALE)

  • 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 3/1/2018.
  • On 10/25/2017 ALLETE announced a quarterly dividend of $0.54 2.71% with an ex dividend date of 11/14/2017 which will be payable on 12/1/2017.
  • On 7/27/2017 ALLETE announced a quarterly dividend of $0.54 2.95% with an ex dividend date of 8/11/2017 which will be payable on 9/1/2017.
  • On 4/26/2017 ALLETE announced a quarterly dividend of $0.54 3.01% with an ex dividend date of 5/11/2017 which will be payable on 6/1/2017.
  • On 1/25/2017 ALLETE announced a quarterly dividend of $0.54 3.33% with an ex dividend date of 2/13/2017 which will be payable on 3/1/2017.
  • On 10/28/2016 ALLETE announced a quarterly dividend of $0.52 3.39% with an ex dividend date of 11/10/2016 which will be payable on 12/1/2016.
  • On 7/28/2016 ALLETE announced a quarterly dividend of $0.52 3.26% with an ex dividend date of 8/11/2016 which will be payable on 9/1/2016.

Recent Insider Trading Activity For ALLETE (NYSE:ALE)
ALLETE (NYSE:ALE) has insider ownership of 0.42% and institutional ownership of 73.55%.

  • 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.
  • On 5/9/2017 Steven Q. Devinck, Insider, sold 2,000 with an average share price of $69.67 per share and the total transaction amounting to $139,340.00.
  • On 5/6/2016 Steven Wayne Morris, Insider, sold 392 with an average share price of $56.15 per share and the total transaction amounting to $22,010.80.
  • On 3/9/2016 Deborah A Amberg, VP, sold 14,722 with an average share price of $55.90 per share and the total transaction amounting to $822,959.80.
  • On 2/1/2016 Madeleine W. Ludlow, Director, sold 200 with an average share price of $52.62 per share and the total transaction amounting to $10,524.00.
  • On 1/1/2016 Madeleine W Ludlow, Director, sold 200 with an average share price of $50.08 per share and the total transaction amounting to $10,016.00.
  • On 8/17/2015 David J Mcmillan, SVP, sold 4,019 with an average share price of $52.00 per share and the total transaction amounting to $208,988.00.

Recent Trading Activity for ALLETE (NYSE:ALE)
Shares of ALLETE closed the previous trading session at 70.37 up +0.87 1.25% with 69.61000061035156 shares trading hands.

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