ALLETE, Inc. (ALE) - NYSE
  • Today, 6:45 AM
    • ALLETE (NYSE:ALE) declares $0.52/share quarterly dividend, in line with previous.
    • Forward yield 3.3%
    • Payable Sept. 1; for shareholders of record Aug. 15; ex-div Aug. 11.
    | Today, 6:45 AM
  • Tue, May 24, 11:47 AM
    • Cliffs Natural Resources (CLF +1.8%) is higher on news of a 15-year purchase power arrangement for its Northshore operation with Allete's (ALE +1.3%) Minnesota Power division, in which CLF will receive $31M.
    • CLF says the agreements, which are pending potential regulatory approval of the sale of utility assets, include certain non-core operations, transmission assets at United Taconite, certain land options at United Taconite and Northhsore Mining, and transportation rights along CLF's Erie rail assets.
    • CLF says it also extended its regulated power schedule with Minnesota Power for 10 years at its United Taconite and Babbitt facilities.
    | Tue, May 24, 11:47 AM | 24 Comments
  • Tue, May 3, 6:31 AM
    • ALLETE (NYSE:ALE): Q1 EPS of $0.93 beats by $0.03.
    • Revenue of $333.8M (+4.3% Y/Y) misses by $22.1M.
    • Press Release
    | Tue, May 3, 6:31 AM
  • Mon, May 2, 5:30 PM
  • Mon, May 2, 7:55 AM
    • April monthly performance was: +2.25%
    • AUM of $1.63B
    • $0.24 in dividends were paid in April
    • Top 10 Holdings as of 3/31/2016: Targa Resources Corp (TRGP): 1.5%, Cal-Maine Foods Inc (CALM): 1.34%, Covanta Holding Corp (CVA): 1.1%, Innoviva Inc (INVA): 1.09%, Regal Entertainment Group (RGC): 0.94%, Black Hills Corp (BKH): 0.84%, ALLETE Inc (ALE): 0.8%, Pattern Energy Group Inc Class A (PEGI): 0.78%, Joy Global Inc (JOY): 0.74%, The Laclede Group Inc (LG): 0.72%
    | Mon, May 2, 7:55 AM
  • Thu, Apr. 21, 6:42 AM
    • ALLETE (NYSE:ALE) declares $0.52/share quarterly dividend, in line with previous.
    • Forward yield 3.77%
    • Payable June 1; for shareholders of record May 16; ex-div May 12.
    | Thu, Apr. 21, 6:42 AM
  • Mon, Apr. 4, 7:24 AM
    • March monthly performance was: +9.16%
    • AUM of $1.22B
    • 52-week performance vs. the S&P 500 is: -5%
    • $0.11 in dividends were paid in March
    • Top 10 Holdings as of 2/29/2016: Cal-Maine Foods Inc (CALM): 1.49%, Targa Resources Corp (TRGP): 1.45%, Innoviva Inc (INVA): 1.1%, Covanta Holding Corp (CVA): 0.98%, Regal Entertainment Group (RGC): 0.94%, Black Hills Corp (BKH): 0.85%, ALLETE Inc (ALE): 0.81%, Pattern Energy Group Inc Class A (PEGI): 0.75%, The Laclede Group Inc (LG): 0.75%, WisdomTree MidCap Dividend ETF (DON): 0.72%
    | Mon, Apr. 4, 7:24 AM | 1 Comment
  • Mon, Apr. 4, 7:22 AM
    • March monthly performance was: +5.97%
    • AUM of $29.7M
    • No dividends were paid in March
    • Top 10 Holdings as of 2/29/2016: Black Hills Corp (BKH): 2.46%, SJW Corp (SJW): 2.21%, South Jersey Industries Inc (SJI): 2.11%, Cracker Barrel Old Country Store Inc (CBRL): 2.04%, New Jersey Resources Corp (NJR): 2.03%, MGE Energy Inc (MGEE): 2.03%, California Water Service Group (CWT): 2.02%, WGL Holdings Inc (WGL): 2.0%, The Laclede Group Inc (LG): 1.99%, ALLETE Inc (ALE): 1.97%
    | Mon, Apr. 4, 7:22 AM
  • Tue, Mar. 29, 12:29 PM
    • Allete (ALE -1.5%) is downgraded to Hold from Buy at Williams Capital, which says the Essar Steel situation continues to stumble into a perpetual morass as news in recent days is replete with stories of Essar's project failures (Briefing.com).
    • Construction at the project has been idled since late 2015 and numerous vendors have filed suit for non-payment and late payments on contracting work and heavy equipment purchases and leases, and Essar reportedly has retained financial and legal advisors for a financial restructuring.
    • While the company claims that it will resume construction, Williams says a financial restructuring does not bode well for near-term completion of the Essar plant, so investors should exclude any expected benefits to Minnesota Power from the Nashwauk/Essar Steel power supply agreement for the foreseeable future.
    | Tue, Mar. 29, 12:29 PM
  • Wed, Mar. 2, 6:30 AM
    • February monthly performance was: +2.35%
    • AUM of $1.12B
    • 52-week performance vs. the S&P 500 is: -4%
    • $0.09 in dividends were paid in February
    • Top 10 Holdings as of 1/29/2016: Cal-Maine Foods Inc (CALM): 1.43%, Targa Resources Corp (TRGP): 1.24%, Covanta Holding Corp (CVA): 1.02%, Innoviva Inc (INVA): 0.95%, Pattern Energy Group Inc Class A (PEGI): 0.85%, Regal Entertainment Group (RGC): 0.84%, ALLETE Inc (ALE): 0.83%, Black Hills Corp (BKH): 0.76%, Laclede Group Inc (LG): 0.75%, WisdomTree MidCap Dividend ETF (DON): 0.74%
    | Wed, Mar. 2, 6:30 AM
  • Thu, Feb. 18, 6:37 AM
    • ALLETE (NYSE:ALE): Q4 EPS of $0.37 may not be comparable to consensus of $0.78.
    • Revenue of $380.6M (+30.9% Y/Y) misses by $36.4M.
    • Press Release
    | Thu, Feb. 18, 6:37 AM
  • Wed, Feb. 17, 5:30 PM
    | Wed, Feb. 17, 5:30 PM | 11 Comments
  • Tue, Feb. 2, 9:00 AM
    • January monthly performance was: -5.46%
    • AUM of $1.07B
    • 52-week performance vs. the S&P 500 is: -9%
    • $0.15 in dividends were paid in January
    • Top 10 Holdings as of 12/31/2015: Targa Resources Corp (TRGP): 1.4%, Cal-Maine Foods Inc (CALM): 1.23%, Covanta Holding Corp (CVA): 1.04%, Theravance Inc (THRX): 0.94%, Pattern Energy Group Inc Class A (PEGI): 0.88%, Regal Entertainment Group (RGC): 0.86%, ALLETE Inc (ALE): 0.74%, WisdomTree MidCap Dividend ETF (DON): 0.73%, Black Hills Corp (BKH): 0.67%, Laclede Group Inc (LG): 0.65%
    | Tue, Feb. 2, 9:00 AM
  • Fri, Jan. 22, 6:43 AM
    • ALLETE (NYSE:ALE) declares $0.52/share quarterly dividend, 3% increase from prior dividend of $0.505.
    • Forward yield 4.26%
    • Payable March 1; for shareholders of record Feb. 16; ex-div Feb. 11.
    | Fri, Jan. 22, 6:43 AM | 1 Comment
  • Mon, Jan. 4, 9:02 AM
    • December monthly performance was: -3.11%
    • AUM of $1.15B
    • 52-week performance vs. the S&P 500 is: -7%
    • $0.31 in dividends were paid in December
    • Top 10 Holdings as of 11/30/2015: Vector Group Ltd (VGR): 1.82%, PBF Energy Inc Class A (PBF): 1.24%, UIL Holdings Corp (UIL): 0.96%, WGL Holdings Inc (WGL): 0.85%, B&G Foods Inc (BGS): 0.78%, Laclede Group Inc (LG): 0.76%, ALLETE Inc (ALE): 0.71%, SeaWorld Entertainment Inc (SEAS): 0.7%, Avista Corp (AVA): 0.67%, Theravance Inc (THRX): 0.66%
    | Mon, Jan. 4, 9:02 AM
  • Dec. 1, 2015, 9:27 AM
    • November monthly performance was: +2.31%
    • AUM of $1.2B
    • 52-week performance vs. the S&P 500 is: -3%
    • $0.13 in dividends were paid in November
    • Top 10 Holdings as of 10/30/2015: Vector Group Ltd (VGR): 1.76%, PBF Energy Inc Class A (PBF): 1.05%, UIL Holdings Corp (UIL): 0.98%, WGL Holdings Inc (WGL): 0.87%, SeaWorld Entertainment Inc (SEAS): 0.81%, Laclede Group Inc (LG): 0.77%, B&G Foods Inc (BGS): 0.75%, ALLETE Inc (ALE): 0.71%, New Jersey Resources Corporation (NJR): 0.69%, Diebold Inc (DBD): 0.68%
    | Dec. 1, 2015, 9:27 AM
Company Description
ALLETE, Inc. operates as an energy company, which provides electric and natural gas utility services. The company operates in two segments: Regulated Operations, and Investments & Other. The Regulated Operations segment includes its regulated utilities, Minnesota Power, Inc. and Superior Water,... More
Sector: Utilities
Industry: Diversified Utilities
Country: United States