ALLETE, Inc. (ALE) Analysts See $0.99 EPS

April 20, 2018 - By Darrin Black

ALLETE, Inc. (NYSE:ALE) LogoInvestors sentiment increased to 1.29 in 2017 Q4. Its up 0.31, from 0.98 in 2017Q3. It improved, as 14 investors sold ALLETE, Inc. shares while 75 reduced holdings. 41 funds opened positions while 74 raised stakes. 35.80 million shares or 1.23% less from 36.24 million shares in 2017Q3 were reported.
Parametrica Management reported 0.2% of its portfolio in ALLETE, Inc. (NYSE:ALE). 1,400 are owned by Rocky Mountain Advisers Ltd Liability Co. Duncker Streett & Com holds 0.01% or 666 shares. Balyasny Asset Management Limited Liability Corp invested in 4,188 shares. 40,660 are owned by Grp Incorporated Inc. Moreover, Duff And Phelps Investment Mgmt Communications has 0.05% invested in ALLETE, Inc. (NYSE:ALE). Deroy And Devereaux Private Inv Counsel Inc holds 1.59% or 202,599 shares. Qs Investors Ltd Llc holds 0.06% of its portfolio in ALLETE, Inc. (NYSE:ALE) for 81,166 shares. Legal And General Grp Public Limited Com has 0.01% invested in ALLETE, Inc. (NYSE:ALE). Covington Capital has invested 0% in ALLETE, Inc. (NYSE:ALE). Moreover, Eagle Ridge Invest Mngmt has 0.06% invested in ALLETE, Inc. (NYSE:ALE) for 4,855 shares. Rhumbline Advisers holds 125,027 shares or 0.02% of its portfolio. Bnp Paribas Arbitrage stated it has 41,588 shares. Bancorp Of Montreal Can holds 0% or 2,402 shares. Gamco Investors Inc Et Al has invested 0% in ALLETE, Inc. (NYSE:ALE).

Since March 26, 2018, it had 0 insider buys, and 1 sale for $56,408 activity.

Analysts expect ALLETE, Inc. (NYSE:ALE) to report $0.99 EPS on May, 2 before the open.They anticipate $0.02 EPS change or 2.06 % from last quarter’s $0.97 EPS. ALE’s profit would be $50.75M giving it 18.49 P/E if the $0.99 EPS is correct. After having $0.62 EPS previously, ALLETE, Inc.’s analysts see 59.68 % EPS growth. The stock decreased 0.69% or $0.505 during the last trading session, reaching $73.205. About 71,637 shares traded. ALLETE, Inc. (NYSE:ALE) has risen 5.24% since April 20, 2017 and is uptrending. It has underperformed by 6.31% the S&P500.

ALLETE, Inc. (NYSE:ALE) Ratings Coverage

Among 4 analysts covering ALLETE (NYSE:ALE), 1 have Buy rating, 1 Sell and 2 Hold. Therefore 25% are positive. ALLETE had 7 analyst reports since November 15, 2017 according to SRatingsIntel. The stock has “Underweight” rating by JP Morgan on Wednesday, November 15. The firm earned “Hold” rating on Tuesday, January 2 by Guggenheim. The rating was maintained by JP Morgan on Friday, March 16 with “Underweight”. The stock of ALLETE, Inc. (NYSE:ALE) earned “Underweight” rating by JP Morgan on Tuesday, April 10. On Thursday, January 25 the stock rating was maintained by JP Morgan with “Underweight”. The stock of ALLETE, Inc. (NYSE:ALE) earned “Hold” rating by Wells Fargo on Tuesday, February 13.

ALLETE, Inc. operates as an energy company. The company has market cap of $3.75 billion. The firm operates through three divisions: Regulated Operations, ALLETE Clean Energy, and U.S. It has a 21.66 P/E ratio. Water Services.

ALLETE, Inc. (NYSE:ALE) Institutional Positions Chart

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