ALLETE, Inc. (ALE) EPS Estimated At $0.99

April 20, 2018 - By Vivian Park

ALLETE, Inc. (NYSE:ALE) LogoInvestors sentiment increased to 1.29 in Q4 2017. Its up 0.31, from 0.98 in 2017Q3. It increased, 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.
Ameritas Investment Prtnrs Inc accumulated 0.01% or 4,355 shares. State Of Alaska Department Of Revenue holds 10,153 shares or 0.02% of its portfolio. Credit Suisse Ag holds 0% of its portfolio in ALLETE, Inc. (NYSE:ALE) for 55,457 shares. Coldstream Capital Management Incorporated invested in 0.03% or 3,327 shares. Cetera Advisor Netwr Ltd reported 0.02% in ALLETE, Inc. (NYSE:ALE). Invesco Limited owns 373,717 shares. Hightower Ltd Co invested in 0% or 4,247 shares. Aperio Ltd Liability Com accumulated 0.01% or 23,628 shares. Levin Cap Strategies L P stated it has 2,886 shares or 0% of all its holdings. Cwm Lc has invested 0% in ALLETE, Inc. (NYSE:ALE). Royal Bankshares Of Canada holds 0% or 46,070 shares. Riverhead Capital Mngmt Llc, Delaware-based fund reported 6,086 shares. Numeric Invsts Ltd Limited Liability Company holds 268,989 shares or 0.15% of its portfolio. Glenmede Tru Communication Na owns 0.13% invested in ALLETE, Inc. (NYSE:ALE) for 415,529 shares. Connecticut-based Paloma Partners Mngmt has invested 0.09% in ALLETE, Inc. (NYSE:ALE).

Since March 26, 2018, it had 0 insider buys, and 1 insider 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 of ALLETE, Inc. (NYSE:ALE) has “Underweight” rating given on Tuesday, April 10 by JP Morgan. The company was maintained on Wednesday, November 15 by JP Morgan. The rating was maintained by JP Morgan with “Underweight” on Thursday, January 25. The firm earned “Underweight” rating on Friday, March 16 by JP Morgan. Wells Fargo maintained it with “Hold” rating and $71.0 target in Tuesday, February 13 report. The firm has “Hold” rating given on Tuesday, January 2 by Guggenheim.

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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