Allete Inc (ALE) 60.51 $ALE
ALLETE (ALE) Down on Q2 Earnings Miss, Lower Revenues
Zacks Equity Research - Zacks Investment Research - Thu Aug 04, 8:33AM CDT
ALLETE's (ALE) earnings per share in the second quarter of 2016 were a penny lower than the Zacks Consensus Estimate.
74.75 (+0.69), AEP: 65.24 (+0.83), ALE: 60.51 (+1.08), DTE: 93.20 (+0.99)
ALLETE, Inc. Reports Second Quarter 2016 Earnings
BusinessWire - Wed Aug 03, 5:30AM CDT
ALLETE, Inc. (NYSE: ALE) today reported second quarter 2016 earnings of 50 cents per share on net income of $24.8 million and operating revenue of $314.8 million. Last year's results were 46 cents per share on net income of $22.5 million and operating revenue of $323.3 million, and included profit recognition of $1.5 million after-tax, or 3 cents per share, for the construction of a wind energy facility which was sold to Montana-Dakota Utilities in the fourth quarter of 2015. Net income in 2015 also included acquisition costs of $0.9 million, or 2 cents per share.
ALE: 60.51 (+1.08)
Utility Stocks' Earnings on Aug 3: D, XEL, ALE, AVA, BKH
Zacks Equity Research - Zacks Investment Research - Tue Aug 02, 7:32AM CDT
As per the latest Earnings Preview report, the general outlook for the utility sector remains bullish on the back of the projections of a 20.4% year-over-year surge in quarterly earnings, compared to the S&P 500's anticipated 3.4% drop over the same period
74.75 (+0.69), XEL: 41.71 (+0.44), AVA: 41.12 (+0.60), ALE: 60.51 (+1.08), BKH: 59.35 (+0.94)
ALLETE Board of Directors Declares Dividend on Common Stock
BusinessWire - Thu Jul 28, 5:29AM CDT
The ALLETE, Inc. (NYSE: ALE) board of directors has declared a quarterly dividend of 52 cents per share of common stock.
ALE: 60.51 (+1.08)
Minnesota Power Seeks Proposals for Large-Scale Wind, Solar Energy, and Customer-Driven Resources
BusinessWire - Wed Jul 27, 3:15PM CDT
Minnesota Power today is releasing the first in a series of Requests for Proposals as part of the company's broad resource evaluation process to further its EnergyForward strategy. EnergyForward calls for a diversified power supply to meet customers' needs reliably and cost effectively in an environmentally responsible manner. Minnesota Power will consider the costs and characteristics of the proposals received and analyze whether they are beneficial resource additions for its customers.
ALE: 60.51 (+1.08)
Cliffs to Supply Iron Ore to ArcelorMittal for 10 Years
Zacks Equity Research - Zacks Investment Research - Wed Jun 01, 6:21AM CDT
Cliffs Natural Resources Inc. (CLF) has announced a 10-year iron ore pellet supply agreement with ArcelorMittal USA LLC, part of ArcelorMittal (MT).
SCCO: 26.10 (+0.22), ALE: 60.51 (+1.08), CLF: 5.73 (-0.05), MT: 6.04 (+0.07)
Upgrade Alert for Allete (ALE)
Comtex SmarTrend(R) - Thu May 26, 3:24AM CDT
Allete (NYSE:ALE) was upgraded from Hold to Buy at Williams Capital today. The stock closed yesterday at $56.13 on volume of 260,000 shares, below average daily volume of 314,000. ALLETE, Inc. provides energy services in the upper Midwest United States. The Company generates, transmits, distributes, markets, and trades electrical power for retail and wholesale customers.
ALE: 60.51 (+1.08)
Al Rudeck Named President of ALLETE Clean Energy; Eric Norberg to Retire
BusinessWire - Wed May 25, 10:00AM CDT
Al Rudeck has been named President of ALLETE Clean Energy, a wholly-owned subsidiary of ALLETE Inc. (NYSE:ALE). Rudeck will replace Eric Norberg, who is retiring effective July 1, 2016, after 38 years with ALLETE.
MDU: 23.90 (+0.33), ALE: 60.51 (+1.08)
Cliffs Announces Agreements with Minnesota Power
PR Newswire - Tue May 24, 7:00AM CDT
Cliffs Natural Resources Inc. (NYSE: CLF) announced today that through its subsidiaries it has entered into multiple agreements with Minnesota Power, a utility division of ALLETE Inc. (NYSE: ALE). Cliffs will receive $31 million dollars in cash as part of a long-term purchased power arrangement for its Northshore operation with Minnesota Power through 2031. The agreements, 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 Northshore Mining Company; and transportation rights along the Cliffs Erie rail assets. Separately, Cliffs has extended its regulated power arrangements with Minnesota Power for 10 years at its United Taconite and Babbitt facilities.
ALE: 60.51 (+1.08), CLF: 5.73 (-0.05)
U.S. Water's Cambridge Facility Wins Minnesota Governor's Safety Award
BusinessWire - Mon May 23, 7:30AM CDT
U.S. Water's Cambridge, Minnesota, facility, the leading national provider of integrated solutions for water treatment, was awarded a Meritorious Achievement in Occupational Safety 2015 Governor's Safety Award during the 2016 Minnesota Safety & Health Conference in Minneapolis.
ALE: 60.51 (+1.08)
CEO Hodnik Tells Shareholders ALLETE Has Sustainable Future
BusinessWire - Tue May 10, 1:00PM CDT
ALLETE Inc. (NYSE:ALE) is providing sustainable solutions for the nation's changing energy and water needs, company investors heard today at the Duluth-based energy company's 2016 Annual Meeting of Shareholders.
ALE: 60.51 (+1.08)
ALLETE (ALE) Stock Up on Q1 Earnings Beat, Revenues Rise
Zacks Equity Research - Zacks Investment Research - Wed May 04, 7:57AM CDT
ALLETE's (ALE) earnings per share in the first quarter of 2016 surpassed the Zacks Consensus Estimate.
AEP: 65.24 (+0.83), NI: 24.13 (+0.30), ALE: 60.51 (+1.08), DTE: 93.20 (+0.99)
Allete beats 1Q profit forecasts
Automated Insights - Tue May 03, 5:41AM CDT
DULUTH, Minn. (AP) _ Allete Inc. (ALE) on Tuesday reported first-quarter profit of $45.9 million.
ALE: 60.51 (+1.08)
ALLETE, Inc. Reports Higher First Quarter 2016 Earnings
BusinessWire - Tue May 03, 5:30AM CDT
ALLETE, Inc. (NYSE: ALE) today reported first quarter 2016 earnings of 93 cents per share on net income of $45.9 million and operating revenue of $333.8 million. Last year's results were 85 cents per share on net income of $39.9 million and operating revenue of $320.0 million. Net income for 2015 included $3 million, or 6 cents per share, of acquisition costs related to ALLETE's acquisition of U.S. Water Services in February of last year.
ALE: 60.51 (+1.08)
ALLETE to Announce First Quarter Financial Results on May 3
BusinessWire - Mon Apr 11, 1:00PM CDT
ALLETE, Inc. (NYSE:ALE) will announce its financial results for the first quarter before the stock markets open on Tuesday, May 3, 2016.
ALE: 60.51 (+1.08)
Downgrade Alert for Allete (ALE)
Comtex SmarTrend(R) - Wed Mar 30, 3:22AM CDT
Allete (NYSE:ALE) was downgraded from Buy to Hold at Williams Capital today. The stock closed yesterday at $57.29 on volume of 684,000 shares, above average daily volume of 243,000. Allete (NYSE:ALE) is currently priced 3.6% above its average consensus analyst price target of $55.25. Allete shares have support at the 50-day moving average (MA) of $53.80 and additional support at the 200-day MA of $50.58.
ALE: 60.51 (+1.08)
Zacks Industry Outlook Highlights: ALLETE, Exelon, PG&E and DTE Energy
Zacks Equity Research - Zacks Investment Research - Fri Feb 05, 8:30AM CST
Zacks Industry Outlook Highlights: ALLETE, Exelon, PG&E and DTE Energy
PCG: 62.35 (+0.54), EXC: 34.07 (+0.26), ALE: 60.51 (+1.08), DTE: 93.20 (+0.99)
ALLETE (ALE) Down on Q2 Earnings Miss, Lower Revenues
Zacks Equity Research - Zacks Investment Research - Thu Aug 04, 8:33AM CDT
ALLETE's (ALE) earnings per share in the second quarter of 2016 were a penny lower than the Zacks Consensus Estimate.
74.75 (+0.69), AEP: 65.24 (+0.83), ALE: 60.51 (+1.08), DTE: 93.20 (+0.99) ALLETE, Inc. Reports Second Quarter 2016 Earnings
BusinessWire - Wed Aug 03, 5:30AM CDT
ALLETE, Inc. (NYSE: ALE) today reported second quarter 2016 earnings of 50 cents per share on net income of $24.8 million and operating revenue of $314.8 million. Last year's results were 46 cents per share on net income of $22.5 million and operating revenue of $323.3 million, and included profit recognition of $1.5 million after-tax, or 3 cents per share, for the construction of a wind energy facility which was sold to Montana-Dakota Utilities in the fourth quarter of 2015. Net income in 2015 also included acquisition costs of $0.9 million, or 2 cents per share.
ALE: 60.51 (+1.08)
Utility Stocks' Earnings on Aug 3: D, XEL, ALE, AVA, BKH
Zacks Equity Research - Zacks Investment Research - Tue Aug 02, 7:32AM CDT
As per the latest Earnings Preview report, the general outlook for the utility sector remains bullish on the back of the projections of a 20.4% year-over-year surge in quarterly earnings, compared to the S&P 500's anticipated 3.4% drop over the same period
74.75 (+0.69), XEL: 41.71 (+0.44), AVA: 41.12 (+0.60), ALE: 60.51 (+1.08), BKH: 59.35 (+0.94) ALLETE Board of Directors Declares Dividend on Common Stock
BusinessWire - Thu Jul 28, 5:29AM CDT
The ALLETE, Inc. (NYSE: ALE) board of directors has declared a quarterly dividend of 52 cents per share of common stock.
ALE: 60.51 (+1.08)
Minnesota Power Seeks Proposals for Large-Scale Wind, Solar Energy, and Customer-Driven Resources
BusinessWire - Wed Jul 27, 3:15PM CDT
Minnesota Power today is releasing the first in a series of Requests for Proposals as part of the company's broad resource evaluation process to further its EnergyForward strategy. EnergyForward calls for a diversified power supply to meet customers' needs reliably and cost effectively in an environmentally responsible manner. Minnesota Power will consider the costs and characteristics of the proposals received and analyze whether they are beneficial resource additions for its customers.
ALE: 60.51 (+1.08)
Cliffs to Supply Iron Ore to ArcelorMittal for 10 Years
Zacks Equity Research - Zacks Investment Research - Wed Jun 01, 6:21AM CDT
Cliffs Natural Resources Inc. (CLF) has announced a 10-year iron ore pellet supply agreement with ArcelorMittal USA LLC, part of ArcelorMittal (MT).
SCCO: 26.10 (+0.22), ALE: 60.51 (+1.08), CLF: 5.73 (-0.05), MT: 6.04 (+0.07)
Upgrade Alert for Allete (ALE)
Comtex SmarTrend(R) - Thu May 26, 3:24AM CDT
Allete (NYSE:ALE) was upgraded from Hold to Buy at Williams Capital today. The stock closed yesterday at $56.13 on volume of 260,000 shares, below average daily volume of 314,000. ALLETE, Inc. provides energy services in the upper Midwest United States. The Company generates, transmits, distributes, markets, and trades electrical power for retail and wholesale customers.
ALE: 60.51 (+1.08)
Al Rudeck Named President of ALLETE Clean Energy; Eric Norberg to Retire
BusinessWire - Wed May 25, 10:00AM CDT
Al Rudeck has been named President of ALLETE Clean Energy, a wholly-owned subsidiary of ALLETE Inc. (NYSE:ALE). Rudeck will replace Eric Norberg, who is retiring effective July 1, 2016, after 38 years with ALLETE.
MDU: 23.90 (+0.33), ALE: 60.51 (+1.08)
Cliffs Announces Agreements with Minnesota Power
PR Newswire - Tue May 24, 7:00AM CDT
Cliffs Natural Resources Inc. (NYSE: CLF) announced today that through its subsidiaries it has entered into multiple agreements with Minnesota Power, a utility division of ALLETE Inc. (NYSE: ALE). Cliffs will receive $31 million dollars in cash as part of a long-term purchased power arrangement for its Northshore operation with Minnesota Power through 2031. The agreements, 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 Northshore Mining Company; and transportation rights along the Cliffs Erie rail assets. Separately, Cliffs has extended its regulated power arrangements with Minnesota Power for 10 years at its United Taconite and Babbitt facilities.
ALE: 60.51 (+1.08), CLF: 5.73 (-0.05)
U.S. Water's Cambridge Facility Wins Minnesota Governor's Safety Award
BusinessWire - Mon May 23, 7:30AM CDT
U.S. Water's Cambridge, Minnesota, facility, the leading national provider of integrated solutions for water treatment, was awarded a Meritorious Achievement in Occupational Safety 2015 Governor's Safety Award during the 2016 Minnesota Safety & Health Conference in Minneapolis.
ALE: 60.51 (+1.08)
CEO Hodnik Tells Shareholders ALLETE Has Sustainable Future
BusinessWire - Tue May 10, 1:00PM CDT
ALLETE Inc. (NYSE:ALE) is providing sustainable solutions for the nation's changing energy and water needs, company investors heard today at the Duluth-based energy company's 2016 Annual Meeting of Shareholders.
ALE: 60.51 (+1.08)
ALLETE (ALE) Stock Up on Q1 Earnings Beat, Revenues Rise
Zacks Equity Research - Zacks Investment Research - Wed May 04, 7:57AM CDT
ALLETE's (ALE) earnings per share in the first quarter of 2016 surpassed the Zacks Consensus Estimate.
AEP: 65.24 (+0.83), NI: 24.13 (+0.30), ALE: 60.51 (+1.08), DTE: 93.20 (+0.99)
Allete beats 1Q profit forecasts
Automated Insights - Tue May 03, 5:41AM CDT
DULUTH, Minn. (AP) _ Allete Inc. (ALE) on Tuesday reported first-quarter profit of $45.9 million.
ALE: 60.51 (+1.08)
ALLETE, Inc. Reports Higher First Quarter 2016 Earnings
BusinessWire - Tue May 03, 5:30AM CDT
ALLETE, Inc. (NYSE: ALE) today reported first quarter 2016 earnings of 93 cents per share on net income of $45.9 million and operating revenue of $333.8 million. Last year's results were 85 cents per share on net income of $39.9 million and operating revenue of $320.0 million. Net income for 2015 included $3 million, or 6 cents per share, of acquisition costs related to ALLETE's acquisition of U.S. Water Services in February of last year.
ALE: 60.51 (+1.08)
ALLETE to Announce First Quarter Financial Results on May 3
BusinessWire - Mon Apr 11, 1:00PM CDT
ALLETE, Inc. (NYSE:ALE) will announce its financial results for the first quarter before the stock markets open on Tuesday, May 3, 2016.
ALE: 60.51 (+1.08)
Downgrade Alert for Allete (ALE)
Comtex SmarTrend(R) - Wed Mar 30, 3:22AM CDT
Allete (NYSE:ALE) was downgraded from Buy to Hold at Williams Capital today. The stock closed yesterday at $57.29 on volume of 684,000 shares, above average daily volume of 243,000. Allete (NYSE:ALE) is currently priced 3.6% above its average consensus analyst price target of $55.25. Allete shares have support at the 50-day moving average (MA) of $53.80 and additional support at the 200-day MA of $50.58.
ALE: 60.51 (+1.08)
Zacks Industry Outlook Highlights: ALLETE, Exelon, PG&E and DTE Energy
Zacks Equity Research - Zacks Investment Research - Fri Feb 05, 8:30AM CST
Zacks Industry Outlook Highlights: ALLETE, Exelon, PG&E and DTE Energy
PCG: 62.35 (+0.54), EXC: 34.07 (+0.26), ALE: 60.51 (+1.08), DTE: 93.20 (+0.99)
