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

April 26, 2018 - By Henry Gaston

ALLETE, Inc. (NYSE:ALE) LogoInvestors sentiment increased to 1.29 in Q4 2017. 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.
Coldstream Management invested in 0.03% or 3,327 shares. Pub Employees Retirement Sys Of Ohio stated it has 9,119 shares or 0% of all its holdings. Guggenheim Capital Limited Com reported 123,461 shares stake. Paradigm Asset Mgmt Limited Liability reported 7,700 shares. Viking Fund Mngmt Lc has invested 0.12% in ALLETE, Inc. (NYSE:ALE). Glenmede Trust Com Na invested 0.13% of its portfolio in ALLETE, Inc. (NYSE:ALE). Fortaleza Asset Mngmt holds 1.92% or 4,115 shares in its portfolio. 13,501 are held by Perella Weinberg Prns L P. Jefferies Ltd Liability has 0% invested in ALLETE, Inc. (NYSE:ALE). Alabama-based Weiss Multi has invested 0.04% in ALLETE, Inc. (NYSE:ALE). Westwood Grp accumulated 539,826 shares. Crow Point Prns Limited Liability Corporation holds 0.12% in ALLETE, Inc. (NYSE:ALE) or 10,000 shares. Regions Financial accumulated 5,915 shares. Finance Services Corporation has invested 0% in ALLETE, Inc. (NYSE:ALE). 30,500 are owned by Bridgeway Cap Management.

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 $50.76 million giving it 19.01 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 increased 0.49% or $0.37 during the last trading session, reaching $75.27. About 284,972 shares traded. ALLETE, Inc. (NYSE:ALE) has risen 5.24% since April 26, 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. JP Morgan maintained ALLETE, Inc. (NYSE:ALE) on Tuesday, April 10 with “Underweight” rating. The stock of ALLETE, Inc. (NYSE:ALE) earned “Underweight” rating by JP Morgan on Wednesday, November 15. On Friday, March 16 the stock rating was maintained by JP Morgan with “Underweight”. Guggenheim maintained ALLETE, Inc. (NYSE:ALE) rating on Tuesday, January 2. Guggenheim has “Hold” rating and $76.0 target. JP Morgan maintained ALLETE, Inc. (NYSE:ALE) rating on Thursday, January 25. JP Morgan has “Underweight” rating and $73 target. The firm has “Hold” rating by Wells Fargo given on Tuesday, February 13.

ALLETE, Inc. operates as an energy company. The company has market cap of $3.86 billion. The firm operates through three divisions: Regulated Operations, ALLETE Clean Energy, and U.S. It has a 22.27 P/E ratio. Water Services.

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

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