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ALLETE Inc (ALE.N)

ALE.N on New York Stock Exchange

79.16USD
11 Dec 2017
Change (% chg)

$-0.17 (-0.21%)
Prev Close
$79.33
Open
$79.50
Day's High
$79.50
Day's Low
$78.54
Volume
96,309
Avg. Vol
72,726
52-wk High
$81.14
52-wk Low
$61.94

Latest Key Developments (Source: Significant Developments)

Allete Inc reports Q3 earnings per share of $0.88
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - Allete Inc :Allete Inc reports third quarter results; reaffirms 2017 earnings guidance.Sees FY 2017 earnings per share $3.15 to $3.40 excluding items.Q3 earnings per share $0.88.Q3 revenue $362.5 million.Q3 earnings per share view $0.94 -- Thomson Reuters I/B/E/S.Allete Inc - ‍remain on track to meet full-year earnings targets​.Allete-Sees 2017 EPS of $3.15 to $3.40 , excluding impact of MPUC's modification of Nov 2016 order on allocation of north Dakota investment tax credits​.FY2017 earnings per share view $3.36 -- Thomson Reuters I/B/E/S.  Full Article

Allete board declares quarterly dividend of 53.5 cents per share
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Allete Inc -:Allete board of directors declares dividend on common stock.Allete Inc - ‍board of directors has declared a quarterly dividend of 53.5 cents per share of common stock​.  Full Article

Minnesota Power to request addition of 250 megawatts of wind power capacity
Wednesday, 7 Jun 2017 

June 7 (Reuters) - Minnesota Power::In an upcoming filing with Minnesota Public Utilities Commission, co will request addition of 250 megawatts of wind power capacity.  Full Article

ALLETE reports 2016 earnings of $3.14 per share
Wednesday, 15 Feb 2017 

ALLETE Inc : Reports 2016 earnings of $3.14 per share . Qtrly operating revenue $341.5 million versus $380.6 million . Qtrly earnings per share $0.89 .Q4 earnings per share view $0.73 -- Thomson Reuters I/B/E/S.  Full Article

Allete says Minnesota Power reaches 5-yr agreement to supply electricity to U.S. Steel through at least Dec. 2021
Tuesday, 11 Oct 2016 

Allete Inc :Allete says Minnesota Power has reached a five-year agreement to supply electricity to U.S. Steel through at least December 2021.  Full Article

Allete reports second quarter revenue of $314.8 million
Wednesday, 3 Aug 2016 

Allete Inc : Allete, inc. Reports second quarter 2016 earnings . Q2 revenue $314.8 million . Q2 earnings per share view $0.51 -- Thomson Reuters I/B/E/S .Q2 earnings per share $0.50.  Full Article

Allete files for potential mixed shelf offering
Monday, 1 Aug 2016 

Allete Inc :Files for potential mixed shelf offering; size not disclosed - SEC filing.  Full Article

Cliffs Natural Resources announces agreements with Minnesota Power
Tuesday, 24 May 2016 

Cliffs Natural Resources Inc : Announces agreements with Minnesota Power . Will receive $31 million dollars in cash as part of long-term purchased power arrangement for its Northshore operation . Has extended regulated power arrangements with Minnesota Power for 10 years at its united taconite and babbitt facilities .Stated that supply agreement will not involve any immediate staff reductions at its silver bay power plant.  Full Article

ALLETE Inc - Norway's $863 billion wealth fund bans 52 coal-linked firms - Reuters News
Thursday, 14 Apr 2016 

ALLETE Inc:Norway's $863 billion sovereign wealth fund, said on Thursday it had sold shares in 52 coal-dependent companies from its portfolio as part of a policy to fight climate change.A Reuters calculation showed the stakes sold were worth at least $1 billion at the end of 2014, before the fund started big divestments from coal.The biggest holdings included a $188 million stake in CLP Holdings.The fund listed U.S. firms American Electric Power Co Inc AEP.N, AES Corp AES.N and Allete Inc ALE.N among the firms, along with China Coal Energy Co Ltd 601898.SS and Coal India COAL.NS, the world's biggest coal miner by output.Global coal producer Peabody Energy Corp BTU.N, which filed for bankruptcy on Wednesday, was also on the list.The fund sent letters to the companies, but only five responded, it said in a statement. The fund declined to give an overall value of its divestments so far.The fund has a range of ethics criteria for excluding firms from its portfolio, including severe environmental damage, nuclear weapons making, tobacco production and certain labour conditions.  Full Article

ALLETE Inc Board of Directors Raises Quarterly Common Stock Dividend
Friday, 22 Jan 2016 

ALLETE Inc:Says board has increased the quarterly dividend on the company's common stock to 52 cents per share, an increase of 3 percent.Regular quarterly dividend is payable March 1 to common shareholders of record at the close of business February 16, 2016.  Full Article

BRIEF-Allete Inc reports Q3 earnings per share of $0.88

* Allete Inc reports third quarter results; reaffirms 2017 earnings guidance