ALLETE (NYSE:ALE) is scheduled to be announcing its earnings results before the market opens on Tuesday, February 13th. Analysts expect the company to announce earnings of $0.87 per share for the quarter.

Shares of ALLETE (ALE) opened at $69.89 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.98 and a current ratio of 1.34. ALLETE has a 1 year low of $64.56 and a 1 year high of $81.24. The stock has a market cap of $3,499.28, a PE ratio of 20.20, a price-to-earnings-growth ratio of 2.69 and a beta of 0.33.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th will be given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 3.21%. This is a positive change from ALLETE’s previous quarterly dividend of $0.54. The ex-dividend date is Wednesday, February 14th. ALLETE’s dividend payout ratio is presently 61.85%.

ALE has been the subject of several recent analyst reports. Williams Capital raised shares of ALLETE from a “hold” rating to a “buy” rating and set a $76.00 price objective for the company in a research note on Friday, February 2nd. Ladenburg Thalmann Financial Services downgraded shares of ALLETE from a “buy” rating to a “neutral” rating and set a $78.00 price objective for the company. in a research note on Friday, October 20th. JPMorgan Chase & Co. upped their price objective on shares of ALLETE from $73.00 to $76.00 and gave the company an “underweight” rating in a research note on Wednesday, November 15th. Finally, Zacks Investment Research downgraded shares of ALLETE from a “hold” rating to a “sell” rating in a research note on Friday, November 17th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. ALLETE has a consensus rating of “Hold” and an average target price of $78.75.

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ALLETE, Inc is an energy company. The Company’s segments include Regulated Operations, ALLETE Clean Energy, Inc (ALLETE Clean Energy), U.S. Water Services Holding Company (U.S. Water Services), and Corporate and Other. The Regulated Operations segment includes its regulated utilities, Minnesota Power, and Superior Water, Light and Power Company, and its investment in American Transmission Company LLC.

Earnings History for ALLETE (NYSE:ALE)

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