ALLETE (ALE) Analysts See $0.84 EPS; Euronet Worldwide Has 1 Sentiment

Lloyd Doyle
October 13, 2017

Zacks Investment Research upgraded shares of Allete, Inc. Alpine Global Management Llc owns 14,613 shares or 0.03% of their USA portfolio. Whittier Trust stated it has 0% of its portfolio in ALLETE Inc (NYSE:ALE). It also reduced its holding in Fiserv Inc Com (NASDAQ:FISV) by 24,740 shares in the quarter, leaving it with 39,473 shares, and cut its stake in Royal Caribbean Cruises Ltd Sh (NYSE:RCL). As of quarter end Edge Asset Management, Inc had bought 30,448 shares growing its position 4.6%. The Regulated Operations segment includes its regulated utilities, Minnesota Power, and Superior Water, Light and Power Company (SWL&P), as well as its investment in American Transmission Company LLC (ATC), a regulated utility that owns and maintains electric transmission assets in parts of Wisconsin, Michigan, Minnesota and IL. ALLETE Inc had 11 analyst reports since October 15, 2015 according to SRatingsIntel. Advisor Group Inc. now owns 2,164 shares of the utilities provider's stock valued at $140,000 after buying an additional 45 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Allete by 93.8% during the 2nd quarter. Cwm Limited Liability Com invested in 214 shares or 0% of the stock. State Street Corp now owns 1,328,131 shares of the utilities provider's stock valued at $95,203,000 after purchasing an additional 52,526 shares in the last quarter. Advisor Group Inc. increased its stake in Allete by 2.1% in the 2nd quarter. Northern Trust Corp now owns 1,288,830 shares of the utilities provider's stock worth $92,384,000 after buying an additional 62,774 shares during the last quarter. Institutional investors and hedge funds own 70.99% of the company's stock.

A number of research firms have issued reports on ALE. BidaskClub upgraded Allete from a "buy" rating to a "strong-buy" rating in a report on Tuesday, August 22nd. ValuEngine lowered shares of Allete from a buy rating to a hold rating in a research note on Monday, October 2nd. The stock of ALLETE Inc (NYSE:ALE) has "Neutral" rating given on Friday, November 4 by Macquarie Research. JP Morgan maintained ALLETE Inc (NYSE:ALE) on Thursday, October 12 with "Underweight" rating.

Among 5 analysts covering ALLETE Inc (NYSE:ALE), 1 have Buy rating, 1 Sell and 3 Hold. The company has an average rating of "Buy" and a consensus target price of $78.67.


In other Allete news, Director Madeleine W. Ludlow sold 2,500 shares of the company's stock in a transaction that occurred on Tuesday, August 8th. $69.33's average target is -11.74% below currents $78.55 stock price. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

According to Financial Times, The 6 analysts offering 12 month price targets for ALLETE Inc have a median target of 76.50, with a high estimate of 79.00 and a low estimate of 65.00. (NYSE ALE) traded up 0.46% during midday trading on Friday, reaching $79.17. The stock had a trading volume of 33,073 shares. ALE's profit would be $42.44 million giving it 23.50 P/E if the $0.84 EPS is correct. The stock has a 50 day moving average of $77.68 and a 200-day moving average of $73.01. It is down 26.32% since October 13, 2016 and is uptrending. The return on equity ratio or ROE stands at 8.8 percent while most common profitability ratio return on investment (ROI) was 19.5 percent. The firm had revenue of $353.30 million during the quarter, compared to analysts' expectations of $342.50 million. The company's revenue for the quarter was up 12.2% compared to the same quarter past year. For the past 5 years, the company's revenue has grown 7.6%, while the company's earnings per share has grown 3.4%. After having $0.72 EPS previously, ALLETE Inc's analysts see 16.67% EPS growth. "(ALE) Stake Boosted by Westwood Holdings Group Inc." was originally published by TrueBlueTribune and is the sole property of of TrueBlueTribune.

TRADEMARK VIOLATION NOTICE: This article was posted by StockNewsTimes and is the property of of StockNewsTimes. Allete Inc now has $4.03B valuation. The Business's segments include Regulated Operations, ALLETE Clean Energy, Inc.

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