5. ALLETE (ALE - Get Report), an energy company, operates in two business segments: Regulated Operations, and Investments and Other. Its regulated operations consist of regulated utilities and an investment in American Transmission Company, while Investments and Other consists of coal mining operations and real estate investment.
The company is likely to report a net income of $15.87 million or 47 cents per share during the second quarter of 2010, as per analysts polled by Bloomberg. For the quarter, Allete is likely to report sales of $222 million, compared to $211 million recorded in the year-ago quarter. EBITDA for the quarter is seen rising by 5% to $54.5 million.
With a dividend yield of 4.5%, the company recently announced a quarterly dividend of 44.5 cents per share on its common stock payable on September 1, 2011. For the previous quarter, AEL paid a dividend of 44 cents.Of the five analysts covering the stock, three recommend a buy and the rest rate a hold. Analysts polled by Bloomberg foresee the stock gaining an average 8.2% to $44.33 in the upcoming 12 months.