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Allete (ALE)

(Delayed Data from NYSE)

$64.89 USD

64.89
436,013

+0.54 (0.84%)

Updated Nov 6, 2024 04:00 PM ET

After-Market: $64.92 +0.03 (0.05%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.10%
2Buy17.80%
3Hold9.50%
4Sell2.70%
5Strong Sell2.70%
S&P50011.20%

Zacks Rank Education - Learn about the Zacks Rank

Zacks Rank Home - Zacks Rank resources in one place

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Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

Zacks Style Scores Education - Learn more about the Zacks Style Scores

NA Value NA Growth NA Momentum NA VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

Zacks Rank Education -- Learn more about the Zacks Rank
Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank

Top 38% (96 out of 251)

Industry: Utility - Electric Power

Zacks Premium FeatureView All Zacks #1 Ranked Stocks

Zacks News

Ritujay Ghosh headshot

5 Low-Beta Utility Stocks to Buy Amid Ongoing Market Volatility

by Ritujay Ghosh

Investing in defensive sectors such as ALLETE (ALE), PNM Resources (PNM), Consolidated Water Co (CWCO), California Water Service Group (CWT) and Vistra Corp. (VST) should be safe.

Zacks.com featured highlights Addus HomeCare, Amalgamated Financial, ALLETE, Arcose and Limbach

by Zacks Equity Research

Addus HomeCare, Amalgamated Financial, ALLETE, Arcose and Limbach have been highlighted in this Screen of The Week article.

Aparajita Dutta headshot

5 Low-Leverage Stocks to Buy as Market Woes Compound

by Aparajita Dutta

The crux of safe investment lies in choosing a company that is not burdened with debt. This is because a debt-free stock is almost impossible to find. You can buy ADUS, AMAL, ALE, ACA and LMB.

Here's Why You Should Add ALLETE (ALE) to Your Portfolio Now

by Zacks Equity Research

ALLETE (ALE) makes a strong case for investment, given its earnings growth prospects, strong ROE and ability to increase shareholders' value.

Reasons to Add Avangrid (AGR) to Your Portfolio Right Now

by Zacks Equity Research

Avangrid (AGR) makes a strong case for investment, given its positive growth estimates, stable financial position and focus on a clean energy future.

Reasons to Add MDU Resources (MDU) to Your Portfolio Now

by Zacks Equity Research

MDU Resources (MDU) makes a strong case for investment, given its earnings growth, strong ROE and ability to increase shareholders' value.

Reasons to Add CenterPoint (CNP) to Your Portfolio Right Now

by Zacks Equity Research

CenterPoint (CNP) makes a strong case for investment, given its earnings growth prospects, strong ROE and ability to increase shareholders' value.

TransAlta (TAC) Closes Acquisition of TransAlta Renewables

by Zacks Equity Research

TransAlta's (TAC) acquisition of TransAlta Renewables will enable it to become one of Canada's largest independent power producers with direct ownership in an extensive renewables platform.

Here's Why You Should Add Vistra (VST) to Your Portfolio Now

by Zacks Equity Research

Vistra (VST) makes a strong case for investment, given its growth prospects, strong return on equity and ability to increase shareholders' value.

Reasons to Add Pampa Energia (PAM) to Your Portfolio Now

by Zacks Equity Research

Pampa Energia (PAM) makes a strong case for investment, given its earnings growth prospects and strong return on equity.

Ritujay Ghosh headshot

Consumer Confidence Plummets on Recession Fears: 5 Stocks to Buy

by Ritujay Ghosh

Consumer confidence is declining on recession fears. Defensive stocks like ALLETE (ALE), Consolidated Water (CWCO), American Water Works Company (AWK), Kimberly-Clark (KMB) and Colgate-Palmolive (CL) are safe bets.

Reasons to Add Pinnacle West Capital (PNW) to Your Portfolio Now

by Zacks Equity Research

Pinnacle West Capital (PNW) makes a strong case for investment, given its growth prospects, strong ROE and increase in earnings estimate.

ALE vs. NEE: Which Stock Is the Better Value Option?

by Zacks Equity Research

ALE vs. NEE: Which Stock Is the Better Value Option?

Reasons to Add OGE Energy (OGE) to Your Portfolio Right Now

by Zacks Equity Research

OGE Energy (OGE) makes a strong case for investment, given its earnings growth prospects, strong return on equity and ability to meet debt obligations.

Here's Why You Should Add FirstEnergy (FE) to Your Portfolio Now

by Zacks Equity Research

FirstEnergy (FE) makes a strong case for investment, given its growth prospects, strong ROE and increase in earnings estimates.

4 Reasons to Add Otter Tail (OTTR) to Your Portfolio Now

by Zacks Equity Research

Otter Tail (OTTR), with its steadily increasing earnings estimates and investments, presents a strong case for investment in the utility sector.

Aparajita Dutta headshot

5 Low-Leverage Stocks to Buy as U.S. Consumer Price Rises

by Aparajita Dutta

The crux of safe investment lies in choosing a company that is not burdened with debt, as a debt-free stock is almost impossible to find. You may buy ACA, PHM, KEX, TEX & ALE.

Here's Why You Should Add TransAlta (TAC) to Your Portfolio Now

by Zacks Equity Research

TransAlta (TAC) makes a strong case for investment, given its growth prospects, strong return on equity and ability to increase shareholders' value.

ALE or IBDRY: Which Is the Better Value Stock Right Now?

by Zacks Equity Research

ALE vs. IBDRY: Which Stock Is the Better Value Option?

Here's Why You Should Add ALLETE (ALE) to Your Portfolio Now

by Zacks Equity Research

ALLETE (ALE) makes a strong case for investment, given its positive growth estimates, stable financial position and focus on renewables.

Allete (ALE) Q2 Earnings and Revenues Top Estimates

by Zacks Equity Research

Allete (ALE) delivered earnings and revenue surprises of 15.38% and 40.91%, respectively, for the quarter ended June 2023. Do the numbers hold clues to what lies ahead for the stock?

Primo Water (PRMW) to Post Q2 Earnings: What's in Store?

by Zacks Equity Research

Primo Water's (PRMW) second-quarter results are likely to reflect organic growth and high customer retention benefits.

What's in Store for Clearway Energy (CWEN) in Q2 Earnings?

by Zacks Equity Research

Clearway Energy's (CWEN) second-quarter 2023 revenues are expected to have been negatively impacted by lower production from its wind assets.

NRG Energy (NRG) to Report Q2 Earnings: Here's What to Expect

by Zacks Equity Research

NRG Energy's (NRG) second-quarter 2023 results are likely to gain from completed acquisition, debt reduction and share repurchases.

Coterra (CTRA) Gears Up for Q2 Earnings: Here's How It Will Fare

by Zacks Equity Research

Coterra Energy (CTRA) beat the Zacks Consensus Estimate for earnings in each of the last four quarters, resulting in an earnings surprise of 10.5%, on average.