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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

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%

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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.

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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%.

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

Top 36% (91 out of 251)

Industry: Utility - Electric Power

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Zacks News

Alliant Energy (LNT) Beats Q2 Earnings Estimates

by Zacks Equity Research

Alliant Energy (LNT) delivered earnings and revenue surprises of 8.47% and 13.06%, respectively, for the quarter ended June 2023. Do the numbers hold clues to what lies ahead for the stock?

What You Need to Know Ahead of PPL Q2 Earnings

by Zacks Equity Research

PPL's Q2 2023 results are expected to benefit from ongoing capital investments and operation and maintenance cost savings. However, higher interest expenses might have impacted negatively.

What Will Global Partners' (GLP) Q2 Earnings Unveil?

by Zacks Equity Research

Higher operating costs are likely to have hurt Global Partners' (GLP) Q2 bottom line. However, an impressive volume profile might have aided the results somewhat.

TransAlta (TAC) to Report Q2 Earnings: Here's What to Expect

by Zacks Equity Research

TransAlta's (TAC) second-quarter 2023 earnings are expected to have gained from new agreements to deliver clean power. However, higher operation and maintenance costs might have marginally offset positives.

Dominion Energy (D) to Post Q2 Earnings: What's in the Offing?

by Zacks Equity Research

Dominion Energy's (D) second-quarter earnings are likely to have been impacted by mild weather, the extended outage of Unit 2 and an unplanned outage of Unit 3 of its Millstone Nuclear Power Station.

Can Cheniere Energy (LNG) Maintain Its Earnings Beat Run in Q2?

by Zacks Equity Research

Cheniere Energy (LNG) beat the Zacks Consensus Estimate for earnings in each of the last four quarters, resulting in an earnings surprise of 70.9%, on average.

Entergy (ETR) Surpasses Q2 Earnings Estimates

by Zacks Equity Research

Entergy (ETR) delivered earnings and revenue surprises of 8.88% and 12.65%, respectively, for the quarter ended June 2023. Do the numbers hold clues to what lies ahead for the stock?

Evergy (EVRG) to Report Q2 Earnings: Here's What to Expect

by Zacks Equity Research

Evergy's (EVRG) second-quarter 2023 results are expected to benefit from higher transmission earnings and cost saving initiatives. However, higher interest expenses might have a negative impact.

Duke Energy (DUK) to Post Q2 Earnings: What's in Store?

by Zacks Equity Research

Duke Energy's (DUK) Q2 results are likely to reflect a moderate weather impact on its earnings.

Southern Company (SO) Q2 Earnings on Deck: What to Expect

by Zacks Equity Research

While new customer additions are likely to have boosted Southern Company's (SO) profit levels in the second quarter, lower fuel and retail electric sales might have offset those gains.

Alliant Energy (LNT) to Report Q2 Earnings: What's in Store?

by Zacks Equity Research

Alliant Energy's (LNT) second-quarter earnings are likely to have benefited from systematic capital investments and lower O&M expenses.

What's in the Cards for Sempra (SRE) This Earnings Season?

by Zacks Equity Research

Sempra's (SRE) Q2 results are likely to reflect the benefits of growing transmission interconnection requests and favorable weather patterns.

What's in Store for Pinnacle West Capital (PNW) in Q2 Earnings?

by Zacks Equity Research

Pinnacle West Capital's (PNW) second-quarter 2023 results are expected to benefit from expanding customer base. However, a rise in operations and maintenance costs might have had a negative impact.

AES to Announce Q2 Earnings: Here's What You Need to Know

by Zacks Equity Research

AES' Q2 results are likely to reflect the impact of adverse weather events as well as higher interest expense.

Consolidated Edison (ED) to Post Q2 Earnings: What's in Store?

by Zacks Equity Research

Consolidated Edison's (ED) second-quarter results are likely to reflect warmer-than-normal weather pattern benefits amid higher interest expenses and revenue tax impacts.

NiSource (NI) to Report Q2 Earnings: What's in the Cards?

by Zacks Equity Research

NiSource's (NI) second-quarter revenues are likely to have benefited from new rates and efficient capital programs.

Exelon (EXC) to Report Q2 Earnings: Here's What to Expect

by Zacks Equity Research

Exelon's (EXC) second-quarter 2023 results are expected to benefit from new electric and gas rates implemented during the last quarter, and lower operating and maintenance expenses.

CMS Energy (CMS) Beats Q2 Earnings Estimates

by Zacks Equity Research

CMS Energy (CMS) delivered earnings and revenue surprises of 8.70% and 22.71%, respectively, for the quarter ended June 2023. Do the numbers hold clues to what lies ahead for the stock?

ALLETE's (ALE) Arm Minnesota Power Plans HVDC Upgrades

by Zacks Equity Research

ALLETE's (ALE) subsidiary, Minnesota Power, advances the high-voltage direct-current transmission system project to strengthen grid reliability and resiliency in Upper Midwest.

Allete (ALE) Q1 Earnings Lag Estimates

by Zacks Equity Research

Allete (ALE) delivered earnings and revenue surprises of -14.29% and 50.39%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?

FirstEnergy (FE) Q1 Earnings Miss Estimates

by Zacks Equity Research

FirstEnergy (FE) delivered earnings and revenue surprises of -1.64% and 1.81%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?

Implied Volatility Surging for ALLETE (ALE) Stock Options

by Zacks Equity Research

Investors need to pay close attention to ALLETE (ALE) stock based on the movements in the options market lately.

Allete (ALE) Q4 Earnings Lag Estimates

by Zacks Equity Research

Allete (ALE) delivered earnings and revenue surprises of -18.92% and 4.79%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Ethan Feller headshot

3 Utility Stocks to Buy for a Hedge Against Inflation

by Ethan Feller

The CPI component with the second highest YoY inflation was Utilities, at a whopping 26.7%

Aparajita Dutta headshot

Utilities to Watch for Q4 Earnings on Feb 16: ETR, ED & More

by Aparajita Dutta

Total Q4 earnings of Utility stocks are expected to improve 2.8% year over year, while revenues are likely to slip 0.7%.