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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%

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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

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Zacks News

Dominion (D) Lags Q4 Earnings Estimates, Beats Revenues

by Zacks Equity Research

Dominion's (D) fourth-quarter earnings miss the Zacks Consensus Estimate due to lower renewable energy investment tax credits, higher storm restoration cost and higher interest expense.

Brookfield Infrastructure (BIP) Q4 Earnings: What's in Store?

by Zacks Equity Research

Solid organic growth across the business to continue favoring Brookfield Infrastructure (BIP) in Q4 earnings.

4 Utility Stocks Set to Power Your Portfolio in Q4 Earnings

by Zacks Equity Research

Low level of unemployment boosted demand for utility services and in turn profitability in the fourth quarter amid rising interest rates.

The Zacks Analyst Blog Highlights: Goldman, American Water, ALLETE, Spire and Pinnacle West

by Zacks Equity Research

The Zacks Analyst Blog Highlights: Goldman, American Water, ALLETE, Spire and Pinnacle West

CMS Energy (CMS) to Report Q4 Earnings: Is a Beat in Store?

by Zacks Equity Research

Low revenue expectations are likely to hamper CMS Energy's (CMS) bottom-line results in the fourth quarter.

Dominion (D) to Report Q4 Earnings: What's in the Cards?

by Zacks Equity Research

Dominion's (D) Q4 earnings are expected to lag the Zacks Consensus Estimate as higher share count & lower solar tax credits are likely to offset the contribution from Cove Point Liquefaction project.

The Zacks Analyst Blog Highlights: Goldman, American Water, ALLETE, Spire and Pinnacle West

by Zacks Equity Research

The Zacks Analyst Blog Highlights: Goldman, American Water, ALLETE, Spire and Pinnacle West

Nitish Marwah headshot

4 Utilities Stocks to Counter Slowdown & Shutdown Woes

by Nitish Marwah

Utilities are safe bets during times of market turmoil as they are relatively stable because of the unflagging demand for the products they offer.

The Zacks Analyst Blog Highlights: ALLETE, Pinnacle West, CenterPoint, NextEra and American Water

by Zacks Equity Research

The Zacks Analyst Blog Highlights: ALLETE, Pinnacle West, CenterPoint, NextEra and American Water

Swarup Gupta headshot

May Loses Brexit Vote, Shutdown Prevails: 5 Utilities to Pick

by Swarup Gupta

Taken together, these events are obscuring the near-term economic outlook and could lead to a spike in market volatility.

ALLETE (ALE) Arm to Spruce Up 50 MW Wind Facility in Oregon

by Zacks Equity Research

ALLETE's (ALE) unit to refix 50 MW of Condon Wind facility in Oregon and its 385 turbines at the Lake Benton and Storm Lake sites.

ALLETE Unit & Xcel Energy Sign Wind Power Sale Agreement

by Zacks Equity Research

Per the sales agreement, ALLETE (ALE) to supply power to Xcel Energy (XEL) from its Viking wind facilities.

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

by Zacks Equity Research

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

ALLETE (ALE) Q3 Earnings & Revenues Miss Estimates

by Zacks Equity Research

ALLETE's (ALE) Q3 earnings fall shy of estimates. Additionally, the bottom line declines year over year, primarily on soft revenues from industrial electric utility customers.

Allete (ALE) Tops Q3 Earnings Estimates

by Zacks Equity Research

Allete (ALE) delivered earnings and revenue surprises of 9.33% and -4.95%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?

Duke Energy (DUK) to Post Q3 Earnings: What's in Store?

by Zacks Equity Research

Duke Energy (DUK) may experience higher operations and maintenance (O&M) costs led by Hurricane Florence in the third quarter.

Why Allete (ALE) is a Great Dividend Stock Right Now

by Zacks Equity Research

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Allete (ALE) have what it takes? Let's find out.

Can Dominion Energy (D) Deliver a Beat Again in Q3 Earnings?

by Zacks Equity Research

Dominion Energy's (D) Q3 earnings are anticipated to benefit from an increasing customer demand, Cove Point Liquefaction project contribution and lower tax expenses.

    Allete (ALE) Q3 Earnings Preview: What to Know Ahead of the Release

    by Zacks Equity Research

    Allete (ALE) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

    The Zacks Analyst Blog Highlights: Portland General Electric, Ameren, Southwest Gas Holdings, ALLETE and Xcel Energy

    by Zacks Equity Research

    The Zacks Analyst Blog Highlights: Portland General Electric, Ameren, Southwest Gas Holdings, ALLETE and Xcel Energy

    Gourav Kanti Bagchi headshot

    Market Jitters Refuse to Die Down: 5 Utilities Picks

    by Gourav Kanti Bagchi

    Rising bond yields, increasing interest rates and trade war fears make utility stocks a good investment.

    Why Allete (ALE) is a Great Dividend Stock Right Now

    by Zacks Equity Research

    Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Allete (ALE) have what it takes? Let's find out.

    ALLETE (ALE) Misses Q2 Earnings Estimates, Beats Revenues

    by Zacks Equity Research

    ALLETE's (ALE) Q2 earnings are lower than expected due to the impact of increasing expenditure.

      Allete (ALE) Q2 Earnings Lag Estimates

      by Zacks Equity Research

      Allete (ALE) delivered earnings and revenue surprises of -15.28% and 0.26%, respectively, for the quarter ended June 2018. Do the numbers hold clues to what lies ahead for the stock?

        Top Ranked Income Stocks to Buy for June 8th

        by Zacks Equity Research

        Here are four stocks with buy rank and strong income characteristics for investors to consider today, June 8th: