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Allete (ALE)

(Delayed Data from NYSE)

$64.64 USD

64.64
258,881

-0.25 (-0.39%)

Updated Nov 7, 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%.

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

Top 35% (87 out of 251)

Industry: Utility - Electric Power

Zacks News

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Should Principal U.S. Small Cap Index ETF (PSC) Be on Your Investing Radar?

Style Box ETF report for PSC

    ALLETE (ALE) Q1 Earnings Meet Estimates, Revenues Decline

    Higher total electricity sales and lower expenses benefit ALLETE's (ALE) Q1 earnings.

      New Strong Sell Stocks for March 27th

      Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today:

        ALLETE (ALE) Ups Dividend by 4.7%, Revises Earnings Outlook

        ALLETE's (ALE) strong financial performance has prompted its board of directors to hike dividend rates and improve value of its shareholders.

          Small Cap ETFs in Focus as Domestic Growth Picks Momentum

          U.S. small cap ETFs pick up on rising growth and upbeat economic performance.

            What to Expect From American Water (AWK) in Q3 Earnings?

            American Water Works (AWK) will majorly benefit from new water rates while weather is also expected to play part in its third-quarter earnings.

              Dynegy (DYN) Surges: Stock Moves 17.1% Higher

              Dynegy (DYN) was a big mover last session, as the company saw its shares rise more than 17% on the day amid huge volumes.

                What's in Store for WEC Energy (WEC) This Earnings Season?

                Return to normal weather might impact WEC Energy's (WEC) Q3 earnings, scheduled to be released on Oct 26.

                  PG&E Corporation (PCG) in Focus: Stock Moves 7.5% Higher

                  PG&E Corporation (PCG) was a big mover last session, as the company saw its shares rise more than 7% on the day amid huge volumes.

                    ALLETE's Unit Buys Tonka Water, Expects Strategic Benefits

                    ALLETE Inc.'s (ALE) unit U.S. Water Service further expanded its water operation through acquisition of Tonka Water.

                      Here's Why Small Cap ETFs Are Underperforming

                      U.S. small cap ETFs suffer on account of growing uncertainty around Trump's pro-growth policies.

                        U.S. Small Business Confidence Up in July: ETFs in Focus

                        U.S. small business activity improves in July; beats estimates.

                          Brookfield Infrastructure (BIP) Q2 Earnings: What's in Store?

                          Brookfield Infrastructure (BIP) is expected to gain from the acquisition of an interest in NTS and the existing backlog when it releases second-quarter 2017 results.

                            What's in the Cards for Alliant Energy (LNT) in Q2 Earnings?

                            Rising electric production fuel and purchased power cost are expected to affect Alliant Energy's (LNT) second-quarter 2017 results.

                              Can NRG Energy (NRG) Spring a Surprise this Earnings Season?

                              Despite higher debts, NRG Energy (NRG) will benefit from customer growth and improving conditions in its service territories when it releases second-quarter 2017 results.

                                Can PPL Corp (PPL) Pull a Surprise This Earnings Season?

                                Rising interest rate in country could affect PPL Corp's earnings when it reports its second-quarter 2017 results.

                                  Can American Water (AWK) Pull Off a Surprise in Q2 Earnings?

                                  American Water Works (AWK) might benefit from the acquisitions and organic initiatives when it reports second-quarter results on Aug 2.

                                    Is a Beat in Store for ALLETE (ALE) This Earnings Season?

                                    ALLETE (ALE) is expected to surpass estimates in the second quarter as a result of growth in demand, thanks to improving economic condition in its service territory.

                                      Is a Beat in Store for NiSource (NI) This Earnings Season?

                                      NiSource (NI) is expected to surpass estimates in the second quarter as a result of rate hikes and improving economic condition in its service territory.

                                        WEC Energy (WEC) Beats Earnings & Revenue Estimates in 2Q

                                        WEC Energy Group (WEC) reported Q2 earnings of 63 cents per share, beating the Zacks Consensus Estimate by 6.8%. Revenues surpassed estimates as well.

                                          Allete's Unit Signs 250MW Wind Power Purchase Agreement

                                          Allete, Inc.'s (ALE) division, Minnesota Power has inked an agreement with Nobles 2 Power Partners to purchase 250 megawatts (MW) of renewable power.

                                            Allete Hits 52-Week High on Returns from Steady Investment

                                            Share price of Allete, Inc. (ALE) hit a new 52-week high of $73.52, eventually closing a tad lower at $73.15 on May 26.

                                              ALLETE (ALE) Surpasses Q1 Earnings and Revenue Estimates

                                              ALLETE, Inc. (ALE) reported first-quarter 2017 adjusted earnings of 97 cents per share, surpassing the Zacks Consensus Estimate of 95 cents by 2.1%.

                                                Allete (ALE) to Report Q1 Earnings: Will the Stock Surprise?

                                                Allete, Inc. (ALE) is scheduled to report first-quarter 2017 results before the opening bell on May 4.

                                                  ALLETE Arm to Expand Thunder Spirit, Adds Green Energy

                                                  ALLETE, Inc. (ALE) announced its unit, has entered into an agreement with Montana-Dakota Utilities, to expand the generation capacity of the Thunder Spirit wind farm.