Zacks Investment Research upgraded ALLETE Inc (NYSE:ALE) to Hold in a report released today.
- Updated: November 29, 2016
Yesterday ALLETE Inc (NYSE:ALE) traded -0.39% lower at $63.75. The company’s 50-day moving average is $59.88 and its 200-day moving average is $60.50. The last closing price is up 5.37% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 235,107 shares of the stock were exchanged, up from an average trading volume of 219,338
Zacks Investment Research has upgraded ALLETE Inc (NYSE:ALE) to Hold in a report released on 11/29/2016.
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ALLETE Inc has a 52 week low of $47.93 and a 52 week high of $65.41 with a P/E ratio of 24.29 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 6 brokers have issued a report on the stock. The consensus target price is $57.17 with 2 brokers rating the stock a strong buy, 2 brokers rating the stock a buy, 2 brokers rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 firms rating the stock a sell.
About ALLETE Inc (NYSE:ALE)
ALLETE, Inc. is an energy company. The Company operates through three segments. The Regulated Operations segment includes its regulated utilities, Minnesota Power and Superior Water, Light and Power Company (SWL&P), as well as its investment in American Transmission Company LLC (ATC), a regulated utility that owns and maintains electric transmission assets. Its regulated utility operations include retail and wholesale activities. The ALLETE Clean Energy segment focuses on developing, acquiring and operating clean and renewable energy projects. The ALLETE Clean Energy segment owns and operates in approximately four states with over 530 megawatt (MW) nameplate capacity wind energy generation. Its U.S. Water Services segment provides integrated water management for industry by combining chemical, equipment, engineering and service for customized solutions. Its U.S. Water Services segment serves the food and beverage, industrial, power generation, and midstream oil and gas industries.
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