Zacks Investment Research upgraded ALLETE Inc (NYSE:ALE) to Hold in a report released today.
- Updated: September 19, 2016
Zacks Investment Research has upgraded ALLETE Inc(NYSE:ALE) to Hold in a statement released on Monday September 19 2016.
Just yesterday ALLETE Inc (NYSE:ALE) traded 0.38% higher at $60.74. ALLETE Inc’s 50-day average is $60.61 and its 200-day moving average is $59.17. With the last close up 2.65% from the two hundred day moving average, compared to the Standard & Poor’s 500 Index which has decreased -0.01% over the date range. 166,650 shares of ALE were exchanged, down from ann average trading volume of 207,475.
Recent Performance Chart:
With a total market value of $0.0, ALLETE Inc has a one-year low of $47.91 and a 52 week high of $65.41 with a price-earnings ratio of 20.
Also covering ALLETE Inc’s stock price target, a total of 6 brokerages have issued a report on the stock. The consensus target price is $57.17 with two firms rating the company a strong buy, two firms rating the stock a buy, two analyts rating the stock a hold, one analyst rating the stock to underperform, and finally 0 firmsrating the company as sell.
Brief Synopsis 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 and midstream oil and gas industries.
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