Allete Inc: (NYSE: ALE)

$50.69

-0.26 (-0.51%)

Volume 202,494

May 21 04:01 PM ET

Zacks Rank: 2-Buy

Zacks Rank	Definition	Annualized Return
#1	Strong Buy	26.6%
#2	Buy	18.71%
#3	Hold	10.12%
#4	Sell	4.32%
#5	Strong Sell	2.16%
S&P	500	9.93%

Overview Quote

            Stock Activity
        
		Day Low - High
		50.13 - 51.12
	
		52wk Low - High
		37.73 - 52.25
	
		Previous Close
		50.95
	
		Avg. Volume
		147,039
	
		Industry
		UTIL-ELEC PWR
	
		Market Cap
		2.01 B
	
		Div - Yield
		1.90 - 3.73
	
		Beta
		0.65
	
		PE (Forward)
		18.50
	
		Current Year Est.
		2.75
	
		Quarterly Earnings ESP 
		-4.88%
	
Earnings ESP (Expected Surprise Prediction) is Zacks' proprietary methodology for determining which stocks have the best chance to surprise with their next earnings announcement. The Earnings ESP shows the percentage difference between the Most Accurate Estimate and the Consensus.

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		Zacks Rank  Short-Term: 1-3 Months
                                                                
                                                                Zacks #1 Rank Strong Buys
                                                                
                                                            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
                                                                    
                                                                        #1
                                                                        Strong Buy
                                                                        26.6%
                                                                    
                                                                        #2
                                                                        Buy
                                                                        18.71%
                                                                    
                                                                        #3
                                                                        Hold
                                                                        10.12%
                                                                    
                                                                        #4
                                                                        Sell
                                                                        4.32%
                                                                    
                                                                        #5
                                                                        Strong Sell
                                                                        2.16%
                                                                    
                                                                        S&P
                                                                        500
                                                                        9.93%
                                                                    
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		2
Buy

		Zacks Recommendation  Long-Term: 6+ Months
                                                                
                                                                All Outperform Rated Stocks
                                                                
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The Zacks Recommendations are split into 3 groups: Buy, Hold and Sell. Our Buy recommendations have generated returns of 34.4% in 2006, and 16.69% in 2007. When Zacks Premium members click on the recommendation it will launch them to the Zacks Equity Research report for the stock.    More on these reports below.

                                                                    Difference Between Zacks Rank and Zacks Recommendation

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When Zacks Premium members click on the Zacks Industry Rank link they will see the full listing of industries and their current rankings.

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                                                                Zacks Industry Rank - All current industry ranks. 

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		76 out of 265
	
		Equity Research Report The Zacks Recommendations and Zacks Target Prices are just two of the valuable resources you'll find in the reports created by the Zacks Equity Research group. When Zacks Premium members click on this link they will taken to a page that gives them access to the Zacks Equity Research report for the stock.

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                Key Earnings Data
            
                            PE (Forward)
                            18.50
                        
                            PEG Ratio
                            2.85
                        
                            Current Year Est.
                            2.75
                        
                            Current Quarter Estimate
                            0.41
                        
                            Most Accurate Estimate
                            0.39
                        
                            Earnings ESP 
                            -4.88%
                        
                            Next Earnings Report Date
                            08-08-2013
                        
                            EPS Last Year
                            2.75
                        
                            Expected Earnings Growth
                            6.50%
                        
Earnings ESP (Expected Surprise Prediction) is Zacks' proprietary methodology for determining which stocks have the best chance to surprise with their next earnings announcement. The Earnings ESP shows the percentage difference between the Most Accurate Estimate and the Consensus.

            Company Description
        
ALLETE is a multi-services company. ALLETE's holdings include the one of the largest wholesale automobile auction networks in North America; a provider of independent auto dealer inventory financing; one of the largest investor-owned water utilities in Florida and North Carolina; significant real estate holdings in Florida and a low-cost electric utility that serves some of the largest industrial customers in the United States. (Company Press Release)   
Full ALE Company Report

        
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            <a href="#"><img id="dart_image_1" src="http://b7d61a7c6b8c307bf531-a92a66b9587e2a0aa805bd4e70b98407.r95.cf2.rackcdn.com/images/zacks/logos/zacks_logo_230x76.png" width="336" height="280" border="0" alt="" /></a>        
Turn Earnings Surprises into quick profits.
 
ALE Chart  by YCharts

Earnings Estimates

	Current Qtr (06/2013)	Next Qtr (09/2013)	Current Year (12/2013)	Next Year (12/2014)
Average Estimate	0.41	0.75	2.75	3.07
Number of Estimates	3	3	5	4
Low Estimate	0.39	0.73	2.73	2.98
High Estimate	0.42	0.76	2.78	NA
Year Ago EPS	0.39	0.78	2.58	2.75
EPS Growth	4.27%	-4.27%	6.74%	11.29%

More ALE Estimates

Average Earnings Estimates for ALE

EPS Growth for ALE

Industry Analysis

Name	Symbol	Previous Close
ALLETE INC	ALE	50.95
CPFL ENERGI-ADR	CPL	22.01
ENDESA-CHILE	EOC	48.76
E.ON AG-ADR	EONGY	16.71
EL PASO ELEC CO	EE	37.84
EMPIRE DISTRICT	EDE	22.91
ENTERGY CORP	ETR	70.60
HUANENG POWER	HNP	46.77
IDACORP INC	IDA	49.49
MGE ENERGY INC	MGEE	56.73

Sector:Utilities>> Industry:UTIL-ELEC PWR

COMPARE TICKER vs. Its Peers

Zacks Commentary

NRG Energy Touches 52-Week High

May 21, 2013

CEMIG Earnings above Est. in 1Q13

May 20, 2013

AEP Transmission Line Gets PUCT Nod

May 17, 2013

Copel's 1Q Earnings Beat Est.

May 17, 2013

Consolidated Edison Stays Neutral

May 15, 2013

Southern Co. Arm Adds Capacity

May 15, 2013

NRG Energy Stays Neutral

May 13, 2013

Entergy Corp. Stays Neutral

May 10, 2013

More ALE Zacks Commentary

Financials

EPS TTM	2.75
Sales	961
Net Income	105
Price/Earnings	18.53
Price/Book	1.62
Price/Cash Flow	9.98
Price/Sales	2.04

More ALE Financials

News

Allete Earnings In Retrospect: Down 1.0% in the Last 12 Days (ALE) - Comtex Smartrend(R)

May 20, 2013

ALLETE Financials Beat Expectations - Investrend

May 19, 2013

Earnings Look Back: Allete Is Down 1.0% Since Reporting Quarterly Results 1 Week Ago (ALE) - Financial News Network Online - Earnings Lookback

May 18, 2013

ALLETE CEO Tells Shareholders That Regional Economic Growth Requires an Affordable, Balanced Mix of Power Generation - Businesswire

May 14, 2013

IDACORP Ranks the Highest in Terms of Beta in the Electric Utilities Industry (IDA, ALE, CNL) - Financial News Network Online - News Corner

May 13, 2013

Is ALLETE`s Cash Machine Slowing Down? - TheMotleyFool

May 13, 2013

Shares of Allete Under Pressure, Down 2.1% - Financial News Network Online - Market Movers

May 13, 2013

ALLETE, Inc.Corporate Event Announcement Notice - Wall Street Horizon

May 9, 2013

See All News Stories on ALE

Broker Recommendations

Current ABR	1.17
ABR (Last Week)	1.17
# of recs in ABR	6
Average Target Price	54.33
Industry Rank by ABR	76 out of 265
Rank in Industry	3 out of 78

More ALE Broker Recommendations

Day Low - High	50.13 - 51.12
52wk Low - High	37.73 - 52.25
Previous Close	50.95
Avg. Volume	147,039
Industry	UTIL-ELEC PWR
Market Cap	2.01 B
Div - Yield	1.90 - 3.73
Beta	0.65
PE (Forward)	18.50
Current Year Est.	2.75
Quarterly Earnings ESP	-4.88%

PE (Forward)	18.50
PEG Ratio	2.85
Current Year Est.	2.75
Current Quarter Estimate	0.41
Most Accurate Estimate	0.39
Earnings ESP	-4.88%
Next Earnings Report Date	08-08-2013
EPS Last Year	2.75
Expected Earnings Growth	6.50%

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Allete Inc: (NYSE: ALE)

$50.69

-0.26 (-0.51%)

Volume 202,494

May 21 04:01 PM ET

Stock Activity

Premium research

Zacks Rank Short-Term: 1-3 Months

Zacks Recommendation Long-Term: 6+ Months

Zacks Industry Rank

Equity Research Report

Key Earnings Data

Company Description

Earnings Estimates

Industry Analysis

Sector:Utilities>> Industry:UTIL-ELEC PWR

Zacks Commentary

Financials

News

Broker Recommendations