Allete Inc: (NYSE: ALE)

$48.74

-1.03 (-2.07%)

Volume 165,565

Jun 19 04:00 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
		48.61 - 49.82
	
		52wk Low - High
		37.73 - 52.25
	
		Previous Close
		49.77
	
		Avg. Volume
		143,418
	
		Industry
		UTIL-ELEC PWR
	
		Market Cap
		1.99 B
	
		Div - Yield
		1.90 - 3.82
	
		Beta
		0.64
	
		P/E (F1)
		18.07
	
		Current Year Est.
		2.75
	
		Quarterly Earnings ESP 
		NA
	
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
                                                                
                                                            Zacks Recommendations are an excellent predictor of stock price movement over a 6+ month time frame. The recommendations come from the Zacks Equity Research group which combines the Zacks Rank with the insights from their team of over 50 equity analysts. The result is superior long term stock ratings.
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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		Neutral
	
		Zacks Industry Rank Which industries are set to outperform or underperform the market? You'll find the answer here. We have broken down all industries into over 200 classifications. Then ranked these industries using the most powerful indicator we know (the Zacks Rank). The higher the industry rank, the better the industry should perform in the future. Once you have found an attractive industry then check out the Rank in Industry to find the best stocks within the industry.
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                                                                Zacks Industry Rank - All current industry ranks. 

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		80 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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Updated as of 06/7/2013

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                Key Earnings Data
            
                            P/E (F1)
                            18.07
                        
                            PEG Ratio
                            2.78
                        
                            Current Year Est.
                            2.75
                        
                            Current Quarter Estimate
                            0.41
                        
                            Most Accurate Estimate
                            NA
                        
                            Earnings ESP 
                            NA
                        
                            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

 Snapshot on ALE

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            Interactive Java Charting | Fundamental Charts
        
            <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	49.77
COPEL-ADR PR B	ELP	15.54
CPFL ENERGI-ADR	CPL	18.97
ALLIANT ENGY CP	LNT	50.08
BLACK HILLS COR	BKH	49.19
DTE ENERGY CO	DTE	67.59
E.ON AG-ADR	EONGY	17.75
EDP SA-SPON ADR	EDPFY	34.48
EL PASO ELEC CO	EE	36.06
EMPIRE DISTRICT	EDE	22.38

Sector:Utilities>> Industry:UTIL-ELEC PWR

COMPARE TICKER vs. Its Peers

Zacks Commentary

NiSource Services XTO with Big Pine

Jun 19, 2013

CEMIG to Reward Shareholders

Jun 19, 2013

DUK Settles Rate Hike Agreement

Jun 18, 2013

CEMIG Inks Deal with Petrobras

Jun 18, 2013

Hawaiian Electric Stays Neutral

Jun 17, 2013

BIP to Divest Timber Assets

Jun 17, 2013

COPEL Upgraded to Outperform

Jun 14, 2013

FE Steps Up Power Stability Program

Jun 13, 2013

More ALE Zacks Commentary

Financials

EPS TTM	2.75
Sales	961
Net Income	105
Price/Earnings	18.10
Price/Book	1.58
Price/Cash Flow	9.75
Price/Sales	2.02

More ALE Financials

News

Minnesota Power is Moving Forward with Flood Repairs to Strengthen Renewable Resource Asset for the Next Hundred Years - Businesswire

Jun 18, 2013

FE Steps Up Power Stability Program - Zacks.Com

Jun 14, 2013

IDACORP is Among the Companies in the Electric Utilities Industry With the Highest Beta (IDA, ALE, GXP) - Financial News Network Online - News Corner

Jun 13, 2013

Top 4 Small-Cap Stocks In The Diversified Utilities Industry With The Highest EPS Estimates - Benzinga

Jun 11, 2013

Hawaiian Electric Lowers Guidance - Zacks.Com

Jun 6, 2013

NiSource Poised at Neutral - Zacks.Com

Jun 1, 2013

Look Out, Solar Is Moving North - TheMotleyFool

May 30, 2013

Minnesota Power Doubles Renewable Portfolio with Dedication of 101-Turbine Bison Wind Energy Center - Businesswire

May 30, 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	80 out of 265
Rank in Industry	3 out of 78

More ALE Broker Recommendations

Day Low - High	48.61 - 49.82
52wk Low - High	37.73 - 52.25
Previous Close	49.77
Avg. Volume	143,418
Industry	UTIL-ELEC PWR
Market Cap	1.99 B
Div - Yield	1.90 - 3.82
Beta	0.64
P/E (F1)	18.07
Current Year Est.	2.75
Quarterly Earnings ESP	NA

P/E (F1)	18.07
PEG Ratio	2.78
Current Year Est.	2.75
Current Quarter Estimate	0.41
Most Accurate Estimate	NA
Earnings ESP	NA
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)

$48.74

-1.03 (-2.07%)

Volume 165,565

Jun 19 04:00 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