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Allete (ALE)

(Real Time Quote from BATS)

$59.67 USD

59.67
101,674

-0.13 (-0.22%)

Updated Apr 24, 2024 03:48 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 Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

Zacks Rank Education - Learn about the Zacks Rank

Zacks Rank Home - Zacks Rank resources in one place

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4-Sell of 5       4  

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.

Zacks Style Scores Education - Learn more about the Zacks Style Scores

B Value C Growth B Momentum B 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 33% (83 out of 252)

Industry: Utility - Electric Power

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Better trading starts here.

Zacks News

New Strong Sell Stocks for April 17th

by Zacks Equity Research

ASO, ALE and AMR have been added to the Zacks Rank #5 (Strong Sell) List on April 17, 2023.

Ameren's (AEE) Missouri Arm Gets Nod for 400MW Solar Project

by Zacks Equity Research

Ameren (AEE), with the recent approval for its largest-ever solar investment, will provide its customers with reliable, resilient and affordable solar energy.

Allete (ALE) Misses Q4 Earnings and Revenue Estimates

by Zacks Equity Research

Allete (ALE) delivered earnings and revenue surprises of -4.30% and 9.25%, respectively, for the quarter ended December 2023. Do the numbers hold clues to what lies ahead for the stock?

Reasons to Add National Grid (NGG) to Your Portfolio Now

by Zacks Equity Research

National Grid (NGG), with its regular dividend payment and rising earnings estimates, makes a strong case for investment in the utility space.

Aparajita Dutta headshot

5 Low-Leverage Stocks to Buy on Rate Cut Expectations

by Aparajita Dutta

The crux of safe investment lies in choosing a company that is not burdened with debt. This is because a debt-free stock is almost impossible to find. You can consider stocks like VIRC, PLAB, ALE, TNK and ATO.

Reasons to Add Otter Tail (OTTR) to Your Portfolio Right Now

by Zacks Equity Research

Otter Tail (OTTR), with its steadily increasing earnings estimates and investments, presents a strong case for investment in the utility sector.

4 Reasons to Add Unitil (UTL) to Your Portfolio Right Now

by Zacks Equity Research

Unitil (UTL), with its regular dividend payment and rising earnings estimates, makes a strong case for investment in the utility space.

Reasons to Add Vistra (VST) to Your Portfolio Right Now

by Zacks Equity Research

Vistra (VST) is making investments to strengthen its existing operations, increase shareholder value through buybacks and dividends, and continue to serve its customers efficiently.

Reasons to Add Alliant Energy (LNT) to Your Portfolio Now

by Zacks Equity Research

Alliant Energy (LNT) continues to serve its customers efficiently and is making significant investments to strengthen its existing operations further.

Reasons to Add ALLETE (ALE) to Your Portfolio Right Now

by Zacks Equity Research

ALLETE Inc.'s (ALE) rising earnings estimates, regular dividend payments and a solid investment plan, makes it a strong choice for investment in the utility space.

Should Value Investors Buy Allete (ALE) Stock?

by Zacks Equity Research

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Reasons to Add OGE Energy (OGE) to Your Portfolio Right Now

by Zacks Equity Research

OGE Energy (OGE) makes a strong case for investment, given its positive growth estimates, strong financial position and systematic investments.

Allete (ALE) Moves to Buy: Rationale Behind the Upgrade

by Zacks Equity Research

Allete (ALE) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

ALE vs. PNW: Which Stock Is the Better Value Option?

by Zacks Equity Research

ALE vs. PNW: Which Stock Is the Better Value Option?

Zacks.com featured highlights Textron, Patterson-UTI Energy, ALLETE, Teekay Tankers and Acadia Healthcare

by Zacks Equity Research

Textron, Patterson-UTI Energy, ALLETE, Teekay Tankers and Acadia Healthcare have been highlighted in this Screen of The Week article.

Aparajita Dutta headshot

5 Low-Leverage Stocks to Buy as Inflation Fear Eases

by Aparajita Dutta

The crux of safe investment lies in choosing a company that is not burdened with debt as debt-free stock is almost impossible to find. You may buy TXT, PTEN, ALE, TNK and ACHC.

NiSource (NI) Q3 Earnings Beat Estimates, Revenues Fall Y/Y

by Zacks Equity Research

NiSource's (NI) Q3 earnings beat estimates. The company benefits from systematic capital investments and lower O&M expenses.

ALE or PNW: Which Is the Better Value Stock Right Now?

by Zacks Equity Research

ALE vs. PNW: Which Stock Is the Better Value Option?

Reasons to Bet on Public Service Enterprise (PEG) Stock

by Zacks Equity Research

Public Service Enterprise Group Inc. (PEG) makes a strong case for investment, given its positive growth estimates, stable financial position and consistent investments in infrastructure.

Reasons to Add PNM Resources (PNM) to Your Portfolio Now

by Zacks Equity Research

PNM Resources (PNM) makes a strong case for investment, given its positive growth estimates, strong ROE and systematic investments.

Ritujay Ghosh headshot

5 Low-Beta Utility Stocks to Buy Amid Ongoing Market Volatility

by Ritujay Ghosh

Investing in defensive sectors such as ALLETE (ALE), PNM Resources (PNM), Consolidated Water Co (CWCO), California Water Service Group (CWT) and Vistra Corp. (VST) should be safe.

Zacks.com featured highlights Addus HomeCare, Amalgamated Financial, ALLETE, Arcose and Limbach

by Zacks Equity Research

Addus HomeCare, Amalgamated Financial, ALLETE, Arcose and Limbach have been highlighted in this Screen of The Week article.

Aparajita Dutta headshot

5 Low-Leverage Stocks to Buy as Market Woes Compound

by Aparajita Dutta

The crux of safe investment lies in choosing a company that is not burdened with debt. This is because a debt-free stock is almost impossible to find. You can buy ADUS, AMAL, ALE, ACA and LMB.

Here's Why You Should Add ALLETE (ALE) to Your Portfolio Now

by Zacks Equity Research

ALLETE (ALE) makes a strong case for investment, given its earnings growth prospects, strong ROE and ability to increase shareholders' value.

Reasons to Add Avangrid (AGR) to Your Portfolio Right Now

by Zacks Equity Research

Avangrid (AGR) makes a strong case for investment, given its positive growth estimates, stable financial position and focus on a clean energy future.