Back to top
more

Allete (ALE)

(Delayed Data from NYSE)

$59.57 USD

59.57
193,143

-0.39 (-0.65%)

Updated Apr 25, 2024 04:00 PM ET

After-Market: $59.55 -0.02 (-0.03%) 7:58 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

Zacks Premium - The only way to fully access the Zacks Rank

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 35% (87 out of 251)

Industry: Utility - Electric Power

Better trading starts here.

Zacks News

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

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

Reasons to Add CenterPoint (CNP) to Your Portfolio Right Now

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

TransAlta (TAC) Closes Acquisition of TransAlta Renewables

TransAlta's (TAC) acquisition of TransAlta Renewables will enable it to become one of Canada's largest independent power producers with direct ownership in an extensive renewables platform.

Here's Why You Should Add Vistra (VST) to Your Portfolio Now

Vistra (VST) makes a strong case for investment, given its growth prospects, strong return on equity and ability to increase shareholders' value.

Reasons to Add Pampa Energia (PAM) to Your Portfolio Now

Pampa Energia (PAM) makes a strong case for investment, given its earnings growth prospects and strong return on equity.

Ritujay Ghosh headshot

Consumer Confidence Plummets on Recession Fears: 5 Stocks to Buy

Consumer confidence is declining on recession fears. Defensive stocks like ALLETE (ALE), Consolidated Water (CWCO), American Water Works Company (AWK), Kimberly-Clark (KMB) and Colgate-Palmolive (CL) are safe bets.

Reasons to Add Pinnacle West Capital (PNW) to Your Portfolio Now

Pinnacle West Capital (PNW) makes a strong case for investment, given its growth prospects, strong ROE and increase in earnings estimate.

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

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

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

OGE Energy (OGE) makes a strong case for investment, given its earnings growth prospects, strong return on equity and ability to meet debt obligations.

Here's Why You Should Add FirstEnergy (FE) to Your Portfolio Now

FirstEnergy (FE) makes a strong case for investment, given its growth prospects, strong ROE and increase in earnings estimates.

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

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

Aparajita Dutta headshot

5 Low-Leverage Stocks to Buy as U.S. Consumer Price Rises

The crux of safe investment lies in choosing a company that is not burdened with debt, as a debt-free stock is almost impossible to find. You may buy ACA, PHM, KEX, TEX & ALE.

Here's Why You Should Add TransAlta (TAC) to Your Portfolio Now

TransAlta (TAC) makes a strong case for investment, given its growth prospects, strong return on equity and ability to increase shareholders' value.

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

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

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

ALLETE (ALE) makes a strong case for investment, given its positive growth estimates, stable financial position and focus on renewables.

Allete (ALE) Q2 Earnings and Revenues Top Estimates

Allete (ALE) delivered earnings and revenue surprises of 15.38% and 40.91%, respectively, for the quarter ended June 2023. Do the numbers hold clues to what lies ahead for the stock?

Primo Water (PRMW) to Post Q2 Earnings: What's in Store?

Primo Water's (PRMW) second-quarter results are likely to reflect organic growth and high customer retention benefits.

What's in Store for Clearway Energy (CWEN) in Q2 Earnings?

Clearway Energy's (CWEN) second-quarter 2023 revenues are expected to have been negatively impacted by lower production from its wind assets.

NRG Energy (NRG) to Report Q2 Earnings: Here's What to Expect

NRG Energy's (NRG) second-quarter 2023 results are likely to gain from completed acquisition, debt reduction and share repurchases.

Coterra (CTRA) Gears Up for Q2 Earnings: Here's How It Will Fare

Coterra Energy (CTRA) beat the Zacks Consensus Estimate for earnings in each of the last four quarters, resulting in an earnings surprise of 10.5%, on average.

Alliant Energy (LNT) Beats Q2 Earnings Estimates

Alliant Energy (LNT) delivered earnings and revenue surprises of 8.47% and 13.06%, respectively, for the quarter ended June 2023. Do the numbers hold clues to what lies ahead for the stock?

What You Need to Know Ahead of PPL Q2 Earnings

PPL's Q2 2023 results are expected to benefit from ongoing capital investments and operation and maintenance cost savings. However, higher interest expenses might have impacted negatively.

What Will Global Partners' (GLP) Q2 Earnings Unveil?

Higher operating costs are likely to have hurt Global Partners' (GLP) Q2 bottom line. However, an impressive volume profile might have aided the results somewhat.

TransAlta (TAC) to Report Q2 Earnings: Here's What to Expect

TransAlta's (TAC) second-quarter 2023 earnings are expected to have gained from new agreements to deliver clean power. However, higher operation and maintenance costs might have marginally offset positives.

Dominion Energy (D) to Post Q2 Earnings: What's in the Offing?

Dominion Energy's (D) second-quarter earnings are likely to have been impacted by mild weather, the extended outage of Unit 2 and an unplanned outage of Unit 3 of its Millstone Nuclear Power Station.