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Allete, Inc. (ALE) [hlAlert]

Rating:
Outperform
ALE
down 2.45 %

Allete, Inc. (ALE) rated Outperform with price target $55 by Williams Capital Group

Posted on: Tuesday,  Apr 16, 2013  9:25 AM ET by Williams Capital Group

Williams Capital Group rated Outperform Allete, Inc. (NYSE: ALE) on 04/16/2013, when the stock price was $48.81. Since
then, Allete, Inc. has lost 2.46% as of 01/25/2016's recent price of $47.61.
If you would have followed this Williams Capital Group's recommendation on ALE, you would have lost 2.45% of your investment in 1014 days.

ALLETE, Inc. (ALLETE) provides energy services in the upper Midwest and has real estate holdings in Florida. It operates in two segments: Regulated Operations, and Investments and Other. Regulated Operations 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 Wisconsin-based regulated utility that owns and maintains electric transmission assets in parts of Wisconsin, Michigan, Minnesota and Illinois. Investments and Other is comprised primarily of BNI Coal, Ltd. (BNI Coal), its coal mining operations in North Dakota, and ALLETE Properties, its Florida real estate business. During the year ended December 31, 2008, the Company?s municipal customers represented 8 % of total regulated utility kilowatt-hour sales. Its municipal customers consist of 16 municipalities in Minnesota and one private utility in Wisconsin.

Williams Capital Group
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/16/2013 9:25 AM Buy
None
48.81 55.00
as of 12/13/2013
1 Week down  -0.93 %
1 Month down  -1.80 %
3 Months up  3.85 %
1 YTD down  -0.63 %

(*) Stock Price at the time of the recommendation.
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