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Enter Symbol:
Allete, Inc. (ALE) [hlAlert]

down 2.23 %

Allete, Inc. (ALE) rated Buy with price target $55 by Wunderlich

Posted on: Tuesday,  Dec 8, 2015  8:25 AM ET by Wunderlich

Wunderlich rated Buy Allete, Inc. (NYSE: ALE) on 12/08/2015. Previously Wunderlich rated Buy Allete, Inc. (NYSE: ALE) on 12/10/2013., when
the stock price was $48.70. Since then, Allete, Inc. has lost 2.24% as of 01/25/2016's recent price of $47.61.
If you would have followed the previous Wunderlich's recommendation on ALE, you would have lost 2.23% of your investment in 776 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.

Advising private clients is a long-term and relationship-guided process. The Financial Advisors at Wunderlich Securities recognize that serving individuals and families requires an understanding of their individual goals and needs. Our approach involves a cycle of service. Wunderlich's Financial Advisors work with each client to design, implement and monitor a plan that serves the client's needs. We utilize a variety of high-quality investments including stocks, bonds, mutual funds, options and annuities to build diversified and balanced portfolios.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/8/2015 8:25 AM Buy
50.47 55.00
as of 8/27/2015
1 Week down  -7.40 %
1 Month down  -1.65 %
3 Months down  -1.48 %
1 YTD down  -4.55 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/17/2014 8:25 AM Buy
50.94 57.00
12/10/2013 8:25 AM Buy
48.70 54.00

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