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Blue Chip Growth

Stock Report: "ALLETE, Inc." (ALE) Report Updated: Sep 29, 2014 | Print This Page

Get more stock ratings by Louis Navellier

"ALLETE, Inc." (ALE)

Rating: Sell Volatility: Conservative
Total Grade: D Industry: Electric Utilities
Competitors: POM, ETR, EIX, KEP

Stock Analysis

Rating: Monthly View

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Rating: Weekly View

This Week: D down no change
Last Week: D same no change
Two Weeks Ago: D up downgrade
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"ALLETE, Inc."© quotemedia

Company Profile

ALLETE, Inc., together with its subsidiaries, primarily engages in the generation, transmission, and distribution of coal-fired, hydro, wind, and biomass co-fired power in the United States. The company operates in two segments, Regulated Operations, and Investments and Other. The Regulated Operations segment engages in the retail and wholesale of regulated electric, natural gas, and water services. This segment provides regulated utility electric services to approximately 144,000 residential and commercial customers and 16 non-affiliated municipalities in northeastern Minnesota; and 15,000 electric customers, 12,000 natural gas customers, and 10,000 water customers in northwestern Wisconsin. The Investments and Other segment is involved in the coal mining operations in North Dakota; and real estate investment in Florida. This segment also engages in the non-rate base generation; and holds approximately 5,500 acres of land in Minnesota. The company’s developmental projects primarily include Town Center and Palm Coast Park located in Florida, as well as Ormond Crossings, which is in the planning stage located in the city of Ormond Beach. It owns and operates approximately 164 substations with a capacity of 11,132 megavolt amperes. The company primarily serves taconite, paper, pulp and wood products, and pipeline industries. ALLETE, Inc. was founded in 1906 and is headquartered in Duluth, Minnesota.

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