(ALE) Allete - Ratings and Ratios

ALLETE, Inc. (NYSE:ALE), a leading energy company, operates through two primary segments: Regulated Operations and ALLETE Clean Energy. The company is committed to generating electricity through a diverse mix of sources, including coal-fired, biomass co-fired/natural gas, hydro, wind, and solar. This strategic approach underscores their dedication to sustainability and energy efficiency.

Headquartered in Duluth, Minnesota, ALLETE serves approximately 150,000 retail customers and 14 non-affiliated municipal customers in northeastern Minnesota. Additionally, they provide essential utility services in northwestern Wisconsin, including electricity, natural gas, and water, to over 15,000 electric customers, 13,000 natural gas customers, and 10,000 water customers. Their extensive network includes owning and maintaining electric transmission assets across Wisconsin, Michigan, Minnesota, and Illinois, totaling 154 substations with a combined capacity of 10,647 megavolt-amperes.

ALLETEs portfolio is enriched with clean and renewable energy projects, including the ownership and operation of approximately 1,600 megawatts of wind energy facilities. Their diversified operations extend to coal mining in North Dakota and real estate investments in Florida, enhancing their market presence and revenue streams. Originally known as Minnesota Power, Inc., the company rebranded as ALLETE, Inc. in 2001, reflecting their expanded scope and commitment to innovation.

3-Month Forecast: Based on the provided data, ALLETEs stock is expected to show moderate growth. The SMA20 at 65.07 and SMA50 at 65.33 suggest a bullish trend, with the stock price currently at 65.19. The low ATR of 0.48 indicates stability and low volatility. Fundamentally, with a forward P/E of 18.21 and a P/B ratio of 1.33, the stock may see upward movement, supported by expected earnings growth and a solid return on equity of 6.3%.