ALLETE Inc. (NYSE: ALE) has reported E.P.S. of $0.57 for its second fiscal quarter (ending June 30) versus $0.90 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $3.84 compared to $3.40 a year ago.
Recent Price Action
ALLETE Inc. (NYSE: ALE) stock closed at $64.05 on 8/1/24 after a slight decline of -0.7%. NORMAL trading volume accompanied the decline. The stock has declined -0.6% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, ALE is expected to continue to be a modest Value Builder.
ALLETE has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. ALLETE has a slightly positive Power Rating of 60 and a slightly positive Appreciation Score of 69, triggering the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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