NYSE: ALE       Allete Inc
Last Price Today's Change   Day's Range   Trading Volume
63.02   +1.12 (1.81%)  62.27 - 63.32  87,862


Avg Volume (4 weeks):319,726
4 Weeks Range:57.86 - 64.91
4 Weeks Price Volatility (%):
52 Weeks Range:56.84 - 73.10
52 Weeks Price Volatility (%):
Average Price Target: 56.00
Price Target Upside/Downside: -7.02


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Business Background

ALLETE Inc is a regulated electric utility company operating primarily in America’s Upper Midwest region. Through its subsidiaries, ALLETE provides regulated electric, natural gas, and water services. The company’s Regulated Operations division, which houses its energy generation, transmission, and distribution activities, is responsible for most of ALLETE’s total revenue by way of electricity sales and transmission service fees. The majority of the energy sold and distributed by ALLETE is produced by its own portfolio of coal-fired, wind, natural gas-fired, biomass, and hydroelectric power plants. Coal fuel sources, specifically, account for most of this. The company’s major customers are industrial entities, such as major iron ore, wood product, and pipeline producers.

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