ALLETE (NYSE:ALE) Earns Daily News Sentiment Score of 0.12

News articles about ALLETE (NYSE:ALE) have been trending somewhat positive this week, Accern Sentiment reports. Accern rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. ALLETE earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news articles about the utilities provider an impact score of 46.1535253976711 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Shares of ALLETE (NYSE:ALE) traded down $0.66 during midday trading on Thursday, hitting $72.72. 279,800 shares of the stock were exchanged, compared to its average volume of 301,014. The company has a current ratio of 1.34, a quick ratio of 0.98 and a debt-to-equity ratio of 0.71. ALLETE has a 1-year low of $62.04 and a 1-year high of $81.24. The stock has a market capitalization of $3,750.00, a P/E ratio of 21.02, a PEG ratio of 2.92 and a beta of 0.47.

Several equities analysts have recently commented on the stock. Zacks Investment Research upgraded shares of ALLETE from a “sell” rating to a “hold” rating and set a $88.00 price objective on the stock in a report on Tuesday, October 10th. JPMorgan Chase & Co. increased their price objective on shares of ALLETE from $66.00 to $73.00 and gave the company an “underweight” rating in a research report on Thursday, October 12th. Ladenburg Thalmann Financial Services downgraded shares of ALLETE from a “buy” rating to a “neutral” rating and set a $78.00 price objective on the stock. in a research report on Friday, October 20th. Williams Capital restated a “hold” rating and issued a $79.00 target price on shares of ALLETE in a report on Thursday, October 12th. Finally, ValuEngine cut shares of ALLETE from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $80.25.

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ALLETE Company Profile

ALLETE, Inc is an energy company. The Company’s segments include Regulated Operations, ALLETE Clean Energy, Inc (ALLETE Clean Energy), U.S. Water Services Holding Company (U.S. Water Services), and Corporate and Other. The Regulated Operations segment includes its regulated utilities, Minnesota Power, and Superior Water, Light and Power Company, and its investment in American Transmission Company LLC.

Insider Buying and Selling by Quarter for ALLETE (NYSE:ALE)

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