Allete (ALE) delivered earnings and revenue surprises of -18.92% and 4.79%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
ALLETE, Inc. (NYSE: ALE) today reported 2022 earnings of $3.38 per share on net income of $189.3 million and operating revenue of $1.6 billion. Reported results from 2021 were $3.23 per share on net income...
The CPI component with the second highest YoY inflation was Utilities, at a whopping 26.7%
Total Q4 earnings of Utility stocks are expected to improve 2.8% year over year, while revenues are likely to slip 0.7%.
ALLETE, Inc. (NYSE:ALE) today announced that its Board of Directors has increased the quarterly dividend on the company’s common stock to $0.6775 per share, a 4.2% percent increase.
ALE vs. WEC: Which Stock Is the Better Value Option?
The heavy selling pressure might have exhausted for Allete (ALE) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising...
ALLETE, Inc. (NYSE:ALE) and Grid United today announced their intent to jointly develop the North Plains Connector, a new, approximately 385-mile high-voltage direct-current (HVDC) transmission line from...
The Minnesota Public Utilities Commission (MPUC) on Monday approved a rate increase of approximately $59 million, or approximately 9%, that Minnesota Power, a utility division of ALLETE Inc. (NYSE: ALE),...
