ALLETE Inc (NYSE:ALE) gets downgraded to Underperform by Mizuho with a price target of $79.30

ME Staff
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Analyst Ratings For ALLETE Inc (NYSE:ALE)

Today, ALLETE Inc (NYSE:ALE) stock was downgraded by Mizuho from Neutral to Underperform with a price target of $79.30.

There are 3 Sell Ratings, 2 Hold Ratings, no Strong Buy Ratings, no Buy Ratings on the stock.

The current consensus rating on ALLETE Inc (NYSE:ALE) is Sell with a consensus target price of $72.46 per share, a potential 5.91% downside.

Some recent analyst ratings include

  • 2/11/2019-ALLETE Inc (NYSE:ALE) gets downgraded to Underperform by Mizuho with a price target of $79.30
  • 12/10/2018-ALLETE Inc (NYSE:ALE) gets downgraded to Sell by Williams Capital with a price target of $69.00
  • 7/23/2018-ALLETE Inc (NYSE:ALE) had its Hold rating reiterated by Guggenheim with a $71.00 price target
  • 10/20/2017-ALLETE Inc (NYSE:ALE) gets downgraded to Neutral by LADENBURG THALM/SH SH with a price target of $78.00
  • On 12/12/2018 Alan R. Hodnik, CEO, sold 4,000 with an average share price of $81.05 per share and the total transaction amounting to $324,200.00.
  • On 9/13/2018 Alan R. Hodnik, Chairman, sold 4,000 with an average share price of $75.70 per share and the total transaction amounting to $302,800.00.
  • On 8/27/2018 James J Hoolihan, Director, sold 800 with an average share price of $76.49 per share and the total transaction amounting to $61,192.00.
  • On 7/26/2018 James J. Hoolihan, Director, sold 800 with an average share price of $77.62 per share and the total transaction amounting to $62,096.00.
  • On 6/26/2018 James J. Hoolihan, Director, sold 800 with an average share price of $77.22 per share and the total transaction amounting to $61,776.00.
  • On 5/26/2018 James J Hoolihan, Director, sold 800 with an average share price of $75.85 per share and the total transaction amounting to $60,680.00.
  • On 4/26/2018 James J Hoolihan, Director, sold 800 with an average share price of $75.16 per share and the total transaction amounting to $60,128.00.

About ALLETE Inc (NYSE:ALE)
ALLETE, Inc. operates as an energy company. The company operates through three segments: Regulated Operations, ALLETE Clean Energy, and U.S. Water Services. It generates electricity from coal-fired, natural gas-fired, biomass co-fired, hydroelectric, wind, solar, and other sources. The company provides regulated electric, natural gas, and water services in northwestern Wisconsin to approximately 15,000 electric customers, 13,000 natural gas customers, and 10,000 water customers, as well as regulated utility electric services in northeastern Minnesota to approximately 145,000 retail customers and 16 non-affiliated municipal customers. It also owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illinois. In addition, the company focuses on developing, acquiring, and operating clean and renewable energy projects; and owns and operates approximately 535 megawatt of wind energy generation. Further, it offers integrated water management for industry by combining chemical, equipment, engineering, and service for customized solutions to reduce water and energy usage. Additionally, the company is involved in the coal mining operations in North Dakota; and real estate investment activities in Florida. The company owns and operates 167 substations with a total capacity of 8,540 megavolt amperes. It serves taconite mining, iron concentrate, paper, pulp and wood products, pipeline, and other industries. The company was founded in 1906 and is headquartered in Duluth, Minnesota.

Recent Trading Activity for ALLETE Inc (NYSE:ALE)
Shares of ALLETE Inc closed the previous trading session at 77,01 −2,29 2,89 % with 76.89 shares trading hands.