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The following ratings changes were generated on April 25.
(ALE - Get Report)
, which generates and transmits electrical power, has been upgraded to buy. For the fourth quarter, revenue rose 7.7% year over year to $212.3 million, while earnings per share fell to 77 cents from 82 cents. Net income has decreased by 1.8% to $22.20 million in the same period. The company's debt-to-equity ratio of 0.57 is low, but its quick ratio of 0.80 is somewhat weak and could be cause for future problems. Return on equity has improved slightly from the year-ago quarter to 11.8%. This can be construed as a modest strength in the organization. Allete had been rated hold since Jan. 31.