This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

6 Utility Stocks to Light Up a Portfolio

3. ALLETE (ALE - Get Report) is an energy company operating in two business segments: regulated operations, investments and other. Regulated operations include utilities Minnesota Power and Superior Water, Light and Power Company and American Transmission Company. The investment and other businesses include BNI Coal, mining operations in North Dakota ALLETE Properties and Florida real estate investment.

Of the six analysts covering the stock, three rate it a buy. The stock's average 12-month price target is $44.50, which is 12.7% higher than the current price, as per a Bloomberg consensus.

For the third quarter, the company recorded net income of $20.5 million, or 57 cents per share, on revenue of $226.9 million, compared to $19.6 million, or 56 cents per share, on revenue of $224.1 million in the same quarter prior year. During the quarter, dividend per share increased to 44.5 cents per share from 44 cents per share recorded in the year-ago quarter.

During the quarter, total kilowatt hours sold to retail and municipal services increased to 2,742 million, vs. 2,688 million in the year-earlier quarter.

The company plans to achieve a target of average annual earnings per share growth of 5% every year while maintaining a competitive dividend, the company's CEO has said.
5 of 7

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
NVE $0.00 0.00%
ALE $53.32 -0.24%
CNL $53.33 0.32%
ELP $5.93 -2.60%
FE $33.15 -1.60%


Chart of I:DJI
DOW 15,867.07 -337.90 -2.09%
S&P 500 1,849.67 -30.38 -1.62%
NASDAQ 4,284.3590 -78.7850 -1.81%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs