|Bid||70.93 x 800|
|Ask||71.10 x 800|
|Day's Range||70.02 - 71.12|
|52 Week Range||48.22 - 72.60|
|Beta (5Y Monthly)||0.46|
|PE Ratio (TTM)||21.18|
|Forward Dividend & Yield||2.52 (3.61%)|
|Ex-Dividend Date||May 13, 2021|
|1y Target Est||N/A|
ALLETE's (ALE) first-quarter earnings miss estimates. However, it registers strong electricity sales volume backed by Other Power supplies load.
Allete (ALE) delivered earnings and revenue surprises of -10.81% and 8.06%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?
Rating Action: Moody's downgrades Superior Water, Light & Power to Baa1; outlook stableGlobal Credit Research - 22 Apr 2021Approximately $12.5 million in debt securities affectedNew York, April 22, 2021 -- Moody's Investors Service, ("Moody's") today downgraded Superior Water, Light and Power Company's (SWL&P) ratings, including its Issuer rating to Baa1 from A3 and its senior secured rating to A2 from A1. The outlook is stable.Downgrades:..Issuer: Superior Water, Light and Power Company....LT Issuer Rating, Downgraded to Baa1 from A3..Issuer: Superior (City of) WI....Senior Secured Revenue Bonds, Downgraded to A2 from A1Outlook Actions:..Issuer: Superior Water, Light and Power Company....Outlook, Remains StableRATINGS RATIONALE"SWL&P's financial profile is being negatively affected by costs associated with the mandated environmental remediation of a former manufacturing gas plant (MGP) site," stated Edna Marinelarena, Moody's analyst.