|Bid||61.74 x 800|
|Ask||61.78 x 1000|
|Day's Range||60.71 - 62.05|
|52 Week Range||49.29 - 66.93|
|Beta (5Y Monthly)||0.73|
|PE Ratio (TTM)||14.36|
|Earnings Date||Feb 14, 2024 - Feb 19, 2024|
|Forward Dividend & Yield||2.71 (4.46%)|
|Ex-Dividend Date||Nov 14, 2023|
|1y Target Est||58.17|
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(Reuters) -Allete Inc, a U.S. power utility and renewable energy developer that has a market value of about $5.2 billion, including debt, is exploring a sale of the company, people familiar with the matter said on Tuesday. Allete is working with JPMorgan Chase & Co on a sale process that has attracted suitors that include infrastructure funds and buyout firms, the sources said, cautioning that no deal is certain and asking not to be identified because the matter is confidential. Allete and JPMorgan did not immediately respond to requests for comment.
In this article, we will take a look at the 11 most undervalued utility stocks to buy according to hedge funds. To skip our analysis of the recent market trends and activity, you can go directly to see the 5 Most Undervalued Utility Stocks to Buy According to Hedge Funds. The utility sector includes companies […]
Key Insights ALLETE's estimated fair value is US$55.94 based on Dividend Discount Model Current share price of US$55.10...