Allete Inc is a diversified utility company that primarily focuses on providing essential energy services in the Midwest and Southeastern United States
It operates through several subsidiaries that engage in electric transmission, distribution, and generation, as well as renewable energy projects, including wind and solar power. Allete is committed to sustainable practices and aims to reduce carbon emissions while ensuring reliable energy delivery to its customers. In addition to its utility operations, the company also has interests in real estate and energy-related infrastructure, contributing to its overall mission of supporting economic growth and environmental stewardship in the communities it serves.
Investing in AI by proxy but also shielding from inflation and recession. As the cherry on top, utility stocks can be stable income streams via dividends.
As of Dec. 12, 2023, five stocks in the utilities sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
Companies Reporting Before The Bell • RELX (NYSERELX) is estimated to report earnings for its Fiscal Year 2022. • Coca-Cola Europacific NASDAQ:CCEPNASDAQCCEP)
Stephens & Co. boosted the price target for Installed Building Products, Inc. (NYSEIBP) from $132 to $140. Stephens & Co. analyst Trey Grooms maintained an Equal-Weight rating. Installed Building Products shares rose 0.2% to close at $133.02 on Monday.
U.S. stocks traded lower this morning, with the Dow Jones dropping over 100 points on Thursday. Following the market opening Thursday, the Dow traded down 0.38% to 33,356.06 while the NASDAQ fell 0.75% to 11,906.87. The S&P 500, also fell, dropping, 0.48% to 4,070.56.
