ALLETE, Inc. (NYSE:ALE)
CAPS Rating:
The Company provides fundamental products and services which includes its two core businesses, Energy and Real Estate, as well as former operations in the water, paper, telecommunication and automotive industries.
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This is a solid, well-run company that will outperform the market over the next five years. Currently sporting a dividend yield of 6.9% and a P/E of 9.1, I think the uncertainty in the Florida real estate segment overshadows other core operations. I also like it when insiders like Emery Sidney add to their holdings.