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ALLETE Inc. (ALE) was established more than a century ago, in 1906 in Duluth, Minnesota, just 4 years after and 20 miles away from 3M (MMM), the famous Dow Jones company based on the same mining and industrial complex of Minnesota. Like 3M, ALLETE has paid consecutive dividends for over half a century, since 1948 to be precise. The company has also been listed on the New York Stock Exchange for more than 60 years. In the last decade, ALLETE outperformed both the S&P500 and the S&P Small Cap Index by a sizeable margin.

Currently, there are multiple positive catalysts for the stock. According to my analysis, either the stock price is...

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