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Allete, Inc. (ALE)

(Delayed Data from NYSE)

$56.60 USD

56.60
522,629

-0.22 (-0.39%)

Updated Apr 2, 2020 03:59 PM ET

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3-Hold     3    

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1
2
3
4
5
S&P
Strong Buy
Buy
Hold
Sell
Strong Sell
500
24.13%
17.51%
9.18%
4.92%
1.66%
10.45%

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C Value | F Growth | A Momentum | D VGM

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

Zacks Style Scores Education - Learn more about the Zacks Style Scores

View All Zacks #1 Ranked Stocks

Trades from $1

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

Learn more about Zacks Equity Research reports

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The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

Zacks Rank Education -- Learn more about the Zacks Rank
Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank

Balance Sheet

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

Zacks Style Scores Education - Learn more about the Zacks Style Scores

Research for ALE

 

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

Learn more about Zacks Equity Research reports

See more Zacks Equity Research reports

Fiscal Year End for Allete, Inc. falls in the month of December.

All items in Millions except Per Share data.

12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Assets          
Cash & Equivalents 69 69 99 28 97
Receivables 96 144 135 123 121
Notes Receivable 0 0 0 0 0
Inventories 73 87 96 104 117
Other Current Assets 31 34 38 40 36
Total Current Assets 270 334 368 295 371
Net Property & Equipment 4,377 3,904 3,822 3,741 3,669
Investments & Advances 198 210 172 191 199
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 0 0 0 0 0
Intangibles 1 223 226 213 215
Deposits & Other Assets 638 493 492 466 453
Total Assets 5,483 5,165 5,080 4,906 4,907
Liabilities & Shareholders Equity 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Notes Payable 0 0 0 0 2
Accounts Payable 165 150 136 74 89
Current Portion Long-Term Debt 213 58 64 188 36
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 18 18 18 18 19
Income Taxes Payable 51 51 50 47 44
Other Current Liabilities 60 129 83 74 86
Total Current Liabilities 507 405 351 400 275
Mortgages 0 0 0 0 0
Deferred Taxes/Income 213 224 231 584 580
Convertible Debt 0 0 0 0 0
Long-Term Debt 1,401 1,429 1,439 1,370 1,569
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 1,026 952 991 659 661
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 3,147 3,009 3,012 3,013 3,085
Shareholders Equity 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Preferred Stock 0 0 0 0 0
Common Stock (Par) 1,437 1,429 1,401 1,295 1,271
Capital Surplus 0 0 0 0 0
Retained Earnings 819 755 689 626 573
Other Equity 80 -27 -23 -28 -22
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 2,336 2,156 2,068 1,893 1,822
Total Liabilities & Shareholder's Equity 5,483 5,165 5,080 4,906 4,907
Total Common Equity 2,336 2,156 2,068 1,893 1,822
Shares Outstanding 51.60 51.40 51.00 49.40 48.90
Book Value Per Share 45.26 41.94 40.55 38.32 37.27

Fiscal Year End for Allete, Inc. falls in the month of December.

All items in Millions except Per Share data.

12/31/2019 9/30/2019 6/30/2019 3/31/2019 12/31/2018
Assets          
Cash & Equivalents 69 100 203 353 69
Receivables 96 85 87 99 144
Notes Receivable 0 0 0 0 0
Inventories 73 85 78 74 87
Other Current Assets 31 26 29 30 34
Total Current Assets 270 296 397 556 334
Net Property & Equipment 4,377 4,211 4,063 3,941 3,904
Investments & Advances 198 183 160 155 210
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 0 0 0 0 0
Intangibles 1 1 1 1 223
Deposits & Other Assets 638 585 555 566 493
Total Assets 5,483 5,276 5,177 5,219 5,165
Liabilities & Shareholders Equity 12/31/2019 9/30/2019 6/30/2019 3/31/2019 12/31/2018
Notes Payable 0 0 0 0 0
Accounts Payable 165 144 150 134 150
Current Portion Long-Term Debt 213 213 28 14 58
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 18 15 18 15 18
Income Taxes Payable 51 53 41 60 51
Other Current Liabilities 60 59 60 99 129
Total Current Liabilities 507 483 297 322 405
Mortgages 0 0 0 0 0
Deferred Taxes/Income 213 214 214 216 224
Convertible Debt 0 0 0 0 0
Long-Term Debt 1,401 1,405 1,506 1,525 1,429
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 1,026 956 957 952
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 3,147 3,068 2,972 3,020 3,009
Shareholders Equity 12/31/2019 9/30/2019 6/30/2019 3/31/2019 12/31/2018
Preferred Stock 0 0 0 0 0
Common Stock (Par) 1,437 1,435 1,433 1,431 1,429
Capital Surplus 0 0 0 0 0
Retained Earnings 819 800 799 795 755
Other Equity 80 -27 -27 -27 -27
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 2,336 2,208 2,205 2,199 2,156
Total Liabilities & Shareholder's Equity 5,483 5,276 5,177 5,219 5,165
Total Common Equity 2,336 2,208 2,205 2,199 2,156
Shares Outstanding 51.60 51.60 51.60 51.60 51.40
Book Value Per Share 45.26 42.79 42.73 42.61 41.94