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Allete (ALE)

(Real Time Quote from BATS)

$59.45 USD

59.45
28,441

-0.12 (-0.20%)

Updated Apr 26, 2024 12:26 PM ET

Zacks Rank:

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
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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4-Sell of 5       4  

Style Scores:

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.

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B Value C Growth B Momentum B VGM

Industry Rank:

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%.

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

Top 34% (86 out of 252)

Industry: Utility - Electric Power

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Balance Sheet

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

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

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 72 36 45 44 69
Receivables 137 138 124 112 96
Notes Receivable 0 0 0 0 0
Inventories 175 456 98 74 73
Other Current Assets 84 88 25 25 31
Total Current Assets 468 718 291 255 270
Net Property & Equipment 5,013 5,004 5,100 4,841 4,377
Investments & Advances 331 323 318 301 198
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 0 0 0 0 0
Intangibles 155 156 0 0 1
Deposits & Other Assets 688 645 726 688 638
Total Assets 6,656 6,846 6,435 6,085 5,483
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 0 0 0 0 0
Accounts Payable 102 103 111 110 165
Current Portion Long-Term Debt 111 273 214 204 213
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 21 21 20 20 18
Income Taxes Payable 51 69 65 59 51
Other Current Liabilities 92 251 133 67 60
Total Current Liabilities 378 716 543 460 507
Mortgages 0 0 0 0 0
Deferred Taxes/Income 193 158 186 196 213
Convertible Debt 0 0 0 0 0
Long-Term Debt 1,680 1,648 1,763 1,593 1,401
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 999 975 996 1,036 1,026
Minority Interest (Liabilities) 1 0 0 0 0
Total Liabilities 3,250 3,497 3,489 3,284 3,147
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 1,804 1,782 1,537 1,461 1,437
Capital Surplus 0 0 0 0 0
Retained Earnings 1,026 935 900 865 819
Other Equity 577 632 509 475 80
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 3,407 3,348 2,946 2,800 2,336
Total Liabilities & Shareholder's Equity 6,656 6,846 6,435 6,085 5,483
Total Common Equity 3,407 3,348 2,946 2,800 2,336
Shares Outstanding 57.40 57.10 52.50 51.90 51.60
Book Value Per Share 59.35 58.64 56.12 53.95 45.26

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

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents -99,999 72 126 48 30
Receivables NA 137 120 123 120
Notes Receivable NA 0 0 0 0
Inventories NA 175 180 194 347
Other Current Assets NA 84 78 81 73
Total Current Assets NA 468 503 446 570
Net Property & Equipment NA 5,013 4,997 4,974 4,979
Investments & Advances NA 331 330 328 324
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 0 0 0 0
Intangibles NA 155 156 156 156
Deposits & Other Assets NA 688 660 665 676
Total Assets NA 6,656 6,645 6,568 6,705
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable NA 0 111 0 0
Accounts Payable NA 102 112 89 85
Current Portion Long-Term Debt NA 111 0 107 176
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 21 16 21 15
Income Taxes Payable NA 51 64 50 81
Other Current Liabilities NA 92 111 113 107
Total Current Liabilities NA 378 414 380 464
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 193 171 154 156
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 1,680 1,686 1,686 1,756
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 977 980 971
Minority Interest (Liabilities) NA 1 0 0 0
Total Liabilities NA 3,250 3,248 3,199 3,347
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock NA 0 0 0 0
Common Stock (Par) NA 1,804 1,797 1,792 1,786
Capital Surplus NA 0 0 0 0
Retained Earnings NA 1,026 1,014 967 954
Other Equity NA 577 586 610 618
Treasury Stock NA 0 0 0 0
Total Shareholder's Equity NA 3,407 3,397 3,369 3,358
Total Liabilities & Shareholder's Equity NA 6,656 6,645 6,568 6,705
Total Common Equity 0 3,407 3,397 3,369 3,358
Shares Outstanding 57.50 57.40 57.40 57.40 57.30
Book Value Per Share 0.00 59.35 59.18 58.68 58.60