ALLETE Inc

ALE

$57.12

Closing

▲0.30%

1D

▼-6.61%

YTD

Market cap

$3.29B

52 week high

$66.50

52 week low

$49.29

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Market cap

$3.29B

Analysts' Rating

HOLD

Price Target (Mean)

58.16667

Total Analysts

6

P/E

13.27

Operating Margin

24.92%

Beta

0.75

Revenue Growth (Annual)

10.68%

52 week high

$66.50

52 week low

$49.29

Div. Yield

4.95%

EPS Annual Growth

65.56

Note on Purification and Zakat

  • Purification and Zakat (for long-term investing) calculations are in USD per share and based on AAOIFI methodology. AAOIFI requires purification every financial period (e.g. quarterly). 
  • If you follow S&P Shariah’s Dividend-only purification, then remove the impure income % from the dividends you receive. No purification required for non-dividend paying stocks, according to S&P Shariah.
  • For Zakat, if you did not invest in a company from a long term perspective, then consider the shares as trading goods and give 2.5% of the total value if a year has passed on them. 

Company Profile

ALLETE, Inc. is a clean-energy transformation company that owns, operates and developing wind energy generation to reduce carbon footprint. The Company’s segments include Regulated Operations and ALLETE Clean Energy. Regulated Operations includes regulated utilities, Minnesota Power, and SWL&P, as well as investment in ATC, a Wisconsin-based regulated utility that owns and maintains electric transmission assets in portions of Wisconsin, Michigan, Minnesota, and Illinois. Minnesota Power provides regulated utility electric service in northeastern Minnesota to approximately 150,000 retail customers. ALLETE Clean Energy segment is focused on developing, acquiring, and operating clean and renewable energy projects. It also owns and operates, in seven states, more than 1,200 MW of nameplate capacity wind energy generation with a contract under power sales agreements (PSAs) of various durations. It also engages in the development of wind energy facilities to operate under long-term PSAs.