1 week Ago By Defense World Staff
JPMorgan Chase & Co. grew its position in ALLETE, Inc. ( NYSE:ALE – Free Report ) by 16.
5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 352,124 shares of the utilities provider’s stock after purchasing an additional 49,993 shares during the period. JPMorgan Chase & Co.
owned approximately 0.61% of ALLETE worth $22,818,000 at the end of the most recent quarter. Several other institutional investors have also recently modified their holdings of ALE.
Jones Financial Companies Lllp grew its position in ALLETE by 30.9% during the 4th quarter. Jones Financial Companies Lllp now owns 729 shares of the utilities provider’s stock worth $47,000 after purchasing an additional 172 shares during the period.
Fifth Third Bancorp grew its holdings in ALLETE by 32.9% during the fourth quarter. Fifth Third Bancorp now owns 876 shares of the utilities provider’s stock worth $57,000 after acquiring an additional 217 shares during the period.
KBC Group NV raised its position in ALLETE by 61.7% during the fourth quarter. KBC Group NV now owns 2,431 shares of the utilities provider’s stock valued at $158,000 after acquiring an additional 928 shares in the last quarter.
Wilmington Savings Fund Society FSB acquired a new position in ALLETE in the third quarter valued at approximately $282,000. Finally, Yorktown Management & Research Co Inc purchased a new stake in ALLETE in the 4th quarter worth approximately $305,000. 76.
55% of the stock is currently owned by hedge funds and other institutional investors. Wall Street Analyst Weigh In Separately, StockNews.com began coverage on ALLETE in a research note on Friday, January 10th.
They issued a “hold” rating for the company. ALLETE Stock Performance NYSE ALE opened at $65.08 on Thursday.
ALLETE, Inc. has a fifty-two week low of $56.66 and a fifty-two week high of $65.
99. The firm has a market capitalization of $3.77 billion, a P/E ratio of 20.
99 and a beta of 0.69. The stock’s fifty day moving average is $65.
45 and its two-hundred day moving average is $64.96. The company has a debt-to-equity ratio of 0.
50, a quick ratio of 0.69 and a current ratio of 1.08.
ALLETE ( NYSE:ALE – Get Free Report ) last released its quarterly earnings results on Tuesday, February 18th. The utilities provider reported $0.87 EPS for the quarter, missing the consensus estimate of $1.
02 by ($0.15). ALLETE had a net margin of 11.
72% and a return on equity of 5.97%. ALLETE Increases Dividend The business also recently declared a quarterly dividend, which was paid on Saturday, March 1st.
Stockholders of record on Friday, February 14th were issued a $0.73 dividend. This represents a $2.
92 dividend on an annualized basis and a dividend yield of 4.49%. The ex-dividend date of this dividend was Friday, February 14th.
This is an increase from ALLETE’s previous quarterly dividend of $0.71. ALLETE’s dividend payout ratio (DPR) is currently 94.
19%. ALLETE Profile ( Free Report ) ALLETE, Inc operates as an energy company. The company operates through Regulated Operations, ALLETE Clean Energy, and Corporate and Other segments.
It generates electricity from coal-fired, biomass co-fired / natural gas, hydroelectric, wind, and solar. In addition, the company provides regulated utility electric services in northwestern Wisconsin to approximately 15,000 electric customers, 13,000 natural gas customers, and 10,000 water customers, as well as regulated utility electric services in northeastern Minnesota to approximately 150,000 retail customers and 14 non-affiliated municipal customers. See Also Five stocks we like better than ALLETE What Is WallStreetBets and What Stocks Are They Targeting? Quantum Computing: The $6.
5 Billion Opportunity You Can’t Ignore How to Use the MarketBeat Stock Screener Are Tariffs Threatening Disney’s Comeback Story? Market Cap Calculator: How to Calculate Market Cap Is Alphabet a Generational Buying Opportunity at These Levels? Want to see what other hedge funds are holding ALE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ALLETE, Inc. ( NYSE:ALE – Free Report ).
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