Allete Inc (ALE) Files Form 4 Insider Selling : Steven Wayne Morris Sells 392 Shares

Allete Inc (ALE): Steven Wayne Morris , Controller of Allete Inc sold 392 shares on May 6, 2016. The Insider selling transaction was reported by the company on May 9, 2016 to the Securities and Exchange Commission. The shares were sold at $56.15 per share for a total value of $22,008.55 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 9, 2016, Steven Wayne Morris (Controller) sold 392 shares at $56.15 per share price.On Mar 10, 2016, Deborah A Amberg (SrVP, Gen. Counsel & Secretary) sold 14,722 shares at $55.90 per share price.Also, On Feb 4, 2016, Madeleine W Ludlow (director) sold 200 shares at $52.55 per share price.On Aug 18, 2015, David J Mcmillan (SVP – External Affairs) sold 4,019 shares at $52.02 per share price.

Shares of ALLETE Inc (ALE) ended Friday, May 6, 2016 session in red amid volatile trading. The shares closed down -0.78 points or -1.35% at $56.91 with 7,04,925 shares getting traded. Post opening the session at $57.65, the shares hit an intraday low of $55.77 and an intraday high of $57.69 and the price vacillated in this range throughout the day. The company has a market cap of $2,803 M and the number of outstanding shares has been calculated to be 4,92,56,265 shares. The 52-week high of ALLETE Inc is $58.49 and the 52-week low is $45.29.

ALLETE Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Mar 29, 2016.

ALLETE Inc. is a provider of energy. The Company operates under the following segments: Regulated Operations and Investments and Other. The Company’s Regulated Operations segment includes its regulated utilities Minnesota Power and Superior Water Light and Power Co. (SWL&P) as well as its investment in American Transmission Company (ATC). The Investments and Other segment comprises its energy infrastructure and related services businesses ALLETE Clean Energy Inc. and BNI Coal Inc. Investments and Other segment also includes ALLETE Properties LLC other business development and corporate expenditures unallocated interest expense non-rate base generation approximately 5000 acres of land in Minnesota and earnings on cash and investments. The Company’s subsidiaries include ALLETE Clean Energy Inc. BNI Coal Inc. Rainy River Energy Corporation and ALLETE Properties LLC among others.

Leave a Reply

ALLETE Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on ALLETE Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.