ALLETE Inc (ALE) : Eagle Boston Investment Management Inc scooped up 5,120 additional shares in ALLETE Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 19, 2016. The investment management firm now holds a total of 212,527 shares of ALLETE Inc which is valued at $13,489,089.ALLETE Inc makes up approximately 1.76% of Eagle Boston Investment Management Inc’s portfolio.
Other Hedge Funds, Including , Acadian Asset Management added ALE to its portfolio by purchasing 4,033 company shares during the most recent quarter which is valued at $255,975. Simplex Trading sold out all of its stake in ALE during the most recent quarter. The investment firm sold 66 shares of ALE which is valued $4,189. Gradient Investments sold out all of its stake in ALE during the most recent quarter. The investment firm sold 112 shares of ALE which is valued $7,156.
ALLETE Inc closed down -0.17 points or -0.27% at $63.47 with 1,02,503 shares getting traded on Wednesday. Post opening the session at $63.72, the shares hit an intraday low of $63.37 and an intraday high of $63.905 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
On the company’s financial health, ALLETE Inc reported $0.93 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 3, 2016. Analyst had a consensus of $0.90. The company had revenue of $333.80 million for the quarter.The company’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.91 EPS.
Many Wall Street Analysts have commented on ALLETE Inc. Company shares were Upgraded by Williams Capital Group on May 25, 2016 to ” Buy”, Firm has raised the Price Target to $ 63 from a previous price target of $60 .
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.