ALLETE Inc (ALE) : Aristotle Capital Boston scooped up 821 additional shares in ALLETE Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 134,059 shares of ALLETE Inc which is valued at $8,193,686.ALLETE Inc makes up approximately 1.56% of Aristotle Capital Boston’s portfolio.
Other Hedge Funds, Including , Guggenheim Capital boosted its stake in ALE in the latest quarter, The investment management firm added 1,446 additional shares and now holds a total of 55,183 shares of ALLETE Inc which is valued at $3,372,785. ALLETE Inc makes up approx 0.01% of Guggenheim Capital’s portfolio. Philadelphia Trust Co sold out all of its stake in ALE during the most recent quarter. The investment firm sold 10,000 shares of ALE which is valued $611,200. Gsa Capital Partners Llp added ALE to its portfolio by purchasing 19,329 company shares during the most recent quarter which is valued at $1,186,607. ALLETE Inc makes up approx 0.06% of Gsa Capital Partners Llp’s portfolio. 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.
ALLETE Inc opened for trading at $61.24 and hit $61.79 on the upside on Wednesday, eventually ending the session at $61.61, with a gain of 0.46% or 0.28 points. The heightened volatility saw the trading volume jump to 211,273 shares. Company has a market cap of $3,042 M.
On the company’s financial health, ALLETE Inc reported $0.50 EPS for the quarter, based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus estimate of $0.50. The company had revenue of $314.80 million for the quarter.The company’s revenue was down -2.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.48 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.