ALLETE, Inc. (NYSE:ALE) Shares Sold by Css LLC Il

CSS LLC IL cut its position in shares of ALLETE, Inc. (NYSE:ALE - Free Report) by 20.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,885 shares of the utilities provider's stock after selling 4,159 shares during the period. CSS LLC IL's holdings in ALLETE were worth $1,029,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Lazard Asset Management LLC raised its position in shares of ALLETE by 13.6% during the 4th quarter. Lazard Asset Management LLC now owns 1,371 shares of the utilities provider's stock valued at $88,000 after buying an additional 164 shares during the period. Jones Financial Companies Lllp grew its position in ALLETE by 30.9% in the fourth quarter. Jones Financial Companies Lllp now owns 729 shares of the utilities provider's stock worth $47,000 after acquiring an additional 172 shares during the period. Fifth Third Bancorp increased its stake 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 last quarter. Exchange Traded Concepts LLC raised its position in ALLETE by 2.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 11,786 shares of the utilities provider's stock valued at $764,000 after purchasing an additional 295 shares during the period. Finally, Xponance Inc. raised its position in ALLETE by 4.5% in the fourth quarter. Xponance Inc. now owns 8,198 shares of the utilities provider's stock valued at $531,000 after purchasing an additional 356 shares during the period. 76.55% of the stock is currently owned by institutional investors and hedge funds.

ALLETE Trading Up 0.2%

Shares of NYSE ALE traded up $0.15 during mid-day trading on Tuesday, reaching $65.13. 62,845 shares of the company's stock were exchanged, compared to its average volume of 340,998. The company's 50-day moving average is $65.21 and its 200-day moving average is $65.17. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.69 and a current ratio of 1.08. The firm has a market capitalization of $3.78 billion, a price-to-earnings ratio of 21.01 and a beta of 0.82. ALLETE, Inc. has a 52-week low of $61.51 and a 52-week high of $65.99.

ALLETE (NYSE:ALE - Get Free Report) last announced its earnings results on Thursday, May 8th. The utilities provider reported $1.01 earnings per share for the quarter, hitting the consensus estimate of $1.01. ALLETE had a net margin of 11.72% and a return on equity of 5.97%. The company had revenue of $400.20 million during the quarter, compared to analyst estimates of $456.30 million. During the same quarter last year, the firm posted $0.90 earnings per share. ALLETE's revenue was down .8% compared to the same quarter last year.

ALLETE Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Thursday, May 15th will be given a dividend of $0.73 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 4.48%. ALLETE's payout ratio is currently 91.54%.

About ALLETE

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.