Squarepoint Ops LLC Has $25.83 Million Stake in ALLETE, Inc. (NYSE:ALE)

Squarepoint Ops LLC decreased its position in shares of ALLETE, Inc. (NYSE:ALE - Free Report) by 1.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 398,639 shares of the utilities provider's stock after selling 4,915 shares during the period. Squarepoint Ops LLC owned 0.69% of ALLETE worth $25,832,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in ALE. Jones Financial Companies Lllp raised its holdings in shares of ALLETE by 30.9% in 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 in the last quarter. Fifth Third Bancorp raised its position in shares of 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 purchasing an additional 217 shares during the period. Headlands Technologies LLC purchased a new stake in shares of ALLETE during the fourth quarter valued at $73,000. Lazard Asset Management LLC lifted its holdings in shares of ALLETE by 13.6% during the fourth quarter. Lazard Asset Management LLC now owns 1,371 shares of the utilities provider's stock valued at $88,000 after purchasing an additional 164 shares during the last quarter. Finally, Covestor Ltd boosted its position in shares of ALLETE by 38.0% in the 4th quarter. Covestor Ltd now owns 2,410 shares of the utilities provider's stock valued at $156,000 after purchasing an additional 663 shares during the period. 76.55% of the stock is currently owned by institutional investors and hedge funds.

ALLETE Trading Up 0.0%

NYSE ALE traded up $0.03 on Friday, hitting $64.98. 293,555 shares of the company were exchanged, compared to its average volume of 341,622. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.08 and a quick ratio of 0.69. ALLETE, Inc. has a twelve month low of $61.51 and a twelve month high of $65.99. The firm has a market capitalization of $3.77 billion, a P/E ratio of 20.96 and a beta of 0.82. The company's 50 day moving average price is $65.22 and its 200-day moving average price is $65.17.

ALLETE (NYSE:ALE - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The utilities provider reported $1.01 EPS for the quarter, meeting the consensus estimate of $1.01. ALLETE had a net margin of 11.72% and a return on equity of 5.97%. The business had revenue of $400.20 million during the quarter, compared to the consensus estimate of $456.30 million. During the same quarter in the prior year, the firm earned $0.90 EPS. The firm's quarterly revenue was down .8% on a year-over-year basis.

ALLETE Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Thursday, May 15th will be issued 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 4.49%. ALLETE's dividend payout ratio is 91.54%.

ALLETE Profile

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.