Jane Street Group LLC Decreases Stock Holdings in ALLETE, Inc. (NYSE:ALE)

Jane Street Group LLC decreased its position in shares of ALLETE, Inc. (NYSE:ALE - Free Report) by 95.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,269 shares of the utilities provider's stock after selling 116,362 shares during the period. Jane Street Group LLC's holdings in ALLETE were worth $341,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Barclays PLC grew its holdings in shares of ALLETE by 187.1% in the third quarter. Barclays PLC now owns 100,079 shares of the utilities provider's stock worth $6,425,000 after purchasing an additional 65,222 shares during the last quarter. Fifth Third Bancorp grew its holdings in shares of ALLETE by 32.9% in 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 last quarter. KBC Group NV grew its holdings in shares of ALLETE by 61.7% in the fourth quarter. KBC Group NV now owns 2,431 shares of the utilities provider's stock worth $158,000 after purchasing an additional 928 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. bought a new position in shares of ALLETE in the fourth quarter worth about $5,378,000. Finally, Yorktown Management & Research Co Inc bought a new position in shares of ALLETE in the fourth quarter worth about $305,000. Institutional investors own 76.55% of the company's stock.

ALLETE Stock Performance

Shares of NYSE ALE remained flat at $65.18 during mid-day trading on Thursday. 229,344 shares of the stock were exchanged, compared to its average volume of 339,412. The stock's 50 day moving average price is $65.13 and its 200-day moving average price is $65.19. 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 cap of $3.78 billion, a PE ratio of 21.03 and a beta of 0.80. ALLETE, Inc. has a 12-month low of $61.51 and a 12-month high of $65.99.

ALLETE (NYSE:ALE - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The utilities provider reported $1.01 earnings per share for the quarter, hitting analysts' consensus estimates 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 period in the prior year, the firm earned $0.90 earnings per share. The firm's revenue for the quarter was down .8% compared to the same quarter last year.

ALLETE Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, June 1st. Shareholders of record on Thursday, May 15th were given a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a dividend yield of 4.48%. The ex-dividend date of this dividend was Thursday, May 15th. ALLETE's payout ratio is 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.