ALLETE, Inc. (NYSE:ALE) Stock Holdings Lessened by XTX Topco Ltd

XTX Topco Ltd trimmed its position in ALLETE, Inc. (NYSE:ALE - Free Report) by 64.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,304 shares of the utilities provider's stock after selling 7,826 shares during the period. XTX Topco Ltd's holdings in ALLETE were worth $279,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC boosted its position in shares of ALLETE by 187.1% during the 3rd quarter. Barclays PLC now owns 100,079 shares of the utilities provider's stock valued at $6,425,000 after purchasing an additional 65,222 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in ALLETE during the third quarter worth approximately $282,000. Franklin Resources Inc. grew its position in ALLETE by 9.8% in the third quarter. Franklin Resources Inc. now owns 65,056 shares of the utilities provider's stock worth $4,190,000 after buying an additional 5,799 shares during the last quarter. CWA Asset Management Group LLC increased its holdings in shares of ALLETE by 13.5% in the fourth quarter. CWA Asset Management Group LLC now owns 19,613 shares of the utilities provider's stock valued at $1,271,000 after buying an additional 2,339 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its holdings in shares of ALLETE by 6.7% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 20,197 shares of the utilities provider's stock valued at $1,309,000 after buying an additional 1,269 shares in the last quarter. 76.55% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on ALLETE in a report on Friday, January 10th. They issued a "hold" rating on the stock.

ALLETE Trading Down 0.2 %

ALE stock traded down $0.14 during mid-day trading on Thursday, reaching $65.36. 77,809 shares of the stock traded hands, compared to its average volume of 377,611. ALLETE, Inc. has a 52-week low of $59.15 and a 52-week high of $65.99. The stock's fifty day moving average is $65.26 and its 200-day moving average is $65.04. The company has a market cap of $3.79 billion, a P/E ratio of 21.08 and a beta of 0.69. The company has a current ratio of 1.08, a quick ratio of 0.69 and a debt-to-equity ratio of 0.50.

ALLETE (NYSE:ALE - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The utilities provider reported $0.87 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.15). ALLETE had a net margin of 11.72% and a return on equity of 5.97%.

ALLETE Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Thursday, May 15th will be given a $0.73 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.92 annualized dividend and a dividend yield of 4.47%. ALLETE's dividend payout ratio (DPR) is presently 94.19%.

ALLETE Company 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.