ALLETE, Inc. (NYSE:ALE) Shares Acquired by Captrust Financial Advisors

Captrust Financial Advisors boosted its holdings in ALLETE, Inc. (NYSE:ALE) by 1.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,822 shares of the utilities provider’s stock after purchasing an additional 481 shares during the quarter. Captrust Financial Advisors owned approximately 0.08% of ALLETE worth $3,099,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Barclays PLC boosted its holdings in shares of ALLETE by 187.1% in the 3rd quarter. Barclays PLC now owns 100,079 shares of the utilities provider’s stock valued at $6,425,000 after buying an additional 65,222 shares during the period. Franklin Resources Inc. lifted its holdings 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 acquiring an additional 5,799 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in 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 acquiring an additional 1,269 shares during the period. Exchange Traded Concepts LLC grew its holdings in shares of ALLETE by 2.6% during 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 last quarter. Finally, Fifth Third Bancorp raised its position in shares of ALLETE by 32.9% during the 4th 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. Institutional investors own 76.55% of the company’s stock.

ALLETE Trading Down 0.1 %

NYSE:ALE opened at $65.42 on Friday. The firm has a market capitalization of $3.79 billion, a P/E ratio of 21.10 and a beta of 0.82. The business has a 50 day simple moving average of $65.25 and a 200 day simple moving average of $65.10. 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 12-month low of $61.51 and a 12-month high of $65.99.

ALLETE (NYSE:ALE) last announced its quarterly earnings results on Thursday, May 8th. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.01. The company had revenue of $400.20 million during the quarter, compared to the consensus estimate of $456.30 million. ALLETE had a net margin of 11.72% and a return on equity of 5.97%. The company’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.90 earnings per share.

ALLETE Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Thursday, May 15th will be given a dividend of $0.73 per share. The ex-dividend date is Thursday, May 15th. This represents a $2.92 annualized dividend and a dividend yield of 4.46%. ALLETE’s dividend payout ratio is presently 91.54%.

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.