Zacks Investment Research upgraded shares of Allete, Inc. (NYSE:ALE) by 19.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). Loomis Sayles LP owns 348,439 shares or 0.06% of their USA portfolio. Price T Rowe Assocs Md stated it has 0% in ALLETE Inc (NYSE:ALE). The forecast of 4 surveyed investment analysts covering the stock advises investors to Buy stake in the company. Evanston Invests Dba Evanston holds 0.81% in ALLETE Inc (NYSE:ALE) or 46,113 shares. The Regulated Operations segment includes its regulated utilities, Minnesota Power, and Superior Water, Light and Power Company (SWL&P), as well as its investment in American Transmission Company LLC (ATC), a regulated utility that owns and maintains electric transmission assets in parts of Wisconsin, Michigan, Minnesota and IL. Vanguard Group Inc. lifted its holdings in shares of Allete by 3.6% during the 2nd quarter. Advisor Group Inc. now owns 2,164 shares of the utilities provider's stock valued at $140,000 after purchasing an additional 45 shares in the last quarter. The utilities provider reported $0.72 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.55 by $0.17. LS Investment Advisors LLC now owns 1,890 shares of the utilities provider's stock valued at $135,000 after purchasing an additional 100 shares in the last quarter. State Street Corp now owns 1,328,131 shares of the utilities provider's stock valued at $95,203,000 after purchasing an additional 52,526 shares in the last quarter. (BNI Energy), its coal mining operations in North Dakota, ALLETE Properties, LLC (ALLETE Properties), its Florida real estate investment and approximately 5,000 acres of land in Minnesota. Northern Trust Corp now owns 1,288,830 shares of the utilities provider's stock worth $92,384,000 after buying an additional 62,774 shares during the last quarter.
A number of research firms have issued reports on ALE. On Tuesday, December 8 the stock rating was upgraded by Wunderlich to "Buy". Finally, BidaskClub lowered shares of Allete from a buy rating to a hold rating in a report on Wednesday, July 12th. The rating was downgraded by Williams Capital Group to "Hold" on Tuesday, March 29. ALLETE Inc had 11 analyst reports since October 15, 2015 according to SRatingsIntel. ALLETE Inc (NYSE:ALE) has risen 26.32% since October 12, 2016 and is uptrending. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. $69.33's average target is -12.03% below currents $78.81 stock price.
In other news, Director Madeleine W. Ludlow sold 2,500 shares of the business's stock in a transaction that occurred on Tuesday, August 8th. The company now has a consensus rating of Hold and an average price target of $77.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.42% of the company's stock.
Allete has 52 week low of $56.48 and a 52 week high of $79.69 with a P/E ratio of 23.33 and has a market cap of $0. The correct version of this article can be viewed at https://stocknewstimes.com/2017/10/11/susquehanna-international-group-llp-has-2-21-million-holdings-in-allete-inc-ale.html. Amalgamated Bank now owns 6,318 shares of the utilities provider's stock valued at $428,000 after buying an additional 49 shares during the period. The firm has a market cap of $4.03 billion, a P/E ratio of 23.29 and a beta of 0.48. The stock's 50 day moving average is $77.68 and its 200-day moving average is $73.01. 342,000 were reported by Gabelli Funds Lc. Suntrust Banks Inc accumulated 53,231 shares. The business's quarterly revenue was up 12.2% on a year-over-year basis.
About 3,338 shares traded. Principal Financial Group Inc. boosted its holdings in shares of Allete by 93.8% in the second quarter. "(ALE) Stake Boosted by Westwood Holdings Group Inc." was originally published by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are accessing this article on another website, it was illegally copied and republished in violation of United States and worldwide trademark and copyright law. Allete Inc now has $4.03B valuation.