Allete, Inc. (NYSE:ALE) Trading Up - Short interest fell by -5.45%

Flinton Capital Management LLC Has $313000 Holdings in Allete, Inc. (ALE)

At present, 3 analysts recommended Holding these shares while 0 recommended sell, according to FactSet data. 32 funds opened positions while 87 raised stakes.

Allete (NYSE:ALE) last released its earnings results on Wednesday, August 2nd.

Other hedge funds also recently bought and sold shares of the company. State Street Corp boosted its holdings in shares of Allete by 4.1% in the second quarter. Da Davidson And Com holds 0% in ALLETE Inc (NYSE:ALE) or 366 shares. Moreover, Baxter Bros Inc has 0.02% invested in the company for 12,000 shares. Balyasny Asset Management Lc holds 19,300 shares or 0.01% of its portfolio. Waddell And Reed Fincl Inc reported 133,100 shares. During the same quarter previous year, the firm posted $0.50 earnings per share. Cetera Investment Advisers now owns 4,883 shares of the utilities provider's stock valued at $350,000 after buying an additional 35 shares during the period. 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. Evanston Invests Dba Evanston holds 46,113 shares or 0.81% of its portfolio. Moreover, First Houston Capital Inc. has 2.57% invested in the company for 29,445 shares. Teachers Retirement Systems Of The State Of Kentucky reported 28,346 shares.

Since May 9, 2017, it had 0 insider buys, and 1 sale for $139,340 activity. $139,340 worth of stock was sold by DeVinck Steven Q on Tuesday, May 9. ValuEngine lowered Allete from a "buy" rating to a "hold" rating in a research report on Monday, October 2nd. The company from today has a $79.00 target price on company.

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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. One research analyst has rated the stock with a sell rating, five have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Therefore 40% are positive.

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. $69.33's average target is -11.74% below currents $78.55 stock price. ALLETE Inc had 11 analyst reports since October 15, 2015 according to SRatingsIntel. The correct version of this article can be accessed at https://weekherald.com/2017/10/11/allete-inc-ale-upgraded-to-hold-at-zacks-investment-research.html. The firm has "Underweight" rating by JP Morgan given on Thursday, October 12. On Tuesday, December 8 the stock rating was upgraded by Wunderlich to "Buy". BidaskClub raised Allete from a "hold" rating to a "buy" rating in a research report on Friday, August 4th. The stock has "Buy" rating by Williams Capital Group on Monday, June 19. The stock has "Underweight" rating by JP Morgan on Wednesday, March 30. Wells Fargo initiated the shares of ALE in report on Thursday, October 15 with "Market Perform" rating. The firm has "Buy" rating given on Friday, April 21 by Williams Capital Group. ALLETE Inc (NYSE:ALE) has risen 26.32% since October 13, 2016 and is uptrending. It has outperformed by 9.62% the S&P500.

Investors wait ALLETE Inc (NYSE:ALE) to report on November, 3. its quarterly earnings Wall Street analysts expect $0.84 EPS, down $0.15 or 15.15 % from last year's $0.99 same quarter earnings. CM's profit will be $922.22 million for 10.70 P/E if the $2.10 EPS becomes a reality. Principal Financial Group Inc. now owns 1,447,846 shares of the utilities provider's stock valued at $103,782,000 after purchasing an additional 700,647 shares in the last quarter. Channing Capital Management Llc who had been investing in Allete Inc for a number of months, seems to be bullish on the $4.02B market cap company. In addition to its electric utilities, Minnesota Power and Superior Water, Light and Power of Wisconsin, ALLETE owns ALLETE Clean Energy, based in Duluth, U.S. Water Services headquartered in St. Michael, Minn., BNI Energy in Center, N.D., and has an eight percent equity interest in the American Transmission Co.

Allete, Inc. now has a P/E ratio of 23.19 and the market cap of the company is 4.02B.

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