Sei Investments Company Increased Allete Inc (NYSE:ALE) Stake by $10.55 Million

August 12, 2018 - By Robert Reynolds

ALLETE, Inc. (NYSE:ALE) LogoInvestors sentiment decreased to 0.88 in Q1 2018. Its down 0.41, from 1.29 in 2017Q4. It is negative, as 26 investors sold ALE shares while 88 reduced holdings. 34 funds opened positions while 66 raised stakes. 35.74 million shares or 0.16% less from 35.80 million shares in 2017Q4 were reported. D E Shaw And owns 0% invested in ALLETE, Inc. (NYSE:ALE) for 17,221 shares. State Common Retirement Fund holds 207,399 shares. Channing Capital Limited Liability invested in 607,554 shares. Ser Automobile Association has 0.01% invested in ALLETE, Inc. (NYSE:ALE) for 27,536 shares. New York State Teachers Retirement Systems has 0.02% invested in ALLETE, Inc. (NYSE:ALE) for 92,860 shares. Aristotle Cap Boston Ltd Liability reported 531,234 shares. Palisade Ltd Liability Nj owns 29,000 shares. Dimensional Fund Limited Partnership stated it has 0.03% of its portfolio in ALLETE, Inc. (NYSE:ALE). Comerica Comml Bank owns 41,993 shares or 0.02% of their US portfolio. Ls Inv Advsr Ltd Liability Corp has 2,886 shares for 0.01% of their portfolio. Bnp Paribas Arbitrage Sa has invested 0% in ALLETE, Inc. (NYSE:ALE). The Alabama-based Mesirow Financial Invest Mngmt has invested 2.04% in ALLETE, Inc. (NYSE:ALE). Northern Trust stated it has 0.03% in ALLETE, Inc. (NYSE:ALE). Loomis Sayles And L P invested in 0.05% or 314,604 shares. Neuberger Berman Ltd holds 0.01% or 151,396 shares in its portfolio.

Since March 26, 2018, it had 0 insider buys, and 5 selling transactions for $301,088 activity.

Sei Investments Company increased its stake in Allete Inc (NYSE:ALE) by 2720.32% based on its latest 2018Q2 regulatory filing with the SEC. Sei Investments Company bought 137,077 shares as the company’s stock rose 9.45% while stock markets declined. The institutional investor held 142,116 shares of the public utilities company at the end of 2018Q2, valued at $11.00 million, up from 5,039 at the end of the previous reported quarter. Sei Investments Company who had been investing in Allete Inc for a number of months, seems to be bullish on the $3.97 billion market cap company. The stock decreased 0.45% or $0.35 during the last trading session, reaching $77.24. About 144,335 shares traded. ALLETE, Inc. (NYSE:ALE) has risen 4.12% since August 12, 2017 and is uptrending. It has underperformed by 8.45% the S&P500.

Sei Investments Company, which manages about $29.42 billion US Long portfolio, decreased its stake in Charter Communications Inc N () by 48,126 shares to 122,348 shares, valued at $35.87M in 2018Q2, according to the filing. It also reduced its holding in Marsh & Mclennan Cos Inc (NYSE:MMC) by 144,194 shares in the quarter, leaving it with 431,054 shares, and cut its stake in Conocophillips (NYSE:COP).

Sei Investments Company is a Pennsylvania-based institutional investor with more than $134.00 billion AUM in September, 2014. This fund invests only a small percentage of its assets in equities and options. Sei Investments Company is the 32th largest institutional investor in our database. Taken from Sei Investments latest Adv, the fund reported to have 333 full and part-time employees. Among which 96 performing investment advisory and research functions. The institutional investor had more than 11900 clients.

ALLETE, Inc. (NYSE:ALE) Ratings Coverage

Among 3 analysts covering Allete (NYSE:ALE), 0 have Buy rating, 1 Sell and 2 Hold. Therefore 0 are positive. Allete had 5 analyst reports since February 13, 2018 according to SRatingsIntel. The company was maintained on Tuesday, April 10 by JP Morgan. The firm has “Neutral” rating by Mizuho given on Monday, May 7. The stock of ALLETE, Inc. (NYSE:ALE) earned “Underweight” rating by JP Morgan on Friday, March 16. The company was maintained on Tuesday, February 13 by Wells Fargo.

ALLETE, Inc. operates as an energy company. The company has market cap of $3.97 billion. The firm operates through three divisions: Regulated Operations, ALLETE Clean Energy, and U.S. It has a 23.48 P/E ratio. Water Services.

More recent ALLETE, Inc. (NYSE:ALE) news were published by: Seekingalpha.com which released: “ALLETE, Inc. (ALE) CEO Alan Hodnik on Q2 2018 Results – Earnings Call Transcript” on August 05, 2018. Also Nasdaq.com published the news titled: “Detailed Research: Economic Perspectives on Allete, Sterling Construction, Illumina, PROS, Altra Industrial Motion …” on August 06, 2018. Bizjournals.com‘s news article titled: “By Patrick Rehkamp – Data Reporter, Minneapolis / St. Paul Business Journal” with publication date: August 09, 2018 was also an interesting one.

ALLETE, Inc. (NYSE:ALE) Institutional Positions Chart

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