Economy

Allete Inc (NYSE:ALE) Institutional Investors Quarterly Sentiment

The company was downgraded on Tuesday, November 22 by Jefferies. The rating was maintained by RBC Capital Markets with "Top Pick" on Friday, October 28. KeyBanc Capital Markets maintained Q2 Holdings Inc (NYSE:QTWO) on Monday, September 11 with "Hold" rating. The firm has "Buy" rating by H.C. Wainwright given on Thursday, August 4. Northland Capital initiated the shares of QTWO in report on Wednesday, December 9 with "Outperform" rating. Amp Capital Limited reported 2,973 shares or 0% of all its holdings.

Shares of Allete (NYSE:ALE) opened at 78.38 on Tuesday. ALE's profit will be $42.50M for 23.53 P/E if the $0.84 EPS becomes a reality. After posting $0.72 EPS for the previous quarter, ALLETE Inc's analysts now forecast 16.67 % EPS growth. The stock decreased 0.55% or $0.43 on October 13, reaching $78.38. They now have a United States dollars 77 price target on the stock. ALLETE Inc (NYSE:ALE) has risen 26.32% since October 13, 2016 and is uptrending. It has outperformed by 9.62% the S&P500.

Among 5 analysts covering ALLETE Inc (NYSE:ALE), 1 have Buy rating, 1 Sell and 3 Hold. Therefore 40% are positive. ALLETE Inc had 11 analyst reports since October 15, 2015 according to SRatingsIntel. ValuEngine raised shares of Allete from a "hold" rating to a "buy" rating in a research report on Thursday, September 7th. One investment 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 company. Williams Capital lifted their target price on shares of Allete from $75.00 to $78.00 and gave the stock a "buy" rating in a research report on Monday, June 19th. The firm earned "Hold" rating on Tuesday, March 29 by Williams Capital Group. The company was initiated on Thursday, October 15 by Wells Fargo. The stock of ALLETE Inc (NYSE:ALE) has "Neutral" rating given on Friday, November 4 by Macquarie Research. The firm has "Hold" rating by Wunderlich given on Monday, October 19. The firm earned "Underweight" rating on Thursday, October 12 by JP Morgan. On Tuesday, December 8 the stock rating was upgraded by Wunderlich to "Buy".

03/30/2016 - Allete, Inc. had its "underweight" rating reiterated by analysts at JP Morgan.

Allete Inc (NYSE:ALE) institutional sentiment decreased to 1.31 in 2017 Q2. Amalgamated Bank grew its position in Allete by 0.8% during the 1st quarter. It dropped, as 20 investors sold ALLETE Inc shares while 71 reduced holdings.

Several hedge funds have recently made changes to their positions in the company. Axiom Intl Invsts Ltd Liability De invested in 161,254 shares. Next Fincl Grp holds 0% or 25 shares. The original version of this report can be read at https://baseballnewssource.com/markets/zacks-investment-research-upgrades-allete-inc-ale-to-hold/1705143.html. Employees Retirement Association Of Colorado accumulated 0.01% or 12,183 shares. WFG Advisors LP now owns 16,576 shares of the utilities provider's stock valued at $1,188,000 after buying an additional 283 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,802 shares of the utilities provider's stock worth $129,000 after buying an additional 141 shares in the last quarter. Advisors Asset Management Inc owns 8,839 shares. Aristotle Capital Boston Llc, a Massachusetts-based fund reported 213,123 shares.#img1#. Rothschild Asset Management has 0.2% invested in ALLETE Inc (NYSE:ALE). Tower Rech Limited Liability Company (Trc) owns 954 shares or 0.01% of their U.S. portfolio. Corporate insiders own 0.42% of the company's stock. Tower Research Ltd Com (Trc) has 0.01% invested in ALLETE Inc (NYSE:ALE) for 954 shares. Franklin Res stated it has 0.02% in ALLETE Inc (NYSE:ALE). Qs Ltd invested 0.05% of its portfolio in ALLETE Inc (NYSE:ALE).

Since May 9, 2017, it had 0 buys, and 1 insider sale for $139,340 activity. Advisor Group Inc. now owns 2,164 shares of the utilities provider's stock worth $140,000 after buying an additional 45 shares in the last quarter.

Banco BTG Pactual S.A. purchased a new position in Allete, Inc. State Street reported 0.01% of its portfolio in ALLETE Inc (NYSE:ALE). It has a 13.6 P/E ratio.

Uniqure NV is a gene therapy company based in the Netherlands. The company has market cap of $83.74 billion. The Firm advances a focused pipeline of gene therapies that are developed both internally and through partnerships. About 116,201 shares traded. It is down 20.72% since October 12, 2016 and is uptrending. It has underperformed by 69.35% the S&P500.



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