<div id="readability-page-1"><p>Neuberger Berman Group LLC lowered its stake in  Allete, Inc. (NYSE:ALE - Free Report) by 5.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 380,767 shares of the utilities provider's stock after selling 21,173 shares during the period. Neuberger Berman Group LLC owned approximately 0.66% of Allete worth $24,390,000 as of its most recent filing with the SEC.</p><p>Several other institutional investors and hedge funds have also bought and sold shares of ALE. Wealth Enhancement Advisory Services LLC grew its position in  Allete by 33.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 12,550 shares of the utilities provider's stock valued at $814,000 after acquiring an additional 3,179 shares during the last quarter.  Cannon Global Investment Management LLC boosted its stake in shares of  Allete by 152.2% in the 2nd quarter. Cannon Global Investment Management LLC now owns 22,700 shares of the utilities provider's stock valued at $1,454,000 after purchasing an additional 13,700 shares in the last quarter.  Intech Investment Management LLC boosted its stake in shares of  Allete by 37.8% in the 1st quarter. Intech Investment Management LLC now owns 40,204 shares of the utilities provider's stock valued at $2,641,000 after purchasing an additional 11,019 shares in the last quarter.  Eisler Capital Management Ltd. grew its holdings in shares of  Allete by 8.3% during the 2nd quarter. Eisler Capital Management Ltd. now owns 54,153 shares of the utilities provider's stock valued at $3,467,000 after purchasing an additional 4,130 shares during the last quarter.  Finally, NINE MASTS CAPITAL Ltd acquired a new position in  Allete during the 2nd quarter worth approximately $550,000. Institutional investors own  76.55% of the company's stock. </p><h2>Allete Price Performance</h2><p>ALE stock opened at $67.90 on Friday. The company has a market capitalization of $3.94 billion, a P/E ratio of 23.82 and a beta of 0.83. The company has a fifty day moving average price of $67.46 and a 200-day moving average price of $65.81. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.73 and a current ratio of 1.17. Allete, Inc. has a 52-week low of $62.38 and a 52-week high of $67.99. </p><p>Allete (NYSE:ALE - Get Free Report) last posted its quarterly earnings data on Thursday, October 30th. The utilities provider reported $0.46 earnings per share for the quarter, missing analysts' consensus estimates of $0.80 by ($0.34). The company had revenue of $375.00 million during the quarter, compared to analyst estimates of $434.90 million. Allete had a net margin of 11.04% and a return on equity of 5.08%. </p><h2>Analyst Ratings Changes</h2><p>ALE has been the topic of a number of research reports. Weiss Ratings  reaffirmed a &#34;buy (b-)&#34; rating on shares of Allete in a research note on Monday, December 8th. Wall Street Zen downgraded Allete from a &#34;hold&#34; rating to a &#34;sell&#34; rating in a report on Saturday, November 1st. One equities research analyst  has rated the stock with a Buy rating,  According to MarketBeat, the stock  has a consensus rating of &#34;Buy&#34;.</p><p><b>Check Out Our Latest Analysis on ALE</b></p><h2>Allete Company Profile</h2> (Free Report)<p>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.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Allete</li><li>Insider Selling Explained: Can it Inform Your Investing Choices?</li><li>Disney's $1 Billion Deal Brings Its Magic to OpenAI</li><li>Differences Between Momentum Investing and Long Term Investing </li><li>Why Amazon Could Be a $300 Stock Within Weeks</li><li>Dividend Payout Ratio Calculator</li><li>Adobe Gets Post-Earnings Lift: Long-Term Outlook Favors Upside</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUFMRQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUFMRQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Allete Right Now?</h2><p>Before you consider Allete, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Allete wasn't on the list.</p><p>While Allete currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Neuberger Berman Group LLC reduced its stake in Allete, Inc. by 5.3% in Q2, selling 21,173 shares. The firm now owns 380,767 shares worth $24.39 million. Other investors also adjusted their positions in Allete. The company reported Q3 earnings of $0.46 per share, missing estimates. Allete's stock opened at $67.90, with a market cap of $3.94 billion. Analysts have mixed ratings on the stock.</p>

Neuberger Berman Group LLC Sells 21,173 Shares of Allete, Inc. $ALE