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Tokio Marine boosts ALLETE stock ownership as the energy firm misses Q4 earnings estimates.
Tokio Marine Asset Management bought 83,000 ALLETE Inc. shares in Q4, raising their ownership to 0.14%.
Institutional investors now hold 76.55% of ALLETE's stock.
ALLETE reported Q4 earnings of $0.78 per share, missing estimates by $0.21.
The company has a market cap of $3.79 billion and declared a $0.73 quarterly dividend, yielding 4.45%.
ALLETE operates as an energy provider in Minnesota and Wisconsin.
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Tokio Marine aumenta la propiedad de acciones de ALLETE mientras la empresa de energía pierde las estimaciones de ganancias del Q4.