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.

2 months ago
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