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Citigroup Inc. lifted its stake in ALLETE, Inc. ( NYSE:ALE – Free Report ) by 28.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 129,635 shares of the utilities provider’s stock after acquiring an additional 28,612 shares during the quarter. Citigroup Inc.’s holdings in ALLETE were worth $8,321,000 as of its most recent filing with the Securities & Exchange Commission. Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its position in ALLETE by 5.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 964,193 shares of the utilities provider’s stock worth $60,118,000 after purchasing an additional 52,499 shares during the period. Millennium Management LLC boosted its stake in shares of ALLETE by 955.1% in the 2nd quarter. Millennium Management LLC now owns 897,622 shares of the utilities provider’s stock worth $55,967,000 after buying an additional 812,548 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of ALLETE by 1.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 766,343 shares of the utilities provider’s stock worth $49,192,000 after acquiring an additional 7,739 shares during the period. Gabelli Funds LLC increased its position in ALLETE by 59.1% during the second quarter. Gabelli Funds LLC now owns 441,564 shares of the utilities provider’s stock valued at $27,532,000 after acquiring an additional 164,064 shares during the last quarter. Finally, Alpine Associates Management Inc. lifted its holdings in ALLETE by 12.9% in the third quarter. Alpine Associates Management Inc. now owns 398,047 shares of the utilities provider’s stock valued at $25,551,000 after acquiring an additional 45,447 shares during the period. Institutional investors own 76.55% of the company’s stock. ALLETE Price Performance NYSE ALE opened at $64.88 on Friday. ALLETE, Inc. has a 52 week low of $54.90 and a 52 week high of $65.86. The company has a quick ratio of 0.95, a current ratio of 1.45 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $3.75 billion, a P/E ratio of 20.79 and a beta of 0.80. The stock’s 50-day moving average price is $64.40 and its 200-day moving average price is $63.72. ALLETE Increases Dividend The company also recently announced a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Friday, November 15th will be issued a $0.705 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.82 annualized dividend and a yield of 4.35%. This is an increase from ALLETE’s previous quarterly dividend of $0.70. ALLETE’s dividend payout ratio is currently 90.38%. Analyst Upgrades and Downgrades ALE has been the subject of a number of recent research reports. StockNews.com initiated coverage on ALLETE in a research note on Saturday, November 23rd. They set a “hold” rating for the company. Sidoti raised shares of ALLETE from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. Four equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $62.00. Get Our Latest Stock Report on ALE ALLETE Profile ( Free Report ) 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. See Also Want to see what other hedge funds are holding ALE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ALLETE, Inc. ( NYSE:ALE – Free Report ). Receive News & Ratings for ALLETE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ALLETE and related companies with MarketBeat.com's FREE daily email newsletter .: Liberals, at least the ones with some optimism left in them, are pretty sure that good news for Donald Trump will be good news for Justin Trudeau. The idea is that the more crazy things look in the U.S., the more Canadians will want some stable leadership here. Since we last wrote together, Matt, Trump has been having some very good days. The latest , on the other hand, has found no “Trump bump” for Trudeau — at least not yet. I’m of the view that it’s still too early to tell, but I haven’t ruled out that stability is going to become more important as Trump rocks the world again. : Some Liberals still have optimism?!?!?!??!?!?! : Well, they hide it well. : With reason! Anyway. Yeah. I maintain my earlier view. The “Trump bump” was never likely. Trump 2 is bad news for the Liberals. He makes Conservative Leader Pierre Poilievre look sane by comparison and will require a lot of time and energy to manage, and I don’t think they have much of either to spare. Hoping that Trump’s re-election would save them always struck me as something the Liberals only believed because there was nothing else for them to cling to. You’re right that it’s early. But unless a huge number of Canadians suddenly become U.S. politics junkies over Christmas, is anyone going to care who didn’t care two weeks ago? : I’m not so sure. Even I’ve been surprised by how out there Trump’s cabinet appointments have been, though Matt Gaetz’s withdrawal from contention for attorney-general is evidence that maybe some sober second thinking is going on in Trump’s circle. I think Trudeau’s team has been showing a level of preparation for this round that it didn’t have in 2016. : Hmm. Interesting. I think that’s mostly wrong, but, I’ll grant it’s partially right. There is some muscle memory from Trump 1 that’s going to be useful for Trump 2. People to ring up for a chat. Favours to call in. In that sense, I’ll grant your point. But I think overall, history is going to take the entirely opposite view. Canada had four years of Joe Biden to take a hard look at itself and ask how we could adapt to a more “Trumpian” world. I know it wasn’t guaranteed, but it was likely enough that there were things we should have been doing, I’d say especially on trade, security and the military. These things were likely worth doing on their own, and were certainly worth doing as a hedge against Trump’s re-election. And in the main, gosh, we have not done those things. I really don’t think anyone can look at Canada circa late 2024 and go, behold a country that has worked methodically to prepare itself for a new world order. We didn’t even keep the damn cabinet committee going! We needed to reboot it. WHY?! : Point taken. The problem we all have now is that everything is hypothetical. How would Poilievre deal with Trump? We have no idea and he’s not going to tell us, except to say he’d be better than Trudeau. But I think some uncertainty about him is going to look less tolerable as the reality of Trump sinks in. Sure, is an old pal of vice-president-elect J.D. Vance. But Poilievre has been peddling very domestic politics here — quite effectively — but 2025 could be a year when Canadians are looking for someone with more seasoning, internationally. : I mean, sure. I guess. Anything’s possible. But here’s why I think that’s unlikely. I haven’t seen anything in many months that changes my gut feeling that the voters are locked in and now largely tuned out. The ones who hate themselves enough to stay tuned in, and sadly that’s both of us, have already made up our minds. So among the engaged, it’s just nerd skirmishing. Everyone else is off watching some baking show or whatever pleases them. God bless them. Second, if the Liberals’ last remaining hope is Canadians suddenly deciding to vote about foreign policy stuff, even critically important American stuff, I dunno what to tell them. : I’m going to stop and laugh here about nerd skirmishing and baking shows. : It’s true! I know this is a little off topic, but I’ll try to make it relevant: even people I know who are unrepentant, incurable news junkies are just tuned right the hell out these days. ? Yawn. Trump re-elected? A stirring of interest, for like two days. Even I forgot that was a thing and this is my literal job. We started talking about the lack of a Trump bump. You have to notice something to be bumped by it. I really think we have to consider the fact that the Canadian people made up their minds for our next election last summer and are just patiently waiting to get all this over with. : It strikes me that Trump’s re-election has put us into a world where we find Trudeau needing to attend to more domestic concerns ( ) and Poilievre needs to think beyond our borders. I don’t think we can expect Poilievre to go along with the old convention that you don’t trash talk your own government on the world stage; you present a united front. Frankly, I think Ontario Premier Doug Ford is being on this score right now, but that’s a whole other column for another day. : Oh yes. That would be. I quipped to a friend recently that Ford seems to be auditioning for Captain Canada, and my friend wondered who’d be more annoyed at that — Trudeau or Poilievre. I don’t know if Poilievre will trash Trudeau any more or less now than before. He’s always cranked to 11. But I could definitely see him making a “We need a strong leader with a stable government to face Trump” pitch. And I could see that working.
HP Inc. Reports Fiscal 2024 Full Year and Fourth Quarter Results
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Big Ten slate features Indiana-Ohio State showdown and Penn State-Minnesota matchup Things to watch this week in the Big Ten Conference: Game of the week No. 5 Indiana (10-0, 7-0 Big Ten, No. 5 CFP ) at No. 2 Ohio State (9-1, 6-1, No. 2 CFP), Saturday, noon ET (Fox) This marks the 98th matchup between these two teams, but it's only the fourth time both teams have been ranked. Although Indiana is unbeaten, its soft schedule means the Hoosiers aren't assured of making the 12-team field if they lose this game. The only team with a winning record that Indiana has beaten is Washington (6-5). Ohio State needs a win to have a realistic shot at a rematch with top-ranked Oregon in the Big Ten championship game. Ohio State has beaten Indiana 28 straight times since the Hoosiers posted back-to-back victories in 1987-88. The undercard No. 4 Penn State (9-1, 6-1, No. 4 CFP) at Minnesota (6-4, 4-3), Saturday, 3:30 p.m. (CBS) This is likely Penn State's biggest obstacle on its way to a potential playoff berth. The Nittany Lions' lone remaining regular-season game is a Nov. 30 home matchup with Maryland (4-6, 1-6). Minnesota has had an extra week to prepare this game since its 26-19 loss at Rutgers on Nov. 9, which snapped a four-game winning streak. Penn State and Minnesota have split their last four meetings, with the home team winning each time. Impact players Penn State DE Abdul Carter has multiple tackles for loss in each of his last three games. He ranks second among all Bowl Subdivision players in tackles for loss (17 1⁄2). Southern California RB Woody Marks rushed for a career-high 146 yards in a 28-20 win over Nebraska. Marks has six 100-yard rushing performances this season. Rutgers RB Kyle Monangai is the first Scarlet Knight to rush for 1,000 yards in back-to-back seasons since Ray Rice did it three straight years from 2005-07. Monangai has run for 1,028 yards this season and rushed for 1,262 yards last year. Oregon OLB Matayo Uiagalelei recorded a sack and had a game-clinching interception as the top-ranked Ducks won 16-13 at Wisconsin last week. He has 8 1⁄2 sacks this season to rank second in the Big Ten. Inside the numbers Four of the top seven Bowl Subdivision quarterbacks in passer rating are from the Big Ten. Indiana's Kurtis Rourke is second, Ohio State's Will Howard is third, Penn State's Drew Allar is fifth and Oregon's Dillon Gabriel is seventh. ... Illinois QB Luke Altmyer has thrown 18 touchdown passes with only three interceptions. The only Power Four quarterback with a better touchdown/interception ratio while throwing at least 10 touchdown passes is Clemson's Cade Klubnik, who has 26 touchdowns and four interceptions. ... Rutgers' three Big Ten wins matches its largest total since joining the league in 2014. Rutgers also had three conference wins in 2014, 2017, 2020 and 2023. A victory Saturday over No. 24 Illinois would give Rutgers three straight Big Ten wins for the first time. ... Washington's 31-19 win over UCLA was its 20th straight home victory, representing its second-longest such streak in school history. The Huskies won 45 straight home games from 1908-17. ... Wisconsin heads to Nebraska this week having won its last 10 matchups with the Cornhuskers. Now don't get upset Penn State justifiably is favored on the road against Minnesota, but Bet MGM's 12 1⁄2-point spread seems way too big. Expect this game to have a single-digit margin.
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