Published on 13 Apr 2024 on Simply Wall St. via Yahoo Finance
ALLETE, Inc. (NYSE:ALE) is favoured by institutional owners who hold 77% of the company
Key Insights
Given the large stake in the stock by institutions, ALLETE's stock price might be vulnerable to their trading decisionsA total of 18 investors have a majority stake in the company with 51% ownershipUsing data from analyst forecasts alongside ownership research, one can better assess the future performance of a company
Every investor in ALLETE, Inc. (NYSE:ALE) should be aware of the most powerful shareholder groups. We can see that institutions own the lion's share in the company with 77% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company.