ALLETE Inc (NYSE:ALE), saw a insider decrease his exposure to the company through a transaction officially completed today, August 7th. Vice President and Chief Risk Officer John Robert Adams sold 1,389 shares at an average price of $47.47 per share. Following this transaction, Adams holds a total of 3,349.59 shares directly and 7,345.68 shares indirectly in the company.
ALLETE Inc (NYSE:ALE) is a $2.02 billion market cap energy company that operates in two business segments: Regulated Operations and Investments and Other. Regulated Operations includes its regulated utilities, Minnesota Power and Superior Water, Light and Power Company (SWL&P), as well as its investment in American Transmission Company LLC (ATC), a Wisconsin-based regulated utility that owns and maintains electric transmission assets in parts of Wisconsin, Michigan, Minnesota and Illinois; while investments and Other is comprised primarily of BNI Coal, Ltd (BNI Coal) based mostly out of North Dakota.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.