Park Avenue Securities LLC lifted its holdings in shares of Xcel Energy Inc (NYSE:XEL) by 9.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,531 shares of the utilities provider’s stock after acquiring an additional 2,483 shares during the quarter. Park Avenue Securities LLC’s holdings in Xcel Energy were worth $1,916,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of the stock. First Trust Advisors LP increased its holdings in Xcel Energy by 2.1% in the first quarter. First Trust Advisors LP now owns 1,141,363 shares of the utilities provider’s stock valued at $64,156,000 after buying an additional 23,738 shares during the last quarter. DNB Asset Management AS grew its holdings in shares of Xcel Energy by 43.3% during the second quarter. DNB Asset Management AS now owns 131,400 shares of the utilities provider’s stock worth $7,817,000 after purchasing an additional 39,700 shares during the last quarter. WINTON GROUP Ltd grew its holdings in shares of Xcel Energy by 3.8% during the second quarter. WINTON GROUP Ltd now owns 914,892 shares of the utilities provider’s stock worth $54,427,000 after purchasing an additional 33,338 shares during the last quarter. Townsend & Associates Inc grew its holdings in shares of Xcel Energy by 0.6% during the second quarter. Townsend & Associates Inc now owns 28,904 shares of the utilities provider’s stock worth $1,755,000 after purchasing an additional 166 shares during the last quarter. Finally, Iowa State Bank purchased a new position in shares of Xcel Energy during the second quarter worth about $202,000. Institutional investors and hedge funds own 73.96% of the company’s stock.
In related news, insider Christopher B. Clark sold 2,000 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $64.25, for a total value of $128,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mark E. Stoering sold 4,882 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $64.87, for a total transaction of $316,695.34. Following the completion of the sale, the insider now owns 51,797 shares of the company’s stock, valued at approximately $3,360,071.39. The disclosure for this sale can be found here. In the last 90 days, insiders sold 49,382 shares of company stock valued at $3,133,045. 0.22% of the stock is owned by insiders.
Xcel Energy (NYSE:XEL) last released its quarterly earnings results on Thursday, October 24th. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.03 by ($0.02). The company had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $3.55 billion. The firm’s revenue was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.96 earnings per share.
The company also recently disclosed a quarterly dividend, which was paid on Sunday, October 20th. Investors of record on Friday, September 13th were given a $0.405 dividend. The ex-dividend date was Thursday, September 12th. This represents a $1.62 dividend on an annualized basis and a yield of 2.70%.
Several brokerages have issued reports on XEL. KeyCorp raised their price objective on Xcel Energy from $67.00 to $73.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. SunTrust Banks set a $63.00 price objective on Xcel Energy and gave the stock a “hold” rating in a report on Tuesday, September 3rd. Mizuho raised their price objective on Xcel Energy from $50.00 to $64.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Morgan Stanley raised their price objective on Xcel Energy from $60.00 to $63.00 and gave the stock an “equal weight” rating in a report on Friday, September 6th. Finally, Zacks Investment Research raised Xcel Energy from a “sell” rating to a “hold” rating and set a $66.00 price objective on the stock in a report on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $64.20.
Xcel Energy Profile
Xcel Energy Inc is a public utility holding company. The Company’s operations include the activity of four utility subsidiaries that serve electric and natural gas customers in eight states. The Company’s segments include regulated electric utility, regulated natural gas utility and all other. The Company’s utility subsidiaries include NSP-Minnesota, NSP-Wisconsin, Public Service Company of Colorado (PSCo) and Southwestern Public Service Co (SPS), which serve customers in portions of Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin.
Further Reading: Oversold
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