Pacer Advisors Inc. Has $5.95 Million Holdings in Xcel Energy Inc (NYSE:XEL)

Pacer Advisors Inc. grew its stake in shares of Xcel Energy Inc (NYSE:XEL) by 12.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 91,629 shares of the utilities provider’s stock after acquiring an additional 9,784 shares during the period. Pacer Advisors Inc.’s holdings in Xcel Energy were worth $5,946,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Magellan Asset Management Ltd increased its holdings in shares of Xcel Energy by 233.3% during the second quarter. Magellan Asset Management Ltd now owns 11,720,869 shares of the utilities provider’s stock worth $697,274,000 after purchasing an additional 8,204,411 shares during the period. Scout Investments Inc. increased its holdings in shares of Xcel Energy by 196.1% during the second quarter. Scout Investments Inc. now owns 1,967,843 shares of the utilities provider’s stock worth $117,067,000 after purchasing an additional 1,303,156 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Xcel Energy by 2.3% during the second quarter. JPMorgan Chase & Co. now owns 40,037,447 shares of the utilities provider’s stock worth $2,373,420,000 after purchasing an additional 918,607 shares during the period. Carillon Tower Advisers Inc. increased its holdings in shares of Xcel Energy by 202.6% during the second quarter. Carillon Tower Advisers Inc. now owns 1,349,000 shares of the utilities provider’s stock worth $80,252,000 after purchasing an additional 903,125 shares during the period. Finally, California Public Employees Retirement System increased its holdings in shares of Xcel Energy by 18.2% during the second quarter. California Public Employees Retirement System now owns 3,940,117 shares of the utilities provider’s stock worth $234,398,000 after purchasing an additional 608,069 shares during the period. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Several brokerages have recently commented on XEL. SunTrust Banks set a $63.00 target price on shares of Xcel Energy and gave the stock a “hold” rating in a report on Tuesday, September 3rd. Bank of America cut shares of Xcel Energy from a “neutral” rating to an “underperform” rating and set a $62.00 target price on the stock. in a report on Monday, September 30th. Zacks Investment Research raised shares of Xcel Energy from a “sell” rating to a “hold” rating and set a $66.00 target price on the stock in a report on Monday, August 26th. Morgan Stanley raised their target price on shares of Xcel Energy from $60.00 to $63.00 and gave the stock an “equal weight” rating in a report on Friday, September 6th. Finally, Barclays cut shares of Xcel Energy from an “overweight” rating to an “equal weight” rating and set a $64.00 target price on the stock. in a report on Tuesday, August 13th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $63.10.

In related news, insider Christopher B. Clark sold 2,500 shares of Xcel Energy stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $62.38, for a total value of $155,950.00. Following the transaction, the insider now directly owns 16,560 shares of the company’s stock, valued at $1,033,012.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Scott M. Wilensky sold 15,000 shares of Xcel Energy stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $61.71, for a total transaction of $925,650.00. The disclosure for this sale can be found here. Insiders sold 49,382 shares of company stock worth $3,133,045 over the last three months. 0.22% of the stock is currently owned by insiders.

NYSE:XEL traded down $0.69 during mid-day trading on Friday, reaching $63.26. The stock had a trading volume of 62,948 shares, compared to its average volume of 3,277,758. The stock has a 50-day simple moving average of $64.12 and a two-hundred day simple moving average of $60.00. Xcel Energy Inc has a 12 month low of $47.07 and a 12 month high of $66.05.

Xcel Energy (NYSE:XEL) last announced its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.07). The company had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.84 billion. Xcel Energy’s revenue was down 3.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.52 earnings per share.

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, October 20th. Investors of record on Friday, September 13th will be paid a $0.405 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $1.62 dividend on an annualized basis and a yield of 2.56%.

About Xcel Energy

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.

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Institutional Ownership by Quarter for Xcel Energy (NYSE:XEL)

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