Enlightenment Research LLC Purchases New Shares in Xcel Energy Inc (NYSE:XEL)

Enlightenment Research LLC purchased a new stake in Xcel Energy Inc (NYSE:XEL) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,600 shares of the utilities provider’s stock, valued at approximately $234,000.

Several other institutional investors have also added to or reduced their stakes in XEL. Magellan Asset Management Ltd raised its holdings in shares of Xcel Energy by 233.3% in the second quarter. Magellan Asset Management Ltd now owns 11,720,869 shares of the utilities provider’s stock valued at $697,274,000 after buying an additional 8,204,411 shares during the last quarter. Scout Investments Inc. increased its position in Xcel Energy by 196.1% in 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 position in Xcel Energy by 2.3% in 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 position in Xcel Energy by 202.6% in 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 position in Xcel Energy by 18.2% in 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. 73.96% of the stock is owned by institutional investors and hedge funds.

A number of analysts recently commented on XEL shares. Mizuho lifted their price objective on Xcel Energy from $50.00 to $64.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. UBS Group lifted their price objective on Xcel Energy from $63.00 to $66.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Zacks Investment Research upgraded Xcel Energy from a “sell” rating to a “hold” rating and set a $66.00 price objective for the company in a research report on Monday, August 26th. Barclays lowered Xcel Energy from an “overweight” rating to an “equal weight” rating and set a $64.00 price objective for the company. in a research report on Tuesday, August 13th. They noted that the move was a valuation call. Finally, Morgan Stanley lifted their price objective on Xcel Energy from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Friday, September 6th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $63.10.

Shares of Xcel Energy stock traded up $0.01 during trading on Thursday, hitting $63.50. 46,244 shares of the company were exchanged, compared to its average volume of 3,258,015. Xcel Energy Inc has a 1-year low of $47.44 and a 1-year high of $66.05. The firm’s fifty day moving average price is $64.18 and its 200 day moving average price is $60.19.

Xcel Energy (NYSE:XEL) last posted its earnings results on Thursday, August 1st. The utilities provider reported $0.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.07). The firm had revenue of $2.58 billion during the quarter, compared to the consensus estimate of $2.84 billion. The company’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.52 EPS.

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, October 20th. Investors of record on Friday, September 13th will be given a $0.405 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $1.62 annualized dividend and a dividend yield of 2.55%.

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

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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