Benjamin Edwards Inc. raised its stake in Xcel Energy Inc (NYSE:XEL) by 9.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 2,224 shares of the utilities provider’s stock after acquiring an additional 194 shares during the period. Benjamin Edwards Inc.’s holdings in Xcel Energy were worth $144,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. LLBH Private Wealth Management LLC purchased a new position in shares of Xcel Energy in the 2nd quarter valued at approximately $25,000. Krane Funds Advisors LLC purchased a new position in shares of Xcel Energy in the 2nd quarter valued at approximately $25,000. Manchester Financial Inc. purchased a new position in shares of Xcel Energy in the 2nd quarter valued at approximately $26,000. Gradient Investments LLC grew its stake in shares of Xcel Energy by 71.6% in the 3rd quarter. Gradient Investments LLC now owns 398 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 166 shares during the last quarter. Finally, Prestige Wealth Management Group LLC purchased a new stake in shares of Xcel Energy in the second quarter valued at approximately $27,000. Institutional investors own 73.96% of the company’s stock.
A number of research firms recently weighed in on XEL. Morgan Stanley lifted their price target on Xcel Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a research note on Friday, September 6th. Mizuho lifted their price target on Xcel Energy from $50.00 to $64.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Barclays downgraded Xcel Energy from an “overweight” rating to an “equal weight” rating and set a $64.00 price target on the stock. in a research note on Tuesday, August 13th. They noted that the move was a valuation call. SunTrust Banks set a $63.00 price target on Xcel Energy and gave the company a “hold” rating in a research note on Tuesday, September 3rd. Finally, Bank of America downgraded Xcel Energy from a “neutral” rating to an “underperform” rating and set a $62.00 price target on the stock. in a research note on Monday, September 30th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $64.20.
In related news, EVP Scott M. Wilensky sold 15,000 shares of Xcel Energy stock in a transaction on Friday, August 16th. The stock was sold at an average price of $61.71, for a total transaction of $925,650.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kent T. Larson sold 25,000 shares of Xcel Energy stock in a transaction on Friday, August 30th. The stock was sold at an average price of $64.25, for a total value of $1,606,250.00. Following the transaction, the executive vice president now directly owns 75,354 shares of the company’s stock, valued at $4,841,494.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 49,382 shares of company stock valued at $3,133,045. 0.22% of the stock is currently owned by insiders.
Xcel Energy stock opened at $60.08 on Friday. Xcel Energy Inc has a 1-year low of $47.70 and a 1-year high of $66.05. The stock’s 50 day moving average price is $63.69 and its 200 day moving average price is $61.05.
Xcel Energy (NYSE:XEL) last posted its quarterly earnings results on Thursday, October 24th. The utilities provider reported $1.01 earnings per share 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. During the same quarter in the previous year, the business posted $0.96 EPS. Xcel Energy’s quarterly revenue was down 1.1% on a year-over-year basis.
The company also recently disclosed a quarterly dividend, which was paid on Sunday, October 20th. Investors of record on Friday, September 13th were issued a dividend of $0.405 per share. The ex-dividend date was Thursday, September 12th. This represents a $1.62 annualized dividend and a yield of 2.70%.
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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