Wealthfront Inc. boosted its stake in Xcel Energy Inc (NYSE:XEL) by 96.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 32,709 shares of the utilities provider’s stock after buying an additional 16,048 shares during the quarter. Wealthfront Inc.’s holdings in Xcel Energy were worth $1,574,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in XEL. Assetmark Inc. raised its position in Xcel Energy by 118.9% in the 3rd quarter. Assetmark Inc. now owns 2,191 shares of the utilities provider’s stock valued at $104,000 after buying an additional 1,190 shares during the last quarter. SeaCrest Wealth Management LLC purchased a new stake in Xcel Energy in the 4th quarter valued at $105,000. Krilogy Financial LLC purchased a new stake in shares of Xcel Energy during the 3rd quarter valued at $127,000. BB&T Investment Services Inc. increased its position in shares of Xcel Energy by 73.3% during the 3rd quarter. BB&T Investment Services Inc. now owns 2,730 shares of the utilities provider’s stock valued at $145,000 after purchasing an additional 1,155 shares during the last quarter. Finally, Sandy Spring Bank increased its position in shares of Xcel Energy by 56.6% during the 3rd quarter. Sandy Spring Bank now owns 3,761 shares of the utilities provider’s stock valued at $178,000 after purchasing an additional 1,360 shares during the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.
In related news, EVP Marvin E. Jr. Mcdaniel sold 5,176 shares of Xcel Energy stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $51.07, for a total value of $264,338.32. Following the completion of the sale, the executive vice president now owns 81,371 shares of the company’s stock, valued at approximately $4,155,616.97. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.22% of the company’s stock.
Several equities research analysts have recently issued reports on XEL shares. Bank of America started coverage on Xcel Energy in a research report on Tuesday, October 24th. They set a “buy” rating and a $53.00 target price for the company. SunTrust Banks set a $42.00 target price on Xcel Energy and gave the company a “hold” rating in a research report on Wednesday, January 17th. ValuEngine raised Xcel Energy from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. UBS Group started coverage on Xcel Energy in a research report on Friday, February 2nd. They set a “neutral” rating and a $47.00 target price for the company. Finally, Zacks Investment Research raised Xcel Energy from a “sell” rating to a “hold” rating in a research report on Monday, January 15th. Nine analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $48.00.
Shares of Xcel Energy Inc (XEL) opened at $44.68 on Tuesday. Xcel Energy Inc has a twelve month low of $41.51 and a twelve month high of $52.22. The firm has a market capitalization of $22,690.00, a PE ratio of 19.77, a P/E/G ratio of 3.18 and a beta of 0.12. The company has a quick ratio of 0.68, a current ratio of 0.87 and a debt-to-equity ratio of 1.27.
Xcel Energy (NYSE:XEL) last announced its quarterly earnings data on Wednesday, February 7th. The utilities provider reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.01). Xcel Energy had a return on equity of 10.44% and a net margin of 10.06%. The firm had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.84 billion. During the same period last year, the business posted $0.45 EPS. The company’s revenue was up .0% compared to the same quarter last year. analysts forecast that Xcel Energy Inc will post 2.44 earnings per share for the current year.
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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.
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