Psagot Investment House Ltd. Invests $125,000 in Xcel Energy Inc (XEL)

Psagot Investment House Ltd. acquired a new stake in shares of Xcel Energy Inc (NYSE:XEL) in the 3rd quarter, HoldingsChannel reports. The fund acquired 2,640 shares of the utilities provider’s stock, valued at approximately $125,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Treasurer State of Michigan lifted its holdings in shares of Xcel Energy by 0.7% in the 2nd quarter. State Treasurer State of Michigan now owns 150,634 shares of the utilities provider’s stock valued at $6,881,000 after acquiring an additional 1,100 shares during the last quarter. DNB Asset Management AS lifted its holdings in shares of Xcel Energy by 4.0% in the 3rd quarter. DNB Asset Management AS now owns 28,400 shares of the utilities provider’s stock valued at $1,341,000 after acquiring an additional 1,100 shares during the last quarter. BB&T Securities LLC lifted its holdings in shares of Xcel Energy by 25.2% in the 2nd quarter. BB&T Securities LLC now owns 5,700 shares of the utilities provider’s stock valued at $260,000 after acquiring an additional 1,146 shares during the last quarter. Raymond James Trust N.A. lifted its holdings in shares of Xcel Energy by 16.8% in the 3rd quarter. Raymond James Trust N.A. now owns 8,422 shares of the utilities provider’s stock valued at $398,000 after acquiring an additional 1,213 shares during the last quarter. Finally, GWM Advisors LLC lifted its holdings in shares of Xcel Energy by 7.8% in the 2nd quarter. GWM Advisors LLC now owns 17,265 shares of the utilities provider’s stock valued at $798,000 after acquiring an additional 1,251 shares during the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.

A number of research analysts recently commented on XEL shares. Argus increased their price target on shares of Xcel Energy from $53.00 to $57.00 and gave the company a “buy” rating in a report on Wednesday, October 31st. Zacks Investment Research raised shares of Xcel Energy from a “sell” rating to a “hold” rating in a research report on Monday, July 16th. Morgan Stanley increased their price objective on shares of Xcel Energy from $49.00 to $52.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 11th. Finally, Mizuho lowered shares of Xcel Energy from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $48.50 to $47.00 in a research report on Friday, November 2nd. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Xcel Energy currently has an average rating of “Hold” and an average price target of $49.40.

In related news, SVP Judy M. Poferl sold 7,182 shares of the stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $48.67, for a total value of $349,547.94. Following the sale, the senior vice president now directly owns 25,460 shares of the company’s stock, valued at approximately $1,239,138.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lynn Casey bought 1,000 shares of Xcel Energy stock in a transaction dated Wednesday, September 5th. The shares were bought at an average cost of $48.89 per share, for a total transaction of $48,890.00. Following the completion of the transaction, the director now owns 3,131 shares of the company’s stock, valued at approximately $153,074.59. The disclosure for this purchase can be found here. Corporate insiders own 0.22% of the company’s stock.

Xcel Energy stock opened at $50.34 on Friday. Xcel Energy Inc has a 1-year low of $41.51 and a 1-year high of $52.22.

Xcel Energy (NYSE:XEL) last posted its quarterly earnings data on Thursday, October 25th. The utilities provider reported $0.96 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.98 by ($0.02). The company had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $3.08 billion.

The company also recently disclosed a quarterly dividend, which was paid on Saturday, October 20th. Investors of record on Friday, September 14th were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend was Thursday, September 13th.

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

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