Summit X LLC lowered its holdings in Xcel Energy Inc (NYSE:XEL) by 19.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,015 shares of the utilities provider’s stock after selling 1,470 shares during the quarter. Summit X LLC’s holdings in Xcel Energy were worth $388,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of XEL. First Trust Advisors LP raised its holdings in shares of Xcel Energy by 2.1% in the 1st quarter. First Trust Advisors LP now owns 1,141,363 shares of the utilities provider’s stock valued at $64,156,000 after buying an additional 23,738 shares during the period. Belpointe Asset Management LLC purchased a new stake in shares of Xcel Energy in the 1st quarter valued at $256,000. Nordea Investment Management AB raised its holdings in shares of Xcel Energy by 4.4% in the 1st quarter. Nordea Investment Management AB now owns 815,862 shares of the utilities provider’s stock valued at $45,857,000 after buying an additional 34,284 shares during the period. Laurel Wealth Advisors Inc. purchased a new stake in shares of Xcel Energy in the 1st quarter valued at $204,000. Finally, Horizon Investments LLC raised its holdings in shares of Xcel Energy by 201.4% in the 1st quarter. Horizon Investments LLC now owns 41,969 shares of the utilities provider’s stock valued at $2,359,000 after buying an additional 28,046 shares during the period. Institutional investors own 73.96% of the company’s stock.
In other news, insider Christopher B. Clark sold 2,500 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $62.38, for a total value of $155,950.00. Following the completion of the sale, the insider now directly owns 16,560 shares of the company’s stock, valued at approximately $1,033,012.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christopher B. Clark sold 2,000 shares of the business’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $64.25, for a total value of $128,500.00. 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. Insiders own 0.22% of the company’s stock.
XEL traded up $0.22 on Wednesday, hitting $63.37. 1,038,550 shares of the company were exchanged, compared to its average volume of 3,263,334. Xcel Energy Inc has a twelve month low of $47.44 and a twelve month high of $66.05. The firm has a 50-day moving average price of $64.17 and a two-hundred day moving average price of $60.16.
Xcel Energy (NYSE:XEL) last released its earnings results on Thursday, August 1st. The utilities provider reported $0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.07). The company had revenue of $2.58 billion during the quarter, compared to analysts’ expectations of $2.84 billion. Xcel Energy’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same period last year, the firm earned $0.52 earnings per share.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, October 20th. Stockholders of record on Friday, September 13th will be given a dividend of $0.405 per share. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $1.62 annualized dividend and a dividend yield of 2.56%.
Several equities research analysts recently issued reports on XEL shares. Bank of America downgraded Xcel Energy from a “neutral” rating to an “underperform” rating and set a $62.00 price objective on the stock. in a report on Monday, September 30th. Barclays cut Xcel Energy from an “overweight” rating to an “equal weight” rating and set a $64.00 target price for the company. in a research note on Tuesday, August 13th. They noted that the move was a valuation call. UBS Group boosted their target price on Xcel Energy from $63.00 to $66.00 and gave the stock a “neutral” rating in a research note on Friday, September 6th. SunTrust Banks set a $63.00 target price on Xcel Energy and gave the stock a “hold” rating in a research note on Tuesday, September 3rd. Finally, Morgan Stanley boosted their target price on Xcel Energy from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Friday, September 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. Xcel Energy presently has a consensus rating of “Hold” and an average price target of $63.10.
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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