Palladium Partners LLC increased its stake in Xcel Energy Inc (NYSE:XEL) by 2.4% in the fourth quarter, Holdings Channel reports. The firm owned 22,870 shares of the utilities provider’s stock after purchasing an additional 530 shares during the period. Palladium Partners LLC’s holdings in Xcel Energy were worth $1,452,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in XEL. JJJ Advisors Inc. purchased a new stake in Xcel Energy during the 3rd quarter valued at about $28,000. Manchester Financial Inc. acquired a new position in shares of Xcel Energy in the fourth quarter valued at about $28,000. Braun Bostich & Associates Inc. acquired a new position in shares of Xcel Energy in the fourth quarter valued at about $28,000. Gs Investments Inc. raised its stake in shares of Xcel Energy by 404.0% in the third quarter. Gs Investments Inc. now owns 504 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 404 shares during the last quarter. Finally, Capital Advisors Ltd. LLC purchased a new position in shares of Xcel Energy in the third quarter worth about $40,000. Institutional investors own 73.96% of the company’s stock.
XEL stock traded up $0.43 during trading on Friday, hitting $70.25. 207,603 shares of the company traded hands, compared to its average volume of 2,933,457. The stock’s 50-day simple moving average is $65.76 and its 200 day simple moving average is $63.47. Xcel Energy Inc has a 1 year low of $53.04 and a 1 year high of $69.89.
Xcel Energy (NYSE:XEL) last released its quarterly earnings data on Thursday, January 30th. The utilities provider reported $0.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.03. The company had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $3.04 billion. During the same quarter in the prior year, the company posted $0.42 EPS. The company’s revenue for the quarter was down 2.8% on a year-over-year basis.
The company also recently announced a quarterly dividend, which was paid on Monday, January 20th. Stockholders of record on Thursday, December 26th were issued a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend was Tuesday, December 24th.
A number of brokerages recently commented on XEL. Goldman Sachs Group began coverage on Xcel Energy in a research report on Sunday, December 15th. They issued a “neutral” rating and a $59.00 target price on the stock. KeyCorp cut their price target on shares of Xcel Energy from $73.00 to $66.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Cfra raised their price target on shares of Xcel Energy from $62.00 to $64.00 and gave the stock a “sell” rating in a research report on Thursday, January 30th. Bank of America upgraded shares of Xcel Energy from an “underperform” rating to a “neutral” rating and set a $70.00 price objective for the company in a research note on Friday, January 31st. Finally, Wells Fargo & Co upped their price objective on shares of Xcel Energy from $70.00 to $77.00 and gave the company an “overweight” rating in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $64.85.
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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