Wells Fargo & Company MN trimmed its holdings in Xcel Energy Inc (NYSE:XEL) by 1.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,008,683 shares of the utilities provider’s stock after selling 52,442 shares during the period. Wells Fargo & Company MN owned about 0.78% of Xcel Energy worth $189,249,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. IFM Investors Pty Ltd boosted its holdings in shares of Xcel Energy by 45.6% in the 2nd quarter. IFM Investors Pty Ltd now owns 22,618 shares of the utilities provider’s stock valued at $1,033,000 after acquiring an additional 7,084 shares during the last quarter. Dalton Greiner Hartman Maher & Co. boosted its holdings in shares of Xcel Energy by 301.1% in the 2nd quarter. Dalton Greiner Hartman Maher & Co. now owns 220,960 shares of the utilities provider’s stock valued at $10,093,000 after acquiring an additional 165,865 shares during the last quarter. Xact Kapitalforvaltning AB boosted its holdings in shares of Xcel Energy by 3.9% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 54,878 shares of the utilities provider’s stock valued at $2,507,000 after acquiring an additional 2,043 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Xcel Energy in the 2nd quarter valued at $580,000. Finally, Bank of Montreal Can boosted its holdings in shares of Xcel Energy by 12.0% in the 2nd quarter. Bank of Montreal Can now owns 720,081 shares of the utilities provider’s stock valued at $32,894,000 after acquiring an additional 77,128 shares during the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.
XEL opened at $49.51 on Friday. Xcel Energy Inc has a 1 year low of $41.51 and a 1 year high of $52.22.
The company also recently announced a quarterly dividend, which was paid on Saturday, October 20th. Investors of record on Friday, September 14th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 3.07%. The ex-dividend date of this dividend was Thursday, September 13th.
Several analysts have recently commented on XEL shares. Zacks Investment Research raised shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a report on Thursday, September 27th. Mizuho downgraded shares of Xcel Energy from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $48.50 to $47.00 in a report on Friday, November 2nd. Argus upped their price objective 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. Finally, Morgan Stanley upped their price objective on shares of Xcel Energy from $46.00 to $49.00 and gave the company an “overweight” rating in a report on Monday, July 16th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $49.40.
In other Xcel Energy news, SVP Judy M. Poferl sold 7,182 shares of the company’s stock in a transaction on Friday, September 7th. The shares were sold at an average price of $48.67, for a total transaction of $349,547.94. Following the completion of the transaction, the senior vice president now directly owns 25,460 shares in the company, valued at $1,239,138.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lynn Casey acquired 1,000 shares of Xcel Energy stock in a transaction on Wednesday, September 5th. The shares were bought at an average price of $48.89 per share, with a total value of $48,890.00. Following the completion of the transaction, the director now directly owns 3,131 shares of the company’s stock, valued at approximately $153,074.59. The disclosure for this purchase can be found here. Insiders own 0.22% of the company’s stock.
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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