Martingale Asset Management L P Has $11.24 Million Holdings in Xcel Energy Inc (XEL)

Martingale Asset Management L P raised its position in shares of Xcel Energy Inc (NYSE:XEL) by 38.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 238,136 shares of the utilities provider’s stock after purchasing an additional 65,605 shares during the quarter. Martingale Asset Management L P’s holdings in Xcel Energy were worth $11,243,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. State Treasurer State of Michigan lifted its holdings in shares of Xcel Energy by 0.7% in the second quarter. State Treasurer State of Michigan now owns 150,634 shares of the utilities provider’s stock worth $6,881,000 after buying an additional 1,100 shares in the last quarter. DNB Asset Management AS lifted its holdings in shares of Xcel Energy by 4.0% in the third quarter. DNB Asset Management AS now owns 28,400 shares of the utilities provider’s stock worth $1,341,000 after buying an additional 1,100 shares in the last quarter. Asset Planning Services Inc. LA ADV lifted its holdings in shares of Xcel Energy by 1.1% in the third quarter. Asset Planning Services Inc. LA ADV now owns 97,028 shares of the utilities provider’s stock worth $4,581,000 after buying an additional 1,100 shares in the last quarter. BB&T Securities LLC lifted its holdings in shares of Xcel Energy by 25.2% in the second quarter. BB&T Securities LLC now owns 5,700 shares of the utilities provider’s stock worth $260,000 after buying an additional 1,146 shares in the last quarter. Finally, Raymond James Trust N.A. lifted its holdings in shares of Xcel Energy by 16.8% in the third quarter. Raymond James Trust N.A. now owns 8,422 shares of the utilities provider’s stock worth $398,000 after buying an additional 1,213 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Shares of XEL opened at $50.75 on Friday. Xcel Energy Inc has a fifty-two week low of $41.51 and a fifty-two week high of $52.46.

Xcel Energy (NYSE:XEL) last announced its quarterly earnings results on Thursday, October 25th. The utilities provider reported $0.96 earnings per share for the quarter, missing the 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.

In other Xcel Energy news, Director Lynn Casey purchased 1,000 shares of Xcel Energy stock in a transaction that occurred on Wednesday, September 5th. The shares were bought at an average price 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Judy M. Poferl sold 7,182 shares of the business’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 transaction, the senior vice president now owns 25,460 shares in the company, valued at approximately $1,239,138.20. The disclosure for this sale can be found here. Insiders own 0.22% of the company’s stock.

Several research firms have recently commented on XEL. Barclays set a $54.00 target price on shares of Xcel Energy and gave the stock a “buy” rating in a report on Monday. Zacks Investment Research downgraded shares of Xcel Energy from a “buy” rating to a “hold” rating in a report on Saturday, November 17th. Argus boosted their target price on shares of Xcel Energy from $53.00 to $57.00 and gave the stock a “buy” rating in a report on Wednesday, October 31st. Morgan Stanley boosted their target price on shares of Xcel Energy from $49.00 to $52.00 and gave the stock an “overweight” rating in a report on Tuesday, September 11th. Finally, Mizuho downgraded shares of Xcel Energy from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $48.50 to $47.00 in a report on Friday, November 2nd. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Xcel Energy has a consensus rating of “Hold” and an average price target of $50.00.

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

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