Vaughan David Investments LLC IL Buys 6,871 Shares of Xcel Energy Inc (XEL)

Vaughan David Investments LLC IL increased its stake in shares of Xcel Energy Inc (NYSE:XEL) by 1.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 529,454 shares of the utilities provider’s stock after buying an additional 6,871 shares during the quarter. Vaughan David Investments LLC IL owned about 0.10% of Xcel Energy worth $24,996,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Korea Investment CORP grew its stake in shares of Xcel Energy by 43.7% in the third quarter. Korea Investment CORP now owns 242,083 shares of the utilities provider’s stock worth $11,429,000 after purchasing an additional 73,616 shares in the last quarter. Thomas White International Ltd. grew its stake in shares of Xcel Energy by 17.0% in the third quarter. Thomas White International Ltd. now owns 20,658 shares of the utilities provider’s stock worth $975,000 after purchasing an additional 3,000 shares in the last quarter. Rothschild & Co. Asset Management US Inc. grew its stake in shares of Xcel Energy by 5.7% in the third quarter. Rothschild & Co. Asset Management US Inc. now owns 1,186,888 shares of the utilities provider’s stock worth $56,033,000 after purchasing an additional 64,534 shares in the last quarter. Schroder Investment Management Group grew its stake in shares of Xcel Energy by 215.4% in the third quarter. Schroder Investment Management Group now owns 56,758 shares of the utilities provider’s stock worth $2,680,000 after purchasing an additional 38,765 shares in the last quarter. Finally, Trexquant Investment LP acquired a new stake in shares of Xcel Energy in the third quarter valued at $621,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

In related news, Director Lynn Casey bought 1,000 shares of Xcel Energy stock in a transaction dated Wednesday, September 5th. The stock was acquired at an average cost of $48.89 per share, with a total value of $48,890.00. Following the completion of the acquisition, the director now directly owns 3,131 shares in the company, valued at approximately $153,074.59. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 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 $1,239,138.20. The disclosure for this sale can be found here. Corporate insiders own 0.22% of the company’s stock.

Several brokerages have recently weighed in on XEL. Morgan Stanley lowered Xcel Energy from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $52.00 to $50.00 in a report on Friday, September 21st. Mizuho lowered Xcel Energy from a “buy” rating to a “neutral” rating and cut their price objective for the company from $48.50 to $47.00 in a report on Friday, November 2nd. Zacks Investment Research upgraded Xcel Energy from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a report on Thursday, September 27th. Barclays set a $54.00 price objective on Xcel Energy and gave the company a “buy” rating in a report on Monday, November 19th. Finally, Argus upped their price objective on Xcel Energy from $53.00 to $57.00 and gave the company a “buy” rating in a report on Wednesday, October 31st. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $50.00.

Shares of NYSE XEL opened at $50.86 on Friday. Xcel Energy Inc has a 12 month low of $41.51 and a 12 month high of $52.46.

Xcel Energy (NYSE:XEL) last announced its earnings results on Thursday, October 25th. The utilities provider reported $0.96 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.02). The firm had revenue of $3.05 billion during the quarter, compared to analyst estimates of $3.08 billion.

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

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