Xcel Energy Inc (XEL) Shares Bought by Thomas White International Ltd.

Thomas White International Ltd. raised its stake in Xcel Energy Inc (NYSE:XEL) by 17.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,658 shares of the utilities provider’s stock after buying an additional 3,000 shares during the period. Thomas White International Ltd.’s holdings in Xcel Energy were worth $975,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. BlackRock Inc. increased its holdings in shares of Xcel Energy by 1.7% in the 3rd quarter. BlackRock Inc. now owns 44,059,445 shares of the utilities provider’s stock worth $2,080,045,000 after buying an additional 752,647 shares during the last quarter. Boston Partners increased its holdings in shares of Xcel Energy by 3.0% in the 2nd quarter. Boston Partners now owns 5,957,623 shares of the utilities provider’s stock worth $272,145,000 after buying an additional 172,830 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Xcel Energy by 1.0% in the 3rd quarter. American Century Companies Inc. now owns 5,255,488 shares of the utilities provider’s stock worth $248,112,000 after buying an additional 52,950 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Xcel Energy by 4.4% in the 2nd quarter. Legal & General Group Plc now owns 4,778,106 shares of the utilities provider’s stock worth $218,242,000 after buying an additional 201,064 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of Xcel Energy by 6.2% in the 2nd quarter. Bank of America Corp DE now owns 4,055,913 shares of the utilities provider’s stock worth $185,274,000 after buying an additional 238,395 shares during the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms recently commented on XEL. Barclays set a $54.00 target price on shares of Xcel Energy and gave the company a “buy” rating in a report on Monday, November 19th. Zacks Investment Research lowered shares of Xcel Energy from a “buy” rating to a “hold” rating in a report on Saturday, November 17th. Argus increased their target price 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. Morgan Stanley increased their target price on shares of Xcel Energy from $49.00 to $52.00 and gave the company an “overweight” rating in a report on Tuesday, September 11th. Finally, Mizuho lowered shares of Xcel Energy from a “buy” rating to a “neutral” rating and reduced their target price for the company from $48.50 to $47.00 in a report on Friday, November 2nd. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Xcel Energy currently has an average rating of “Hold” and a consensus price target of $50.00.

XEL stock opened at $50.86 on Friday. Xcel Energy Inc has a 52 week low of $41.51 and a 52 week high of $52.46.

Xcel Energy (NYSE:XEL) last released its earnings results on Thursday, October 25th. The utilities provider reported $0.96 EPS for the quarter, missing the Thomson Reuters’ 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, SVP Judy M. Poferl sold 7,182 shares of the 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 sale, the senior vice president now owns 25,460 shares of the company’s stock, valued at approximately $1,239,138.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Lynn Casey purchased 1,000 shares of the company’s stock in a transaction on Wednesday, September 5th. The shares were purchased at an average cost of $48.89 per share, with a total value of $48,890.00. Following the transaction, the director now directly owns 3,131 shares in the company, valued at $153,074.59. The disclosure for this purchase can be found here. Corporate insiders own 0.22% of the company’s stock.

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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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