Xcel Energy Inc (NYSE:XEL) Shares Purchased by G&S Capital LLC

G&S Capital LLC raised its position in Xcel Energy Inc (NYSE:XEL) by 30.1% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 2,945 shares of the utilities provider’s stock after acquiring an additional 681 shares during the quarter. G&S Capital LLC’s holdings in Xcel Energy were worth $175,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings in Xcel Energy by 8.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,304,164 shares of the utilities provider’s stock worth $64,256,000 after acquiring an additional 103,533 shares during the last quarter. Geode Capital Management LLC grew its holdings in Xcel Energy by 12.5% in the 4th quarter. Geode Capital Management LLC now owns 7,770,007 shares of the utilities provider’s stock worth $382,256,000 after acquiring an additional 863,010 shares during the last quarter. Jane Street Group LLC bought a new stake in Xcel Energy in the 4th quarter worth $231,000. Sowell Financial Services LLC grew its holdings in Xcel Energy by 13.0% in the 4th quarter. Sowell Financial Services LLC now owns 4,840 shares of the utilities provider’s stock worth $238,000 after acquiring an additional 558 shares during the last quarter. Finally, Pinnacle Bank bought a new stake in Xcel Energy in the 4th quarter worth $87,000. 73.96% of the stock is owned by institutional investors.

In related news, EVP Kent T. Larson sold 5,000 shares of Xcel Energy stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $58.43, for a total transaction of $292,150.00. Following the completion of the transaction, the executive vice president now directly owns 100,354 shares of the company’s stock, valued at approximately $5,863,684.22. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Robert Frenzel sold 4,400 shares of Xcel Energy stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $58.60, for a total transaction of $257,840.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 69,400 shares of company stock valued at $4,112,790. Corporate insiders own 0.22% of the company’s stock.

Several equities research analysts have recently commented on the stock. Zacks Investment Research cut shares of ZEALAND PHARMA/S from a “buy” rating to a “hold” rating in a research report on Saturday. Barclays reaffirmed a “top pick” rating and issued a GBX 3,250 ($42.47) target price on shares of in a research report on Wednesday, June 19th. Wolfe Research set a $205.00 target price on shares of Raytheon and gave the stock a “buy” rating in a research report on Friday, April 26th. Morgan Stanley set a $18.00 target price on shares of PG&E and gave the stock a “hold” rating in a research report on Friday, June 14th. Finally, KeyCorp assumed coverage on shares of Southern in a research report on Tuesday, June 4th. They issued a “sector weight” rating for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $59.71.

Shares of NYSE:XEL traded down $0.54 on Wednesday, hitting $60.05. The company had a trading volume of 231,693 shares, compared to its average volume of 3,181,250. The stock’s 50-day moving average is $60.46. Xcel Energy Inc has a 1 year low of $45.87 and a 1 year high of $62.03.

The business also recently announced a quarterly dividend, which was paid on Saturday, July 20th. Stockholders of record on Friday, June 14th were given a $0.405 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $1.62 annualized dividend and a dividend yield of 2.70%.

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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