Nicolet Bankshares Inc. boosted its position in shares of Xcel Energy Inc (NYSE:XEL) by 2.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,724 shares of the utilities provider’s stock after buying an additional 164 shares during the period. Nicolet Bankshares Inc.’s holdings in Xcel Energy were worth $501,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Gradient Investments LLC boosted its stake in Xcel Energy by 71.6% during the third quarter. Gradient Investments LLC now owns 398 shares of the utilities provider’s stock valued at $26,000 after buying an additional 166 shares during the last quarter. Krane Funds Advisors LLC bought a new position in Xcel Energy during the second quarter valued at approximately $25,000. Manchester Financial Inc. bought a new position in Xcel Energy during the second quarter valued at approximately $26,000. Prestige Wealth Management Group LLC bought a new position in Xcel Energy during the second quarter valued at approximately $27,000. Finally, Dougherty Wealth Advisers LLC bought a new position in Xcel Energy during the second quarter valued at approximately $30,000. 73.96% of the stock is owned by institutional investors.
Shares of NYSE:XEL traded down $0.21 during trading on Tuesday, hitting $64.08. The company had a trading volume of 207,883 shares, compared to its average volume of 3,240,134. Xcel Energy Inc has a one year low of $47.44 and a one year high of $66.05. The company has a fifty day simple moving average of $64.15 and a two-hundred day simple moving average of $60.39.
The business also recently disclosed a quarterly dividend, which was paid on Sunday, October 20th. Stockholders of record on Friday, September 13th were paid a $0.405 dividend. This represents a $1.62 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend was Thursday, September 12th.
In other news, insider Christopher B. Clark sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $62.38, for a total value of $155,950.00. Following the completion of the sale, the insider now directly owns 16,560 shares of the company’s stock, valued at approximately $1,033,012.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kent T. Larson sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $64.25, for a total value of $1,606,250.00. Following the completion of the sale, the executive vice president now directly owns 75,354 shares of the company’s stock, valued at $4,841,494.50. The disclosure for this sale can be found here. Insiders sold a total of 49,382 shares of company stock valued at $3,133,045 over the last ninety days. Corporate insiders own 0.22% of the company’s stock.
A number of equities analysts recently commented on the company. Mizuho increased their price target on Xcel Energy from $50.00 to $64.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Bank of America lowered Xcel Energy from a “neutral” rating to an “underperform” rating and set a $62.00 price target for the company. in a research note on Monday, September 30th. UBS Group increased their price target on Xcel Energy from $63.00 to $66.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. Barclays lowered Xcel Energy from an “overweight” rating to an “equal weight” rating and set a $64.00 price target for the company. in a research note on Tuesday, August 13th. They noted that the move was a valuation call. Finally, KeyCorp increased their price target on Xcel Energy from $67.00 to $73.00 and gave the company an “overweight” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. Xcel Energy presently has a consensus rating of “Hold” and an average price target of $64.20.
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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