Homrich & Berg boosted its stake in Xcel Energy Inc (NYSE:XEL) by 3.1% in the third quarter, Holdings Channel.com reports. The fund owned 22,979 shares of the utilities provider’s stock after buying an additional 691 shares during the quarter. Homrich & Berg’s holdings in Xcel Energy were worth $1,491,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently made changes to their positions in the company. LLBH Private Wealth Management LLC bought a new stake in Xcel Energy in the 2nd quarter valued at $25,000. Krane Funds Advisors LLC acquired a new stake in shares of Xcel Energy in the 2nd quarter valued at $25,000. Manchester Financial Inc. acquired a new stake in shares of Xcel Energy in the 2nd quarter valued at $26,000. Gradient Investments LLC boosted its stake in shares of Xcel Energy by 71.6% in the 3rd quarter. Gradient Investments LLC now owns 398 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 166 shares in the last quarter. Finally, Prestige Wealth Management Group LLC acquired a new stake in shares of Xcel Energy in the 2nd quarter valued at $27,000. 73.96% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have recently commented on XEL. Zacks Investment Research upgraded shares of Xcel Energy from a “sell” rating to a “hold” rating and set a $66.00 target price on the stock in a research note on Monday, August 26th. SunTrust Banks set a $63.00 target price on shares of Xcel Energy and gave the company a “hold” rating in a research note on Tuesday, September 3rd. Morgan Stanley boosted their target price on shares of Xcel Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a research note on Friday, September 6th. Bank of America downgraded shares of Xcel Energy from a “neutral” rating to an “underperform” rating and set a $62.00 target price on the stock. in a research note on Monday, September 30th. Finally, Barclays downgraded shares of Xcel Energy from an “overweight” rating to an “equal weight” rating and set a $64.00 target price on the stock. in a research note on Tuesday, August 13th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $64.20.
Xcel Energy (NYSE:XEL) last issued its quarterly earnings results on Thursday, October 24th. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.03 by ($0.02). The company had revenue of $3.01 billion for the quarter, compared to analyst estimates of $3.55 billion. The firm’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.96 EPS.
The business also recently declared a quarterly dividend, which was paid on Sunday, October 20th. Investors of record on Friday, September 13th were given a dividend of $0.405 per share. The ex-dividend date was Thursday, September 12th. This represents a $1.62 annualized dividend and a yield of 2.63%.
In related news, EVP Scott M. Wilensky sold 15,000 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $61.71, for a total transaction of $925,650.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Kent T. Larson sold 25,000 shares of the company’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $64.25, for a total transaction of $1,606,250.00. Following the transaction, the executive vice president now owns 75,354 shares in the company, valued at approximately $4,841,494.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 49,382 shares of company stock worth $3,133,045. 0.22% of the stock is owned by corporate insiders.
Xcel Energy Company 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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