Chevy Chase Trust Holdings Inc. Acquires 5,421 Shares of Xcel Energy Inc. (XEL)

Chevy Chase Trust Holdings Inc. lifted its holdings in shares of Xcel Energy Inc. (NYSE:XEL) by 1.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 443,803 shares of the utilities provider’s stock after buying an additional 5,421 shares during the period. Chevy Chase Trust Holdings Inc. owned approximately 0.09% of Xcel Energy worth $21,000,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Assetmark Inc. boosted its stake in shares of Xcel Energy by 118.9% during the third quarter. Assetmark Inc. now owns 2,191 shares of the utilities provider’s stock worth $104,000 after buying an additional 1,190 shares during the period. Parallel Advisors LLC boosted its stake in shares of Xcel Energy by 1.6% during the second quarter. Parallel Advisors LLC now owns 2,227 shares of the utilities provider’s stock worth $105,000 after buying an additional 36 shares during the period. Sandy Spring Bank boosted its stake in shares of Xcel Energy by 24.8% during the second quarter. Sandy Spring Bank now owns 2,401 shares of the utilities provider’s stock worth $110,000 after buying an additional 477 shares during the period. BB&T Investment Services Inc. boosted its stake in shares of Xcel Energy by 73.3% during the third quarter. BB&T Investment Services Inc. now owns 2,730 shares of the utilities provider’s stock worth $145,000 after buying an additional 1,155 shares during the period. Finally, Dupont Capital Management Corp acquired a new stake in shares of Xcel Energy during the second quarter worth about $135,000. Institutional investors and hedge funds own 73.41% of the company’s stock.

In other Xcel Energy news, EVP Marvin E. Jr. Mcdaniel sold 5,176 shares of the stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $51.07, for a total value of $264,338.32. Following the completion of the transaction, the executive vice president now directly owns 81,371 shares of the company’s stock, valued at $4,155,616.97. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Timothy V. Wolf sold 3,000 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $49.48, for a total transaction of $148,440.00. Following the completion of the transaction, the director now directly owns 3,700 shares of the company’s stock, valued at $183,076. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,363 shares of company stock valued at $1,415,265. 0.22% of the stock is currently owned by corporate insiders.

Shares of Xcel Energy Inc. (XEL) traded up $0.36 during trading hours on Monday, reaching $51.20. 2,742,100 shares of the company were exchanged, compared to its average volume of 2,594,033. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.68 and a current ratio of 0.87. The firm has a market capitalization of $25,997.46, a P/E ratio of 21.88, a P/E/G ratio of 4.06 and a beta of 0.21. Xcel Energy Inc. has a 1 year low of $39.20 and a 1 year high of $52.22.

Xcel Energy (NYSE:XEL) last announced its quarterly earnings data on Thursday, October 26th. The utilities provider reported $0.97 EPS for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.05. Xcel Energy had a net margin of 10.40% and a return on equity of 10.63%. The firm had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $3.27 billion. During the same quarter last year, the firm earned $0.90 earnings per share. The firm’s revenue was down .8% compared to the same quarter last year. analysts predict that Xcel Energy Inc. will post 2.31 earnings per share for the current fiscal year.

A number of equities research analysts recently commented on the stock. Bank of America assumed coverage on shares of Xcel Energy in a research report on Tuesday, October 24th. They issued a “buy” rating and a $53.00 price objective for the company. BidaskClub upgraded shares of Xcel Energy from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 23rd. Zacks Investment Research upgraded shares of Xcel Energy from a “sell” rating to a “hold” rating in a research report on Friday, October 13th. SunTrust Banks restated a “hold” rating and issued a $47.00 price objective on shares of Xcel Energy in a research report on Tuesday, October 24th. Finally, J P Morgan Chase & Co raised their price objective on shares of Xcel Energy from $51.00 to $53.00 and gave the company an “overweight” rating in a research report on Thursday, October 12th. Nine analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Xcel Energy currently has a consensus rating of “Hold” and a consensus target price of $49.00.

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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.

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

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