Sheets Smith Wealth Management decreased its holdings in Xcel Energy Inc (NYSE:XEL) by 14.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 35,475 shares of the utilities provider’s stock after selling 5,900 shares during the period. Sheets Smith Wealth Management’s holdings in Xcel Energy were worth $1,707,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Assetmark Inc. grew its position in Xcel Energy by 118.9% during the 3rd quarter. Assetmark Inc. now owns 2,191 shares of the utilities provider’s stock valued at $104,000 after purchasing an additional 1,190 shares during the last quarter. Sandy Spring Bank boosted its holdings in shares of Xcel Energy by 24.8% during the 2nd quarter. Sandy Spring Bank now owns 2,401 shares of the utilities provider’s stock valued at $110,000 after acquiring an additional 477 shares during the last quarter. Krilogy Financial LLC bought a new position in shares of Xcel Energy in the 3rd quarter worth approximately $127,000. BB&T Investment Services Inc. lifted its stake in shares of Xcel Energy by 73.3% in the 3rd quarter. BB&T Investment Services Inc. now owns 2,730 shares of the utilities provider’s stock worth $145,000 after purchasing an additional 1,155 shares during the period. Finally, Sun Life Financial INC lifted its stake in shares of Xcel Energy by 30,858.3% in the 2nd quarter. Sun Life Financial INC now owns 3,715 shares of the utilities provider’s stock worth $170,000 after purchasing an additional 3,703 shares during the period. 73.30% of the stock is owned by institutional investors.
A number of equities research analysts have commented on the stock. Zacks Investment Research cut shares of Xcel Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. SunTrust Banks reissued a “hold” rating and issued a $48.00 target price on shares of Xcel Energy in a report on Monday, December 4th. Morgan Stanley lifted their price objective on shares of Xcel Energy from $50.00 to $53.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 13th. ValuEngine raised shares of Xcel Energy from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Finally, Bank of America started coverage on Xcel Energy in a research report on Tuesday, October 24th. They set a “buy” rating and a $53.00 target price for the company. Ten equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Xcel Energy presently has a consensus rating of “Hold” and a consensus target price of $48.83.
Shares of Xcel Energy Inc (XEL) opened at $44.47 on Friday. The firm has a market capitalization of $22,580.00, a PE ratio of 19.09, a PEG ratio of 3.41 and a beta of 0.12. Xcel Energy Inc has a 52 week low of $40.43 and a 52 week high of $52.22. The company has a current ratio of 0.87, a quick ratio of 0.68 and a debt-to-equity ratio of 1.27.
The company also recently announced a quarterly dividend, which was paid on Saturday, January 20th. Investors of record on Thursday, December 28th were given a $0.36 dividend. The ex-dividend date of this dividend was Wednesday, December 27th. This represents a $1.44 dividend on an annualized basis and a yield of 3.24%. Xcel Energy’s dividend payout ratio is currently 61.80%.
In related news, insider Mark E. Stoering sold 20,187 shares of the stock in a transaction on Monday, November 6th. The stock was sold at an average price of $49.66, for a total value of $1,002,486.42. Following the completion of the transaction, the insider now directly owns 48,424 shares of the company’s stock, valued at approximately $2,404,735.84. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Marvin E. Jr. Mcdaniel sold 5,176 shares of the stock in a transaction on 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 disclosure for this sale can be found here. 0.22% of the stock is owned by corporate insiders.
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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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