TRUE Private Wealth Advisors Invests $127,000 in Xcel Energy Inc (XEL) Stock

TRUE Private Wealth Advisors acquired a new position in shares of Xcel Energy Inc (NYSE:XEL) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 2,680 shares of the utilities provider’s stock, valued at approximately $127,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in XEL. Scout Investments Inc. purchased a new position in Xcel Energy during the 2nd quarter worth $54,838,000. Millennium Management LLC increased its holdings in shares of Xcel Energy by 1,682.1% in the 1st quarter. Millennium Management LLC now owns 1,075,362 shares of the utilities provider’s stock valued at $48,907,000 after acquiring an additional 1,015,020 shares during the period. Carillon Tower Advisers Inc. purchased a new position in shares of Xcel Energy in the 2nd quarter valued at $35,271,000. Morgan Stanley increased its holdings in shares of Xcel Energy by 61.5% in the 2nd quarter. Morgan Stanley now owns 2,016,168 shares of the utilities provider’s stock valued at $92,098,000 after acquiring an additional 767,419 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in shares of Xcel Energy by 6.4% in the 2nd quarter. Victory Capital Management Inc. now owns 3,986,369 shares of the utilities provider’s stock valued at $182,097,000 after acquiring an additional 238,628 shares during the period. Institutional investors own 73.96% of the company’s stock.

Shares of NYSE:XEL opened at $49.13 on Friday. Xcel Energy Inc has a 12-month low of $41.51 and a 12-month high of $52.22. The company has a quick ratio of 0.68, a current ratio of 0.87 and a debt-to-equity ratio of 1.27.

Xcel Energy (NYSE:XEL) last announced its quarterly earnings results on Thursday, July 26th. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.05. Xcel Energy had a return on equity of 10.44% and a net margin of 10.06%. The business had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.71 billion. During the same period last year, the business posted $0.45 EPS. The business’s revenue was up .5% compared to the same quarter last year. As a group, research analysts anticipate that Xcel Energy Inc will post 2.44 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, October 20th. Stockholders of record on Friday, September 14th were given a $0.38 dividend. The ex-dividend date of this dividend was Thursday, September 13th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.09%.

XEL has been the topic of a number of analyst reports. Zacks Investment Research upgraded Xcel Energy from a “sell” rating to a “hold” rating in a report on Monday, July 16th. Bank of America reiterated a “neutral” rating on shares of Xcel Energy in a report on Wednesday, June 27th. Morgan Stanley lifted their price target on Xcel Energy from $49.00 to $52.00 and gave the company an “overweight” rating in a report on Tuesday, September 11th. Finally, Barclays initiated coverage on Xcel Energy in a report on Tuesday, July 10th. They issued an “overweight” rating and a $53.00 price target on the stock. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Xcel Energy presently has a consensus rating of “Buy” and an average price target of $48.22.

In other Xcel Energy news, Director Lynn Casey acquired 1,000 shares of the stock in a transaction dated Wednesday, September 5th. The stock was purchased at an average price of $48.89 per share, with a total value of $48,890.00. Following the transaction, the director now directly owns 3,131 shares of the company’s stock, valued at $153,074.59. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Judy M. Poferl sold 7,182 shares of the firm’s stock in a transaction on Friday, September 7th. The stock was sold at an average price of $48.67, for a total value of $349,547.94. Following the completion of the sale, the senior vice president now directly owns 25,460 shares of the company’s stock, valued at approximately $1,239,138.20. The disclosure for this sale can be found here. 0.22% of the stock is owned by company insiders.

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.

Featured Story: Intrinsic Value

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

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