TCW Group Inc. reduced its holdings in Xcel Energy Inc (NYSE:XEL) by 8.2% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,341 shares of the utilities provider’s stock after selling 1,106 shares during the quarter. TCW Group Inc.’s holdings in Xcel Energy were worth $694,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Capital Investment Advisors LLC purchased a new stake in Xcel Energy during the 1st quarter valued at about $225,000. Signaturefd LLC boosted its holdings in Xcel Energy by 155.4% during the 1st quarter. Signaturefd LLC now owns 3,829 shares of the utilities provider’s stock valued at $215,000 after acquiring an additional 2,330 shares during the period. Centersquare Investment Management LLC purchased a new stake in Xcel Energy in the 1st quarter worth approximately $80,000. National Pension Service lifted its holdings in Xcel Energy by 4.2% in the 4th quarter. National Pension Service now owns 578,576 shares of the utilities provider’s stock worth $30,821,000 after buying an additional 23,319 shares during the period. Finally, Rational Advisors LLC lifted its holdings in Xcel Energy by 39.6% in the 1st quarter. Rational Advisors LLC now owns 2,081 shares of the utilities provider’s stock worth $117,000 after buying an additional 590 shares during the period. Institutional investors and hedge funds own 73.96% of the company’s stock.
In other news, CEO Benjamin G. S. Fowke III sold 50,000 shares of the stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $59.81, for a total value of $2,990,500.00. Following the completion of the transaction, the chief executive officer now owns 608,862 shares of the company’s stock, valued at approximately $36,416,036.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP David L. Eves sold 10,000 shares of the stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $57.23, for a total value of $572,300.00. Following the completion of the transaction, the executive vice president now directly owns 58,681 shares of the company’s stock, valued at approximately $3,358,313.63. The disclosure for this sale can be found here. Insiders sold a total of 65,000 shares of company stock valued at $3,854,950 in the last three months. Corporate insiders own 0.22% of the company’s stock.
XEL has been the subject of several research analyst reports. Argus increased their price objective on Xcel Energy to $64.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. KeyCorp initiated coverage on Xcel Energy in a report on Tuesday, June 4th. They issued an “overweight” rating and a $62.00 price objective for the company. Zacks Investment Research cut Xcel Energy from a “buy” rating to a “hold” rating in a report on Monday, March 18th. Finally, Wolfe Research set a $57.00 price objective on Xcel Energy and gave the stock a “hold” rating in a report on Friday, April 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. Xcel Energy has an average rating of “Hold” and a consensus price target of $55.13.
NYSE XEL traded down $0.21 on Thursday, hitting $59.31. The company’s stock had a trading volume of 105,196 shares, compared to its average volume of 3,205,192. Xcel Energy Inc has a 52-week low of $42.15 and a 52-week high of $60.56.
Xcel Energy (NYSE:XEL) last released its quarterly earnings data on Thursday, April 25th. The utilities provider reported $0.61 earnings per share for the quarter, hitting the consensus estimate of $0.61. The business had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $3.11 billion. During the same quarter last year, the business posted $0.57 EPS. The company’s quarterly revenue was up 6.4% compared to the same quarter last year.
The company also recently announced a quarterly dividend, which will be paid on Saturday, July 20th. Stockholders of record on Friday, June 14th will be given a $0.405 dividend. This represents a $1.62 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend is Thursday, June 13th.
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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.
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