Next Capital Management LLC Lowers Stake in Xcel Energy Inc (NYSE:XEL)

Next Capital Management LLC reduced its holdings in shares of Xcel Energy Inc (NYSE:XEL) by 62.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 434 shares of the utilities provider’s stock after selling 707 shares during the period. Next Capital Management LLC’s holdings in Xcel Energy were worth $26,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Dimensional Fund Advisors LP raised its position in Xcel Energy by 8.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,304,164 shares of the utilities provider’s stock valued at $64,256,000 after purchasing an additional 103,533 shares during the last quarter. Geode Capital Management LLC raised its position in Xcel Energy by 12.5% during the 4th quarter. Geode Capital Management LLC now owns 7,770,007 shares of the utilities provider’s stock valued at $382,256,000 after purchasing an additional 863,010 shares during the last quarter. Retirement Systems of Alabama raised its position in Xcel Energy by 2.0% during the 1st quarter. Retirement Systems of Alabama now owns 239,438 shares of the utilities provider’s stock valued at $13,459,000 after purchasing an additional 4,668 shares during the last quarter. Nisa Investment Advisors LLC raised its position in Xcel Energy by 10.9% during the 1st quarter. Nisa Investment Advisors LLC now owns 100,070 shares of the utilities provider’s stock valued at $5,625,000 after purchasing an additional 9,850 shares during the last quarter. Finally, Stock Yards Bank & Trust Co. bought a new position in shares of Xcel Energy in the 1st quarter worth approximately $205,000. 73.96% of the stock is currently owned by institutional investors.

Shares of NYSE:XEL traded up $0.27 during trading on Friday, hitting $61.80. The stock had a trading volume of 2,257,500 shares, compared to its average volume of 3,223,927. Xcel Energy Inc has a 12 month low of $46.01 and a 12 month high of $62.17. The firm’s fifty day moving average is $60.69 and its 200 day moving average is $57.50.

Xcel Energy (NYSE:XEL) last announced its earnings results on Thursday, August 1st. The utilities provider reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.07). The firm had revenue of $2.58 billion during the quarter, compared to analysts’ expectations of $2.84 billion. During the same period in the prior year, the company earned $0.52 earnings per share. The business’s quarterly revenue was down 3.0% on a year-over-year basis.

Several brokerages have recently issued reports on XEL. Argus increased their target price on Xcel Energy to $64.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. KeyCorp began coverage on Xcel Energy in a research report on Tuesday, June 4th. They issued an “overweight” rating and a $62.00 target price for the company. Zacks Investment Research lowered Xcel Energy from a “hold” rating to a “sell” rating and set a $64.00 target price for the company. in a research report on Saturday, July 27th. Morgan Stanley decreased their target price on Xcel Energy from $61.00 to $60.00 and set an “equal weight” rating for the company in a research report on Friday. Finally, Barclays lowered Xcel Energy from an “overweight” rating to an “equal weight” rating and set a $64.00 target price for the company. in a research report on Tuesday. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. Xcel Energy has an average rating of “Hold” and a consensus price target of $59.71.

In related news, CFO Robert Frenzel sold 4,400 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $58.60, for a total value of $257,840.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Kent T. Larson sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $58.43, for a total value of $292,150.00. Following the completion of the sale, the executive vice president now owns 100,354 shares in the company, valued at approximately $5,863,684.22. The disclosure for this sale can be found here. Insiders sold a total of 69,400 shares of company stock worth $4,112,790 in the last 90 days. 0.22% of the stock is currently owned by company insiders.

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

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