Swiss National Bank trimmed its holdings in Xcel Energy Inc (NYSE:XEL) by 2.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,922,983 shares of the utilities provider’s stock after selling 71,500 shares during the quarter. Swiss National Bank owned about 0.57% of Xcel Energy worth $173,947,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in XEL. Dimensional Fund Advisors LP increased its stake in Xcel Energy by 8.6% in the fourth 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 period. Geode Capital Management LLC increased its stake in Xcel Energy by 12.5% in the fourth 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 period. Retirement Systems of Alabama increased its stake in Xcel Energy by 2.0% in the first 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 period. Nisa Investment Advisors LLC increased its stake in Xcel Energy by 10.9% in the first 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 period. Finally, Stock Yards Bank & Trust Co. acquired a new position in Xcel Energy in the first quarter valued at $205,000. 73.96% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have commented on XEL shares. KeyCorp started coverage on shares of Xcel Energy in a research note on Tuesday, June 4th. They issued an “overweight” rating and a $62.00 price objective on the stock. Morgan Stanley dropped their price objective on shares of Xcel Energy from $61.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Friday. Barclays lowered shares of Xcel Energy from an “overweight” rating to an “equal weight” rating and set a $64.00 price target on the stock. in a research note on Tuesday. They noted that the move was a valuation call. Argus boosted their price target on shares of Xcel Energy to $64.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Finally, Zacks Investment Research lowered shares of Xcel Energy from a “hold” rating to a “sell” rating and set a $64.00 price target on the stock. in a research note on Saturday, July 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $59.71.
In other news, CFO Robert Frenzel sold 4,400 shares of the business’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $58.60, for a total transaction of $257,840.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Kent T. Larson sold 5,000 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $58.43, for a total transaction of $292,150.00. Following the sale, the executive vice president now directly owns 100,354 shares in the company, valued at approximately $5,863,684.22. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 69,400 shares of company stock worth $4,112,790. Company insiders own 0.22% of the company’s stock.
Shares of Xcel Energy stock traded up $0.27 on Friday, reaching $61.80. 2,257,500 shares of the stock were exchanged, compared to its average volume of 3,223,927. Xcel Energy Inc has a 1-year low of $46.01 and a 1-year high of $62.17. The business has a fifty day moving average price of $60.69 and a two-hundred day moving average price of $57.50.
Xcel Energy (NYSE:XEL) last issued its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.07). The firm had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.84 billion. During the same quarter last year, the business posted $0.52 EPS. The firm’s revenue for the quarter was down 3.0% on a year-over-year basis.
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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