Psagot Investment House Ltd. lowered its holdings in Xcel Energy Inc (NYSE:XEL) by 10.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,000 shares of the utilities provider’s stock after selling 1,840 shares during the quarter. Psagot Investment House Ltd.’s holdings in Xcel Energy were worth $843,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in XEL. Capital Investment Advisory Services LLC acquired a new position in Xcel Energy during the 4th quarter worth $25,000. Claybrook Capital LLC purchased a new stake in Xcel Energy during the 4th quarter worth about $25,000. Altshuler Shaham Ltd purchased a new stake in Xcel Energy during the 4th quarter worth about $26,000. Bruderman Asset Management LLC purchased a new stake in Xcel Energy during the 4th quarter worth about $27,000. Finally, Group One Trading L.P. purchased a new stake in Xcel Energy during the 4th quarter worth about $32,000. 73.96% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have issued reports on XEL shares. Zacks Investment Research raised Xcel Energy from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a report on Monday, February 4th. Wolfe Research set a $57.00 target price on Xcel Energy and gave the company a “hold” rating in a report on Friday, April 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $53.14.
XEL traded up $0.43 on Wednesday, hitting $58.51. 3,242,838 shares of the company traded hands, compared to its average volume of 3,286,564. Xcel Energy Inc has a 12-month low of $41.99 and a 12-month high of $58.74.
Xcel Energy (NYSE:XEL) last released its earnings results on Thursday, April 25th. The utilities provider reported $0.61 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.61. The business had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.11 billion. During the same quarter in the previous year, the firm posted $0.57 EPS. The business’s revenue for the quarter was up 6.4% on a year-over-year basis.
The firm also recently announced a quarterly dividend, which will be paid on Saturday, July 20th. Shareholders of record on Friday, June 14th will be given a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend is Thursday, June 13th.
In related news, Chairman Benjamin G. S. Fowke III sold 75,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $55.13, for a total value of $4,134,750.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Kent T. Larson sold 5,000 shares of the stock in a transaction on Monday, May 20th. The shares were sold at an average price of $58.43, for a total value of $292,150.00. Following 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. In the last 90 days, insiders sold 88,953 shares of company stock worth $4,927,015. Insiders own 0.22% of the company’s stock.
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Xcel Energy Company 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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