Oppenheimer & Co. Inc. boosted its stake in Xcel Energy Inc (NYSE:XEL) by 5.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,959 shares of the utilities provider’s stock after buying an additional 1,270 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Xcel Energy were worth $1,291,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of XEL. Thompson Investment Management Inc. lifted its position in Xcel Energy by 7.0% in the first quarter. Thompson Investment Management Inc. now owns 6,004 shares of the utilities provider’s stock valued at $337,000 after acquiring an additional 395 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Xcel Energy in the first quarter valued at about $919,000. Hanson & Doremus Investment Management raised its holdings in shares of Xcel Energy by 34.2% in the first quarter. Hanson & Doremus Investment Management now owns 2,911 shares of the utilities provider’s stock valued at $164,000 after buying an additional 742 shares during the last quarter. G&S Capital LLC raised its holdings in shares of Xcel Energy by 171.8% in the first quarter. G&S Capital LLC now owns 2,264 shares of the utilities provider’s stock valued at $127,000 after buying an additional 1,431 shares during the last quarter. Finally, Chicago Partners Investment Group LLC purchased a new stake in shares of Xcel Energy in the first quarter valued at about $219,000. 73.96% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:XEL traded down $0.10 during trading hours on Friday, reaching $58.99. 1,575,579 shares of the company were exchanged, compared to its average volume of 3,263,143. Xcel Energy Inc has a 52-week low of $41.99 and a 52-week high of $59.62.
Xcel Energy (NYSE:XEL) last released its quarterly earnings data on Thursday, April 25th. The utilities provider reported $0.61 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.61. The business had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.11 billion. During the same period in the previous year, the company earned $0.57 EPS. Xcel Energy’s revenue was up 6.4% on a year-over-year basis.
The firm also recently disclosed 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 2.75%. The ex-dividend date of this dividend is Thursday, June 13th.
In other Xcel Energy news, SVP Judy M. Poferl sold 8,953 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $55.86, for a total transaction of $500,114.58. Following the completion of the transaction, the senior vice president now directly owns 8,855 shares of the company’s stock, valued at approximately $494,640.30. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Benjamin G. S. Fowke III sold 75,000 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $55.13, for a total transaction of $4,134,750.00. The disclosure for this sale can be found here. Insiders sold 88,953 shares of company stock valued at $4,927,015 in the last three months. Company insiders own 0.22% of the company’s stock.
XEL has been the subject of a number of research reports. Argus upped their target price on shares of Xcel Energy to $64.00 and gave the company a “buy” rating in a report on Thursday. Zacks Investment Research upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research report on Monday, February 4th. Finally, Wolfe Research set a $57.00 target price on shares of Xcel Energy and gave the stock a “hold” rating in a research report on Friday, April 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Xcel Energy currently has an average rating of “Hold” and a consensus target price of $54.14.
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.
Further Reading: Gross Domestic Product (GDP)
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