First PREMIER Bank lessened its position in shares of Xcel Energy Inc (NYSE:XEL) by 6.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 110,597 shares of the utilities provider’s stock after selling 8,173 shares during the period. Xcel Energy accounts for 3.7% of First PREMIER Bank’s holdings, making the stock its 5th biggest holding. First PREMIER Bank’s holdings in Xcel Energy were worth $5,321,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Neuberger Berman Group LLC increased its stake in Xcel Energy by 11.2% in the second quarter. Neuberger Berman Group LLC now owns 11,558 shares of the utilities provider’s stock valued at $530,000 after purchasing an additional 1,168 shares in the last quarter. Oppenheimer & Co. Inc. grew its holdings in shares of Xcel Energy by 36.4% during the second quarter. Oppenheimer & Co. Inc. now owns 14,967 shares of the utilities provider’s stock valued at $686,000 after buying an additional 3,997 shares during the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of Xcel Energy by 6.9% during the second quarter. Oppenheimer Asset Management Inc. now owns 11,035 shares of the utilities provider’s stock valued at $507,000 after buying an additional 715 shares during the last quarter. Private Advisor Group LLC grew its holdings in shares of Xcel Energy by 1.8% during the second quarter. Private Advisor Group LLC now owns 12,050 shares of the utilities provider’s stock valued at $549,000 after buying an additional 210 shares during the last quarter. Finally, Eaton Vance Management grew its holdings in shares of Xcel Energy by 0.8% during the second quarter. Eaton Vance Management now owns 22,487 shares of the utilities provider’s stock valued at $1,032,000 after buying an additional 185 shares during the last quarter. 73.31% of the stock is owned by institutional investors and hedge funds.
In other news, insider Mark E. Stoering sold 20,187 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $49.66, for a total value of $1,002,486.42. Following the sale, the insider now owns 48,424 shares of the company’s stock, valued at $2,404,735.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Timothy V. Wolf sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $49.48, for a total transaction of $148,440.00. Following the completion of the sale, the director now directly owns 3,700 shares in the company, valued at approximately $183,076. The disclosure for this sale can be found here. In the last three months, insiders sold 28,363 shares of company stock worth $1,415,265. Insiders own 0.22% of the company’s stock.
Xcel Energy (NYSE:XEL) last released its earnings results on Thursday, October 26th. The utilities provider reported $0.97 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.05. The firm had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $3.27 billion. Xcel Energy had a net margin of 10.40% and a return on equity of 10.63%. The company’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the previous year, the company earned $0.90 earnings per share. sell-side analysts expect that Xcel Energy Inc will post 2.31 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Saturday, January 20th. Shareholders of record on Thursday, December 28th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date of this dividend is Wednesday, December 27th. Xcel Energy’s payout ratio is 61.80%.
A number of research analysts have recently issued reports on XEL shares. Bank of America started coverage on shares of Xcel Energy in a report on Tuesday, October 24th. They set a “buy” rating and a $53.00 price objective for the company. Zacks Investment Research upgraded shares of Xcel Energy from a “sell” rating to a “hold” rating in a report on Friday, October 13th. JPMorgan Chase & Co. boosted their price target on shares of Xcel Energy from $51.00 to $53.00 and gave the stock an “overweight” rating in a report on Thursday, October 12th. SunTrust Banks restated a “hold” rating and set a $47.00 price target on shares of Xcel Energy in a report on Tuesday, October 24th. Finally, ValuEngine upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $49.09.
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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