Bank of New York Mellon Corp increased its holdings in Xcel Energy Inc (NYSE:XEL) by 0.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,483,380 shares of the utilities provider’s stock after purchasing an additional 10,286 shares during the period. Bank of New York Mellon Corp’s holdings in Xcel Energy were worth $159,120,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of XEL. State Treasurer State of Michigan raised its holdings in shares of Xcel Energy by 0.7% during the 2nd quarter. State Treasurer State of Michigan now owns 150,634 shares of the utilities provider’s stock worth $6,881,000 after acquiring an additional 1,100 shares in the last quarter. BB&T Securities LLC raised its holdings in shares of Xcel Energy by 25.2% during the 2nd quarter. BB&T Securities LLC now owns 5,700 shares of the utilities provider’s stock worth $260,000 after acquiring an additional 1,146 shares in the last quarter. GWM Advisors LLC raised its holdings in shares of Xcel Energy by 7.8% during the 2nd quarter. GWM Advisors LLC now owns 17,265 shares of the utilities provider’s stock worth $798,000 after acquiring an additional 1,251 shares in the last quarter. First Allied Advisory Services Inc. raised its holdings in shares of Xcel Energy by 6.5% during the 2nd quarter. First Allied Advisory Services Inc. now owns 21,134 shares of the utilities provider’s stock worth $963,000 after acquiring an additional 1,299 shares in the last quarter. Finally, Vident Investment Advisory LLC raised its holdings in shares of Xcel Energy by 8.3% during the 2nd quarter. Vident Investment Advisory LLC now owns 19,370 shares of the utilities provider’s stock worth $885,000 after acquiring an additional 1,489 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors.
Several analysts have recently issued reports on XEL shares. Barclays started coverage on Xcel Energy in a report on Tuesday, July 10th. They set an “overweight” rating and a $53.00 price target on the stock. Zacks Investment Research upgraded Xcel Energy from a “sell” rating to a “hold” rating in a report on Monday, July 16th. Morgan Stanley increased their price target on Xcel Energy from $49.00 to $52.00 and gave the company an “overweight” rating in a report on Tuesday, September 11th. Mizuho lowered Xcel Energy from a “buy” rating to a “neutral” rating and decreased their price target for the company from $48.50 to $47.00 in a report on Friday. Finally, Argus increased their price target on Xcel Energy from $53.00 to $57.00 and gave the company a “buy” rating in a report on Wednesday, October 31st. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Xcel Energy presently has a consensus rating of “Hold” and a consensus target price of $49.40.
Xcel Energy (NYSE:XEL) last released its quarterly earnings results on Thursday, October 25th. The utilities provider reported $0.96 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.98 by ($0.02). The company had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $3.08 billion.
The business also recently declared a quarterly dividend, which was paid on Saturday, October 20th. Investors of record on Friday, September 14th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, September 13th. This represents a $1.52 annualized dividend and a yield of 3.19%.
In other Xcel Energy news, SVP Judy M. Poferl sold 7,182 shares of the company’s stock in a transaction on Friday, September 7th. The stock was sold at an average price of $48.67, for a total value of $349,547.94. Following the transaction, the senior vice president now owns 25,460 shares of the company’s stock, valued at approximately $1,239,138.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lynn Casey acquired 1,000 shares of the business’s stock in a transaction on Wednesday, September 5th. The stock was acquired at an average cost of $48.89 per share, for a total transaction of $48,890.00. Following the transaction, the director now directly owns 3,131 shares in the company, valued at $153,074.59. The disclosure for this purchase can be found here. Corporate insiders own 0.22% of the company’s stock.
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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