State Board of Administration of Florida Retirement System Increases Stock Holdings in Xcel Energy Inc (NYSE:XEL)

State Board of Administration of Florida Retirement System lifted its stake in shares of Xcel Energy Inc (NYSE:XEL) by 0.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 750,898 shares of the utilities provider’s stock after buying an additional 5,362 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Xcel Energy were worth $44,671,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in XEL. Townsend & Associates Inc grew its stake in Xcel Energy by 0.6% during the 2nd quarter. Townsend & Associates Inc now owns 28,904 shares of the utilities provider’s stock valued at $1,755,000 after purchasing an additional 166 shares in the last quarter. 6 Meridian grew its stake in Xcel Energy by 1.8% during the 2nd quarter. 6 Meridian now owns 9,558 shares of the utilities provider’s stock valued at $569,000 after purchasing an additional 167 shares in the last quarter. Sandy Spring Bank grew its stake in Xcel Energy by 8.1% during the 1st quarter. Sandy Spring Bank now owns 2,425 shares of the utilities provider’s stock valued at $136,000 after purchasing an additional 182 shares in the last quarter. Advisor Partners LLC grew its stake in Xcel Energy by 1.4% during the 2nd quarter. Advisor Partners LLC now owns 14,057 shares of the utilities provider’s stock valued at $836,000 after purchasing an additional 188 shares in the last quarter. Finally, Canandaigua National Bank & Trust Co. grew its stake in Xcel Energy by 1.3% during the 1st quarter. Canandaigua National Bank & Trust Co. now owns 15,036 shares of the utilities provider’s stock valued at $845,000 after purchasing an additional 195 shares in the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

In related news, EVP Scott M. Wilensky sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $61.71, for a total transaction of $925,650.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP David L. Eves sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $57.23, for a total value of $572,300.00. Following the transaction, the executive vice president now owns 58,681 shares of the company’s stock, valued at approximately $3,358,313.63. The disclosure for this sale can be found here. Insiders have sold a total of 79,400 shares of company stock valued at $4,746,290 in the last 90 days. Insiders own 0.22% of the company’s stock.

XEL has been the subject of several research reports. Wolfe Research set a $57.00 target price on Xcel Energy and gave the stock a “hold” rating in a research report on Friday, April 26th. Barclays lowered Xcel Energy from an “overweight” rating to an “equal weight” rating and set a $64.00 target price for the company. in a research report on Tuesday, August 13th. They noted that the move was a valuation call. Zacks Investment Research lowered Xcel Energy from a “hold” rating to a “sell” rating and set a $64.00 target price for the company. in a research report on Saturday, July 27th. KeyCorp initiated coverage on Xcel Energy in a research report on Tuesday, June 4th. They issued an “overweight” rating and a $62.00 target price for the company. Finally, Morgan Stanley decreased their target price on Xcel Energy from $61.00 to $60.00 and set an “equal weight” rating for the company in a research report on Friday, August 16th. 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 company’s stock. The company has a consensus rating of “Hold” and an average target price of $59.71.

Shares of XEL traded up $0.08 during mid-day trading on Thursday, hitting $63.08. The stock had a trading volume of 51,036 shares, compared to its average volume of 3,222,375. The company’s fifty day simple moving average is $60.96 and its two-hundred day simple moving average is $57.68. Xcel Energy Inc has a fifty-two week low of $46.01 and a fifty-two week high of $63.03.

Xcel Energy (NYSE:XEL) last issued its earnings results on Thursday, August 1st. The utilities provider reported $0.46 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.07). The firm had revenue of $2.58 billion during the quarter, compared to the consensus estimate of $2.84 billion. The company’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period last year, the firm posted $0.52 EPS.

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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Institutional Ownership by Quarter for Xcel Energy (NYSE:XEL)

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