Psagot Investment House Ltd. bought a new stake in shares of Xcel Energy Inc (NYSE:XEL) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 2,640 shares of the utilities provider’s stock, valued at approximately $125,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its stake in Xcel Energy by 79.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 40,184 shares of the utilities provider’s stock valued at $1,836,000 after buying an additional 17,825 shares during the last quarter. Captrust Financial Advisors increased its stake in shares of Xcel Energy by 4.3% in the 2nd quarter. Captrust Financial Advisors now owns 60,219 shares of the utilities provider’s stock worth $2,773,000 after purchasing an additional 2,476 shares in the last quarter. Sigma Planning Corp increased its stake in shares of Xcel Energy by 49.3% in the 2nd quarter. Sigma Planning Corp now owns 23,791 shares of the utilities provider’s stock worth $1,087,000 after purchasing an additional 7,852 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Xcel Energy in the 2nd quarter worth $2,433,000. Finally, California Public Employees Retirement System increased its stake in shares of Xcel Energy by 17.9% in the 2nd quarter. California Public Employees Retirement System now owns 1,564,266 shares of the utilities provider’s stock worth $71,456,000 after purchasing an additional 237,724 shares in the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.
XEL has been the subject of several analyst reports. Argus upped their price objective on Xcel Energy from $53.00 to $57.00 and gave the stock a “buy” rating in a research note on Wednesday, October 31st. Zacks Investment Research upgraded Xcel Energy from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research note on Thursday, September 27th. Morgan Stanley lowered Xcel Energy from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $52.00 to $50.00 in a research note on Friday, September 21st. Finally, Mizuho lowered Xcel Energy from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $48.50 to $47.00 in a research note on Friday, November 2nd. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $49.40.
Xcel Energy (NYSE:XEL) last posted its quarterly earnings data on Thursday, October 25th. The utilities provider reported $0.96 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.02). The firm had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $3.08 billion.
The company also recently announced a quarterly dividend, which was paid on Saturday, October 20th. Investors of record on Friday, September 14th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 3.02%. The ex-dividend date of this dividend was Thursday, September 13th.
In other news, Director Lynn Casey bought 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 5th. The stock was bought at an average price of $48.89 per share, with a total value of $48,890.00. Following the acquisition, the director now owns 3,131 shares of the company’s stock, valued at approximately $153,074.59. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $349,547.94. Following the completion of the transaction, the senior vice president now directly owns 25,460 shares of the company’s stock, valued at approximately $1,239,138.20. The disclosure for this sale can be found here. Corporate insiders own 0.22% of the company’s stock.
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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.
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