Shell Asset Management Co. lessened its stake in shares of Xcel Energy Inc (NYSE:XEL) by 4.9% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 106,071 shares of the utilities provider’s stock after selling 5,434 shares during the quarter. Shell Asset Management Co.’s holdings in Xcel Energy were worth $6,396,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of XEL. Magellan Asset Management Ltd lifted its stake in shares of Xcel Energy by 35.4% during the 4th quarter. Magellan Asset Management Ltd now owns 31,040,812 shares of the utilities provider’s stock worth $1,970,781,000 after buying an additional 8,116,737 shares during the last quarter. State Street Corp raised its stake in Xcel Energy by 5.4% in the 4th quarter. State Street Corp now owns 28,435,978 shares of the utilities provider’s stock worth $1,816,902,000 after purchasing an additional 1,444,840 shares in the last quarter. Ceredex Value Advisors LLC acquired a new stake in Xcel Energy in the 4th quarter worth about $69,745,000. Pictet Asset Management Ltd. raised its stake in Xcel Energy by 13.2% in the 4th quarter. Pictet Asset Management Ltd. now owns 6,133,215 shares of the utilities provider’s stock worth $389,398,000 after purchasing an additional 716,835 shares in the last quarter. Finally, UBS Group AG raised its stake in Xcel Energy by 198.9% in the 4th quarter. UBS Group AG now owns 971,509 shares of the utilities provider’s stock worth $61,681,000 after purchasing an additional 646,500 shares in the last quarter. Institutional investors own 73.96% of the company’s stock.
Several analysts have weighed in on the stock. Bank of America upgraded shares of Xcel Energy from an “underperform” rating to a “neutral” rating and set a $70.00 price objective for the company in a research note on Friday, January 31st. Mizuho lifted their price objective on shares of Xcel Energy from $53.00 to $63.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 15th. UBS Group dropped their price objective on shares of Xcel Energy from $75.00 to $65.00 and set a “neutral” rating for the company in a research note on Monday, March 16th. Cfra lifted their price objective on shares of Xcel Energy from $62.00 to $64.00 and gave the stock a “sell” rating in a research note on Thursday, January 30th. Finally, BMO Capital Markets started coverage on shares of Xcel Energy in a research note on Wednesday, February 19th. They issued a “market perform” rating and a $68.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company’s stock. Xcel Energy currently has an average rating of “Hold” and an average price target of $63.53.
Shares of Xcel Energy stock traded up $0.22 during midday trading on Friday, hitting $60.37. 2,006,844 shares of the company traded hands, compared to its average volume of 3,971,080. The firm’s fifty day moving average price is $62.29 and its 200-day moving average price is $63.50. Xcel Energy Inc has a 12 month low of $46.58 and a 12 month high of $72.14.
Xcel Energy (NYSE:XEL) last announced its quarterly earnings results on Thursday, May 7th. The utilities provider reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.03). The company had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $3.27 billion. The company’s revenue was down 10.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.61 earnings per share.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Monday, June 15th will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend is Friday, June 12th.
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.
Want to see what other hedge funds are holding XEL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xcel Energy Inc (NYSE:XEL).
Receive News & Ratings for Xcel Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xcel Energy and related companies with MarketBeat.com's FREE daily email newsletter.