State of Alaska Department of Revenue lifted its holdings in Xcel Energy Inc (NYSE:XEL) by 6.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 457,324 shares of the utilities provider’s stock after acquiring an additional 29,400 shares during the period. State of Alaska Department of Revenue’s holdings in Xcel Energy were worth $22,531,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in the stock. Moody National Bank Trust Division grew its stake in shares of Xcel Energy by 9.1% in the fourth quarter. Moody National Bank Trust Division now owns 3,876 shares of the utilities provider’s stock valued at $191,000 after acquiring an additional 322 shares in the last quarter. Chesley Taft & Associates LLC acquired a new stake in Xcel Energy during the fourth quarter worth about $202,000. CenturyLink Investment Management Co grew its stake in Xcel Energy by 8.8% during the fourth quarter. CenturyLink Investment Management Co now owns 31,403 shares of the utilities provider’s stock worth $1,547,000 after buying an additional 2,549 shares in the last quarter. Vanguard Group Inc grew its stake in Xcel Energy by 1.5% during the third quarter. Vanguard Group Inc now owns 38,706,426 shares of the utilities provider’s stock worth $1,827,330,000 after buying an additional 578,219 shares in the last quarter. Finally, Central Bank & Trust Co. grew its stake in Xcel Energy by 4,660.1% during the third quarter. Central Bank & Trust Co. now owns 82,254 shares of the utilities provider’s stock worth $3,882,000 after buying an additional 80,526 shares in the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.
Shares of XEL stock traded up $0.80 on Thursday, reaching $49.26. The company had a trading volume of 499,632 shares, compared to its average volume of 4,376,800. Xcel Energy Inc has a one year low of $41.51 and a one year high of $54.11.
Xcel Energy (NYSE:XEL) last posted its earnings results on Thursday, October 25th. The utilities provider reported $0.96 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.02). The firm had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $3.08 billion.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, January 20th. Investors of record on Friday, December 28th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Thursday, December 27th. This represents a $1.52 dividend on an annualized basis and a yield of 3.09%.
A number of equities research analysts have issued reports on XEL shares. Morgan Stanley downgraded shares of 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. Zacks Investment Research upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research note on Thursday, September 27th. Argus increased their price objective on shares of Xcel Energy from $53.00 to $57.00 and gave the stock a “buy” rating in a research note on Wednesday, October 31st. Mizuho downgraded shares of 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. Finally, Barclays set a $54.00 price objective on shares of Xcel Energy and gave the stock a “buy” rating in a research note on Monday, November 19th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $49.60.
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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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