Crabel Capital Management LLC raised its position in Xcel Energy Inc (NYSE:XEL) by 52.9% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 6,825 shares of the utilities provider’s stock after buying an additional 2,361 shares during the period. Crabel Capital Management LLC’s holdings in Xcel Energy were worth $406,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Oregon Public Employees Retirement Fund raised its stake in shares of Xcel Energy by 17.3% during the second quarter. Oregon Public Employees Retirement Fund now owns 125,777 shares of the utilities provider’s stock worth $7,482,000 after buying an additional 18,520 shares during the last quarter. Carillon Tower Advisers Inc. lifted its stake in Xcel Energy by 202.6% in the second quarter. Carillon Tower Advisers Inc. now owns 1,349,000 shares of the utilities provider’s stock valued at $80,252,000 after buying an additional 903,125 shares during the period. Centersquare Investment Management LLC bought a new position in Xcel Energy during the first quarter worth about $80,000. Signaturefd LLC boosted its holdings in Xcel Energy by 155.4% during the first quarter. Signaturefd LLC now owns 3,829 shares of the utilities provider’s stock worth $215,000 after buying an additional 2,330 shares during the last quarter. Finally, CIBC Private Wealth Group LLC grew its position in shares of Xcel Energy by 21.3% during the 2nd quarter. CIBC Private Wealth Group LLC now owns 33,609 shares of the utilities provider’s stock worth $2,000,000 after buying an additional 5,894 shares during the period. Hedge funds and other institutional investors own 73.96% of the company’s stock.
In other Xcel Energy news, insider Mark E. Stoering sold 4,882 shares of Xcel Energy stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $64.87, for a total value of $316,695.34. Following the transaction, the insider now owns 51,797 shares of the company’s stock, valued at $3,360,071.39. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Christopher B. Clark sold 2,000 shares of Xcel Energy stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $64.25, for a total transaction of $128,500.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 46,882 shares of company stock valued at $2,977,095. 0.22% of the stock is owned by company insiders.
XEL stock traded down $0.28 during midday trading on Wednesday, hitting $62.71. 66,934 shares of the company’s stock were exchanged, compared to its average volume of 3,222,608. Xcel Energy Inc has a one year low of $46.01 and a one year high of $66.05. The stock’s fifty day moving average price is $62.20 and its 200-day moving average price is $58.75.
Xcel Energy (NYSE:XEL) last announced its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.07). The business had revenue of $2.58 billion during the quarter, compared to the consensus estimate of $2.84 billion. Xcel Energy’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.52 EPS.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, October 20th. Investors of record on Friday, September 13th will be given a $0.405 dividend. The ex-dividend date is Thursday, September 12th. This represents a $1.62 annualized dividend and a dividend yield of 2.58%.
A number of brokerages have recently commented on XEL. UBS Group upped their price target on Xcel Energy from $63.00 to $66.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. Argus lifted their price objective on shares of Xcel Energy to $64.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. SunTrust Banks set a $63.00 price objective on shares of Xcel Energy and gave the company a “hold” rating in a report on Tuesday, September 3rd. Morgan Stanley upped their target price on shares of Xcel Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a research note on Friday, September 6th. Finally, Barclays lowered shares of Xcel Energy from an “overweight” rating to an “equal weight” rating and set a $64.00 target price on the stock. in a report on Tuesday, August 13th. They noted that the move was a valuation call. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $61.33.
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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