Xcel Energy Inc. (XEL) Holdings Lifted by Park Avenue Securities LLC
Park Avenue Securities LLC grew its position in Xcel Energy Inc. (NYSE:XEL) by 15.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,406 shares of the utilities provider’s stock after buying an additional 1,285 shares during the quarter. Park Avenue Securities LLC’s holdings in Xcel Energy were worth $445,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Assetmark Inc. boosted its holdings in shares of Xcel Energy by 118.9% in the third quarter. Assetmark Inc. now owns 2,191 shares of the utilities provider’s stock worth $104,000 after buying an additional 1,190 shares during the period. Parallel Advisors LLC boosted its holdings in shares of Xcel Energy by 1.6% in the second quarter. Parallel Advisors LLC now owns 2,227 shares of the utilities provider’s stock worth $105,000 after buying an additional 36 shares during the period. Carroll Financial Associates Inc. boosted its holdings in shares of Xcel Energy by 14.5% in the second quarter. Carroll Financial Associates Inc. now owns 2,365 shares of the utilities provider’s stock worth $108,000 after buying an additional 300 shares during the period. Sandy Spring Bank boosted its holdings in shares of Xcel Energy by 24.8% in the second quarter. Sandy Spring Bank now owns 2,401 shares of the utilities provider’s stock worth $110,000 after buying an additional 477 shares during the period. Finally, Dupont Capital Management Corp acquired a new position in shares of Xcel Energy in the second quarter worth about $135,000. Institutional investors own 72.86% of the company’s stock.
In other Xcel Energy news, Director Timothy V. Wolf sold 3,000 shares of Xcel Energy stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $49.48, for a total value of $148,440.00. Following the completion of the sale, the director now directly owns 3,700 shares in the company, valued at $183,076. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mark E. Stoering sold 20,187 shares of Xcel Energy stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $49.66, for a total transaction of $1,002,486.42. Following the completion of the sale, the insider now owns 48,424 shares of the company’s stock, valued at $2,404,735.84. The disclosure for this sale can be found here. 0.22% of the stock is owned by insiders.
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Xcel Energy Inc. (NYSE XEL) traded down $0.08 during mid-day trading on Thursday, hitting $50.53. 1,928,000 shares of the company traded hands, compared to its average volume of 2,596,306. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.68 and a current ratio of 0.87. The firm has a market capitalization of $25,620.00, a PE ratio of 21.63, a P/E/G ratio of 4.01 and a beta of 0.21. Xcel Energy Inc. has a twelve month low of $38.22 and a twelve month high of $52.22.
Xcel Energy (NYSE:XEL) last posted its earnings results on Thursday, October 26th. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.05. The firm had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $3.27 billion. Xcel Energy had a net margin of 10.40% and a return on equity of 10.63%. The company’s revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.90 earnings per share. analysts predict that Xcel Energy Inc. will post 2.31 EPS for the current fiscal year.
Several research firms recently commented on XEL. Mizuho restated a “hold” rating and set a $46.00 price target on shares of Xcel Energy in a report on Friday, September 29th. ValuEngine upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Jefferies Group LLC restated a “hold” rating and set a $50.00 price target on shares of Xcel Energy in a report on Thursday, August 31st. Bank of America Corporation began coverage on shares of Xcel Energy in a report on Tuesday, October 24th. They set a “buy” rating and a $53.00 price target for the company. Finally, BidaskClub upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Nine analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $48.91.
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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