KBC Group NV lowered its stake in shares of Xcel Energy Inc. (NYSE:XEL) by 48.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 53,322 shares of the utilities provider’s stock after selling 49,999 shares during the period. KBC Group NV’s holdings in Xcel Energy were worth $2,523,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Global X Management Co. LLC lifted its position in Xcel Energy by 25.8% during the second quarter. Global X Management Co. LLC now owns 18,665 shares of the utilities provider’s stock worth $856,000 after buying an additional 3,832 shares during the period. Wetherby Asset Management Inc. raised its holdings in shares of Xcel Energy by 44.8% in the 2nd quarter. Wetherby Asset Management Inc. now owns 7,727 shares of the utilities provider’s stock worth $355,000 after purchasing an additional 2,389 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in shares of Xcel Energy by 4.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,739,569 shares of the utilities provider’s stock worth $79,812,000 after purchasing an additional 80,793 shares during the period. Boston Partners raised its holdings in shares of Xcel Energy by 1.8% in the 2nd quarter. Boston Partners now owns 13,047 shares of the utilities provider’s stock worth $599,000 after purchasing an additional 228 shares during the period. Finally, National Planning Corp raised its holdings in shares of Xcel Energy by 34.9% in the 2nd quarter. National Planning Corp now owns 19,614 shares of the utilities provider’s stock worth $894,000 after purchasing an additional 5,078 shares during the period. 73.41% of the stock is currently owned by institutional investors and hedge funds.

In other Xcel Energy news, insider Mark E. Stoering sold 20,187 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The stock was 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 in the company, valued at approximately $2,404,735.84. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Timothy V. Wolf sold 3,000 shares of the firm’s 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 sale, the director now owns 3,700 shares of the company’s stock, valued at approximately $183,076. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,363 shares of company stock valued at $1,415,265. 0.22% of the stock is owned by insiders.

Shares of Xcel Energy Inc. (NYSE XEL) traded up $0.36 during trading hours on Friday, hitting $51.20. The company had a trading volume of 2,742,157 shares, compared to its average volume of 2,575,665. The stock has a market cap of $25,997.47, a P/E ratio of 21.88, a P/E/G ratio of 4.06 and a beta of 0.21. The company has a current ratio of 0.87, a quick ratio of 0.68 and a debt-to-equity ratio of 1.27. Xcel Energy Inc. has a 1-year low of $39.20 and a 1-year high of $52.22.

Xcel Energy (NYSE:XEL) last announced its earnings results on Thursday, October 26th. The utilities provider reported $0.97 EPS for the quarter, beating the consensus estimate of $0.92 by $0.05. The business had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $3.27 billion. Xcel Energy had a return on equity of 10.63% and a net margin of 10.40%. The company’s revenue was down .8% on a year-over-year basis. During the same period last year, the business posted $0.90 EPS. equities research analysts expect that Xcel Energy Inc. will post 2.31 EPS for the current year.

XEL has been the topic of a number of research reports. Mizuho restated a “hold” rating and issued a $46.00 price objective on shares of Xcel Energy in a report on Friday, September 29th. ValuEngine upgraded Xcel Energy from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. SunTrust Banks restated a “hold” rating and issued a $48.00 price objective on shares of Xcel Energy in a report on Monday, December 4th. Jefferies Group restated a “hold” rating and issued a $50.00 price objective on shares of Xcel Energy in a report on Thursday, August 31st. Finally, Bank of America initiated coverage on Xcel Energy in a report on Tuesday, October 24th. They issued a “buy” rating and a $53.00 price objective on the stock. Nine investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Xcel Energy presently has a consensus rating of “Hold” and an average target price of $49.00.

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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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Institutional Ownership by Quarter for Xcel Energy (NYSE:XEL)

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