Xcel Energy Inc (XEL) Shares Bought by Creative Planning
Creative Planning increased its stake in shares of Xcel Energy Inc (NYSE:XEL) by 5.7% during the 4th quarter, HoldingsChannel reports. The fund owned 104,444 shares of the utilities provider’s stock after purchasing an additional 5,601 shares during the quarter. Creative Planning’s holdings in Xcel Energy were worth $5,025,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the stock. National Pension Service raised its stake in Xcel Energy by 2.0% during the 4th quarter. National Pension Service now owns 477,878 shares of the utilities provider’s stock worth $22,991,000 after acquiring an additional 9,369 shares in the last quarter. Trust Department MB Financial Bank N A raised its stake in Xcel Energy by 1,159.1% during the 4th quarter. Trust Department MB Financial Bank N A now owns 5,540 shares of the utilities provider’s stock worth $266,000 after acquiring an additional 5,100 shares in the last quarter. Sawyer & Company Inc acquired a new stake in Xcel Energy during the 4th quarter worth $390,000. First Citizens Bank & Trust Co. raised its stake in Xcel Energy by 13.1% during the 4th quarter. First Citizens Bank & Trust Co. now owns 86,797 shares of the utilities provider’s stock worth $4,176,000 after acquiring an additional 10,040 shares in the last quarter. Finally, QUANTRES ASSET MANAGEMENT Ltd raised its stake in Xcel Energy by 153.7% during the 4th quarter. QUANTRES ASSET MANAGEMENT Ltd now owns 27,400 shares of the utilities provider’s stock worth $1,318,000 after acquiring an additional 16,600 shares in the last quarter. Hedge funds and other institutional investors own 73.32% of the company’s stock.
Several equities research analysts recently commented on the stock. SunTrust Banks set a $42.00 price target on shares of Xcel Energy and gave the stock a “hold” rating in a research note on Wednesday. Zacks Investment Research upgraded shares of Xcel Energy from a “sell” rating to a “hold” rating in a research note on Monday, January 15th. ValuEngine upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Morgan Stanley lifted their price objective on shares of Xcel Energy from $50.00 to $53.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 13th. Finally, Bank of America started coverage on shares of Xcel Energy in a research note 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 issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $48.91.
Xcel Energy (NYSE:XEL) last posted its quarterly earnings data on Thursday, October 26th. The utilities provider reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.05. The company had revenue of $3.02 billion for the quarter, compared to analyst estimates of $3.27 billion. Xcel Energy had a net margin of 10.40% and a return on equity of 10.63%. Xcel Energy’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the previous year, the business posted $0.90 earnings per share. equities research analysts anticipate that Xcel Energy Inc will post 2.31 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Saturday, January 20th. Stockholders of record on Thursday, December 28th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 3.19%. The ex-dividend date of this dividend is Wednesday, December 27th. Xcel Energy’s payout ratio is 61.80%.
In other news, EVP Marvin E. Jr. Mcdaniel sold 5,176 shares of Xcel Energy stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $51.07, for a total value of $264,338.32. Following the sale, the executive vice president now owns 81,371 shares of the company’s stock, valued at $4,155,616.97. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Timothy V. Wolf sold 3,000 shares of Xcel Energy stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $49.48, for a total transaction of $148,440.00. Following the completion of the sale, the director now directly owns 3,700 shares in the company, valued at approximately $183,076. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,363 shares of company stock worth $1,415,265. Insiders own 0.22% of the company’s stock.
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Xcel Energy 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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