Xcel Energy Inc (NYSE:XEL) SVP Judy M. Poferl sold 8,953 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $55.86, for a total transaction of $500,114.58. Following the completion of the transaction, the senior vice president now directly owns 8,855 shares of the company’s stock, valued at approximately $494,640.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Xcel Energy stock opened at $56.16 on Friday. Xcel Energy Inc has a 52-week low of $41.99 and a 52-week high of $56.76.

Xcel Energy (NYSE:XEL) last issued its quarterly earnings results on Thursday, January 31st. The utilities provider reported $0.42 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.42. The firm had revenue of $2.88 billion during the quarter, compared to analysts’ expectations of $2.86 billion.

The company also recently declared a quarterly dividend, which will be paid on Saturday, April 20th. Investors of record on Friday, March 15th will be paid a $0.405 dividend. The ex-dividend date is Thursday, March 14th. This represents a $1.62 dividend on an annualized basis and a yield of 2.88%. This is an increase from Xcel Energy’s previous quarterly dividend of $0.38.

Several research firms have recently commented on XEL. Zacks Investment Research lowered shares of Xcel Energy from a “buy” rating to a “hold” rating and set a $60.00 price objective for the company. in a research note on Saturday, February 16th. Barclays set a $54.00 price objective on shares of Xcel Energy and gave the company a “buy” rating in a research note on Monday, November 19th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $50.75.

A number of hedge funds have recently added to or reduced their stakes in XEL. Capital Investment Advisory Services LLC acquired a new stake in Xcel Energy during the fourth quarter worth approximately $25,000. Claybrook Capital LLC acquired a new position in shares of Xcel Energy in the 4th quarter valued at $25,000. Altshuler Shaham Ltd acquired a new position in shares of Xcel Energy in the 4th quarter valued at $26,000. Bruderman Asset Management LLC acquired a new position in shares of Xcel Energy in the 4th quarter valued at $27,000. Finally, Group One Trading L.P. acquired a new position in shares of Xcel Energy in the 4th quarter valued at $32,000. 73.96% of the stock is currently owned by institutional investors.

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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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