Neuburgh Advisers LLC reduced its position in Xcel Energy Inc (NYSE:XEL) by 14.8% in the 1st quarter, HoldingsChannel.com reports. The firm owned 78,012 shares of the utilities provider’s stock after selling 13,508 shares during the quarter. Neuburgh Advisers LLC’s holdings in Xcel Energy were worth $4,385,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital Investment Advisory Services LLC purchased a new stake in Xcel Energy in the 4th quarter worth $25,000. Claybrook Capital LLC purchased a new stake in Xcel Energy in the 4th quarter worth $25,000. Altshuler Shaham Ltd purchased a new stake in Xcel Energy in the 4th quarter worth $26,000. Bruderman Asset Management LLC purchased a new stake in Xcel Energy in the 4th quarter worth $27,000. Finally, Somerset Trust Co increased its holdings in Xcel Energy by 195.6% in the 1st quarter. Somerset Trust Co now owns 606 shares of the utilities provider’s stock worth $34,000 after acquiring an additional 401 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Shares of Xcel Energy stock traded up $0.81 during trading hours on Wednesday, reaching $59.50. 177,657 shares of the company’s stock were exchanged, compared to its average volume of 3,217,251. Xcel Energy Inc has a 1 year low of $42.07 and a 1 year high of $60.56.

Xcel Energy (NYSE:XEL) last released its earnings results on Thursday, April 25th. The utilities provider reported $0.61 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.61. The business had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $3.11 billion. During the same period in the previous year, the company earned $0.57 EPS. Xcel Energy’s quarterly revenue was up 6.4% compared to the same quarter last year.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, July 20th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date is Thursday, June 13th.

Several equities research analysts recently commented on XEL shares. Argus boosted their price target on shares of Xcel Energy to $64.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Wolfe Research set a $57.00 price target on shares of Xcel Energy and gave the stock a “hold” rating in a report on Friday, April 26th. Zacks Investment Research lowered shares of Xcel Energy from a “buy” rating to a “hold” rating in a report on Monday, March 18th. Finally, KeyCorp started coverage on shares of Xcel Energy in a report on Tuesday, June 4th. They issued an “overweight” rating and a $62.00 price target for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. Xcel Energy currently has an average rating of “Hold” and a consensus target price of $55.13.

In other news, CEO Benjamin G. S. Fowke III sold 50,000 shares of the company’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $59.81, for a total transaction of $2,990,500.00. Following the completion of the sale, the chief executive officer now owns 608,862 shares of the company’s stock, valued at $36,416,036.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Kent T. Larson sold 5,000 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $58.43, for a total transaction of $292,150.00. Following the sale, the executive vice president now directly owns 100,354 shares of the company’s stock, valued at approximately $5,863,684.22. The disclosure for this sale can be found here. Insiders have sold 65,000 shares of company stock valued at $3,854,950 in the last ninety days. Insiders own 0.22% of the company’s stock.

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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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