Westpac Banking Corp grew its stake in shares of Xcel Energy Inc (NYSE:XEL) by 762.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 413,955 shares of the utilities provider’s stock after purchasing an additional 365,950 shares during the quarter. Westpac Banking Corp owned about 0.08% of Xcel Energy worth $36,652,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Manchester Financial Inc. bought a new stake in Xcel Energy in the 2nd quarter valued at $26,000. First Bank & Trust bought a new stake in Xcel Energy in the 1st quarter valued at $39,000. Country Trust Bank boosted its stake in Xcel Energy by 100.0% in the 2nd quarter. Country Trust Bank now owns 700 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 350 shares during the period. AGF Investments LLC bought a new stake in Xcel Energy in the 2nd quarter valued at $44,000. Finally, Next Capital Management LLC bought a new stake in Xcel Energy in the 1st quarter valued at $64,000. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:XEL traded down $0.04 during trading on Tuesday, reaching $61.49. 336,459 shares of the company traded hands, compared to its average volume of 3,229,102. The business’s 50 day moving average price is $60.60. Xcel Energy Inc has a 52 week low of $46.01 and a 52 week high of $62.03.

Xcel Energy (NYSE:XEL) last announced its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.07). The company had revenue of $2.58 billion during the quarter, compared to analyst estimates of $2.84 billion. During the same period in the prior year, the company posted $0.52 EPS. The firm’s revenue was down 3.0% compared to the same quarter last year.

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, July 20th. Investors of record on Friday, June 14th were given a dividend of $0.405 per share. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $1.62 annualized dividend and a dividend yield of 2.63%.

In related news, 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 completion of the sale, the executive vice president now directly owns 100,354 shares in the company, valued at approximately $5,863,684.22. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Robert Frenzel sold 4,400 shares of the company’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $58.60, for a total value of $257,840.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 69,400 shares of company stock valued at $4,112,790. 0.22% of the stock is owned by corporate insiders.

Several analysts recently issued reports on XEL shares. Wolfe Research set a $57.00 price target on Xcel Energy and gave the company a “hold” rating in a research note on Friday, April 26th. Barclays downgraded Xcel Energy from an “overweight” rating to an “equal weight” rating and set a $64.00 target price for the company. in a research report on Tuesday. They noted that the move was a valuation call. KeyCorp began coverage on Xcel Energy in a research report on Tuesday, June 4th. They set an “overweight” rating and a $62.00 target price for the company. Morgan Stanley upped their target price on Xcel Energy from $57.00 to $60.00 and gave the company an “equal weight” rating in a research report on Friday, June 14th. Finally, Zacks Investment Research downgraded Xcel Energy from a “hold” rating to a “sell” rating and set a $64.00 target price for the company. in a research report on Saturday, July 27th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. Xcel Energy currently has a consensus rating of “Hold” and a consensus target price of $59.71.

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

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