New Mexico Educational Retirement Board lowered its position in Xcel Energy Inc (NYSE:XEL) by 1.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 42,128 shares of the utilities provider’s stock after selling 700 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Xcel Energy were worth $2,506,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in XEL. GW Henssler & Associates Ltd. lifted its stake in shares of Xcel Energy by 3.3% during the 2nd quarter. GW Henssler & Associates Ltd. now owns 201,602 shares of the utilities provider’s stock worth $11,994,000 after buying an additional 6,405 shares during the last quarter. Homrich & Berg lifted its stake in shares of Xcel Energy by 5.8% during the 2nd quarter. Homrich & Berg now owns 22,288 shares of the utilities provider’s stock worth $1,326,000 after buying an additional 1,224 shares during the last quarter. Cypress Capital Management LLC acquired a new stake in shares of Xcel Energy during the 2nd quarter worth about $5,490,000. Parallel Advisors LLC lifted its stake in shares of Xcel Energy by 8.4% during the 2nd quarter. Parallel Advisors LLC now owns 4,579 shares of the utilities provider’s stock worth $272,000 after buying an additional 353 shares during the last quarter. Finally, Securian Asset Management Inc lifted its stake in shares of Xcel Energy by 0.7% during the 2nd quarter. Securian Asset Management Inc now owns 53,375 shares of the utilities provider’s stock worth $3,175,000 after buying an additional 390 shares during the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Xcel Energy stock traded down $0.19 during midday trading on Friday, hitting $63.09. The company’s stock had a trading volume of 714,382 shares, compared to its average volume of 3,221,995. Xcel Energy Inc has a 1-year low of $46.01 and a 1-year high of $63.41. The company has a 50-day moving average price of $61.01 and a two-hundred day moving average price of $57.73.

Xcel Energy (NYSE:XEL) last issued 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 business had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.84 billion. During the same period last year, the business earned $0.52 EPS. The firm’s quarterly revenue was down 3.0% on a year-over-year basis.

In other Xcel Energy news, CEO Benjamin G. S. Fowke III sold 50,000 shares of Xcel Energy stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $59.81, for a total value of $2,990,500.00. Following the completion of the sale, the chief executive officer now owns 608,862 shares in the company, valued at approximately $36,416,036.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Robert Frenzel sold 4,400 shares of Xcel Energy stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $58.60, for a total transaction of $257,840.00. The disclosure for this sale can be found here. Insiders sold a total of 79,400 shares of company stock valued at $4,746,290 in the last quarter. Corporate insiders own 0.22% of the company’s stock.

A number of analysts have recently issued reports on the stock. Morgan Stanley cut their target price on shares of Xcel Energy from $61.00 to $60.00 and set an “equal weight” rating for the company in a research note on Friday, August 16th. Wolfe Research set a $57.00 target price on shares of Xcel Energy and gave the stock a “hold” rating in a research note on Friday, April 26th. Zacks Investment Research cut shares of Xcel Energy from a “hold” rating to a “sell” rating and set a $64.00 target price for the company. in a research note on Saturday, July 27th. Barclays cut shares of Xcel Energy from an “overweight” rating to an “equal weight” rating and set a $64.00 target price for the company. in a research note on Tuesday, August 13th. They noted that the move was a valuation call. Finally, Argus raised their target price on shares of Xcel Energy to $64.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $59.71.

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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