Xcel Energy Inc (NYSE:XEL) Insider Sells $155,950.00 in Stock
Xcel Energy Inc (NYSE:XEL) insider Christopher B. Clark sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $62.38, for a total value of $155,950.00. Following the completion of the transaction, the insider now directly owns 16,560 shares in the company, valued at $1,033,012.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Christopher B. Clark also recently made the following trade(s):
- On Friday, August 30th, Christopher B. Clark sold 2,000 shares of Xcel Energy stock. The shares were sold at an average price of $64.25, for a total transaction of $128,500.00.
NYSE:XEL traded up $0.10 during trading hours on Wednesday, hitting $63.09. 222,155 shares of the stock traded hands, compared to its average volume of 3,222,608. Xcel Energy Inc has a 1 year low of $46.01 and a 1 year high of $66.05. The stock has a 50 day moving average price of $62.20 and a 200 day moving average price of $58.75.
The company also recently announced a quarterly dividend, which will be paid on Sunday, October 20th. Investors of record on Friday, September 13th will be paid a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date is Thursday, September 12th.
A number of institutional investors have recently modified their holdings of the stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of Xcel Energy by 8.9% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 152,889 shares of the utilities provider’s stock valued at $9,095,000 after acquiring an additional 12,501 shares in the last quarter. EP Wealth Advisors LLC bought a new position in Xcel Energy in the 2nd quarter worth approximately $205,000. Treasurer of the State of North Carolina grew its holdings in Xcel Energy by 0.9% during the 2nd quarter. Treasurer of the State of North Carolina now owns 253,517 shares of the utilities provider’s stock valued at $15,082,000 after buying an additional 2,300 shares in the last quarter. RFG Advisory LLC grew its holdings in Xcel Energy by 3.5% during the 2nd quarter. RFG Advisory LLC now owns 14,680 shares of the utilities provider’s stock valued at $874,000 after buying an additional 496 shares in the last quarter. Finally, BlackRock Inc. grew its stake in Xcel Energy by 1.1% during the second quarter. BlackRock Inc. now owns 48,291,767 shares of the utilities provider’s stock valued at $2,872,877,000 after acquiring an additional 511,726 shares in the last quarter. 73.96% of the stock is owned by institutional investors.
Several equities analysts have recently weighed in on the stock. Barclays cut shares of Xcel Energy from an “overweight” rating to an “equal weight” rating and set a $64.00 price objective on the stock. in a research note on Tuesday, August 13th. They noted that the move was a valuation call. KeyCorp started coverage on shares of Xcel Energy in a research report on Tuesday, June 4th. They set an “overweight” rating and a $62.00 target price for the company. UBS Group boosted their target price on shares of Xcel Energy from $63.00 to $66.00 and gave the company a “neutral” rating in a research report on Friday, September 6th. Morgan Stanley upped their target price on shares of Xcel Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a report on Friday, September 6th. Finally, SunTrust Banks set a $63.00 price target on Xcel Energy and gave the company a “hold” rating in a report on Tuesday, September 3rd. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $61.33.
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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