Meadow Creek Investment Management LLC increased its position in Xcel Energy Inc (NYSE:XEL) by 39.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 79,184 shares of the utilities provider’s stock after buying an additional 22,448 shares during the quarter. Meadow Creek Investment Management LLC’s holdings in Xcel Energy were worth $4,711,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. LLBH Private Wealth Management LLC purchased a new position in shares of Xcel Energy in the second quarter valued at about $25,000. Krane Funds Advisors LLC bought a new position in shares of Xcel Energy during the second quarter valued at approximately $25,000. Manchester Financial Inc. bought a new position in shares of Xcel Energy during the second quarter valued at approximately $26,000. Dougherty Wealth Advisers LLC purchased a new stake in Xcel Energy in the second quarter worth $30,000. Finally, Country Trust Bank lifted its stake in Xcel Energy by 100.0% in the second quarter. Country Trust Bank now owns 700 shares of the utilities provider’s stock worth $41,000 after acquiring an additional 350 shares during the period. 73.96% of the stock is currently owned by institutional investors.

In other news, EVP Kent T. Larson sold 25,000 shares of the company’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $64.25, for a total transaction of $1,606,250.00. Following the transaction, the executive vice president now directly owns 75,354 shares of the company’s stock, valued at $4,841,494.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Scott M. Wilensky sold 15,000 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $61.71, for a total value of $925,650.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 46,882 shares of company stock worth $2,977,095. Company insiders own 0.22% of the company’s stock.

Several analysts recently weighed in on XEL shares. SunTrust Banks set a $63.00 price target on shares of Xcel Energy and gave the company a “hold” rating in a report on Tuesday, September 3rd. Barclays lowered shares of Xcel Energy from an “overweight” rating to an “equal weight” rating and set a $64.00 price objective for the company. in a report on Tuesday, August 13th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Xcel Energy from a “sell” rating to a “hold” rating and set a $66.00 target price for the company in a research report on Monday, August 26th. KeyCorp assumed coverage on shares of Xcel Energy in a research report on Tuesday, June 4th. They issued an “overweight” rating and a $62.00 target price for the company. Finally, UBS Group lifted their target price on shares of Xcel Energy from $63.00 to $66.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $61.33.

Shares of NYSE:XEL traded up $0.61 during trading on Wednesday, hitting $63.60. The stock had a trading volume of 183,530 shares, compared to its average volume of 3,222,608. Xcel Energy Inc has a 12 month low of $46.01 and a 12 month high of $66.05. The firm’s fifty day moving average is $62.20 and its 200 day moving average is $58.75.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, October 20th. Investors of record on Friday, September 13th will be given a $0.405 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $1.62 annualized dividend and a yield of 2.55%.

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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