PrairieView Partners LLC Buys 277 Shares of Xcel Energy Inc (NYSE:XEL)
PrairieView Partners LLC boosted its stake in shares of Xcel Energy Inc (NYSE:XEL) by 0.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,165 shares of the utilities provider’s stock after buying an additional 277 shares during the period. Xcel Energy makes up about 0.8% of PrairieView Partners LLC’s investment portfolio, making the stock its 26th largest holding. PrairieView Partners LLC’s holdings in Xcel Energy were worth $3,255,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently bought and sold shares of the company. First Trust Advisors LP increased its holdings in shares of Xcel Energy by 2.1% in the 1st quarter. First Trust Advisors LP now owns 1,141,363 shares of the utilities provider’s stock worth $64,156,000 after purchasing an additional 23,738 shares in the last quarter. Belpointe Asset Management LLC purchased a new position in shares of Xcel Energy in the 1st quarter worth $256,000. Nordea Investment Management AB boosted its stake in shares of Xcel Energy by 4.4% in the 1st quarter. Nordea Investment Management AB now owns 815,862 shares of the utilities provider’s stock worth $45,857,000 after buying an additional 34,284 shares during the last quarter. Laurel Wealth Advisors Inc. purchased a new position in shares of Xcel Energy in the 1st quarter worth $204,000. Finally, Horizon Investments LLC boosted its stake in shares of Xcel Energy by 201.4% in the 1st quarter. Horizon Investments LLC now owns 41,969 shares of the utilities provider’s stock worth $2,359,000 after buying an additional 28,046 shares during the last quarter. 73.96% of the stock is owned by institutional investors.
A number of equities analysts have recently issued reports on XEL shares. Morgan Stanley raised their price target on Xcel Energy from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Friday, September 6th. UBS Group raised their price target on Xcel Energy from $63.00 to $66.00 and gave the stock a “neutral” rating in a research note on Friday, September 6th. SunTrust Banks set a $63.00 price target on Xcel Energy and gave the stock a “hold” rating in a research note on Tuesday, September 3rd. Mizuho raised their price target on Xcel Energy from $50.00 to $64.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Finally, Zacks Investment Research upgraded Xcel Energy from a “sell” rating to a “hold” rating and set a $66.00 price target on the stock in a research note on Monday, August 26th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. Xcel Energy has a consensus rating of “Hold” and an average price target of $63.10.
Xcel Energy (NYSE:XEL) last released its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.07). The firm had revenue of $2.58 billion during the quarter, compared to analysts’ expectations of $2.84 billion. Xcel Energy’s revenue was down 3.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.52 EPS.
The business also recently announced a quarterly dividend, which will be paid on Sunday, October 20th. Investors of record on Friday, September 13th will be given a dividend of $0.405 per share. The ex-dividend date is Thursday, September 12th. This represents a $1.62 annualized dividend and a yield of 2.56%.
In related news, insider Mark E. Stoering sold 4,882 shares of Xcel Energy stock in a transaction on Friday, September 6th. The stock was sold at an average price of $64.87, for a total transaction of $316,695.34. Following the transaction, the insider now directly owns 51,797 shares in the company, valued at $3,360,071.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Scott M. Wilensky sold 15,000 shares of Xcel Energy 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. Insiders have sold 49,382 shares of company stock worth $3,133,045 over the last quarter. 0.22% of the stock is owned by company insiders.
Xcel Energy 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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