Creative Planning Has $6.05 Million Holdings in Xcel Energy Inc (NYSE:XEL)
Creative Planning lessened its position in shares of Xcel Energy Inc (NYSE:XEL) by 6.7% in the third quarter, HoldingsChannel.com reports. The firm owned 93,216 shares of the utilities provider’s stock after selling 6,647 shares during the quarter. Creative Planning’s holdings in Xcel Energy were worth $6,049,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in XEL. LLBH Private Wealth Management LLC acquired a new stake in Xcel Energy during the 2nd quarter valued at approximately $25,000. Krane Funds Advisors LLC acquired a new stake in Xcel Energy during the 2nd quarter valued at approximately $25,000. Manchester Financial Inc. acquired a new stake in Xcel Energy during the 2nd quarter valued at approximately $26,000. Gradient Investments LLC increased its position in Xcel Energy by 71.6% during the 3rd quarter. Gradient Investments LLC now owns 398 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 166 shares during the period. Finally, Prestige Wealth Management Group LLC acquired a new stake in Xcel Energy during the 2nd quarter valued at approximately $27,000. 73.96% of the stock is owned by institutional investors and hedge funds.
In related news, EVP Scott M. Wilensky sold 15,000 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $61.71, for a total value of $925,650.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Christopher B. Clark sold 2,500 shares of the stock in a transaction on 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 owns 16,560 shares in the company, valued at $1,033,012.80. The disclosure for this sale can be found here. Insiders have sold a total of 49,382 shares of company stock worth $3,133,045 over the last 90 days. Company insiders own 0.22% of the company’s stock.
Xcel Energy (NYSE:XEL) last posted its quarterly earnings results on Thursday, October 24th. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.02). The business had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $3.55 billion. The business’s quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.96 EPS.
The firm also recently declared a quarterly dividend, which was paid on Sunday, October 20th. Shareholders of record on Friday, September 13th were issued a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date was Thursday, September 12th.
A number of analysts have weighed in on the stock. Morgan Stanley increased their target price on shares of Xcel Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a research report on Friday, September 6th. UBS Group increased 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. KeyCorp increased their price target on Xcel Energy from $67.00 to $73.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Barclays cut Xcel Energy from an “overweight” rating to an “equal weight” rating and set a $64.00 price target on the stock. in a report on Tuesday, August 13th. They noted that the move was a valuation call. Finally, Mizuho increased their price target on Xcel Energy from $50.00 to $64.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. Xcel Energy currently has a consensus rating of “Hold” and a consensus target price of $64.20.
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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