Checchi Capital Advisers LLC increased its stake in Xcel Energy Inc (NYSE:XEL) by 3.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,906 shares of the utilities provider’s stock after purchasing an additional 197 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Xcel Energy were worth $356,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Savant Capital LLC grew its stake in Xcel Energy by 2.5% in the 4th quarter. Savant Capital LLC now owns 6,340 shares of the utilities provider’s stock valued at $403,000 after buying an additional 153 shares in the last quarter. Csenge Advisory Group grew its stake in Xcel Energy by 3.7% in the 4th quarter. Csenge Advisory Group now owns 4,424 shares of the utilities provider’s stock valued at $281,000 after buying an additional 157 shares in the last quarter. Argent Trust Co grew its stake in Xcel Energy by 2.4% in the 4th quarter. Argent Trust Co now owns 6,794 shares of the utilities provider’s stock valued at $431,000 after buying an additional 157 shares in the last quarter. Dana Investment Advisors Inc. grew its stake in Xcel Energy by 3.7% in the 4th quarter. Dana Investment Advisors Inc. now owns 4,457 shares of the utilities provider’s stock valued at $283,000 after buying an additional 160 shares in the last quarter. Finally, Level Four Advisory Services LLC grew its stake in Xcel Energy by 4.7% in the 4th quarter. Level Four Advisory Services LLC now owns 3,537 shares of the utilities provider’s stock valued at $226,000 after buying an additional 160 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors.

A number of research analysts recently weighed in on XEL shares. Morgan Stanley lowered shares of Xcel Energy from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $61.00 to $55.00 in a research note on Wednesday. BMO Capital Markets started coverage on shares of Xcel Energy in a research note on Wednesday, February 19th. They issued a “market perform” rating and a $68.00 price objective for the company. Wells Fargo & Co lowered shares of Xcel Energy from an “overweight” rating to an “equal weight” rating and set a $70.00 price target for the company. in a research report on Friday, April 24th. They noted that the move was a valuation call. Mizuho boosted their price target on shares of Xcel Energy from $53.00 to $63.00 and gave the company a “neutral” rating in a research report on Wednesday, April 15th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Xcel Energy from $69.00 to $64.00 and set an “overweight” rating for the company in a research report on Friday, March 27th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company. Xcel Energy presently has a consensus rating of “Hold” and an average price target of $63.53.

NYSE:XEL opened at $57.89 on Friday. The company’s 50 day moving average price is $62.18 and its 200-day moving average price is $63.64. Xcel Energy Inc has a 52 week low of $46.58 and a 52 week high of $72.14.

Xcel Energy (NYSE:XEL) last issued its quarterly earnings data on Thursday, May 7th. The utilities provider reported $0.56 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.03). The company had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $3.27 billion. During the same quarter last year, the business posted $0.61 EPS. The firm’s revenue for the quarter was down 10.5% compared to the same quarter last year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 20th. Stockholders of record on Friday, March 13th were given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 2.97%. This is an increase from Xcel Energy’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Thursday, March 12th.

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.

Featured Article: What is a Fiduciary?

Want to see what other hedge funds are holding XEL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xcel Energy Inc (NYSE:XEL).

Institutional Ownership by Quarter for Xcel Energy (NYSE:XEL)

Receive News & Ratings for Xcel Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xcel Energy and related companies with MarketBeat.com's FREE daily email newsletter.