Dupont Capital Management Corp Makes New Investment in Xcel Energy Inc (NYSE:XEL)
Dupont Capital Management Corp bought a new position in Xcel Energy Inc (NYSE:XEL) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 13,356 shares of the utilities provider’s stock, valued at approximately $835,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Ballentine Partners LLC lifted its position in Xcel Energy by 3.3% in the first quarter. Ballentine Partners LLC now owns 5,151 shares of the utilities provider’s stock worth $310,000 after purchasing an additional 165 shares during the period. Avestar Capital LLC lifted its position in Xcel Energy by 4.3% in the first quarter. Avestar Capital LLC now owns 4,215 shares of the utilities provider’s stock worth $256,000 after purchasing an additional 172 shares during the period. Quadrant Capital Group LLC lifted its position in shares of Xcel Energy by 9.6% during the 4th quarter. Quadrant Capital Group LLC now owns 1,998 shares of the utilities provider’s stock valued at $116,000 after acquiring an additional 175 shares during the last quarter. Piedmont Investment Advisors Inc. lifted its position in shares of Xcel Energy by 1.8% during the 1st quarter. Piedmont Investment Advisors Inc. now owns 10,021 shares of the utilities provider’s stock valued at $604,000 after acquiring an additional 177 shares during the last quarter. Finally, Hotaling Investment Management LLC lifted its position in shares of Xcel Energy by 1.3% during the 1st quarter. Hotaling Investment Management LLC now owns 13,585 shares of the utilities provider’s stock valued at $819,000 after acquiring an additional 180 shares during the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.
NYSE XEL opened at $69.04 on Friday. Xcel Energy Inc has a 1-year low of $46.58 and a 1-year high of $72.14. The firm’s fifty day simple moving average is $64.87 and its 200-day simple moving average is $64.40.
The firm also recently announced a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Monday, June 15th were given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend was Friday, June 12th.
XEL has been the subject of a number of research analyst reports. Wells Fargo & Co lowered Xcel Energy from an “overweight” rating to an “equal weight” rating and set a $70.00 target price for the company. in a report on Friday, April 24th. They noted that the move was a valuation call. Royal Bank of Canada restated a “hold” rating and issued a $62.00 target price on shares of Xcel Energy in a report on Wednesday, April 8th. Morgan Stanley increased their target price on Xcel Energy from $56.00 to $59.00 and gave the company an “underweight” rating in a report on Friday, July 17th. Mizuho upped their price target on shares of Xcel Energy from $53.00 to $63.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 15th. Finally, KeyCorp upped their price target on shares of Xcel Energy from $66.00 to $74.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company. Xcel Energy currently has an average rating of “Hold” and a consensus price target of $64.36.
In other Xcel Energy news, CEO Benjamin G. S. Fowke III sold 104,796 shares of the stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $65.84, for a total transaction of $6,899,768.64. Following the transaction, the chief executive officer now directly owns 461,531 shares of the company’s stock, valued at $30,387,201.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.22% of the company’s stock.
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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