Xcel Energy Inc. (NASDAQ:XEL) Shares Sold by Vestor Capital LLC

Vestor Capital LLC lowered its position in shares of Xcel Energy Inc. (NASDAQ:XELGet Rating) by 5.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,367 shares of the company’s stock after selling 141 shares during the quarter. Vestor Capital LLC’s holdings in Xcel Energy were worth $171,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Dupont Capital Management Corp acquired a new position in shares of Xcel Energy in the 4th quarter valued at $258,000. CWM LLC acquired a new position in shares of Xcel Energy in the 4th quarter valued at $1,214,000. Ieq Capital LLC boosted its position in shares of Xcel Energy by 23.3% in the 4th quarter. Ieq Capital LLC now owns 4,561 shares of the company’s stock valued at $309,000 after purchasing an additional 862 shares during the period. Qube Research & Technologies Ltd boosted its position in shares of Xcel Energy by 575.5% in the 4th quarter. Qube Research & Technologies Ltd now owns 561,926 shares of the company’s stock valued at $38,042,000 after purchasing an additional 478,742 shares during the period. Finally, Quadrant Capital Group LLC boosted its position in shares of Xcel Energy by 8.7% in the 4th quarter. Quadrant Capital Group LLC now owns 3,124 shares of the company’s stock valued at $211,000 after purchasing an additional 250 shares during the period. Institutional investors own 75.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on XEL shares. UBS Group decreased their price objective on Xcel Energy from $74.00 to $71.00 and set a “neutral” rating for the company in a research report on Thursday, June 30th. Barclays decreased their price objective on Xcel Energy from $82.00 to $78.00 and set an “overweight” rating for the company in a research report on Monday, July 18th. Credit Suisse Group decreased their price objective on Xcel Energy to $77.00 in a research report on Thursday, June 9th. Morgan Stanley raised their price objective on Xcel Energy from $64.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 21st. Finally, KeyCorp raised their price objective on Xcel Energy from $78.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 20th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $73.90.

Xcel Energy Stock Down 1.0 %

Shares of XEL traded down $0.76 during midday trading on Friday, reaching $73.80. 3,057,238 shares of the stock were exchanged, compared to its average volume of 2,691,799. Xcel Energy Inc. has a 12-month low of $61.15 and a 12-month high of $76.63. The firm has a 50 day simple moving average of $70.43 and a 200-day simple moving average of $70.86. The company has a quick ratio of 0.86, a current ratio of 1.00 and a debt-to-equity ratio of 1.45. The company has a market cap of $40.37 billion, a price-to-earnings ratio of 24.52, a P/E/G ratio of 3.66 and a beta of 0.34.

Xcel Energy (NASDAQ:XELGet Rating) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.60 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.60. Xcel Energy had a return on equity of 10.45% and a net margin of 11.66%. The business had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same period last year, the business earned $0.58 EPS. The firm’s revenue was up 11.6% compared to the same quarter last year. Research analysts forecast that Xcel Energy Inc. will post 3.17 EPS for the current year.

Xcel Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 20th. Investors of record on Wednesday, June 15th were paid a $0.4875 dividend. This represents a $1.95 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date was Tuesday, June 14th. Xcel Energy’s payout ratio is 64.78%.

Insider Activity at Xcel Energy

In related news, Director Kim Williams sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 25th. The stock was sold at an average price of $76.21, for a total value of $152,420.00. Following the transaction, the director now directly owns 99,993 shares of the company’s stock, valued at approximately $7,620,466.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Xcel Energy news, EVP Brett C. Carter sold 14,000 shares of the firm’s stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $74.66, for a total value of $1,045,240.00. Following the sale, the executive vice president now owns 23,617 shares of the company’s stock, valued at approximately $1,763,245.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kim Williams sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 25th. The shares were sold at an average price of $76.21, for a total value of $152,420.00. Following the completion of the sale, the director now directly owns 99,993 shares in the company, valued at approximately $7,620,466.53. The disclosure for this sale can be found here. 0.05% of the stock is owned by company insiders.

Xcel Energy Profile

(Get Rating)

Xcel Energy Inc, through its subsidiaries, generates, purchases, transmits, distributes, and sells electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through coal, nuclear, natural gas, hydroelectric, solar, biomass, oil, wood/refuse, and wind energy sources.

Further Reading

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

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