Xcel Energy Inc. (NYSE:XEL) Director Timothy V. Wolf sold 3,000 shares of Xcel Energy stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $49.48, for a total value of $148,440.00. Following the sale, the director now directly owns 3,700 shares of the company’s stock, valued at $183,076. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Xcel Energy (NYSE:XEL) last issued its quarterly earnings results on Thursday, October 26th. The utilities provider reported $0.97 EPS for the quarter, topping the consensus estimate of $0.92 by $0.05. Xcel Energy had a net margin of 10.40% and a return on equity of 10.63%. The business had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $3.27 billion. During the same quarter last year, the company posted $0.90 earnings per share. The company’s quarterly revenue was down .8% compared to the same quarter last year.

The business also recently declared a quarterly dividend, which was paid on Friday, October 20th. Stockholders of record on Friday, September 15th were given a dividend of $0.36 per share. The ex-dividend date was Thursday, September 14th. This represents a $1.44 annualized dividend and a dividend yield of 2.91%. Xcel Energy’s payout ratio is 61.54%.

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Several hedge funds have recently modified their holdings of XEL. Parallel Advisors LLC lifted its position in shares of Xcel Energy by 1.6% during the second quarter. Parallel Advisors LLC now owns 2,227 shares of the utilities provider’s stock worth $105,000 after purchasing an additional 36 shares during the last quarter. Carroll Financial Associates Inc. lifted its position in shares of Xcel Energy by 14.5% during the second quarter. Carroll Financial Associates Inc. now owns 2,365 shares of the utilities provider’s stock worth $108,000 after purchasing an additional 300 shares during the last quarter. Sandy Spring Bank lifted its position in shares of Xcel Energy by 24.8% during the second quarter. Sandy Spring Bank now owns 2,401 shares of the utilities provider’s stock worth $110,000 after purchasing an additional 477 shares during the last quarter. Dupont Capital Management Corp bought a new position in shares of Xcel Energy during the second quarter worth about $135,000. Finally, Sharkey Howes & Javer lifted its position in shares of Xcel Energy by 0.5% during the second quarter. Sharkey Howes & Javer now owns 3,010 shares of the utilities provider’s stock worth $138,000 after purchasing an additional 16 shares during the last quarter. 72.57% of the stock is currently owned by institutional investors and hedge funds.

XEL has been the subject of a number of recent analyst reports. BidaskClub downgraded Xcel Energy from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. BMO Capital Markets lifted their price target on Xcel Energy from $46.00 to $47.00 and gave the stock a “market perform” rating in a report on Friday, July 28th. Morgan Stanley lifted their price target on Xcel Energy from $45.00 to $46.00 and gave the stock an “equal weight” rating in a report on Thursday, August 10th. Jefferies Group LLC reaffirmed a “hold” rating and set a $50.00 price target on shares of Xcel Energy in a report on Thursday, August 31st. Finally, Zacks Investment Research downgraded Xcel Energy from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. Nine equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $48.91.

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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