Xcel Energy Inc (XEL) Position Reduced by Alliancebernstein L.P.

Alliancebernstein L.P. trimmed its holdings in shares of Xcel Energy Inc (NYSE:XEL) by 1.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 862,085 shares of the utilities provider’s stock after selling 10,706 shares during the quarter. Alliancebernstein L.P. owned about 0.17% of Xcel Energy worth $40,699,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also bought and sold shares of the stock. Boston Partners boosted its holdings in shares of Xcel Energy by 3.0% in the 2nd quarter. Boston Partners now owns 5,957,623 shares of the utilities provider’s stock worth $272,145,000 after purchasing an additional 172,830 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Xcel Energy by 1.0% in the 3rd quarter. American Century Companies Inc. now owns 5,255,488 shares of the utilities provider’s stock worth $248,112,000 after purchasing an additional 52,950 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of Xcel Energy by 4.4% in the 2nd quarter. Legal & General Group Plc now owns 4,778,106 shares of the utilities provider’s stock worth $218,242,000 after purchasing an additional 201,064 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Xcel Energy by 6.2% in the 2nd quarter. Bank of America Corp DE now owns 4,055,913 shares of the utilities provider’s stock worth $185,274,000 after purchasing an additional 238,395 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of Xcel Energy by 1.6% in the 3rd quarter. Victory Capital Management Inc. now owns 4,050,857 shares of the utilities provider’s stock valued at $191,240,000 after acquiring an additional 64,488 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

A number of equities research analysts have recently weighed in on XEL shares. Zacks Investment Research raised Xcel Energy from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a research note on Thursday, September 27th. Mizuho lowered Xcel Energy from a “buy” rating to a “neutral” rating and lowered their target price for the company from $48.50 to $47.00 in a research note on Friday, November 2nd. Morgan Stanley lowered Xcel Energy from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $52.00 to $50.00 in a research note on Friday, September 21st. Argus boosted their target price on Xcel Energy from $53.00 to $57.00 and gave the company a “buy” rating in a research note on Wednesday, October 31st. Finally, Barclays set a $54.00 target price on Xcel Energy and gave the company a “buy” rating in a research note on Monday, November 19th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $50.00.

NYSE XEL opened at $51.53 on Friday. Xcel Energy Inc has a 1-year low of $41.51 and a 1-year high of $52.46.

Xcel Energy (NYSE:XEL) last released its earnings results on Thursday, October 25th. The utilities provider reported $0.96 earnings per share for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.02). The firm had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $3.08 billion.

In other Xcel Energy news, Director Lynn Casey purchased 1,000 shares of the stock in a transaction on Wednesday, September 5th. The stock was acquired at an average price of $48.89 per share, with a total value of $48,890.00. Following the transaction, the director now directly owns 3,131 shares of the company’s stock, valued at approximately $153,074.59. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Judy M. Poferl sold 7,182 shares of the company’s stock in a transaction that occurred on Friday, September 7th. The shares were sold at an average price of $48.67, for a total value of $349,547.94. Following the transaction, the senior vice president now directly owns 25,460 shares of the company’s stock, valued at approximately $1,239,138.20. The disclosure for this sale can be found here. Corporate insiders own 0.22% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Xcel Energy Inc (XEL) Position Reduced by Alliancebernstein L.P.” was reported by American Banking News and is owned by of American Banking News. If you are reading this piece of content on another site, it was stolen and reposted in violation of United States & international trademark and copyright laws. The original version of this piece of content can be read at https://www.americanbankingnews.com/2018/11/30/xcel-energy-inc-xel-position-reduced-by-alliancebernstein-l-p.html.

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.

See Also: What are the risks of holding treasury bonds?

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.

Leave a Reply