DekaBank Deutsche Girozentrale boosted its holdings in shares of Xcel Energy Inc (NYSE:XEL) by 28.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 61,739 shares of the utilities provider’s stock after acquiring an additional 13,711 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Xcel Energy were worth $3,078,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also bought and sold shares of the company. Cerebellum GP LLC lifted its holdings in Xcel Energy by 117.8% during the third quarter. Cerebellum GP LLC now owns 2,629 shares of the utilities provider’s stock worth $124,000 after acquiring an additional 1,422 shares in the last quarter. Psagot Investment House Ltd. bought a new position in Xcel Energy during the third quarter worth about $125,000. TRUE Private Wealth Advisors bought a new position in Xcel Energy during the third quarter worth about $127,000. Peoples Financial Services CORP. bought a new position in Xcel Energy during the third quarter worth about $160,000. Finally, Moody National Bank Trust Division bought a new position in Xcel Energy during the third quarter worth about $168,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.
In related news, Director Lynn Casey bought 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 5th. The shares were acquired at an average price of $48.89 per share, for a total transaction of $48,890.00. Following the completion of the acquisition, the director now owns 3,131 shares of the company’s stock, valued at approximately $153,074.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Judy M. Poferl sold 7,182 shares of the company’s stock in a transaction dated Friday, September 7th. The stock was sold at an average price of $48.67, for a total value of $349,547.94. Following the sale, the senior vice president now owns 25,460 shares in the company, valued at approximately $1,239,138.20. The disclosure for this sale can be found here. Insiders own 0.22% of the company’s stock.
Several research firms have weighed in on XEL. Morgan Stanley lifted their target price on Xcel Energy from $49.00 to $52.00 and gave the stock an “overweight” rating in a report on Tuesday, September 11th. Mizuho lowered Xcel Energy from a “buy” rating to a “neutral” rating and cut their price target for the company from $48.50 to $47.00 in a report on Friday, November 2nd. Argus boosted their price target on Xcel Energy from $53.00 to $57.00 and gave the company a “buy” rating in a report on Wednesday, October 31st. Zacks Investment Research upgraded Xcel Energy from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a report on Wednesday, November 21st. Finally, Barclays set a $54.00 price target on Xcel Energy and gave the company a “buy” rating in a report on Monday, November 19th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Xcel Energy has a consensus rating of “Hold” and a consensus price target of $50.00.
Shares of Xcel Energy stock opened at $52.45 on Monday. Xcel Energy Inc has a one year low of $41.51 and a one year high of $52.49.
Xcel Energy (NYSE:XEL) last issued its quarterly earnings results on Thursday, October 25th. The utilities provider reported $0.96 EPS 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.
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Xcel Energy Company 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.
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