Xcel Energy Target of Unusually Large Options Trading (NYSE:XEL)

Xcel Energy Inc (NYSE:XEL) saw some unusual options trading activity on Wednesday. Investors purchased 9,905 call options on the stock. This is an increase of 5,254% compared to the typical volume of 185 call options.

In other news, EVP Kent T. Larson sold 5,000 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $58.43, for a total transaction of $292,150.00. Following the completion of the sale, the executive vice president now directly owns 100,354 shares of the company’s stock, valued at approximately $5,863,684.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Benjamin G. S. Fowke III sold 50,000 shares of the business’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $59.81, for a total transaction of $2,990,500.00. Following the sale, the chief executive officer now directly owns 608,862 shares of the company’s stock, valued at $36,416,036.22. The disclosure for this sale can be found here. Insiders have sold a total of 65,000 shares of company stock valued at $3,854,950 over the last three months. Corporate insiders own 0.22% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Capital Investment Advisory Services LLC acquired a new stake in shares of Xcel Energy in the 4th quarter valued at about $25,000. Claybrook Capital LLC acquired a new stake in shares of Xcel Energy in the 4th quarter valued at about $25,000. Altshuler Shaham Ltd acquired a new stake in shares of Xcel Energy in the 4th quarter valued at about $26,000. Bruderman Asset Management LLC acquired a new stake in shares of Xcel Energy in the 4th quarter valued at about $27,000. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Xcel Energy in the 1st quarter valued at about $31,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Shares of XEL stock opened at $59.52 on Thursday. Xcel Energy has a 12 month low of $42.15 and a 12 month high of $60.56.

Xcel Energy (NYSE:XEL) last issued its quarterly earnings data on Thursday, April 25th. The utilities provider reported $0.61 EPS for the quarter, hitting analysts’ consensus estimates of $0.61. The firm had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.11 billion. During the same quarter in the prior year, the firm earned $0.57 EPS. The business’s quarterly revenue was up 6.4% compared to the same quarter last year.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, July 20th. Shareholders of record on Friday, June 14th will be issued a $0.405 dividend. The ex-dividend date is Thursday, June 13th. This represents a $1.62 dividend on an annualized basis and a yield of 2.72%.

A number of analysts recently weighed in on XEL shares. Argus upped their price target on shares of Xcel Energy to $64.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. KeyCorp started coverage on shares of Xcel Energy in a research report on Tuesday, June 4th. They set an “overweight” rating and a $62.00 price target for the company. Zacks Investment Research cut shares of Xcel Energy from a “buy” rating to a “hold” rating in a research report on Monday, March 18th. Finally, Wolfe Research set a $57.00 price target on shares of Xcel Energy and gave the stock a “hold” rating in a research report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $55.13.

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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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