Creative Planning lessened its holdings in Xcel Energy Inc (NYSE:XEL) by 6.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 93,216 shares of the utilities provider’s stock after selling 6,647 shares during the quarter. Creative Planning’s holdings in Xcel Energy were worth $6,049,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. LLBH Private Wealth Management LLC acquired a new stake in shares of Xcel Energy in the second quarter valued at approximately $25,000. Krane Funds Advisors LLC acquired a new stake in shares of Xcel Energy in the second quarter valued at approximately $25,000. Manchester Financial Inc. acquired a new stake in shares of Xcel Energy in the second quarter valued at approximately $26,000. Gradient Investments LLC raised its holdings in shares of Xcel Energy by 71.6% in the third quarter. Gradient Investments LLC now owns 398 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 166 shares during the last quarter. Finally, Prestige Wealth Management Group LLC acquired a new stake in shares of Xcel Energy in the second quarter valued at approximately $27,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.
In other Xcel Energy news, insider Christopher B. Clark sold 2,000 shares of the company’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $64.25, for a total value of $128,500.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Scott M. Wilensky sold 15,000 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $61.71, for a total transaction of $925,650.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 49,382 shares of company stock worth $3,133,045. Corporate insiders own 0.22% of the company’s stock.
A number of research firms have recently issued reports on XEL. Mizuho lifted their price objective on shares of Xcel Energy from $50.00 to $64.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Morgan Stanley boosted their target price on shares of Xcel Energy from $60.00 to $63.00 and gave the stock an “equal weight” rating in a report on Friday, September 6th. Bank of America downgraded shares of Xcel Energy from a “neutral” rating to an “underperform” rating and set a $62.00 target price on the stock. in a report on Monday, September 30th. Zacks Investment Research upgraded shares of Xcel Energy from a “sell” rating to a “hold” rating and set a $66.00 target price on the stock in a report on Monday, August 26th. Finally, SunTrust Banks set a $63.00 target price on shares of Xcel Energy and gave the stock a “hold” rating in a report on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. Xcel Energy has a consensus rating of “Hold” and an average target price of $64.20.
Shares of NYSE:XEL traded down $0.45 on Friday, hitting $59.88. The company had a trading volume of 232,856 shares, compared to its average volume of 3,276,248. Xcel Energy Inc has a 1-year low of $47.70 and a 1-year high of $66.05. The stock has a 50 day moving average price of $63.77 and a 200 day moving average price of $61.02.
Xcel Energy (NYSE:XEL) last released its quarterly earnings data on Thursday, October 24th. The utilities provider reported $1.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.03 by ($0.02). The business had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $3.55 billion. During the same quarter in the prior year, the company posted $0.96 EPS. Xcel Energy’s revenue was down 1.1% on a year-over-year basis.
The business also recently disclosed a quarterly dividend, which was paid on Sunday, October 20th. Shareholders of record on Friday, September 13th were issued a $0.405 dividend. The ex-dividend date was Thursday, September 12th. This represents a $1.62 annualized dividend and a dividend yield of 2.71%.
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.
Featured Article: How liquidity affects the bid-ask spread
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.