MML Investors Services LLC Boosts Position in Xcel Energy Inc (XEL)

MML Investors Services LLC increased its holdings in shares of Xcel Energy Inc (NYSE:XEL) by 14.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 43,341 shares of the utilities provider’s stock after acquiring an additional 5,307 shares during the period. MML Investors Services LLC’s holdings in Xcel Energy were worth $2,135,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Capital Investment Advisory Services LLC purchased a new stake in shares of Xcel Energy during the 4th quarter worth $25,000. Claybrook Capital LLC purchased a new stake in Xcel Energy in the fourth quarter valued at $25,000. Altshuler Shaham Ltd purchased a new stake in Xcel Energy in the fourth quarter valued at $26,000. Bruderman Asset Management LLC purchased a new stake in Xcel Energy in the fourth quarter valued at $27,000. Finally, Group One Trading L.P. purchased a new stake in Xcel Energy in the fourth quarter valued at $32,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Shares of XEL traded down $0.09 on Monday, hitting $55.78. 1,710,865 shares of the stock traded hands, compared to its average volume of 3,474,826. Xcel Energy Inc has a 1 year low of $41.99 and a 1 year high of $57.51.

Xcel Energy (NYSE:XEL) last posted its quarterly earnings results on Thursday, January 31st. The utilities provider reported $0.42 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.42. The company had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.86 billion.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, April 20th. Stockholders of record on Friday, March 15th will be given a $0.405 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $1.62 annualized dividend and a dividend yield of 2.90%. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.38.

In other Xcel Energy news, SVP Judy M. Poferl sold 8,953 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $55.86, for a total transaction of $500,114.58. Following the completion of the transaction, the senior vice president now directly owns 8,855 shares of the company’s stock, valued at approximately $494,640.30. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Benjamin G. S. Fowke III sold 75,000 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $55.13, for a total transaction of $4,134,750.00. The disclosure for this sale can be found here. Insiders sold 98,957 shares of company stock valued at $5,431,127 in the last three months. Company insiders own 0.22% of the company’s stock.

Separately, Zacks Investment Research cut shares of Xcel Energy from a “buy” rating to a “hold” rating in a report on Monday, March 18th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $52.50.

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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.

Further Reading: Put Option

Institutional Ownership by Quarter for Xcel Energy (NYSE:XEL)

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