Pinnacle Bank bought a new position in shares of Xcel Energy Inc (NYSE:XEL) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,762 shares of the utilities provider’s stock, valued at approximately $87,000.
Several other large investors have also bought and sold shares of XEL. Bank of New York Mellon Corp grew its holdings in Xcel Energy by 1.3% during the third quarter. Bank of New York Mellon Corp now owns 3,529,589 shares of the utilities provider’s stock worth $166,630,000 after acquiring an additional 46,209 shares during the period. Martingale Asset Management L P grew its holdings in Xcel Energy by 38.0% during the third quarter. Martingale Asset Management L P now owns 238,136 shares of the utilities provider’s stock worth $11,243,000 after acquiring an additional 65,605 shares during the period. DekaBank Deutsche Girozentrale grew its holdings in Xcel Energy by 28.5% during the third quarter. DekaBank Deutsche Girozentrale now owns 61,739 shares of the utilities provider’s stock worth $3,078,000 after acquiring an additional 13,711 shares during the period. Trexquant Investment LP acquired a new position in Xcel Energy during the third quarter worth $621,000. Finally, Schroder Investment Management Group boosted its position in Xcel Energy by 215.4% during the third quarter. Schroder Investment Management Group now owns 56,758 shares of the utilities provider’s stock worth $2,680,000 after purchasing an additional 38,765 shares in the last quarter. 73.96% of the stock is owned by institutional investors.
XEL traded up $0.23 during trading on Wednesday, reaching $55.41. 2,430,800 shares of the stock were exchanged, compared to its average volume of 3,453,001. Xcel Energy Inc has a 1 year low of $41.99 and a 1 year high of $57.51.
The company also recently announced a quarterly dividend, which was paid on Saturday, April 20th. Shareholders of record on Friday, March 15th were given a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a yield of 2.92%. This is an increase from Xcel Energy’s previous quarterly dividend of $0.38. The ex-dividend date was Thursday, March 14th.
In other news, SVP Judy M. Poferl sold 8,953 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $55.86, for a total value of $500,114.58. Following the sale, the senior vice president now directly owns 8,855 shares in the company, valued at $494,640.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Benjamin G. S. Fowke III sold 75,000 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $55.13, for a total value of $4,134,750.00. The disclosure for this sale can be found here. Insiders sold 98,957 shares of company stock worth $5,431,127 over the last 90 days. Company insiders own 0.22% of the company’s stock.
Separately, Zacks Investment Research downgraded Xcel Energy from a “buy” rating to a “hold” rating in a research report on Monday, March 18th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Xcel Energy presently has an average rating of “Hold” and an average price target of $52.50.
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.
Further Reading: How is an ETF different from a mutual fund?
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.