CenturyLink Investment Management Co Reduces Stake in Xcel Energy Inc (NYSE:XEL)

CenturyLink Investment Management Co lowered its position in shares of Xcel Energy Inc (NYSE:XEL) by 12.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,610 shares of the utilities provider’s stock after selling 3,793 shares during the quarter. CenturyLink Investment Management Co’s holdings in Xcel Energy were worth $1,552,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in XEL. BlackRock Inc. lifted its holdings in shares of Xcel Energy by 6.9% during the fourth quarter. BlackRock Inc. now owns 47,113,265 shares of the utilities provider’s stock valued at $2,321,271,000 after purchasing an additional 3,053,820 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Xcel Energy by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 38,706,426 shares of the utilities provider’s stock worth $1,827,330,000 after purchasing an additional 578,219 shares in the last quarter. Vanguard Group Inc raised its stake in shares of Xcel Energy by 1.5% during the 3rd quarter. Vanguard Group Inc now owns 38,706,426 shares of the utilities provider’s stock worth $1,827,330,000 after purchasing an additional 578,219 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Xcel Energy by 12.5% during the 4th quarter. Geode Capital Management LLC now owns 7,770,007 shares of the utilities provider’s stock worth $382,256,000 after purchasing an additional 863,010 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Xcel Energy by 7.0% during the 4th quarter. Northern Trust Corp now owns 6,734,183 shares of the utilities provider’s stock worth $331,792,000 after purchasing an additional 443,462 shares in the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.

XEL opened at $55.92 on Friday. Xcel Energy Inc has a 12-month low of $41.99 and a 12-month high of $57.51.

Xcel Energy (NYSE:XEL) last released its earnings results on Thursday, April 25th. The utilities provider reported $0.61 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.61. The business had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.11 billion. During the same period last year, the business 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 was paid on Saturday, April 20th. Stockholders of record on Friday, March 15th were issued a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a dividend yield of 2.90%. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.38.

A number of equities research analysts have recently weighed in on the company. Wolfe Research set a $57.00 price target on Xcel Energy and gave the stock a “hold” rating in a research note on Friday. Zacks Investment Research downgraded Xcel Energy from a “buy” rating to a “hold” rating in a research note on Monday, March 18th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $53.14.

In related news, EVP Scott M. Wilensky sold 15,004 shares of the company’s stock in a transaction dated Wednesday, February 13th. The stock was sold at an average price of $53.07, for a total transaction of $796,262.28. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Judy M. Poferl sold 8,953 shares of the company’s stock in a transaction dated 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 owns 8,855 shares in the company, valued at approximately $494,640.30. The disclosure for this sale can be found here. Insiders have sold a total of 98,957 shares of company stock worth $5,431,127 in the last three months. 0.22% of the stock is owned by insiders.

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

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