Wambolt & Associates LLC raised its holdings in shares of Xcel Energy Inc (NYSE:XEL) by 449.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,161 shares of the utilities provider’s stock after purchasing an additional 20,581 shares during the period. Xcel Energy accounts for approximately 1.3% of Wambolt & Associates LLC’s holdings, making the stock its 23rd biggest holding. Wambolt & Associates LLC’s holdings in Xcel Energy were worth $1,403,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in XEL. Capital Investment Advisory Services LLC bought a new stake in Xcel Energy during the 4th quarter worth approximately $25,000. Claybrook Capital LLC bought a new stake in Xcel Energy during the 4th quarter worth approximately $25,000. Altshuler Shaham Ltd bought a new stake in Xcel Energy during the 4th quarter worth approximately $26,000. Bruderman Asset Management LLC bought a new stake in Xcel Energy during the 4th quarter worth approximately $27,000. Finally, Group One Trading L.P. bought a new stake in Xcel Energy during the 4th quarter worth approximately $32,000. Institutional investors own 73.96% of the company’s stock.
In other news, Chairman Benjamin G. S. Fowke III sold 75,000 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $55.13, for a total value of $4,134,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Scott M. Wilensky sold 15,004 shares of the firm’s stock in a transaction on Wednesday, February 13th. The shares were sold at an average price of $53.07, for a total value of $796,262.28. The disclosure for this sale can be found here. In the last three months, insiders sold 98,957 shares of company stock valued at $5,431,127. 0.22% of the stock is currently owned by insiders.
Shares of XEL opened at $56.58 on Friday. Xcel Energy Inc has a twelve month low of $41.99 and a twelve month high of $57.51.
Xcel Energy (NYSE:XEL) last issued its quarterly earnings results on Thursday, April 25th. The utilities provider reported $0.61 earnings per share for the quarter, hitting the consensus estimate of $0.61. The business had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.11 billion. Xcel Energy’s revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.57 earnings per share.
The business also recently disclosed a quarterly dividend, which was paid on Saturday, April 20th. Stockholders of record on Friday, March 15th were issued a $0.405 dividend. This represents a $1.62 annualized dividend and a dividend yield of 2.86%. The ex-dividend date was Thursday, March 14th. This is an increase from Xcel Energy’s previous quarterly dividend of $0.38.
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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.
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