Regentatlantic Capital LLC raised its position in Xcel Energy Inc (NYSE:XEL) by 1.0% in the 1st quarter, HoldingsChannel.com reports. The fund owned 28,131 shares of the utilities provider’s stock after acquiring an additional 280 shares during the period. Regentatlantic Capital LLC’s holdings in Xcel Energy were worth $1,581,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. Capital Investment Advisory Services LLC acquired a new stake in shares of Xcel Energy in the 4th quarter worth $25,000. Claybrook Capital LLC acquired a new stake in shares of Xcel Energy in the 4th quarter worth $25,000. Altshuler Shaham Ltd acquired a new stake in shares of Xcel Energy in the 4th quarter worth $26,000. Bruderman Asset Management LLC acquired a new stake in shares of Xcel Energy in the 4th quarter worth $27,000. Finally, Somerset Trust Co lifted its stake in shares of Xcel Energy by 195.6% in the 1st quarter. Somerset Trust Co now owns 606 shares of the utilities provider’s stock worth $34,000 after acquiring an additional 401 shares during the period. Institutional investors own 73.96% of the company’s stock.
Shares of XEL traded up $0.12 during trading hours on Friday, reaching $56.18. The company had a trading volume of 89,209 shares, compared to its average volume of 3,344,502. Xcel Energy Inc has a 12-month low of $41.99 and a 12-month high of $57.51.
The business also recently declared 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 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date was Thursday, March 14th. This is an increase from Xcel Energy’s previous quarterly dividend of $0.38.
In other news, EVP Scott M. Wilensky sold 15,004 shares of the stock in a transaction dated Wednesday, February 13th. The shares were sold at an average price of $53.07, for a total value of $796,262.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Judy M. Poferl sold 8,953 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $55.86, for a total transaction of $500,114.58. Following the transaction, the senior vice president now owns 8,855 shares of the company’s stock, valued at $494,640.30. The disclosure for this sale can be found here. Insiders sold a total of 98,957 shares of company stock valued at $5,431,127 in the last quarter. Insiders own 0.22% of the company’s stock.
Several research firms have recently commented on XEL. Zacks Investment Research cut shares of Xcel Energy from a “buy” rating to a “hold” rating in a research note on Monday, March 18th. Wolfe Research set a $57.00 price target on shares of Xcel Energy and gave the company a “hold” rating in a report on Friday, April 26th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $53.14.
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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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