Enlightenment Research LLC acquired a new position in shares of Xcel Energy Inc (NYSE:XEL) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,600 shares of the utilities provider’s stock, valued at approximately $259,000.
A number of other hedge funds and other institutional investors also recently bought and sold shares of XEL. BlackRock Inc. increased its holdings in Xcel Energy by 6.9% during the fourth quarter. BlackRock Inc. now owns 47,113,265 shares of the utilities provider’s stock worth $2,321,271,000 after buying an additional 3,053,820 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in Xcel Energy by 4,766.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,702,706 shares of the utilities provider’s stock worth $55,000 after buying an additional 2,647,167 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Xcel Energy during the first quarter worth about $50,985,000. Geode Capital Management LLC increased its holdings in Xcel Energy by 12.5% during the fourth quarter. Geode Capital Management LLC now owns 7,770,007 shares of the utilities provider’s stock worth $382,256,000 after buying an additional 863,010 shares during the last quarter. Finally, California Public Employees Retirement System increased its holdings in Xcel Energy by 44.1% during the fourth quarter. California Public Employees Retirement System now owns 2,796,990 shares of the utilities provider’s stock worth $137,808,000 after buying an additional 855,855 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.
Shares of NYSE:XEL opened at $57.21 on Friday. Xcel Energy Inc has a twelve month low of $41.99 and a twelve month high of $57.51.
The firm 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 2.83%. The ex-dividend date was Thursday, March 14th. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.38.
In other Xcel Energy 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 transaction of $796,262.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Judy M. Poferl sold 8,953 shares of the stock in a transaction dated Monday, March 11th. The stock was 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 approximately $494,640.30. The disclosure for this sale can be found here. Insiders have sold 98,957 shares of company stock valued at $5,431,127 in the last quarter. Company insiders own 0.22% of the company’s stock.
A number of equities analysts have weighed in on XEL shares. Zacks Investment Research upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a research report on Monday, February 4th. Wolfe Research set a $57.00 target price on shares of Xcel Energy and gave the stock a “hold” rating in a research report on Friday, April 26th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $53.14.
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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