First Republic Investment Management Inc. raised its holdings in Xcel Energy Inc (NYSE:XEL) by 20.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,594 shares of the utilities provider’s stock after buying an additional 1,990 shares during the quarter. First Republic Investment Management Inc.’s holdings in Xcel Energy were worth $652,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in XEL. BlackRock Inc. grew its holdings in shares of Xcel Energy by 6.9% during the 4th quarter. BlackRock Inc. now owns 47,113,265 shares of the utilities provider’s stock worth $2,321,271,000 after purchasing an additional 3,053,820 shares in the last quarter. Oregon Public Employees Retirement Fund grew its holdings in shares of Xcel Energy by 4,766.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,702,706 shares of the utilities provider’s stock worth $55,000 after purchasing an additional 2,647,167 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Xcel Energy during the 1st quarter worth approximately $50,985,000. Geode Capital Management LLC grew its holdings 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, California Public Employees Retirement System grew its holdings in shares of Xcel Energy by 44.1% during the 4th quarter. California Public Employees Retirement System now owns 2,796,990 shares of the utilities provider’s stock worth $137,808,000 after purchasing an additional 855,855 shares in the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:XEL opened at $57.22 on Thursday. Xcel Energy Inc has a 1-year low of $41.99 and a 1-year high of $57.85.
The business also recently announced a quarterly dividend, which will be paid on Saturday, July 20th. Investors of record on Friday, June 14th will be given a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a dividend yield of 2.83%.
Several analysts have recently weighed in on the company. Zacks Investment Research lowered Xcel Energy from a “buy” rating to a “hold” rating and set a $60.00 price objective on the stock. in a report on Saturday, February 16th. Wolfe Research set a $57.00 price objective on Xcel Energy and gave the stock a “hold” rating in a report on Friday, April 26th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $53.14.
In related news, SVP Judy M. Poferl sold 8,953 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $55.86, for a total transaction of $500,114.58. Following the completion of the transaction, the senior vice president now owns 8,855 shares in the company, valued at approximately $494,640.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Benjamin G. S. Fowke III sold 75,000 shares of the firm’s 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 disclosure for this sale can be found here. 0.22% of the stock is owned by company insiders.
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.
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