WESPAC Advisors LLC grew its holdings in Xcel Energy Inc (NYSE:XEL) by 24.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,628 shares of the utilities provider’s stock after acquiring an additional 1,699 shares during the period. WESPAC Advisors LLC’s holdings in Xcel Energy were worth $513,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also bought and sold shares of the company. Manchester Financial Inc. purchased a new stake in shares of Xcel Energy in the second quarter valued at about $26,000. Somerset Trust Co lifted its stake in shares of Xcel Energy by 195.6% during the first quarter. Somerset Trust Co now owns 606 shares of the utilities provider’s stock valued at $34,000 after buying an additional 401 shares during the period. First Bank & Trust purchased a new position in shares of Xcel Energy during the first quarter valued at approximately $39,000. Country Trust Bank lifted its stake in shares of Xcel Energy by 100.0% during the second quarter. Country Trust Bank now owns 700 shares of the utilities provider’s stock valued at $41,000 after buying an additional 350 shares during the period. Finally, Legacy Advisors LLC purchased a new position in shares of Xcel Energy during the first quarter valued at approximately $43,000. Institutional investors and hedge funds own 73.96% of the company’s stock.
Several equities analysts recently issued reports on the stock. Morgan Stanley upped their price objective on shares of Xcel Energy from $57.00 to $60.00 and gave the company an “equal weight” rating in a research note on Friday, June 14th. Argus upped their price objective on shares of Xcel Energy to $64.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Wolfe Research set a $57.00 price objective on shares of Xcel Energy and gave the company a “hold” rating in a research note on Friday, April 26th. KeyCorp began coverage on shares of Xcel Energy in a research note on Tuesday, June 4th. They set an “overweight” rating and a $62.00 price objective on the stock. Finally, Zacks Investment Research downgraded shares of Xcel Energy from a “hold” rating to a “sell” rating and set a $64.00 price target on the stock. in a research note on Saturday, July 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $59.71.
Xcel Energy (NYSE:XEL) last released its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.46 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.07). The company had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.84 billion. The company’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period last year, the firm posted $0.52 earnings per share.
The company also recently declared a quarterly dividend, which was paid on Saturday, July 20th. Investors of record on Friday, June 14th were issued a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date was Thursday, June 13th.
In related news, CFO Robert Frenzel sold 4,400 shares of the firm’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $58.60, for a total transaction of $257,840.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP David L. Eves sold 10,000 shares of the firm’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $57.23, for a total transaction of $572,300.00. Following the sale, the executive vice president now directly owns 58,681 shares of the company’s stock, valued at $3,358,313.63. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 69,400 shares of company stock valued at $4,112,790. Company insiders own 0.22% of the company’s stock.
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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