Stephens Inc. AR boosted its holdings in Xcel Energy Inc (NYSE:XEL) by 2.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,415 shares of the utilities provider’s stock after purchasing an additional 652 shares during the quarter. Stephens Inc. AR’s holdings in Xcel Energy were worth $1,809,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in XEL. Manchester Financial Inc. acquired a new position in Xcel Energy in the second quarter valued at $26,000. Country Trust Bank increased its stake in Xcel Energy by 100.0% in the second quarter. Country Trust Bank now owns 700 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 350 shares during the last quarter. AGF Investments LLC acquired a new position in Xcel Energy in the second quarter valued at $44,000. Next Capital Management LLC acquired a new stake in Xcel Energy during the first quarter worth about $64,000. Finally, Personal Wealth Partners acquired a new stake in Xcel Energy during the second quarter worth about $71,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.
In other news, EVP Kent T. Larson sold 5,000 shares of the company’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $58.43, for a total value of $292,150.00. Following the completion of the sale, the executive vice president now owns 100,354 shares of the company’s stock, valued at $5,863,684.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Robert Frenzel sold 4,400 shares of the company’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $58.60, for a total value of $257,840.00. The disclosure for this sale can be found here. Insiders sold 69,400 shares of company stock valued at $4,112,790 in the last ninety days. Company insiders own 0.22% of the company’s stock.
Xcel Energy (NYSE:XEL) last announced its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.07). The business had revenue of $2.58 billion during the quarter, compared to the consensus estimate of $2.84 billion. Xcel Energy’s revenue was down 3.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.52 EPS.
Several equities research analysts have commented on XEL shares. Wolfe Research set a $57.00 price target on Xcel Energy and gave the stock a “hold” rating in a research note on Friday, April 26th. Barclays lowered Xcel Energy from an “overweight” rating to an “equal weight” rating and set a $64.00 price target for the company. in a research note on Tuesday, August 13th. They noted that the move was a valuation call. Morgan Stanley dropped their price target on Xcel Energy from $61.00 to $60.00 and set an “equal weight” rating for the company in a research note on Friday. Argus upped their price target on Xcel Energy to $64.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Finally, KeyCorp started coverage on Xcel Energy in a research note on Tuesday, June 4th. They set an “overweight” rating and a $62.00 price target for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $59.71.
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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