Xcel Energy Inc. (XEL) Stake Boosted by Advisor Partners LLC

Advisor Partners LLC raised its stake in shares of Xcel Energy Inc. (NYSE:XEL) by 8.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,559 shares of the utilities provider’s stock after buying an additional 867 shares during the period. Advisor Partners LLC’s holdings in Xcel Energy were worth $484,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Carroll Financial Associates Inc. increased its position in shares of Xcel Energy by 14.5% in the second quarter. Carroll Financial Associates Inc. now owns 2,365 shares of the utilities provider’s stock valued at $108,000 after buying an additional 300 shares during the period. Founders Capital Management acquired a new position in shares of Xcel Energy during the first quarter valued at approximately $124,000. Reilly Financial Advisors LLC increased its position in shares of Xcel Energy by 5.8% in the first quarter. Reilly Financial Advisors LLC now owns 2,901 shares of the utilities provider’s stock valued at $129,000 after buying an additional 160 shares during the period. Sharkey Howes & Javer increased its position in shares of Xcel Energy by 0.5% in the first quarter. Sharkey Howes & Javer now owns 2,994 shares of the utilities provider’s stock valued at $133,000 after buying an additional 16 shares during the period. Finally, Independent Portfolio Consultants Inc. increased its position in shares of Xcel Energy by 89.9% in the second quarter. Independent Portfolio Consultants Inc. now owns 3,134 shares of the utilities provider’s stock valued at $144,000 after buying an additional 1,484 shares during the period. 72.60% of the stock is currently owned by institutional investors.

Shares of Xcel Energy Inc. (NYSE:XEL) traded up 0.68% during midday trading on Friday, hitting $49.00. The company had a trading volume of 2,236,647 shares. The company has a 50-day moving average of $47.15 and a 200 day moving average of $45.41. The firm has a market capitalization of $24.88 billion, a PE ratio of 21.63 and a beta of 0.19. Xcel Energy Inc. has a 12 month low of $38.00 and a 12 month high of $49.22.

Xcel Energy (NYSE:XEL) last released its earnings results on Thursday, July 27th. The utilities provider reported $0.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.02. Xcel Energy had a return on equity of 10.42% and a net margin of 10.08%. The firm had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.63 billion. During the same period in the previous year, the firm posted $0.39 EPS. Xcel Energy’s revenue for the quarter was up 5.8% on a year-over-year basis. On average, analysts expect that Xcel Energy Inc. will post $2.20 EPS for the current fiscal year.

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Several equities research analysts have weighed in on the company. Zacks Investment Research upgraded Xcel Energy from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a report on Wednesday, June 14th. Argus upped their target price on Xcel Energy from $50.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, June 14th. BidaskClub cut Xcel Energy from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 24th. Barclays PLC reiterated an “equal weight” rating and issued a $47.00 target price (up from $44.00) on shares of Xcel Energy in a report on Sunday, April 23rd. Finally, Morgan Stanley upped their target price on Xcel Energy from $45.00 to $46.00 and gave the stock an “equal weight” rating in a report on Thursday, August 10th. Ten research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Xcel Energy currently has a consensus rating of “Hold” and an average price target of $46.67.

In related news, EVP Kent T. Larson sold 10,000 shares of the business’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $47.25, for a total transaction of $472,500.00. Following the completion of the transaction, the executive vice president now directly owns 80,221 shares of the company’s stock, valued at approximately $3,790,442.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.22% of the company’s stock.

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.

Institutional Ownership by Quarter for Xcel Energy (NYSE:XEL)

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