Thompson Siegel & Walmsley LLC reduced its holdings in Xcel Energy Inc. (NYSE:XEL) by 20.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 711,388 shares of the utilities provider’s stock after selling 183,073 shares during the quarter. Thompson Siegel & Walmsley LLC owned 0.14% of Xcel Energy worth $33,663,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in XEL. Eqis Capital Management Inc. raised its holdings in shares of Xcel Energy by 0.5% in the 2nd quarter. Eqis Capital Management Inc. now owns 5,325 shares of the utilities provider’s stock worth $244,000 after purchasing an additional 29 shares in the last quarter. Farmers & Merchants Investments Inc. increased its position in shares of Xcel Energy by 0.8% in the second quarter. Farmers & Merchants Investments Inc. now owns 11,598 shares of the utilities provider’s stock worth $532,000 after acquiring an additional 97 shares in the last quarter. Forsta AP Fonden increased its position in shares of Xcel Energy by 7.4% in the second quarter. Forsta AP Fonden now owns 197,963 shares of the utilities provider’s stock worth $9,083,000 after acquiring an additional 13,600 shares in the last quarter. Financial Architects Inc increased its position in shares of Xcel Energy by 3.1% in the second quarter. Financial Architects Inc now owns 3,869 shares of the utilities provider’s stock worth $177,000 after acquiring an additional 116 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC purchased a new position in shares of Xcel Energy in the second quarter worth approximately $221,000. Institutional investors and hedge funds own 72.86% of the company’s stock.
In other Xcel Energy news, insider Mark E. Stoering sold 20,187 shares of Xcel Energy stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $49.66, for a total value of $1,002,486.42. Following the completion of the sale, the insider now directly owns 48,424 shares in the company, valued at $2,404,735.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Timothy V. Wolf sold 3,000 shares of Xcel Energy stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $49.48, for a total transaction of $148,440.00. Following the completion of the sale, the director now owns 3,700 shares of the company’s stock, valued at $183,076. The disclosure for this sale can be found here. Insiders own 0.22% of the company’s stock.
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Xcel Energy (NYSE:XEL) last announced its quarterly earnings data on Thursday, October 26th. The utilities provider reported $0.97 EPS for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.05. Xcel Energy had a net margin of 10.40% and a return on equity of 10.63%. The firm had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $3.27 billion. During the same period in the previous year, the firm posted $0.90 earnings per share. The firm’s revenue was down .8% on a year-over-year basis. equities analysts predict that Xcel Energy Inc. will post 2.31 earnings per share for the current year.
Several research firms have recently weighed in on XEL. Mizuho reissued a “hold” rating and issued a $46.00 target price on shares of Xcel Energy in a research report on Friday, September 29th. ValuEngine raised shares of Xcel Energy from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. BMO Capital Markets lifted their target price on shares of Xcel Energy from $46.00 to $47.00 and gave the stock a “market perform” rating in a research report on Friday, July 28th. Royal Bank Of Canada reissued a “hold” rating and issued a $48.00 target price on shares of Xcel Energy in a research report on Tuesday, October 10th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $50.00 target price on shares of Xcel Energy in a research report on Friday, October 6th. Nine equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Xcel Energy has an average rating of “Hold” and a consensus target price of $48.91.
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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