USS Investment Management Ltd cut its stake in Xcel Energy Inc (NYSE:XEL) by 11.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 139,482 shares of the utilities provider’s stock after selling 17,700 shares during the quarter. USS Investment Management Ltd’s holdings in Xcel Energy were worth $6,710,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in XEL. Neuberger Berman Group LLC increased its holdings in Xcel Energy by 11.2% during the 2nd quarter. Neuberger Berman Group LLC now owns 11,558 shares of the utilities provider’s stock valued at $530,000 after purchasing an additional 1,168 shares in the last quarter. Eaton Vance Management increased its holdings in Xcel Energy by 0.8% during the 2nd quarter. Eaton Vance Management now owns 22,487 shares of the utilities provider’s stock valued at $1,032,000 after purchasing an additional 185 shares in the last quarter. Raymond James Trust N.A. increased its holdings in Xcel Energy by 39.7% during the 2nd quarter. Raymond James Trust N.A. now owns 6,959 shares of the utilities provider’s stock valued at $319,000 after purchasing an additional 1,976 shares in the last quarter. BlueMountain Capital Management LLC increased its holdings in Xcel Energy by 1,311.7% during the 2nd quarter. BlueMountain Capital Management LLC now owns 30,479 shares of the utilities provider’s stock valued at $1,398,000 after purchasing an additional 28,320 shares in the last quarter. Finally, BT Investment Management Ltd acquired a new stake in Xcel Energy during the 2nd quarter valued at $463,000. 73.32% of the stock is owned by hedge funds and other institutional investors.
Shares of Xcel Energy Inc (XEL) opened at $45.29 on Wednesday. The company has a market capitalization of $22,925.50, a price-to-earnings ratio of 19.30, a PEG ratio of 3.38 and a beta of 0.21. Xcel Energy Inc has a 52 week low of $40.43 and a 52 week high of $52.22. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.87 and a quick ratio of 0.68.
The business also recently declared a quarterly dividend, which will be paid on Saturday, January 20th. Stockholders of record on Thursday, December 28th will be given a $0.36 dividend. The ex-dividend date of this dividend is Wednesday, December 27th. This represents a $1.44 annualized dividend and a dividend yield of 3.18%. Xcel Energy’s dividend payout ratio is currently 61.54%.
A number of equities research analysts recently weighed in on the company. SunTrust Banks reaffirmed a “hold” rating and set a $42.00 price target on shares of Xcel Energy in a report on Wednesday. Zacks Investment Research raised Xcel Energy from a “sell” rating to a “hold” rating in a report on Monday. ValuEngine raised Xcel Energy from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Morgan Stanley raised their price target on Xcel Energy from $50.00 to $53.00 and gave the company an “equal weight” rating in a report on Wednesday, December 13th. Finally, Bank of America started coverage on Xcel Energy in a report on Tuesday, October 24th. They set a “buy” rating and a $53.00 price target for the company. Nine investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Xcel Energy has a consensus rating of “Hold” and a consensus target price of $48.91.
In other news, EVP Marvin E. Jr. Mcdaniel sold 5,176 shares of the firm’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $51.07, for a total value of $264,338.32. Following the transaction, the executive vice president now directly owns 81,371 shares in the company, valued at approximately $4,155,616.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark E. Stoering sold 20,187 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $49.66, for a total value of $1,002,486.42. Following the completion of the transaction, the insider now owns 48,424 shares in the company, valued at $2,404,735.84. The disclosure for this sale can be found here. Insiders sold a total of 28,363 shares of company stock worth $1,415,265 over the last 90 days. 0.22% of the stock is owned by corporate insiders.
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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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