The Manufacturers Life Insurance Company decreased its position in shares of Xcel Energy Inc (NYSE:XEL) by 10.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 924,207 shares of the utilities provider’s stock after selling 105,694 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Xcel Energy were worth $44,464,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently bought and sold shares of XEL. WINTON GROUP Ltd purchased a new stake in Xcel Energy during the second quarter valued at approximately $640,000. Lord Abbett & CO. LLC lifted its position in Xcel Energy by 2.9% during the second quarter. Lord Abbett & CO. LLC now owns 101,400 shares of the utilities provider’s stock valued at $4,652,000 after acquiring an additional 2,900 shares during the last quarter. Quantitative Systematic Strategies LLC lifted its position in Xcel Energy by 96.8% during the third quarter. Quantitative Systematic Strategies LLC now owns 9,444 shares of the utilities provider’s stock valued at $447,000 after acquiring an additional 4,644 shares during the last quarter. Summit X LLC lifted its position in Xcel Energy by 28.7% during the third quarter. Summit X LLC now owns 9,140 shares of the utilities provider’s stock valued at $433,000 after acquiring an additional 2,040 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its position in Xcel Energy by 1.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,287,811 shares of the utilities provider’s stock valued at $60,940,000 after acquiring an additional 21,735 shares during the last quarter. 73.96% of the stock is owned by institutional investors.
A number of research analysts have issued reports on the stock. Zacks Investment Research cut shares of Xcel Energy from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. SunTrust Banks reaffirmed a “hold” rating and issued a $48.00 price target on shares of Xcel Energy in a report on Monday, December 4th. Morgan Stanley raised their price target on shares of Xcel Energy from $50.00 to $53.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 13th. ValuEngine raised shares of Xcel Energy from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Finally, Bank of America assumed coverage on shares of Xcel Energy in a report on Tuesday, October 24th. They issued a “buy” rating and a $53.00 price target for the company. Nine analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $48.00.
Xcel Energy (NYSE:XEL) last issued its earnings results on Wednesday, February 7th. The utilities provider reported $0.42 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.01). Xcel Energy had a return on equity of 10.44% and a net margin of 10.06%. The business had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.84 billion. During the same period last year, the business earned $0.45 EPS. The company’s revenue for the quarter was up .0% on a year-over-year basis. analysts forecast that Xcel Energy Inc will post 2.44 EPS for the current year.
In related news, EVP Marvin E. Jr. Mcdaniel sold 5,176 shares of the firm’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $51.07, for a total transaction of $264,338.32. Following the sale, the executive vice president now owns 81,371 shares in the company, valued at $4,155,616.97. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.22% of the company’s stock.
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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