Honkamp Krueger Financial Services Inc. Buys Shares of 4,467 Xcel Energy Inc (XEL)

Honkamp Krueger Financial Services Inc. bought a new stake in shares of Xcel Energy Inc (NYSE:XEL) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,467 shares of the utilities provider’s stock, valued at approximately $211,000.

A number of other large investors have also recently added to or reduced their stakes in the business. BlackRock Inc. increased its position in Xcel Energy by 1.7% during the 3rd quarter. BlackRock Inc. now owns 44,059,445 shares of the utilities provider’s stock valued at $2,080,045,000 after purchasing an additional 752,647 shares during the period. Boston Partners grew its position in shares of Xcel Energy by 3.0% during the 2nd quarter. Boston Partners now owns 5,957,623 shares of the utilities provider’s stock worth $272,145,000 after buying an additional 172,830 shares during the period. American Century Companies Inc. grew its position in shares of Xcel Energy by 1.0% during the 3rd quarter. American Century Companies Inc. now owns 5,255,488 shares of the utilities provider’s stock worth $248,112,000 after buying an additional 52,950 shares during the period. Legal & General Group Plc grew its position in shares of Xcel Energy by 4.4% during the 2nd quarter. Legal & General Group Plc now owns 4,778,106 shares of the utilities provider’s stock worth $218,242,000 after buying an additional 201,064 shares during the period. Finally, Bank of America Corp DE grew its position in shares of Xcel Energy by 6.2% during the 2nd quarter. Bank of America Corp DE now owns 4,055,913 shares of the utilities provider’s stock worth $185,274,000 after buying an additional 238,395 shares during the period. 73.96% of the stock is owned by institutional investors and hedge funds.

In related news, SVP Judy M. Poferl sold 7,182 shares of Xcel Energy stock in a transaction on Friday, September 7th. The shares were sold at an average price of $48.67, for a total value of $349,547.94. Following the completion of the sale, the senior vice president now owns 25,460 shares of the company’s stock, valued at approximately $1,239,138.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Lynn Casey purchased 1,000 shares of Xcel Energy stock in a transaction that occurred on Wednesday, September 5th. The stock was acquired at an average cost of $48.89 per share, with a total value of $48,890.00. Following the transaction, the director now owns 3,131 shares in the company, valued at approximately $153,074.59. The disclosure for this purchase can be found here. Company insiders own 0.22% of the company’s stock.

NYSE XEL opened at $52.45 on Friday. Xcel Energy Inc has a 12-month low of $41.51 and a 12-month high of $52.49.

Xcel Energy (NYSE:XEL) last posted its quarterly earnings results on Thursday, October 25th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.02). The company had revenue of $3.05 billion for the quarter, compared to analyst estimates of $3.08 billion.

Several analysts have recently commented on XEL shares. Zacks Investment Research downgraded shares of Xcel Energy from a “buy” rating to a “hold” rating in a research report on Saturday, November 17th. Barclays set a $54.00 price objective on shares of Xcel Energy and gave the stock a “buy” rating in a research report on Monday, November 19th. Mizuho downgraded shares of Xcel Energy from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $48.50 to $47.00 in a research report on Friday, November 2nd. Argus raised their price objective on shares of Xcel Energy from $53.00 to $57.00 and gave the stock a “buy” rating in a research report on Wednesday, October 31st. Finally, Morgan Stanley downgraded shares of Xcel Energy from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $52.00 to $50.00 in a research report on Friday, September 21st. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $50.00.

TRADEMARK VIOLATION WARNING: This story was first reported by Community Financial News and is owned by of Community Financial News. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of US & international trademark & copyright laws. The legal version of this story can be viewed at https://www.com-unik.info/2018/12/02/honkamp-krueger-financial-services-inc-buys-shares-of-4467-xcel-energy-inc-xel.html.

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.

Read More: Earnings Reports

Want to see what other hedge funds are holding XEL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xcel Energy Inc (NYSE:XEL).

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

Receive News & Ratings for Xcel Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xcel Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit