Duff & Phelps Investment Management Co. decreased its stake in Xcel Energy Inc (NYSE:XEL) by 8.5% during the 1st quarter, HoldingsChannel.com reports. The fund owned 1,924,841 shares of the utilities provider’s stock after selling 177,950 shares during the period. Xcel Energy makes up 1.6% of Duff & Phelps Investment Management Co.’s portfolio, making the stock its 12th largest position. Duff & Phelps Investment Management Co.’s holdings in Xcel Energy were worth $108,195,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the business. Northstar Investment Advisors LLC grew its stake in Xcel Energy by 1.1% during the first quarter. Northstar Investment Advisors LLC now owns 18,817 shares of the utilities provider’s stock valued at $1,058,000 after acquiring an additional 205 shares in the last quarter. Private Capital Group LLC grew its stake in Xcel Energy by 16.9% during the fourth quarter. Private Capital Group LLC now owns 1,496 shares of the utilities provider’s stock valued at $74,000 after acquiring an additional 216 shares in the last quarter. Central Bank & Trust Co. grew its stake in Xcel Energy by 0.3% during the fourth quarter. Central Bank & Trust Co. now owns 82,477 shares of the utilities provider’s stock valued at $4,064,000 after acquiring an additional 223 shares in the last quarter. Dean Investment Associates LLC grew its stake in Xcel Energy by 1.0% during the fourth quarter. Dean Investment Associates LLC now owns 22,097 shares of the utilities provider’s stock valued at $1,089,000 after acquiring an additional 223 shares in the last quarter. Finally, Kaizen Advisory LLC grew its stake in Xcel Energy by 20.9% during the fourth quarter. Kaizen Advisory LLC now owns 1,329 shares of the utilities provider’s stock valued at $65,000 after acquiring an additional 230 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors and hedge funds.
In other news, SVP Judy M. Poferl sold 8,953 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $55.86, for a total value of $500,114.58. Following the completion of the sale, the senior vice president now owns 8,855 shares of the company’s stock, valued at approximately $494,640.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Scott M. Wilensky sold 15,004 shares of the company’s stock in a transaction on Wednesday, February 13th. The shares were sold at an average price of $53.07, for a total transaction of $796,262.28. The disclosure for this sale can be found here. Insiders sold a total of 98,957 shares of company stock valued at $5,431,127 in the last ninety days. 0.22% of the stock is owned by corporate insiders.
Xcel Energy (NYSE:XEL) last announced its quarterly earnings data on Thursday, January 31st. The utilities provider reported $0.42 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.42. The business had revenue of $2.88 billion during the quarter, compared to analysts’ expectations of $2.86 billion.
The firm also recently disclosed a quarterly dividend, which was paid on Saturday, April 20th. Stockholders of record on Friday, March 15th were paid a $0.405 dividend. This is a boost from Xcel Energy’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 2.93%.
Separately, Zacks Investment Research raised shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a research note on Monday, February 4th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Xcel Energy has an average rating of “Hold” and an average target price of $52.50.
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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.
See Also: Return on Equity (ROE)
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