Wealthfront Advisers LLC Raises Holdings in Xcel Energy Inc (NYSE:XEL)

Wealthfront Advisers LLC grew its position in shares of Xcel Energy Inc (NYSE:XEL) by 8.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,668 shares of the utilities provider’s stock after buying an additional 3,708 shares during the quarter. Wealthfront Advisers LLC’s holdings in Xcel Energy were worth $3,223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund lifted its holdings in shares of Xcel Energy by 17.3% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 125,777 shares of the utilities provider’s stock valued at $7,482,000 after buying an additional 18,520 shares during the period. Carillon Tower Advisers Inc. lifted its holdings in shares of Xcel Energy by 202.6% during the 2nd quarter. Carillon Tower Advisers Inc. now owns 1,349,000 shares of the utilities provider’s stock valued at $80,252,000 after buying an additional 903,125 shares during the period. CIBC Private Wealth Group LLC lifted its holdings in shares of Xcel Energy by 21.3% during the 2nd quarter. CIBC Private Wealth Group LLC now owns 33,609 shares of the utilities provider’s stock valued at $2,000,000 after buying an additional 5,894 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Xcel Energy by 3.5% during the 2nd quarter. Wells Fargo & Company MN now owns 3,663,608 shares of the utilities provider’s stock valued at $217,948,000 after buying an additional 122,799 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of Xcel Energy by 1.7% during the 2nd quarter. Northern Trust Corp now owns 6,979,875 shares of the utilities provider’s stock valued at $415,232,000 after buying an additional 114,729 shares during the period. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

In other Xcel Energy news, insider Christopher B. Clark sold 2,500 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $62.38, for a total value of $155,950.00. Following the completion of the sale, the insider now owns 16,560 shares in the company, valued at approximately $1,033,012.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Mark E. Stoering sold 4,882 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $64.87, for a total value of $316,695.34. Following the completion of the sale, the insider now owns 51,797 shares of the company’s stock, valued at approximately $3,360,071.39. The disclosure for this sale can be found here. Insiders sold a total of 49,382 shares of company stock valued at $3,133,045 in the last quarter. 0.22% of the stock is currently owned by company insiders.

Xcel Energy stock traded up $0.29 during trading on Wednesday, reaching $63.44. The company had a trading volume of 949,362 shares, compared to its average volume of 3,263,334. Xcel Energy Inc has a 52 week low of $47.44 and a 52 week high of $66.05. The firm’s 50-day simple moving average is $64.17 and its 200 day simple moving average is $60.16.

Xcel Energy (NYSE:XEL) last announced its earnings results on Thursday, August 1st. The utilities provider reported $0.46 EPS for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.07). The company had revenue of $2.58 billion during the quarter, compared to the consensus estimate of $2.84 billion. During the same quarter in the prior year, the company posted $0.52 earnings per share. The business’s revenue for the quarter was down 3.0% compared to the same quarter last year.

The firm also recently declared a quarterly dividend, which will be paid on Sunday, October 20th. Shareholders of record on Friday, September 13th will be paid a $0.405 dividend. The ex-dividend date is Thursday, September 12th. This represents a $1.62 dividend on an annualized basis and a yield of 2.55%.

XEL has been the topic of a number of recent research reports. UBS Group raised their target price on Xcel Energy from $63.00 to $66.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. Zacks Investment Research raised Xcel Energy from a “sell” rating to a “hold” rating and set a $66.00 target price on the stock in a report on Monday, August 26th. Bank of America cut Xcel Energy from a “neutral” rating to an “underperform” rating and set a $62.00 target price on the stock. in a report on Monday, September 30th. SunTrust Banks set a $63.00 target price on Xcel Energy and gave the stock a “hold” rating in a report on Tuesday, September 3rd. Finally, Barclays cut Xcel Energy from an “overweight” rating to an “equal weight” rating and set a $64.00 target price on the stock. in a report on Tuesday, August 13th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $63.10.

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

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