AE Wealth Management LLC Buys 877 Shares of Xcel Energy Inc (NYSE:XEL)

AE Wealth Management LLC raised its stake in Xcel Energy Inc (NYSE:XEL) by 4.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,640 shares of the utilities provider’s stock after purchasing an additional 877 shares during the quarter. AE Wealth Management LLC’s holdings in Xcel Energy were worth $1,404,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Magellan Asset Management Ltd boosted its stake in shares of Xcel Energy by 233.3% during the 2nd quarter. Magellan Asset Management Ltd now owns 11,720,869 shares of the utilities provider’s stock worth $697,274,000 after acquiring an additional 8,204,411 shares during the period. Scout Investments Inc. grew its position in Xcel Energy by 196.1% during the 2nd quarter. Scout Investments Inc. now owns 1,967,843 shares of the utilities provider’s stock worth $117,067,000 after acquiring an additional 1,303,156 shares during the last quarter. JPMorgan Chase & Co. grew its position in Xcel Energy by 2.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 40,037,447 shares of the utilities provider’s stock worth $2,373,420,000 after acquiring an additional 918,607 shares during the last quarter. Carillon Tower Advisers Inc. grew its position in 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 worth $80,252,000 after acquiring an additional 903,125 shares during the last quarter. Finally, California Public Employees Retirement System grew its position in Xcel Energy by 18.2% during the 2nd quarter. California Public Employees Retirement System now owns 3,940,117 shares of the utilities provider’s stock worth $234,398,000 after acquiring an additional 608,069 shares during the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

In other Xcel Energy news, insider Christopher B. Clark sold 2,500 shares of the company’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $62.38, for a total value of $155,950.00. Following the sale, the insider now owns 16,560 shares in the company, valued at approximately $1,033,012.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Mark E. Stoering sold 4,882 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were 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 in the company, valued at approximately $3,360,071.39. The disclosure for this sale can be found here. Insiders sold a total of 34,382 shares of company stock worth $2,207,395 in the last quarter. Corporate insiders own 0.22% of the company’s stock.

NYSE XEL opened at $61.30 on Friday. The business’s 50-day moving average price is $63.28 and its two-hundred day moving average price is $61.18. Xcel Energy Inc has a 12 month low of $47.70 and a 12 month high of $66.05.

Xcel Energy (NYSE:XEL) last released its quarterly earnings results on Thursday, October 24th. The utilities provider reported $1.01 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.02). The business had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $3.55 billion. During the same quarter in the previous year, the business earned $0.96 EPS. The company’s revenue was down 1.1% on a year-over-year basis.

The business also recently declared a quarterly dividend, which was paid on Sunday, October 20th. Shareholders of record on Friday, September 13th were given a $0.405 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 2.64%.

XEL has been the topic of a number of research reports. UBS Group boosted their price objective on Xcel Energy from $63.00 to $66.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Zacks Investment Research upgraded Xcel Energy from a “sell” rating to a “hold” rating and set a $66.00 price objective on the stock in a research report on Monday, August 26th. Barclays lowered Xcel Energy from an “overweight” rating to an “equal weight” rating and set a $64.00 price objective on the stock. in a research report on Tuesday, August 13th. They noted that the move was a valuation call. KeyCorp boosted their price objective on Xcel Energy from $67.00 to $73.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Finally, Mizuho boosted their price objective on Xcel Energy from $50.00 to $64.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. Xcel Energy currently has an average rating of “Hold” and a consensus price target of $64.20.

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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