AE Wealth Management LLC Increases Stake in Xcel Energy Inc. (XEL)
AE Wealth Management LLC increased its stake in shares of Xcel Energy Inc. (NYSE:XEL) by 21.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,818 shares of the utilities provider’s stock after acquiring an additional 1,909 shares during the period. AE Wealth Management LLC’s holdings in Xcel Energy were worth $512,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Parallel Advisors LLC grew its holdings in Xcel Energy by 1.6% during the second quarter. Parallel Advisors LLC now owns 2,227 shares of the utilities provider’s stock worth $105,000 after acquiring an additional 36 shares during the period. Carroll Financial Associates Inc. grew its holdings in Xcel Energy by 14.5% during the second quarter. Carroll Financial Associates Inc. now owns 2,365 shares of the utilities provider’s stock worth $108,000 after acquiring an additional 300 shares during the period. Sandy Spring Bank grew its holdings in Xcel Energy by 24.8% during the second quarter. Sandy Spring Bank now owns 2,401 shares of the utilities provider’s stock worth $110,000 after acquiring an additional 477 shares during the period. Dupont Capital Management Corp acquired a new stake in Xcel Energy during the second quarter worth about $135,000. Finally, Sun Life Financial INC grew its holdings in Xcel Energy by 30,858.3% during the second quarter. Sun Life Financial INC now owns 3,715 shares of the utilities provider’s stock worth $170,000 after acquiring an additional 3,703 shares during the period. 72.86% of the stock is currently owned by hedge funds and other institutional investors.
XEL has been the topic of several research analyst reports. Jefferies Group LLC reissued a “hold” rating and issued a $50.00 price objective on shares of Xcel Energy in a report on Thursday, August 31st. J P Morgan Chase & Co raised their price objective on Xcel Energy from $51.00 to $53.00 and gave the company an “overweight” rating in a report on Thursday, October 12th. SunTrust Banks, Inc. reissued a “hold” rating and issued a $47.00 price objective on shares of Xcel Energy in a report on Tuesday, October 24th. Morgan Stanley raised their price objective on Xcel Energy from $46.00 to $48.00 and gave the company an “equal weight” rating in a report on Friday, September 8th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $48.00 price objective on shares of Xcel Energy in a report on Tuesday, October 10th. Nine investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $48.91.
In related news, insider Mark E. Stoering sold 20,187 shares of Xcel Energy stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $49.66, for a total transaction of $1,002,486.42. Following the transaction, the insider now owns 48,424 shares in the company, valued at $2,404,735.84. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Timothy V. Wolf sold 3,000 shares of Xcel Energy stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $49.48, for a total value of $148,440.00. Following the transaction, the director now owns 3,700 shares in the company, valued at approximately $183,076. The disclosure for this sale can be found here. Company insiders own 0.22% of the company’s stock.
Shares of Xcel Energy Inc. (NYSE XEL) traded down $0.30 during trading on Tuesday, reaching $50.59. The company had a trading volume of 2,176,500 shares, compared to its average volume of 2,598,646. Xcel Energy Inc. has a 52-week low of $38.22 and a 52-week high of $52.22. The stock has a market capitalization of $25,840.00, a P/E ratio of 21.75, a price-to-earnings-growth ratio of 4.03 and a beta of 0.21. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.68 and a current ratio of 0.87.
Xcel Energy (NYSE:XEL) last announced its quarterly earnings data on Thursday, October 26th. The utilities provider reported $0.97 EPS for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.05. Xcel Energy had a return on equity of 10.63% and a net margin of 10.40%. The firm had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $3.27 billion. During the same quarter last year, the business posted $0.90 earnings per share. The firm’s revenue was down .8% compared to the same quarter last year. equities analysts predict that Xcel Energy Inc. will post 2.31 EPS for the current fiscal year.
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.
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