Private Trust Co. NA Acquires Shares of 4,637 Xcel Energy Inc (XEL)
Private Trust Co. NA acquired a new stake in shares of Xcel Energy Inc (NYSE:XEL) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,637 shares of the utilities provider’s stock, valued at approximately $218,000.
A number of other hedge funds have also modified their holdings of the stock. Point72 Asia Hong Kong Ltd boosted its stake in Xcel Energy by 328.8% in the first quarter. Point72 Asia Hong Kong Ltd now owns 3,280 shares of the utilities provider’s stock valued at $149,000 after acquiring an additional 2,515 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in Xcel Energy by 105.3% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 4,774 shares of the utilities provider’s stock valued at $154,000 after acquiring an additional 2,449 shares in the last quarter. Centaurus Financial Inc. acquired a new stake in Xcel Energy in the second quarter valued at approximately $166,000. Poehling Capital Management LLC boosted its stake in Xcel Energy by 91.2% in the second quarter. Poehling Capital Management LLC now owns 3,797 shares of the utilities provider’s stock valued at $173,000 after acquiring an additional 1,811 shares in the last quarter. Finally, Parallel Advisors LLC boosted its stake in Xcel Energy by 92.0% in the second quarter. Parallel Advisors LLC now owns 4,170 shares of the utilities provider’s stock valued at $190,000 after acquiring an additional 1,998 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors.
In other 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 transaction of $349,547.94. Following the completion of the sale, the senior vice president now directly owns 25,460 shares in the company, valued at $1,239,138.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Lynn Casey acquired 1,000 shares of the stock in a transaction dated Wednesday, September 5th. The shares were bought at an average price of $48.89 per share, with a total value of $48,890.00. Following the completion of the purchase, the director now directly owns 3,131 shares of the company’s stock, valued at approximately $153,074.59. The disclosure for this purchase can be found here. Insiders own 0.22% of the company’s stock.
Xcel Energy (NYSE:XEL) last posted its quarterly earnings data on Thursday, July 26th. The utilities provider reported $0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.05. Xcel Energy had a net margin of 10.06% and a return on equity of 10.44%. The business had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.71 billion. During the same period in the previous year, the firm posted $0.45 earnings per share. The business’s revenue for the quarter was up .5% compared to the same quarter last year. As a group, research analysts expect that Xcel Energy Inc will post 2.44 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Saturday, October 20th. Stockholders of record on Friday, September 14th will be paid a dividend of $0.38 per share. The ex-dividend date is Thursday, September 13th. This represents a $1.52 annualized dividend and a dividend yield of 3.11%.
Several equities research analysts have weighed in on XEL shares. Zacks Investment Research downgraded shares of Xcel Energy from a “buy” rating to a “hold” rating in a research note on Monday, June 18th. Morgan Stanley lowered their target price on shares of Xcel Energy from $49.00 to $46.00 and set an “overweight” rating for the company in a research note on Wednesday, June 13th. Bank of America downgraded shares of Xcel Energy from a “buy” rating to a “neutral” rating and set a $47.00 target price for the company. in a research note on Wednesday, June 20th. Finally, Barclays started coverage on shares of Xcel Energy in a research note on Tuesday, July 10th. They issued an “overweight” rating and a $53.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $48.22.
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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