Transamerica Financial Advisors Inc. cut its holdings in shares of Xcel Energy Inc (NYSE:XEL) by 14.5% during the 4th quarter, Holdings Channel reports. The firm owned 6,709 shares of the utilities provider’s stock after selling 1,141 shares during the quarter. Transamerica Financial Advisors Inc.’s holdings in Xcel Energy were worth $331,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. First Mercantile Trust Co. increased its holdings in shares of Xcel Energy by 72.9% in the 4th quarter. First Mercantile Trust Co. now owns 830 shares of the utilities provider’s stock valued at $41,000 after acquiring an additional 350 shares during the last quarter. Mondrian Investment Partners LTD bought a new stake in shares of Xcel Energy in the 4th quarter valued at approximately $41,000. Meeder Asset Management Inc. bought a new stake in shares of Xcel Energy in the 4th quarter valued at approximately $44,000. Sound Income Strategies LLC increased its holdings in shares of Xcel Energy by 787.3% in the 4th quarter. Sound Income Strategies LLC now owns 1,402 shares of the utilities provider’s stock valued at $69,000 after acquiring an additional 1,244 shares during the last quarter. Finally, Private Capital Group LLC increased its holdings in shares of Xcel Energy by 16.9% in the 4th 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 during the last quarter. Institutional investors own 73.96% of the company’s stock.

A number of brokerages have recently weighed in on XEL. Zacks Investment Research upgraded Xcel Energy from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a report on Wednesday, December 12th. Argus boosted their price target on Xcel Energy from $53.00 to $57.00 and gave the company a “buy” rating in a report on Wednesday, October 31st. Barclays set a $54.00 price target on Xcel Energy and gave the company a “buy” rating in a report on Monday, November 19th. Finally, Mizuho downgraded Xcel Energy from a “buy” rating to a “neutral” rating and lowered their price target for the company from $48.50 to $47.00 in a report on Friday, November 2nd. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $50.63.

XEL traded down $0.08 during trading on Monday, reaching $53.40. 515,952 shares of the company were exchanged, compared to its average volume of 3,628,321. Xcel Energy Inc has a 52 week low of $41.99 and a 52 week high of $54.11.

Xcel Energy (NYSE:XEL) last issued its quarterly earnings data on Thursday, January 31st. The utilities provider reported $0.42 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.42. The company had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.86 billion.

The business also recently disclosed a quarterly dividend, which was paid on Sunday, January 20th. Investors of record on Friday, December 28th were paid a dividend of $0.38 per share. The ex-dividend date was Thursday, December 27th. This represents a $1.52 dividend on an annualized basis and a yield of 2.85%.

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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.

See Also: Short Selling

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

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