Bartlett & Co. LLC Has $167,000 Position in Xcel Energy Inc (NYSE:XEL)
Bartlett & Co. LLC increased its holdings in shares of Xcel Energy Inc (NYSE:XEL) by 63.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,575 shares of the utilities provider’s stock after acquiring an additional 1,000 shares during the quarter. Bartlett & Co. LLC’s holdings in Xcel Energy were worth $167,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Gradient Investments LLC grew its holdings in Xcel Energy by 71.6% in the 3rd quarter. Gradient Investments LLC now owns 398 shares of the utilities provider’s stock valued at $26,000 after buying an additional 166 shares in the last quarter. Krane Funds Advisors LLC acquired a new position in Xcel Energy in the 2nd quarter valued at $25,000. JJJ Advisors Inc. acquired a new position in Xcel Energy in the 3rd quarter valued at $28,000. Manchester Financial Inc. acquired a new position in Xcel Energy in the 2nd quarter valued at $26,000. Finally, Prestige Wealth Management Group LLC acquired a new position in Xcel Energy in the 2nd quarter valued at $27,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have commented on the company. Bank of America lowered Xcel Energy from a “neutral” rating to an “underperform” rating and set a $62.00 price objective on the stock. in a report on Monday, September 30th. Morgan Stanley upped their price objective on Xcel Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a report on Friday, September 6th. KeyCorp upped their price objective on Xcel Energy from $67.00 to $73.00 and gave the company an “overweight” rating in a report on Monday, October 21st. SunTrust Banks set a $63.00 target price on Xcel Energy and gave the company a “hold” rating in a research report on Tuesday, September 3rd. Finally, Mizuho upped their target price on Xcel Energy from $50.00 to $64.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. One equities 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. The stock has an average rating of “Hold” and a consensus price target of $64.20.
Xcel Energy (NYSE:XEL) last issued its quarterly earnings results on Thursday, October 24th. The utilities provider reported $1.01 EPS for the quarter, missing the Zacks’ consensus estimate of $1.03 by ($0.02). The company had revenue of $3.01 billion during the quarter, compared to analyst estimates of $3.55 billion. During the same quarter in the prior year, the business earned $0.96 EPS. The company’s revenue for the quarter was down 1.1% compared to the same quarter last year.
The business also recently declared a quarterly dividend, which was paid on Sunday, October 20th. Stockholders of record on Friday, September 13th were given a $0.405 dividend. This represents a $1.62 annualized dividend and a dividend yield of 2.70%. The ex-dividend date was Thursday, September 12th.
In other news, EVP Scott M. Wilensky sold 15,000 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $61.71, for a total value of $925,650.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mark E. Stoering sold 4,882 shares of the business’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 directly 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. Over the last 90 days, insiders have sold 49,382 shares of company stock valued at $3,133,045. 0.22% of the stock is owned by company insiders.
Xcel Energy 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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