Guggenheim Capital LLC trimmed its position in shares of Xcel Energy Inc (NYSE:XEL) by 33.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 185,441 shares of the utilities provider’s stock after selling 92,580 shares during the quarter. Guggenheim Capital LLC’s holdings in Xcel Energy were worth $11,182,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Argent Trust Co boosted its stake in Xcel Energy by 2.4% during the fourth quarter. Argent Trust Co now owns 6,794 shares of the utilities provider’s stock worth $431,000 after buying an additional 157 shares during the period. Dana Investment Advisors Inc. boosted its stake in Xcel Energy by 3.7% during the fourth quarter. Dana Investment Advisors Inc. now owns 4,457 shares of the utilities provider’s stock worth $283,000 after buying an additional 160 shares during the period. Level Four Advisory Services LLC boosted its stake in Xcel Energy by 4.7% during the fourth quarter. Level Four Advisory Services LLC now owns 3,537 shares of the utilities provider’s stock worth $226,000 after buying an additional 160 shares during the period. IHT Wealth Management LLC boosted its stake in Xcel Energy by 3.8% during the fourth quarter. IHT Wealth Management LLC now owns 4,488 shares of the utilities provider’s stock worth $285,000 after buying an additional 165 shares during the period. Finally, Ballentine Partners LLC boosted its stake in Xcel Energy by 3.3% during the first quarter. Ballentine Partners LLC now owns 5,151 shares of the utilities provider’s stock worth $310,000 after buying an additional 165 shares during the period. 73.96% of the stock is owned by institutional investors.

Several research analysts have commented on XEL shares. JPMorgan Chase & Co. lowered their target price on shares of Xcel Energy from $69.00 to $64.00 and set an “overweight” rating for the company in a research note on Friday, March 27th. Mizuho boosted their target price on shares of Xcel Energy from $53.00 to $63.00 and gave the company a “neutral” rating in a research note on Wednesday, April 15th. Royal Bank of Canada reissued a “hold” rating and set a $62.00 target price on shares of Xcel Energy in a research note on Wednesday, April 8th. UBS Group lowered their target price on shares of Xcel Energy from $75.00 to $65.00 and set a “neutral” rating for the company in a research note on Monday, March 16th. Finally, Wells Fargo & Co lowered shares of Xcel Energy from an “overweight” rating to an “equal weight” rating and set a $70.00 target price for the company. in a research note on Friday, April 24th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. Xcel Energy presently has an average rating of “Hold” and a consensus target price of $63.57.

NYSE:XEL traded down $0.98 during mid-day trading on Friday, reaching $61.93. The company’s stock had a trading volume of 567,503 shares, compared to its average volume of 3,776,762. Xcel Energy Inc has a 1 year low of $46.58 and a 1 year high of $72.14. The stock has a fifty day moving average of $62.62 and a 200-day moving average of $63.98.

Xcel Energy (NYSE:XEL) last released its quarterly earnings data on Thursday, May 7th. The utilities provider reported $0.56 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.03). The company had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $3.27 billion. During the same period in the previous year, the business posted $0.61 earnings per share. Xcel Energy’s revenue for the quarter was down 10.5% compared to the same quarter last year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Monday, June 15th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date is Friday, June 12th.

In related news, CEO Benjamin G. S. Fowke III sold 104,796 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $65.84, for a total value of $6,899,768.64. Following the completion of the sale, the chief executive officer now directly owns 461,531 shares of the company’s stock, valued at $30,387,201.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.22% of the stock is owned by corporate 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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Institutional Ownership by Quarter for Xcel Energy (NYSE:XEL)

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