National Pension Service increased its holdings in shares of Xcel Energy Inc (NYSE:XEL) by 1.0% during the first quarter, HoldingsChannel.com reports. The fund owned 660,484 shares of the utilities provider’s stock after buying an additional 6,393 shares during the quarter. National Pension Service’s holdings in Xcel Energy were worth $39,827,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. Procyon Private Wealth Partners LLC purchased a new position in Xcel Energy during the fourth quarter worth about $25,000. TFO TDC LLC bought a new stake in shares of Xcel Energy in the 1st quarter valued at about $28,000. Princeton Global Asset Management LLC increased its holdings in Xcel Energy by 106.4% during the 1st quarter. Princeton Global Asset Management LLC now owns 485 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 250 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Xcel Energy during the 1st quarter valued at about $34,000. Finally, Twin Tree Management LP purchased a new position in Xcel Energy during the 1st quarter valued at about $36,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

XEL has been the topic of a number of research analyst reports. Wells Fargo & Co downgraded Xcel Energy from an “overweight” rating to an “equal weight” rating and set a $70.00 price target on the stock. in a report on Friday, April 24th. They noted that the move was a valuation call. Barclays reduced their price target on Xcel Energy from $70.00 to $54.00 and set an “equal weight” rating on the stock in a report on Thursday, March 26th. Royal Bank of Canada restated a “hold” rating and set a $62.00 price target on shares of Xcel Energy in a report on Wednesday, April 8th. Mizuho boosted their price target on Xcel Energy from $53.00 to $63.00 and gave the company a “neutral” rating in a report on Wednesday, April 15th. Finally, UBS Group reduced their price target on Xcel Energy from $75.00 to $65.00 and set a “neutral” rating on the stock in a report on Monday, March 16th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $63.57.

In related news, CEO Benjamin G. S. Fowke III sold 104,796 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $65.84, for a total value of $6,899,768.64. Following the sale, the chief executive officer now owns 461,531 shares in the company, valued at approximately $30,387,201.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.22% of the company’s stock.

Shares of Xcel Energy stock traded up $0.30 during midday trading on Friday, hitting $63.20. The company had a trading volume of 19,908 shares, compared to its average volume of 3,776,762. The company has a 50 day moving average of $62.62 and a 200 day moving average of $63.98. Xcel Energy Inc has a 52-week low of $46.58 and a 52-week high of $72.14.

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

The business also recently declared 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. The ex-dividend date of this dividend is Friday, June 12th. This represents a $1.72 annualized dividend and a dividend yield of 2.72%.

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

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