Wells Fargo & Company MN boosted its position in Xcel Energy Inc (NYSE:XEL) by 0.6% during the 4th quarter, Holdings Channel reports. The firm owned 4,164,727 shares of the utilities provider’s stock after buying an additional 26,895 shares during the quarter. Wells Fargo & Company MN’s holdings in Xcel Energy were worth $200,365,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently modified their holdings of the company. SeaCrest Wealth Management LLC bought a new stake in shares of Xcel Energy during the 4th quarter worth about $105,000. Assetmark Inc. raised its position in shares of Xcel Energy by 118.9% during the 3rd quarter. Assetmark Inc. now owns 2,191 shares of the utilities provider’s stock worth $104,000 after buying an additional 1,190 shares in the last quarter. Krilogy Financial LLC bought a new stake in shares of Xcel Energy during the 3rd quarter worth about $127,000. BB&T Investment Services Inc. raised its position in shares of Xcel Energy by 73.3% during the 3rd quarter. BB&T Investment Services Inc. now owns 2,730 shares of the utilities provider’s stock worth $145,000 after buying an additional 1,155 shares in the last quarter. Finally, Sandy Spring Bank raised its position in shares of Xcel Energy by 56.6% during the 3rd quarter. Sandy Spring Bank now owns 3,761 shares of the utilities provider’s stock worth $178,000 after buying an additional 1,360 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.
A number of analysts have commented on the stock. SunTrust Banks set a $43.00 price target on shares of Xcel Energy and gave the stock a “hold” rating in a research report on Monday, February 12th. UBS Group assumed coverage on shares of Xcel Energy in a research report on Friday, February 2nd. They set a “neutral” rating and a $47.00 price target on the stock. Morgan Stanley upgraded shares of Xcel Energy from an “equal weight” rating to an “overweight” rating and set a $48.00 price target on the stock in a research report on Tuesday, February 13th. Bank of America dropped their price target on shares of Xcel Energy from $49.00 to $47.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. Finally, Royal Bank of Canada restated a “hold” rating and set a $49.00 price target on shares of Xcel Energy in a research report on Thursday, February 1st. Nine research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $48.00.
Xcel Energy (NYSE:XEL) last released its earnings results on Wednesday, February 7th. The utilities provider reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.01). Xcel Energy had a return on equity of 10.44% and a net margin of 10.06%. The business had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.84 billion. During the same quarter in the previous year, the firm earned $0.45 earnings per share. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. analysts predict that Xcel Energy Inc will post 2.44 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Saturday, January 20th. Investors of record on Thursday, December 28th were issued a $0.36 dividend. The ex-dividend date was Wednesday, December 27th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.22%. Xcel Energy’s payout ratio is currently 63.72%.
In related news, EVP Marvin E. Jr. Mcdaniel sold 5,176 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $51.07, for a total value of $264,338.32. Following the sale, the executive vice president now directly owns 81,371 shares in the company, valued at approximately $4,155,616.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.22% of the stock is owned by insiders.
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.
Want to see what other hedge funds are holding XEL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xcel Energy Inc (NYSE:XEL).
Receive News & Ratings for Xcel Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xcel Energy and related companies with MarketBeat.com's FREE daily email newsletter.