Xcel Energy Inc (XEL) Shares Sold by FineMark National Bank & Trust

FineMark National Bank & Trust lessened its position in Xcel Energy Inc (NYSE:XEL) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,640 shares of the utilities provider’s stock after selling 195 shares during the quarter. FineMark National Bank & Trust’s holdings in Xcel Energy were worth $721,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Private Capital Group LLC boosted its holdings in shares of Xcel Energy by 16.9% during the fourth quarter. Private Capital Group LLC now owns 1,496 shares of the utilities provider’s stock worth $74,000 after purchasing an additional 216 shares during the period. Central Bank & Trust Co. boosted its holdings in shares of Xcel Energy by 0.3% during the fourth quarter. Central Bank & Trust Co. now owns 82,477 shares of the utilities provider’s stock worth $4,064,000 after purchasing an additional 223 shares during the period. Dean Investment Associates LLC boosted its holdings in shares of Xcel Energy by 1.0% during the fourth quarter. Dean Investment Associates LLC now owns 22,097 shares of the utilities provider’s stock worth $1,089,000 after purchasing an additional 223 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of Xcel Energy by 0.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 72,788 shares of the utilities provider’s stock worth $3,586,000 after purchasing an additional 304 shares during the period. Finally, Virtus ETF Advisers LLC boosted its holdings in shares of Xcel Energy by 3.4% during the fourth quarter. Virtus ETF Advisers LLC now owns 9,727 shares of the utilities provider’s stock worth $479,000 after purchasing an additional 321 shares during the period. 73.96% of the stock is currently owned by institutional investors and hedge funds.

In other news, EVP Scott M. Wilensky sold 15,004 shares of Xcel Energy stock in a transaction that occurred on Wednesday, February 13th. The shares were sold at an average price of $53.07, for a total transaction of $796,262.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.22% of the stock is currently owned by company insiders.

A number of analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Xcel Energy from a “buy” rating to a “hold” rating and set a $60.00 target price for the company. in a report on Saturday. Barclays set a $54.00 price objective on shares of Xcel Energy and gave the stock a “buy” rating in a report on Monday, November 19th. Argus raised their price objective on shares of Xcel Energy from $53.00 to $57.00 and gave the stock a “buy” rating in a report on Wednesday, October 31st. Finally, Mizuho lowered shares of Xcel Energy from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $48.50 to $47.00 in a report on Friday, November 2nd. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $50.75.

XEL stock opened at $53.46 on Tuesday. Xcel Energy Inc has a 52-week low of $41.99 and a 52-week high of $54.11.

Xcel Energy (NYSE:XEL) last released its earnings results on Thursday, January 31st. The utilities provider reported $0.42 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.42. The business had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.86 billion.

The firm also recently announced a quarterly dividend, which was paid on Sunday, January 20th. Stockholders of record on Friday, December 28th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, December 27th. This represents a $1.52 annualized dividend and a dividend yield of 2.84%.

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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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