Securian Asset Management Inc Buys 390 Shares of Xcel Energy Inc (NYSE:XEL)

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Securian Asset Management Inc lifted its stake in Xcel Energy Inc (NYSE:XEL) by 0.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,375 shares of the utilities provider’s stock after acquiring an additional 390 shares during the quarter. Securian Asset Management Inc’s holdings in Xcel Energy were worth $3,175,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. BlackRock Inc. grew its stake in shares of Xcel Energy by 1.4% in the first quarter. BlackRock Inc. now owns 47,780,041 shares of the utilities provider’s stock worth $2,685,715,000 after acquiring an additional 666,776 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Xcel Energy by 6.1% in the first quarter. JPMorgan Chase & Co. now owns 39,118,840 shares of the utilities provider’s stock worth $2,198,871,000 after acquiring an additional 2,250,610 shares during the period. Geode Capital Management LLC grew its stake in shares of Xcel Energy by 12.5% in the fourth quarter. Geode Capital Management LLC now owns 7,770,007 shares of the utilities provider’s stock worth $382,256,000 after acquiring an additional 863,010 shares during the period. Northern Trust Corp grew its stake in shares of Xcel Energy by 1.9% in the first quarter. Northern Trust Corp now owns 6,865,146 shares of the utilities provider’s stock worth $385,890,000 after acquiring an additional 130,963 shares during the period. Finally, American Century Companies Inc. grew its stake in shares of Xcel Energy by 3.4% in the first quarter. American Century Companies Inc. now owns 5,369,668 shares of the utilities provider’s stock worth $301,829,000 after acquiring an additional 174,683 shares during the period. Hedge funds and other institutional investors own 73.96% of the company’s stock.

In related news, EVP David L. Eves sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $57.23, for a total transaction of $572,300.00. Following the completion of the sale, the executive vice president now directly owns 58,681 shares in the company, valued at $3,358,313.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Benjamin G. S. Fowke III sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $59.81, for a total transaction of $2,990,500.00. Following the sale, the chief executive officer now owns 608,862 shares of the company’s stock, valued at $36,416,036.22. The disclosure for this sale can be found here. Insiders have sold 79,400 shares of company stock valued at $4,746,290 over the last 90 days. 0.22% of the stock is currently owned by company insiders.

NYSE XEL traded up $0.08 during trading hours on Thursday, hitting $63.08. 51,036 shares of the company’s stock traded hands, compared to its average volume of 3,222,375. The business’s fifty day moving average price is $60.96 and its two-hundred day moving average price is $57.68. Xcel Energy Inc has a 52 week low of $46.01 and a 52 week high of $63.03.

Xcel Energy (NYSE:XEL) last announced its earnings results on Thursday, August 1st. The utilities provider reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.07). The company had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.84 billion. The company’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period last year, the business earned $0.52 EPS.

A number of analysts have recently commented on the stock. Argus lifted their price target on shares of Xcel Energy to $64.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Morgan Stanley reduced their price target on shares of Xcel Energy from $61.00 to $60.00 and set an “equal weight” rating for the company in a research note on Friday, August 16th. Barclays lowered shares of Xcel Energy from an “overweight” rating to an “equal weight” rating and set a $64.00 price target for the company. in a research note on Tuesday, August 13th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Xcel Energy from a “hold” rating to a “sell” rating and set a $64.00 price target for the company. in a research note on Saturday, July 27th. Finally, KeyCorp assumed coverage on shares of Xcel Energy in a research note on Tuesday, June 4th. They issued an “overweight” rating and a $62.00 price target for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $59.71.

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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