First Command Financial Services Inc. cut its holdings in shares of Xcel Energy Inc (NYSE:XEL) by 87.5% during the first quarter, HoldingsChannel reports. The firm owned 662 shares of the utilities provider’s stock after selling 4,634 shares during the period. First Command Financial Services Inc.’s holdings in Xcel Energy were worth $37,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Capital Investment Advisory Services LLC acquired a new position in shares of Xcel Energy during the fourth quarter worth $25,000. Claybrook Capital LLC acquired a new position in shares of Xcel Energy in the 4th quarter valued at $25,000. Altshuler Shaham Ltd acquired a new position in shares of Xcel Energy in the 4th quarter valued at $26,000. Bruderman Asset Management LLC acquired a new position in shares of Xcel Energy in the 4th quarter valued at $27,000. Finally, Somerset Trust Co increased its position in shares of Xcel Energy by 195.6% in the 1st quarter. Somerset Trust Co now owns 606 shares of the utilities provider’s stock valued at $34,000 after acquiring an additional 401 shares during the period. 73.96% of the stock is currently owned by institutional investors and hedge funds.
Separately, Zacks Investment Research downgraded Xcel Energy from a “buy” rating to a “hold” rating and set a $60.00 target price on the stock. in a research report on Saturday, February 16th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $52.50.
NYSE XEL opened at $55.78 on Tuesday. Xcel Energy Inc has a 1 year low of $41.99 and a 1 year high of $57.51.
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 consensus estimate of $0.42. The firm had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.86 billion.
The company also recently announced a quarterly dividend, which will be paid on Saturday, April 20th. Investors of record on Friday, March 15th will be given a $0.405 dividend. This represents a $1.62 annualized dividend and a dividend yield of 2.90%. This is an increase from Xcel Energy’s previous quarterly dividend of $0.38. The ex-dividend date is Thursday, March 14th.
In other Xcel Energy news, SVP Judy M. Poferl sold 8,953 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $55.86, for a total transaction of $500,114.58. Following the sale, the senior vice president now directly owns 8,855 shares of the company’s stock, valued at approximately $494,640.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Benjamin G. S. Fowke III sold 75,000 shares of the stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $55.13, for a total value of $4,134,750.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 98,957 shares of company stock worth $5,431,127. 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.
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