First Bank & Trust bought a new position in Xcel Energy Inc (NYSE:XEL) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 700 shares of the utilities provider’s stock, valued at approximately $39,000.
Other institutional investors have also modified their holdings of the company. Capital Investment Advisors LLC acquired a new stake in shares of Xcel Energy in the first quarter worth $225,000. National Pension Service raised its holdings in shares of Xcel Energy by 4.2% during the fourth quarter. National Pension Service now owns 578,576 shares of the utilities provider’s stock worth $30,821,000 after acquiring an additional 23,319 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Xcel Energy by 1.3% during the third quarter. Bank of New York Mellon Corp now owns 3,529,589 shares of the utilities provider’s stock worth $166,630,000 after acquiring an additional 46,209 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in shares of Xcel Energy by 4.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 877,452 shares of the utilities provider’s stock worth $43,236,000 after acquiring an additional 35,615 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its holdings in shares of Xcel Energy by 15.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 15,968 shares of the utilities provider’s stock worth $786,000 after acquiring an additional 2,192 shares in the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.
In other news, SVP Judy M. Poferl sold 8,953 shares of Xcel Energy stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $55.86, for a total value of $500,114.58. Following the transaction, the senior vice president now directly owns 8,855 shares in the company, valued at $494,640.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Benjamin G. S. Fowke III sold 75,000 shares of Xcel Energy 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 90 days, insiders have sold 98,957 shares of company stock worth $5,431,127. Corporate insiders own 0.22% of the company’s stock.
Separately, Zacks Investment Research reiterated a “buy” rating and set a $57.00 price objective on shares of Xcel Energy in a report on Monday, December 31st. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Xcel Energy has a consensus rating of “Hold” and an average price target of $52.50.
NYSE XEL opened at $54.86 on Wednesday. Xcel Energy Inc has a fifty-two week low of $41.99 and a fifty-two week high of $57.51.
Xcel Energy (NYSE:XEL) last posted its earnings results on Thursday, January 31st. The utilities provider reported $0.42 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.42. The company had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.86 billion.
The business also recently announced a quarterly dividend, which will be paid on Saturday, April 20th. Shareholders of record on Friday, March 15th will be issued a dividend of $0.405 per share. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.38. This represents a $1.62 annualized dividend and a yield of 2.95%. The ex-dividend date is Thursday, March 14th.
About Xcel Energy
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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