Xcel Energy Inc (XEL) Position Lifted by Hanson McClain Inc.

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Hanson McClain Inc. boosted its holdings in shares of Xcel Energy Inc (NYSE:XEL) by 30.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,147 shares of the utilities provider’s stock after buying an additional 500 shares during the period. Hanson McClain Inc.’s holdings in Xcel Energy were worth $121,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. BlackRock Inc. grew its stake in Xcel Energy by 6.9% in the fourth quarter. BlackRock Inc. now owns 47,113,265 shares of the utilities provider’s stock valued at $2,321,271,000 after purchasing an additional 3,053,820 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in Xcel Energy by 4,766.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,702,706 shares of the utilities provider’s stock valued at $55,000 after purchasing an additional 2,647,167 shares in the last quarter. SG Americas Securities LLC purchased a new position in Xcel Energy in the first quarter valued at about $50,985,000. Geode Capital Management LLC grew its stake in 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 valued at $382,256,000 after purchasing an additional 863,010 shares in the last quarter. Finally, California Public Employees Retirement System grew its stake in Xcel Energy by 44.1% in the fourth quarter. California Public Employees Retirement System now owns 2,796,990 shares of the utilities provider’s stock valued at $137,808,000 after purchasing an additional 855,855 shares in the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have commented on XEL shares. Wolfe Research set a $57.00 target price on Xcel Energy and gave the company a “hold” rating in a research note on Friday, April 26th. Zacks Investment Research downgraded Xcel Energy from a “buy” rating to a “hold” rating in a research note on Monday, March 18th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $53.14.

In other news, Chairman Benjamin G. S. Fowke III sold 75,000 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $55.13, for a total transaction of $4,134,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Judy M. Poferl sold 8,953 shares of the company’s 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 sale, the senior vice president now owns 8,855 shares of the company’s stock, valued at approximately $494,640.30. The disclosure for this sale can be found here. Corporate insiders own 0.22% of the company’s stock.

Shares of NYSE XEL opened at $57.73 on Friday. Xcel Energy Inc has a one year low of $41.99 and a one year high of $57.92.

Xcel Energy (NYSE:XEL) last issued its earnings results on Thursday, April 25th. The utilities provider reported $0.61 EPS for the quarter, meeting analysts’ consensus estimates of $0.61. The firm had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $3.11 billion. During the same quarter last year, the firm earned $0.57 EPS. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year.

The company also recently announced a quarterly dividend, which will be paid on Saturday, July 20th. Shareholders of record on Friday, June 14th will be paid a $0.405 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.62 dividend on an annualized basis and a yield of 2.81%.

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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.

Further Reading: Do stock splits help investors?

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Institutional Ownership by Quarter for Xcel Energy (NYSE:XEL)

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