Xcel Energy Inc (XEL) Shares Bought by Eastern Bank

Eastern Bank increased its holdings in shares of Xcel Energy Inc (NYSE:XEL) by 0.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 248,794 shares of the utilities provider’s stock after buying an additional 2,286 shares during the period. Eastern Bank’s holdings in Xcel Energy were worth $11,969,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of the stock. State of Alaska Department of Revenue grew its holdings in Xcel Energy by 24.9% during the fourth quarter. State of Alaska Department of Revenue now owns 188,549 shares of the utilities provider’s stock worth $9,069,000 after purchasing an additional 37,580 shares during the period. Acadian Asset Management LLC boosted its holdings in shares of Xcel Energy by 405.0% during the fourth quarter. Acadian Asset Management LLC now owns 34,171 shares of the utilities provider’s stock worth $1,643,000 after acquiring an additional 27,405 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in shares of Xcel Energy by 3.8% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,836,263 shares of the utilities provider’s stock worth $88,343,000 after acquiring an additional 67,377 shares during the period. Creative Planning boosted its holdings in shares of Xcel Energy by 5.7% during the fourth quarter. Creative Planning now owns 104,444 shares of the utilities provider’s stock worth $5,025,000 after acquiring an additional 5,601 shares during the period. Finally, National Pension Service boosted its holdings in shares of Xcel Energy by 2.0% during the fourth quarter. National Pension Service now owns 477,878 shares of the utilities provider’s stock worth $22,991,000 after acquiring an additional 9,369 shares during the period. Institutional investors and hedge funds own 73.27% of the company’s stock.

In other Xcel Energy news, insider Mark E. Stoering sold 20,187 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $49.66, for a total transaction of $1,002,486.42. Following the completion of the transaction, the insider now directly owns 48,424 shares in the company, valued at $2,404,735.84. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Timothy V. Wolf sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $49.48, for a total transaction of $148,440.00. Following the transaction, the director now owns 3,700 shares of the company’s stock, valued at $183,076. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,363 shares of company stock valued at $1,415,265. 0.22% of the stock is owned by company insiders.

A number of equities research analysts have recently issued reports on the company. SunTrust Banks set a $42.00 price objective on Xcel Energy and gave the stock a “hold” rating in a report on Wednesday, January 17th. Zacks Investment Research upgraded Xcel Energy from a “sell” rating to a “hold” rating in a report on Monday, January 15th. ValuEngine upgraded Xcel Energy from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Morgan Stanley boosted their price objective on Xcel Energy from $50.00 to $53.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 13th. Finally, Bank of America assumed coverage on Xcel Energy in a report on Tuesday, October 24th. They set a “buy” rating and a $53.00 price objective for the company. Nine equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $48.91.

Xcel Energy Inc (NYSE XEL) traded up $0.10 during midday trading on Monday, hitting $45.23. 3,092,768 shares of the stock were exchanged, compared to its average volume of 3,320,000. The company has a current ratio of 0.87, a quick ratio of 0.68 and a debt-to-equity ratio of 1.27. Xcel Energy Inc has a 52 week low of $40.43 and a 52 week high of $52.22. The firm has a market capitalization of $22,960.00, a P/E ratio of 19.41, a price-to-earnings-growth ratio of 3.38 and a beta of 0.21.

Xcel Energy (NYSE:XEL) last released its quarterly earnings results on Thursday, October 26th. The utilities provider reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.05. Xcel Energy had a net margin of 10.40% and a return on equity of 10.63%. The company had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $3.27 billion. During the same period in the previous year, the business earned $0.90 earnings per share. The firm’s quarterly revenue was down .8% on a year-over-year basis. research analysts predict that Xcel Energy Inc will post 2.31 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Saturday, January 20th. Stockholders of record on Thursday, December 28th were given a $0.36 dividend. The ex-dividend date of this dividend was Wednesday, December 27th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.18%. Xcel Energy’s payout ratio is 61.80%.

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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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