Cahill Financial Advisors Inc. grew its position in Xcel Energy Inc (NYSE:XEL) by 2.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 11,317 shares of the utilities provider’s stock after acquiring an additional 323 shares during the period. Cahill Financial Advisors Inc.’s holdings in Xcel Energy were worth $558,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital Investment Advisory Services LLC bought a new position in shares of Xcel Energy in the fourth quarter worth approximately $25,000. Claybrook Capital LLC bought a new position in shares of Xcel Energy in the fourth quarter worth approximately $25,000. Altshuler Shaham Ltd bought a new position in shares of Xcel Energy in the fourth quarter worth approximately $26,000. Bruderman Asset Management LLC bought a new position in shares of Xcel Energy in the fourth quarter worth approximately $27,000. Finally, Group One Trading L.P. bought a new position in shares of Xcel Energy in the fourth quarter worth approximately $32,000. Institutional investors and hedge funds own 73.96% of the company’s stock.
In other news, EVP Scott M. Wilensky sold 15,004 shares of the business’s stock in a transaction on Wednesday, February 13th. The shares were sold at an average price of $53.07, for a total value of $796,262.28. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Judy M. Poferl sold 8,953 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $55.86, for a total transaction of $500,114.58. Following the completion of the transaction, the senior vice president now directly owns 8,855 shares in the company, valued at approximately $494,640.30. The disclosure for this sale can be found here. Insiders sold 98,957 shares of company stock worth $5,431,127 in the last three months. Insiders own 0.22% of the company’s stock.
Xcel Energy (NYSE:XEL) last posted its quarterly earnings results on Thursday, January 31st. The utilities provider reported $0.42 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.42. The firm had revenue of $2.88 billion during 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. Stockholders of record on Friday, March 15th will be issued a $0.405 dividend. This represents a $1.62 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend is Thursday, March 14th. This is an increase from Xcel Energy’s previous quarterly dividend of $0.38.
Separately, Zacks Investment Research lowered shares of Xcel Energy from a “buy” rating to a “hold” rating in a research report on Monday. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $51.86.
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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.
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