Krilogy Financial LLC Takes $127,000 Position in Xcel Energy Inc. (XEL)
Krilogy Financial LLC purchased a new stake in Xcel Energy Inc. (NYSE:XEL) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 2,686 shares of the utilities provider’s stock, valued at approximately $127,000.
A number of other institutional investors also recently added to or reduced their stakes in XEL. Assetmark Inc. raised its holdings in Xcel Energy by 118.9% in the 3rd quarter. Assetmark Inc. now owns 2,191 shares of the utilities provider’s stock valued at $104,000 after acquiring an additional 1,190 shares during the period. Parallel Advisors LLC raised its holdings in Xcel Energy by 1.6% in the 2nd quarter. Parallel Advisors LLC now owns 2,227 shares of the utilities provider’s stock valued at $105,000 after acquiring an additional 36 shares during the period. Sandy Spring Bank grew its position in shares of Xcel Energy by 24.8% during the 2nd quarter. Sandy Spring Bank now owns 2,401 shares of the utilities provider’s stock worth $110,000 after purchasing an additional 477 shares in the last quarter. Dupont Capital Management Corp acquired a new position in shares of Xcel Energy during the 2nd quarter worth approximately $135,000. Finally, BB&T Investment Services Inc. grew its position in shares of Xcel Energy by 73.3% during the 3rd quarter. BB&T Investment Services Inc. now owns 2,730 shares of the utilities provider’s stock worth $145,000 after purchasing an additional 1,155 shares in the last quarter. 73.41% of the stock is currently owned by hedge funds and other institutional investors.
Xcel Energy Inc. (NYSE:XEL) traded up $0.24 during midday trading on Tuesday, hitting $51.44. 3,368,200 shares of the company traded hands, compared to its average volume of 2,597,286. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.87 and a quick ratio of 0.68. The firm has a market cap of $25,997.46, a price-to-earnings ratio of 21.88, a price-to-earnings-growth ratio of 4.06 and a beta of 0.21. Xcel Energy Inc. has a twelve month low of $39.59 and a twelve month high of $52.22.
Xcel Energy (NYSE:XEL) last posted its quarterly earnings results on Thursday, October 26th. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.05. The business had revenue of $3.02 billion for the quarter, compared to analyst estimates of $3.27 billion. Xcel Energy had a net margin of 10.40% and a return on equity of 10.63%. The firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter last year, the business posted $0.90 EPS. equities research analysts predict that Xcel Energy Inc. will post 2.31 earnings per share for the current year.
XEL has been the topic of a number of analyst reports. Mizuho restated a “hold” rating and set a $46.00 target price on shares of Xcel Energy in a research report on Friday, September 29th. ValuEngine upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. SunTrust Banks restated a “hold” rating and set a $48.00 target price on shares of Xcel Energy in a research report on Monday, December 4th. Jefferies Group restated a “hold” rating and set a $50.00 target price on shares of Xcel Energy in a research report on Thursday, August 31st. Finally, Bank of America initiated coverage on shares of Xcel Energy in a research report on Tuesday, October 24th. They set a “buy” rating and a $53.00 target price on the stock. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $49.00.
In related news, insider Mark E. Stoering sold 20,187 shares of the 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 sale, the insider now owns 48,424 shares in the company, valued at approximately $2,404,735.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Timothy V. Wolf sold 3,000 shares of the stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $49.48, for a total transaction of $148,440.00. Following the sale, the director now owns 3,700 shares in the company, valued at approximately $183,076. The disclosure for this sale can be found here. Insiders have sold a total of 28,363 shares of company stock worth $1,415,265 in the last quarter. 0.22% of the stock is currently owned by company insiders.
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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