Xcel Energy Inc (NYSE:XEL) insider Mark E. Stoering sold 4,882 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $64.87, for a total transaction of $316,695.34. Following the completion of the sale, the insider now directly owns 51,797 shares of the company’s stock, valued at approximately $3,360,071.39. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Shares of XEL traded down $1.41 during trading on Monday, reaching $63.39. 4,691,637 shares of the company traded hands, compared to its average volume of 3,213,559. The stock has a 50-day simple moving average of $62.17 and a 200-day simple moving average of $58.71. Xcel Energy Inc has a twelve month low of $46.01 and a twelve month high of $66.05.

Xcel Energy (NYSE:XEL) last issued its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.46 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.07). The firm had revenue of $2.58 billion for the quarter, compared to analysts’ expectations of $2.84 billion. The business’s revenue was down 3.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.52 EPS.

The company also recently announced a quarterly dividend, which will be paid on Sunday, October 20th. Shareholders of record on Friday, September 13th will be given a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date is Thursday, September 12th.

A number of large investors have recently added to or reduced their stakes in the business. Townsend & Associates Inc boosted its stake in shares of Xcel Energy by 0.6% in the second quarter. Townsend & Associates Inc now owns 28,904 shares of the utilities provider’s stock valued at $1,755,000 after purchasing an additional 166 shares during the period. 6 Meridian boosted its position in Xcel Energy by 1.8% in the 2nd quarter. 6 Meridian now owns 9,558 shares of the utilities provider’s stock valued at $569,000 after buying an additional 167 shares during the period. Sandy Spring Bank boosted its position in Xcel Energy by 8.1% in the 1st quarter. Sandy Spring Bank now owns 2,425 shares of the utilities provider’s stock valued at $136,000 after buying an additional 182 shares during the period. Advisor Partners LLC grew its stake in shares of Xcel Energy by 1.4% in the second quarter. Advisor Partners LLC now owns 14,057 shares of the utilities provider’s stock worth $836,000 after acquiring an additional 188 shares in the last quarter. Finally, Greenleaf Trust grew its stake in shares of Xcel Energy by 2.8% in the second quarter. Greenleaf Trust now owns 7,238 shares of the utilities provider’s stock worth $431,000 after acquiring an additional 198 shares in the last quarter. Institutional investors own 73.96% of the company’s stock.

Several analysts have recently commented on the stock. KeyCorp assumed coverage on shares of Xcel Energy in a research report on Tuesday, June 4th. They set an “overweight” rating and a $62.00 price target on the stock. UBS Group increased their price objective on Xcel Energy from $63.00 to $66.00 and gave the stock a “neutral” rating in a research report on Friday. Barclays lowered Xcel Energy from an “overweight” rating to an “equal weight” rating and set a $64.00 price objective for the company. in a research report on Tuesday, August 13th. They noted that the move was a valuation call. Zacks Investment Research raised Xcel Energy from a “sell” rating to a “hold” rating and set a $66.00 target price for the company in a research note on Monday, August 26th. Finally, SunTrust Banks set a $63.00 target price on Xcel Energy and gave the company a “hold” rating in a research report on Tuesday, September 3rd. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $61.33.

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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