First Quadrant L P CA lifted its stake in shares of Xcel Energy Inc (NYSE:XEL) by 1,352.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,871 shares of the utilities provider’s stock after buying an additional 7,329 shares during the quarter. First Quadrant L P CA’s holdings in Xcel Energy were worth $492,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in XEL. Stratos Wealth Partners LTD. lifted its stake in Xcel Energy by 26.2% during the second quarter. Stratos Wealth Partners LTD. now owns 66,458 shares of the utilities provider’s stock worth $4,154,000 after purchasing an additional 13,789 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Xcel Energy by 10.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 128,010 shares of the utilities provider’s stock worth $8,001,000 after purchasing an additional 12,295 shares during the last quarter. JustInvest LLC bought a new position in Xcel Energy during the second quarter worth $236,000. Cambridge Investment Research Advisors Inc. lifted its stake in Xcel Energy by 7.6% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 83,557 shares of the utilities provider’s stock worth $5,222,000 after purchasing an additional 5,934 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in Xcel Energy by 24.0% during the second quarter. Nisa Investment Advisors LLC now owns 117,937 shares of the utilities provider’s stock worth $7,371,000 after purchasing an additional 22,817 shares during the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.

Several brokerages recently issued reports on XEL. Royal Bank of Canada restated a “hold” rating and set a $62.00 price objective on shares of Xcel Energy in a research note on Wednesday, April 8th. KeyCorp raised their price objective on Xcel Energy from $66.00 to $74.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. Morgan Stanley raised their target price on Xcel Energy from $56.00 to $59.00 and gave the company an “underweight” rating in a research note on Friday, July 17th. Wells Fargo & Co cut Xcel Energy from an “overweight” rating to an “equal weight” rating and set a $70.00 target price on the stock. in a research note on Friday, April 24th. They noted that the move was a valuation call. Finally, Mizuho raised their target price on Xcel Energy from $53.00 to $63.00 and gave the company a “neutral” rating in a research note on Wednesday, April 15th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company’s stock. Xcel Energy currently has a consensus rating of “Hold” and an average target price of $64.36.

In other news, CEO Benjamin G. S. Fowke III sold 104,796 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $65.84, for a total transaction of $6,899,768.64. Following the transaction, the chief executive officer now directly owns 461,531 shares of the company’s stock, valued at $30,387,201.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.22% of the stock is currently owned by company insiders.

Shares of XEL opened at $69.04 on Friday. Xcel Energy Inc has a one year low of $46.58 and a one year high of $72.14. The stock’s fifty day moving average is $64.87 and its 200-day moving average is $64.40.

Xcel Energy (NYSE:XEL) last issued its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.07. The business had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.76 billion.

The firm also recently declared a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Monday, June 15th were issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend was Friday, June 12th.

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

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