Xcel Energy Inc (XEL) Shares Bought by First National Bank of Omaha
First National Bank of Omaha grew its holdings in Xcel Energy Inc (NYSE:XEL) by 2.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 185,658 shares of the utilities provider’s stock after purchasing an additional 3,585 shares during the quarter. First National Bank of Omaha’s holdings in Xcel Energy were worth $8,932,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of Xcel Energy by 2.7% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 304,812 shares of the utilities provider’s stock valued at $14,424,000 after purchasing an additional 8,000 shares during the last quarter. Candriam Luxembourg S.C.A. lifted its stake in shares of Xcel Energy by 8.1% in the third quarter. Candriam Luxembourg S.C.A. now owns 57,293 shares of the utilities provider’s stock valued at $2,711,000 after buying an additional 4,315 shares during the period. Norinchukin Bank The lifted its stake in shares of Xcel Energy by 7.3% in the third quarter. Norinchukin Bank The now owns 37,794 shares of the utilities provider’s stock valued at $1,788,000 after buying an additional 2,557 shares during the period. Steward Partners Investment Advisory LLC bought a new stake in shares of Xcel Energy in the third quarter valued at about $505,000. Finally, Nicolet Bankshares Inc. lifted its stake in shares of Xcel Energy by 37.6% in the third quarter. Nicolet Bankshares Inc. now owns 9,478 shares of the utilities provider’s stock valued at $448,000 after buying an additional 2,588 shares during the period. 73.57% of the stock is currently owned by institutional investors.
In other Xcel Energy news, EVP Marvin E. Jr. Mcdaniel sold 5,176 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $51.07, for a total transaction of $264,338.32. Following the completion of the transaction, the executive vice president now owns 81,371 shares in the company, valued at $4,155,616.97. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.22% of the stock is owned by company insiders.
The firm also recently declared a quarterly dividend, which was paid on Saturday, January 20th. Shareholders of record on Thursday, December 28th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date of this dividend was Wednesday, December 27th. Xcel Energy’s dividend payout ratio is 61.80%.
Several research firms recently weighed in on XEL. SunTrust Banks reiterated a “hold” rating and issued a $47.00 target price on shares of Xcel Energy in a research note on Tuesday, October 24th. JPMorgan Chase & Co. increased their target price on shares of Xcel Energy from $51.00 to $53.00 and gave the company an “overweight” rating in a research note on Thursday, October 12th. ValuEngine upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. UBS Group began coverage on shares of Xcel Energy in a research note on Friday, February 2nd. They issued a “neutral” rating and a $47.00 target price for the company. Finally, Morgan Stanley increased their target price on shares of Xcel Energy from $50.00 to $53.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 13th. Ten 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 company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $48.92.
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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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