Xcel Energy Inc. (XEL) Shares Sold by Bronfman E.L. Rothschild L.P.
Bronfman E.L. Rothschild L.P. lowered its stake in shares of Xcel Energy Inc. (NYSE:XEL) by 36.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,810 shares of the utilities provider’s stock after selling 4,430 shares during the period. Bronfman E.L. Rothschild L.P.’s holdings in Xcel Energy were worth $370,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Assetmark Inc. lifted its holdings in shares of Xcel Energy by 118.9% in the third quarter. Assetmark Inc. now owns 2,191 shares of the utilities provider’s stock valued at $104,000 after purchasing an additional 1,190 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of Xcel Energy by 1.6% in the second quarter. Parallel Advisors LLC now owns 2,227 shares of the utilities provider’s stock valued at $105,000 after purchasing an additional 36 shares in the last quarter. Carroll Financial Associates Inc. lifted its holdings in shares of Xcel Energy by 14.5% in the second quarter. Carroll Financial Associates Inc. now owns 2,365 shares of the utilities provider’s stock valued at $108,000 after purchasing an additional 300 shares in the last quarter. Sandy Spring Bank lifted its holdings in shares of Xcel Energy by 24.8% in the second quarter. Sandy Spring Bank now owns 2,401 shares of the utilities provider’s stock valued at $110,000 after purchasing an additional 477 shares in the last quarter. Finally, Dupont Capital Management Corp purchased a new stake in shares of Xcel Energy in the second quarter valued at about $135,000. 72.86% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have issued reports on XEL shares. BMO Capital Markets upped their price target on shares of Xcel Energy from $46.00 to $47.00 and gave the company a “market perform” rating in a report on Friday, July 28th. BidaskClub raised shares of Xcel Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Morgan Stanley upped their price target on shares of Xcel Energy from $45.00 to $46.00 and gave the company an “equal weight” rating in a report on Thursday, August 10th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $50.00 price target on shares of Xcel Energy in a report on Thursday, August 31st. Finally, Zacks Investment Research downgraded shares of Xcel Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. Nine equities research analysts have rated the stock with a hold rating, four have assigned 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 $48.91.
In related news, Director Daniel Yohannes purchased 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The stock was purchased at an average price of $49.53 per share, with a total value of $49,530.00. Following the completion of the transaction, the director now owns 1,000 shares of the company’s stock, valued at approximately $49,530. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Timothy V. Wolf sold 3,000 shares of the company’s 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 transaction, the director now directly owns 3,700 shares of the company’s stock, valued at approximately $183,076. The disclosure for this sale can be found here. Corporate insiders own 0.22% of the company’s stock.
Shares of Xcel Energy Inc. (NYSE XEL) traded down $0.08 on Thursday, hitting $50.53. 1,928,000 shares of the company traded hands, compared to its average volume of 2,596,306. The company has a quick ratio of 0.68, a current ratio of 0.87 and a debt-to-equity ratio of 1.27. The stock has a market capitalization of $25,620.00, a P/E ratio of 21.63, a price-to-earnings-growth ratio of 4.01 and a beta of 0.21. Xcel Energy Inc. has a fifty-two week low of $38.22 and a fifty-two week high of $52.22.
Xcel Energy (NYSE:XEL) last announced its quarterly earnings data on Thursday, October 26th. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.05. The business had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $3.27 billion. Xcel Energy had a net margin of 10.40% and a return on equity of 10.63%. The company’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.90 earnings per share. equities research analysts expect that Xcel Energy Inc. will post 2.31 earnings per share for the current fiscal year.
Xcel Energy 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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