Cubist Systematic Strategies LLC trimmed its position in shares of Xcel Energy Inc (NYSE:XEL) by 80.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,226 shares of the utilities provider’s stock after selling 21,233 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Xcel Energy were worth $247,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Assetmark Inc. increased its stake in shares of Xcel Energy by 118.9% in the 3rd quarter. Assetmark Inc. now owns 2,191 shares of the utilities provider’s stock worth $104,000 after purchasing an additional 1,190 shares in the last quarter. Sandy Spring Bank increased its stake in shares of Xcel Energy by 24.8% in 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. BB&T Investment Services Inc. increased its stake in shares of Xcel Energy by 73.3% in 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. Sun Life Financial INC increased its stake in shares of Xcel Energy by 30,858.3% in the 2nd quarter. Sun Life Financial INC now owns 3,715 shares of the utilities provider’s stock worth $170,000 after purchasing an additional 3,703 shares in the last quarter. Finally, Pinebridge Investments L.P. purchased a new stake in shares of Xcel Energy in the 2nd quarter worth $199,000. 73.31% of the stock is currently owned by hedge funds and other institutional investors.

In other Xcel Energy news, insider Mark E. Stoering sold 20,187 shares of the stock in a transaction dated 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 completion of the transaction, the insider now owns 48,424 shares of the company’s stock, valued at approximately $2,404,735.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Marvin E. Jr. Mcdaniel sold 5,176 shares of the 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 transaction, the executive vice president now directly owns 81,371 shares of the company’s stock, valued at approximately $4,155,616.97. The disclosure for this sale can be found here. Insiders sold a total of 28,363 shares of company stock valued at $1,415,265 in the last quarter. 0.22% of the stock is currently owned by company insiders.

Several equities research analysts have recently commented on the company. Morgan Stanley upped their price objective on Xcel Energy from $50.00 to $53.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 13th. SunTrust Banks restated a “hold” rating and issued a $48.00 price objective on shares of Xcel Energy in a research note on Monday, December 4th. ValuEngine upgraded Xcel Energy from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Mizuho restated a “hold” rating and issued a $46.00 price objective on shares of Xcel Energy in a research note on Friday, September 29th. Finally, Royal Bank of Canada restated a “hold” rating and issued a $48.00 price objective on shares of Xcel Energy in a research note on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $49.09.

Shares of Xcel Energy Inc (NYSE XEL) opened at $47.14 on Tuesday. Xcel Energy Inc has a 12 month low of $40.04 and a 12 month high of $52.22. 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 $23,940.00, a price-to-earnings ratio of 20.23, a price-to-earnings-growth ratio of 3.51 and a beta of 0.21.

Xcel Energy (NYSE:XEL) last issued its quarterly earnings results on Thursday, October 26th. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.05. Xcel Energy had a return on equity of 10.63% and a net margin of 10.40%. The business had revenue of $3.02 billion during the quarter, compared to analyst estimates of $3.27 billion. During the same quarter in the prior year, the business posted $0.90 EPS. Xcel Energy’s revenue for the quarter was down .8% compared to the same quarter last year. equities analysts expect that Xcel Energy Inc will post 2.31 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, January 20th. Shareholders of record on Thursday, December 28th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Wednesday, December 27th. This represents a $1.44 dividend on an annualized basis and a yield of 3.05%. Xcel Energy’s payout ratio is presently 61.80%.

ILLEGAL ACTIVITY WARNING: This report was published by Watch List News and is owned by of Watch List News. If you are reading this report on another publication, it was illegally copied and republished in violation of United States and international trademark & copyright legislation. The legal version of this report can be viewed at https://www.watchlistnews.com/xcel-energy-inc-xel-shares-sold-by-cubist-systematic-strategies-llc/1799485.html.

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.

Want to see what other hedge funds are holding XEL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xcel Energy Inc (NYSE:XEL).

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

Receive News & Ratings for Xcel Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xcel Energy and related companies with MarketBeat.com's FREE daily email newsletter.