Envestnet Asset Management Inc. reduced its stake in shares of Xcel Energy Inc (NYSE:XEL) by 7.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,666 shares of the utilities provider’s stock after selling 1,682 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Xcel Energy were worth $1,024,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Assetmark Inc. boosted its stake in shares of Xcel Energy by 118.9% during 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 during the period. Parallel Advisors LLC lifted its stake in Xcel Energy by 1.6% in the second quarter. Parallel Advisors LLC now owns 2,227 shares of the utilities provider’s stock worth $105,000 after acquiring an additional 36 shares during the period. Sandy Spring Bank lifted its stake in Xcel Energy by 24.8% in the second quarter. Sandy Spring Bank now owns 2,401 shares of the utilities provider’s stock worth $110,000 after acquiring an additional 477 shares during the period. BB&T Investment Services Inc. lifted its stake in Xcel Energy by 73.3% in the third quarter. BB&T Investment Services Inc. now owns 2,730 shares of the utilities provider’s stock worth $145,000 after acquiring an additional 1,155 shares during the period. Finally, Dupont Capital Management Corp purchased a new stake in Xcel Energy in the second quarter worth about $135,000. 73.31% of the stock is owned by hedge funds and other institutional investors.

In other Xcel Energy news, Director Timothy V. Wolf sold 3,000 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $49.48, for a total value of $148,440.00. Following the completion of the sale, the director now directly owns 3,700 shares of the company’s stock, valued at approximately $183,076. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Marvin E. Jr. Mcdaniel sold 5,176 shares of the firm’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $51.07, for a total value of $264,338.32. Following the completion of the sale, the executive vice president now directly owns 81,371 shares of the company’s stock, valued at $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 over the last ninety days. Corporate insiders own 0.22% of the company’s stock.

A number of brokerages have commented on XEL. Jefferies Group reiterated a “hold” rating and issued a $50.00 target price on shares of Xcel Energy in a report on Thursday, August 31st. SunTrust Banks reiterated a “hold” rating and issued a $47.00 target price on shares of Xcel Energy in a report on Tuesday, October 24th. J P Morgan Chase & Co boosted their target price on shares of Xcel Energy from $51.00 to $53.00 and gave the stock an “overweight” rating in a report on Thursday, October 12th. Morgan Stanley boosted their target price on shares of Xcel Energy from $46.00 to $48.00 and gave the stock an “equal weight” rating in a report on Friday, September 8th. Finally, ValuEngine upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Xcel Energy has a consensus rating of “Hold” and a consensus price target of $49.45.

Xcel Energy Inc (NYSE XEL) opened at $49.33 on Wednesday. Xcel Energy Inc has a 52-week low of $40.04 and a 52-week high of $52.22. The stock has a market capitalization of $25,788.01, a P/E ratio of 21.70, a PEG ratio of 4.03 and a beta of 0.21. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.68 and a current ratio of 0.87.

Xcel Energy (NYSE:XEL) last announced its quarterly earnings data on Thursday, October 26th. The utilities provider reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.05. The company had revenue of $3.02 billion for the quarter, compared to analyst estimates of $3.27 billion. Xcel Energy had a return on equity of 17.50% and a net margin of 16.31%. The firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter last year, the firm posted $0.90 EPS. analysts expect that Xcel Energy Inc will post 2.31 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, January 20th. Shareholders of record on Thursday, December 28th will be issued a $0.36 dividend. The ex-dividend date is Wednesday, December 27th. This represents a $1.44 dividend on an annualized basis and a yield of 2.92%. Xcel Energy’s payout ratio is currently 61.54%.

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

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