First Trust Advisors LP cut its stake in shares of Xcel Energy Inc. (NYSE:XEL) by 17.6% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 1,572,508 shares of the utilities provider’s stock after selling 335,982 shares during the period. First Trust Advisors LP’s holdings in Xcel Energy were worth $72,147,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Sharkey Howes & Javer boosted its position in Xcel Energy by 0.5% in the first quarter. Sharkey Howes & Javer now owns 2,994 shares of the utilities provider’s stock valued at $133,000 after buying an additional 16 shares during the period. Alpha Windward LLC boosted its position in Xcel Energy by 0.4% in the first quarter. Alpha Windward LLC now owns 4,022 shares of the utilities provider’s stock valued at $179,000 after buying an additional 18 shares during the period. Eqis Capital Management Inc. boosted its position in Xcel Energy by 0.5% in the second quarter. Eqis Capital Management Inc. now owns 5,325 shares of the utilities provider’s stock valued at $244,000 after buying an additional 29 shares during the period. Cleararc Capital Inc. boosted its position in Xcel Energy by 0.3% in the first quarter. Cleararc Capital Inc. now owns 12,391 shares of the utilities provider’s stock valued at $551,000 after buying an additional 43 shares during the period. Finally, Park Avenue Securities LLC boosted its position in Xcel Energy by 0.6% in the second quarter. Park Avenue Securities LLC now owns 8,121 shares of the utilities provider’s stock valued at $326,000 after buying an additional 46 shares during the period. Institutional investors own 72.03% of the company’s stock.

Xcel Energy Inc. (XEL) opened at 48.19 on Friday. The company’s 50-day moving average is $46.87 and its 200 day moving average is $45.12. The firm has a market cap of $24.47 billion, a PE ratio of 21.28 and a beta of 0.19. Xcel Energy Inc. has a one year low of $38.00 and a one year high of $48.72.

Xcel Energy (NYSE:XEL) last posted its quarterly earnings results on Thursday, July 27th. The utilities provider reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.02. Xcel Energy had a net margin of 10.08% and a return on equity of 10.42%. The business had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.63 billion. During the same quarter last year, the firm posted $0.39 EPS. Xcel Energy’s revenue was up 5.8% compared to the same quarter last year. Equities analysts anticipate that Xcel Energy Inc. will post $2.20 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 20th. Investors of record on Thursday, June 15th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 2.99%. The ex-dividend date of this dividend was Tuesday, June 13th. Xcel Energy’s payout ratio is currently 63.44%.

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Several research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Xcel Energy from a “buy” rating to a “hold” rating in a report on Wednesday, June 28th. Jefferies Group LLC reiterated a “hold” rating and issued a $48.00 price target on shares of Xcel Energy in a report on Friday, June 9th. Deutsche Bank AG upped their price target on shares of Xcel Energy from $45.00 to $46.00 and gave the company a “hold” rating in a report on Friday, April 28th. 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. Finally, BidaskClub cut shares of Xcel Energy from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Ten analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Xcel Energy currently has an average rating of “Hold” and an average price target of $46.67.

In related news, EVP Kent T. Larson sold 10,000 shares of Xcel Energy stock in a transaction on Friday, July 28th. The shares were sold at an average price of $47.25, for a total value of $472,500.00. Following the completion of the sale, the executive vice president now owns 80,221 shares of the company’s stock, valued at approximately $3,790,442.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.22% of the company’s stock.

Xcel Energy Company 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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