Gateway Investment Advisers LLC trimmed its position in shares of Xcel Energy Inc (NYSE:XEL) by 8.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,646 shares of the utilities provider’s stock after selling 2,115 shares during the period. Gateway Investment Advisers LLC’s holdings in Xcel Energy were worth $1,080,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in XEL. Stone Ridge Asset Management LLC acquired a new stake in Xcel Energy during the 4th quarter valued at $299,000. Elkfork Partners LLC acquired a new stake in Xcel Energy during the 4th quarter valued at $4,682,000. LPL Financial LLC grew its holdings in Xcel Energy by 106.2% during the 4th quarter. LPL Financial LLC now owns 179,858 shares of the utilities provider’s stock valued at $8,653,000 after purchasing an additional 92,613 shares in the last quarter. Verition Fund Management LLC acquired a new stake in Xcel Energy during the 4th quarter valued at $371,000. Finally, Jane Street Group LLC acquired a new stake in Xcel Energy during the 4th quarter valued at $838,000. 73.96% of the stock is owned by institutional investors and hedge funds.

NYSE XEL opened at $45.62 on Thursday. Xcel Energy Inc has a 12 month low of $41.51 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.

Xcel Energy (NYSE:XEL) last posted its quarterly earnings data on Thursday, April 26th. The utilities provider reported $0.57 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.06. Xcel Energy had a net margin of 10.06% and a return on equity of 10.44%. The firm had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same period in the prior year, the firm posted $0.47 EPS. The firm’s revenue was up .2% compared to the same quarter last year. equities research analysts expect that Xcel Energy Inc will post 2.44 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 20th. Shareholders of record on Friday, June 15th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $1.52 dividend on an annualized basis and a yield of 3.33%.

In other news, Chairman Benjamin G. S. Fowke III sold 80,000 shares of the firm’s stock in a transaction dated Monday, April 30th. The shares were sold at an average price of $47.01, for a total value of $3,760,800.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Timothy V. Wolf sold 3,163 shares of the firm’s stock in a transaction dated Tuesday, May 29th. The stock was sold at an average price of $45.15, for a total transaction of $142,809.45. Following the completion of the transaction, the director now owns 1,000 shares in the company, valued at $45,150. The disclosure for this sale can be found here. Corporate insiders own 0.22% of the company’s stock.

XEL has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a report on Thursday, May 17th. Morgan Stanley increased their price objective on shares of Xcel Energy from $48.00 to $50.00 and gave the company an “overweight” rating in a research note on Monday, April 16th. Mizuho upgraded shares of Xcel Energy from a “neutral” rating to a “buy” rating and set a $44.00 price objective on the stock in a research note on Tuesday, March 27th. Bank of America downgraded shares of Xcel Energy from a “buy” rating to a “neutral” rating and set a $47.00 price objective on the stock. in a research note on Wednesday, June 20th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Xcel Energy from $46.00 to $48.00 and gave the company an “overweight” rating in a research note on Wednesday, March 28th. Seven equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $47.82.

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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