Blue Sky Asset Management LLC bought a new stake in Xcel Energy Inc (NYSE:XEL) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 8,892 shares of the utilities provider’s stock, valued at approximately $420,000.

Several other hedge funds have also modified their holdings of the business. BlackRock Inc. boosted its holdings in shares of Xcel Energy by 1.7% during the 3rd quarter. BlackRock Inc. now owns 44,059,445 shares of the utilities provider’s stock valued at $2,080,045,000 after acquiring an additional 752,647 shares in the last quarter. Boston Partners boosted its holdings in shares of Xcel Energy by 3.0% during the 2nd quarter. Boston Partners now owns 5,957,623 shares of the utilities provider’s stock valued at $272,145,000 after acquiring an additional 172,830 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Xcel Energy by 1.0% during the 3rd quarter. American Century Companies Inc. now owns 5,255,488 shares of the utilities provider’s stock valued at $248,112,000 after acquiring an additional 52,950 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of Xcel Energy by 4.4% during the 2nd quarter. Legal & General Group Plc now owns 4,778,106 shares of the utilities provider’s stock valued at $218,242,000 after acquiring an additional 201,064 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of Xcel Energy by 6.2% during the 2nd quarter. Bank of America Corp DE now owns 4,055,913 shares of the utilities provider’s stock valued at $185,274,000 after acquiring an additional 238,395 shares in the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

In other Xcel Energy news, Director Lynn Casey acquired 1,000 shares of the stock in a transaction dated Wednesday, September 5th. The stock was purchased at an average cost of $48.89 per share, with a total value of $48,890.00. Following the transaction, the director now owns 3,131 shares in the company, valued at approximately $153,074.59. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, SVP Judy M. Poferl sold 7,182 shares of Xcel Energy stock in a transaction dated Friday, September 7th. The stock was sold at an average price of $48.67, for a total value of $349,547.94. Following the completion of the transaction, the senior vice president now directly owns 25,460 shares of the company’s stock, valued at $1,239,138.20. The disclosure for this sale can be found here. 0.22% of the stock is owned by company insiders.

Shares of NYSE:XEL opened at $50.75 on Thursday. Xcel Energy Inc has a 12-month low of $41.51 and a 12-month high of $52.46.

Xcel Energy (NYSE:XEL) last announced its earnings results on Thursday, October 25th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.98 by ($0.02). The company had revenue of $3.05 billion during the quarter, compared to analyst estimates of $3.08 billion.

XEL has been the topic of several recent research reports. Argus raised their price objective on Xcel Energy from $53.00 to $57.00 and gave the company a “buy” rating in a report on Wednesday, October 31st. Zacks Investment Research raised Xcel Energy from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a report on Wednesday. Barclays set a $54.00 price objective on Xcel Energy and gave the company a “buy” rating in a report on Monday. Morgan Stanley raised their target price on Xcel Energy from $49.00 to $52.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 11th. Finally, Mizuho lowered Xcel Energy from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $48.50 to $47.00 in a research report on Friday, November 2nd. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $50.00.

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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.

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

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