Xcel Energy Inc. (NYSE:XEL) Stake Lessened by Virginia Retirement Systems ET AL

Virginia Retirement Systems ET AL reduced its stake in shares of Xcel Energy Inc. (NYSE:XEL) by 0.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 575,336 shares of the utilities provider’s stock after selling 5,300 shares during the quarter. Virginia Retirement Systems ET AL owned 0.11% of Xcel Energy worth $27,225,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. 1st Global Advisors Inc. grew its stake in Xcel Energy by 0.4% during the 2nd quarter. 1st Global Advisors Inc. now owns 4,798 shares of the utilities provider’s stock valued at $220,000 after purchasing an additional 17 shares in the last quarter. Buckingham Asset Management LLC grew its stake in Xcel Energy by 0.5% during the 2nd quarter. Buckingham Asset Management LLC now owns 5,662 shares of the utilities provider’s stock valued at $260,000 after purchasing an additional 28 shares in the last quarter. Parallel Advisors LLC grew its stake in Xcel Energy by 1.6% during the 2nd quarter. Parallel Advisors LLC now owns 2,227 shares of the utilities provider’s stock valued at $105,000 after purchasing an additional 36 shares in the last quarter. Park Avenue Securities LLC grew its position in shares of Xcel Energy by 0.6% in the 2nd quarter. Park Avenue Securities LLC now owns 8,121 shares of the utilities provider’s stock worth $326,000 after acquiring an additional 46 shares in the last quarter. Finally, Windsor Capital Management LLC grew its position in shares of Xcel Energy by 0.4% in the 2nd quarter. Windsor Capital Management LLC now owns 14,144 shares of the utilities provider’s stock worth $648,000 after acquiring an additional 58 shares in the last quarter. Institutional investors and hedge funds own 73.41% of the company’s stock.

Several research analysts have recently commented on the company. SunTrust Banks reiterated a “hold” rating and issued a $48.00 target price on shares of Xcel Energy in a research report on Monday. Mizuho reiterated a “hold” rating and issued a $46.00 target price on shares of Xcel Energy in a research report on Friday, September 29th. BidaskClub upgraded Xcel Energy from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 23rd. Morgan Stanley lifted their target price on Xcel Energy from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 10th. Finally, Zacks Investment Research lowered Xcel Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. Nine equities research analysts have rated the stock with a hold rating, four have issued 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 $49.00.

Shares of Xcel Energy Inc. (XEL) traded down $0.28 during trading on Wednesday, reaching $50.80. The company’s stock had a trading volume of 2,762,300 shares, compared to its average volume of 2,595,244. 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 company has a market cap of $25,936.53, a P/E ratio of 21.83, a P/E/G ratio of 4.05 and a beta of 0.21. Xcel Energy Inc. has a 52-week low of $38.68 and a 52-week high of $52.22.

Xcel Energy (NYSE:XEL) last announced its earnings results on Thursday, October 26th. The utilities provider reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.05. The firm had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $3.27 billion. Xcel Energy had a return on equity of 10.63% and a net margin of 10.40%. The firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.90 EPS. equities research analysts predict that Xcel Energy Inc. will post 2.31 earnings per share for the current year.

In other news, insider Mark E. Stoering sold 20,187 shares of the business’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $49.66, for a total value of $1,002,486.42. Following the sale, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Timothy V. Wolf sold 3,000 shares of the business’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 in the company, valued at approximately $183,076. The disclosure for this sale can be found here. 0.22% of the stock is currently owned by insiders.

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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.

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

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