Xcel Energy Inc (XEL) Holdings Boosted by Millennium Management LLC

Millennium Management LLC boosted its holdings in shares of Xcel Energy Inc (NYSE:XEL) by 1,682.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,075,362 shares of the utilities provider’s stock after buying an additional 1,015,020 shares during the quarter. Millennium Management LLC owned approximately 0.21% of Xcel Energy worth $48,907,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in XEL. Bank of New York Mellon Corp increased its position in Xcel Energy by 1.3% during the fourth quarter. Bank of New York Mellon Corp now owns 3,601,553 shares of the utilities provider’s stock worth $173,270,000 after buying an additional 46,342 shares during the last quarter. Employees Retirement System of Texas increased its position in Xcel Energy by 28.6% during the fourth quarter. Employees Retirement System of Texas now owns 36,000 shares of the utilities provider’s stock worth $1,732,000 after buying an additional 8,000 shares during the last quarter. TCW Group Inc. increased its position in Xcel Energy by 14.1% during the fourth quarter. TCW Group Inc. now owns 19,428 shares of the utilities provider’s stock worth $935,000 after buying an additional 2,400 shares during the last quarter. American International Group Inc. increased its position in Xcel Energy by 10.3% during the fourth quarter. American International Group Inc. now owns 228,042 shares of the utilities provider’s stock worth $10,971,000 after buying an additional 21,357 shares during the last quarter. Finally, Norinchukin Bank The increased its position in Xcel Energy by 7.4% during the fourth quarter. Norinchukin Bank The now owns 40,597 shares of the utilities provider’s stock worth $1,953,000 after buying an additional 2,803 shares during the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Xcel Energy stock opened at $43.85 on Friday. Xcel Energy Inc has a 12 month low of $41.51 and a 12 month high of $52.22. 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 posted its earnings results on Thursday, April 26th. The utilities provider reported $0.57 EPS for the quarter, beating the consensus estimate of $0.51 by $0.06. Xcel Energy had a return on equity of 10.44% and a net margin of 10.06%. The company had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter in the prior year, the business earned $0.47 earnings per share. The firm’s revenue for the quarter was up .2% on a year-over-year basis. sell-side analysts anticipate that Xcel Energy Inc will post 2.44 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 20th. Stockholders of record on Friday, June 15th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 3.47%. The ex-dividend date of this dividend is Thursday, June 14th.

A number of equities analysts have weighed in on XEL shares. Zacks Investment Research raised Xcel Energy from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research report on Thursday, May 17th. Morgan Stanley boosted their price target on Xcel Energy from $48.00 to $50.00 and gave the stock an “overweight” rating in a research report on Monday, April 16th. SunTrust Banks set a $43.00 price target on Xcel Energy and gave the stock a “hold” rating in a research report on Monday, March 19th. Mizuho raised Xcel Energy from a “neutral” rating to a “buy” rating and set a $44.00 price target on the stock in a research report on Tuesday, March 27th. Finally, Bank of America downgraded Xcel Energy from a “buy” rating to a “neutral” rating and set a $47.00 price target on the stock. in a research report on Wednesday. Six investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $47.00.

In related news, Chairman Benjamin G. S. Fowke III sold 80,000 shares of the business’s stock in a transaction that occurred on Monday, April 30th. The stock was sold at an average price of $47.01, for a total value of $3,760,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Timothy V. Wolf sold 3,163 shares of the business’s stock in a transaction that occurred on Tuesday, May 29th. The shares were sold at an average price of $45.15, for a total value of $142,809.45. Following the completion of the sale, the director now owns 1,000 shares of the company’s stock, valued at $45,150. The disclosure for this sale can be found here. 0.22% of the stock is currently owned by corporate insiders.

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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