Accredited Investors Inc. decreased its stake in shares of Xcel Energy Inc (NYSE:XEL) by 7.6% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 6,021 shares of the utilities provider’s stock after selling 493 shares during the period. Accredited Investors Inc.’s holdings in Xcel Energy were worth $338,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of XEL. Capital Investment Advisory Services LLC acquired a new stake in Xcel Energy in the 4th quarter valued at approximately $25,000. Claybrook Capital LLC acquired a new stake in Xcel Energy in the 4th quarter valued at approximately $25,000. Altshuler Shaham Ltd acquired a new stake in Xcel Energy in the 4th quarter valued at approximately $26,000. Bruderman Asset Management LLC acquired a new stake in Xcel Energy in the 4th quarter valued at approximately $27,000. Finally, Somerset Trust Co grew its holdings in Xcel Energy by 195.6% in the 1st quarter. Somerset Trust Co now owns 606 shares of the utilities provider’s stock valued at $34,000 after buying an additional 401 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors and hedge funds.
Shares of XEL stock traded down $0.01 during mid-day trading on Wednesday, reaching $54.86. The stock had a trading volume of 881,876 shares, compared to its average volume of 3,484,318. Xcel Energy Inc has a one year low of $41.99 and a one year high of $57.51.
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, April 20th. Shareholders of record on Friday, March 15th will be given a $0.405 dividend. The ex-dividend date is Thursday, March 14th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 2.95%. This is an increase from Xcel Energy’s previous quarterly dividend of $0.38.
In other Xcel Energy news, SVP Judy M. Poferl sold 8,953 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $55.86, for a total value of $500,114.58. Following the completion of the sale, the senior vice president now owns 8,855 shares in the company, valued at approximately $494,640.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Benjamin G. S. Fowke III sold 75,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $55.13, for a total value of $4,134,750.00. The disclosure for this sale can be found here. Insiders sold a total of 98,957 shares of company stock valued at $5,431,127 in the last quarter. Corporate insiders own 0.22% of the company’s stock.
Separately, Zacks Investment Research reaffirmed a “buy” rating and issued a $57.00 target price on shares of Xcel Energy in a report on Monday, December 31st. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $52.50.
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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