Woodmont Investment Counsel LLC increased its holdings in Xcel Energy Inc (NYSE:XEL) by 8.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,125 shares of the utilities provider’s stock after purchasing an additional 500 shares during the period. Woodmont Investment Counsel LLC’s holdings in Xcel Energy were worth $364,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Krane Funds Advisors LLC bought a new stake in Xcel Energy in the second quarter worth $25,000. Manchester Financial Inc. bought a new stake in Xcel Energy in the second quarter worth $26,000. Dougherty Wealth Advisers LLC bought a new stake in Xcel Energy in the second quarter worth $30,000. Country Trust Bank increased its position in Xcel Energy by 100.0% in the second quarter. Country Trust Bank now owns 700 shares of the utilities provider’s stock worth $41,000 after purchasing an additional 350 shares during the last quarter. Finally, AGF Investments LLC bought a new stake in Xcel Energy in the second quarter worth $44,000. Institutional investors own 73.96% of the company’s stock.
XEL stock traded up $0.18 during mid-day trading on Thursday, reaching $64.19. 712,296 shares of the stock traded hands, compared to its average volume of 3,246,104. Xcel Energy Inc has a one year low of $46.01 and a one year high of $66.05. The business has a 50-day moving average price of $62.59 and a two-hundred day moving average price of $59.04.
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, October 20th. Shareholders of record on Friday, September 13th will be given a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date is Thursday, September 12th.
Several equities research analysts recently weighed in on XEL shares. UBS Group boosted their price target on shares of Xcel Energy from $63.00 to $66.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. KeyCorp started coverage on shares of Xcel Energy in a research report on Tuesday, June 4th. They set an “overweight” rating and a $62.00 price objective on the stock. Zacks Investment Research upgraded shares of Xcel Energy from a “sell” rating to a “hold” rating and set a $66.00 price objective on the stock in a research report on Monday, August 26th. Argus boosted their price objective on shares of Xcel Energy to $64.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. Finally, SunTrust Banks set a $63.00 price objective on shares of Xcel Energy and gave the company a “hold” rating in a research report on Tuesday, September 3rd. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $61.33.
In other news, insider Mark E. Stoering sold 4,882 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $64.87, for a total value of $316,695.34. Following the transaction, the insider now directly owns 51,797 shares in the company, valued at $3,360,071.39. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Christopher B. Clark sold 2,000 shares of the company’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $64.25, for a total transaction of $128,500.00. The disclosure for this sale can be found here. Insiders have sold 49,382 shares of company stock worth $3,133,045 in the last quarter. Company insiders own 0.22% of the company’s stock.
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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