Xcel Energy Inc (XEL) Shares Bought by Creative Planning

Creative Planning increased its stake in shares of Xcel Energy Inc (NYSE:XEL) by 5.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 104,444 shares of the utilities provider’s stock after purchasing an additional 5,601 shares during the period. Creative Planning’s holdings in Xcel Energy were worth $5,025,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of XEL. Assetmark Inc. boosted its position in shares of Xcel Energy by 118.9% during the 3rd quarter. Assetmark Inc. now owns 2,191 shares of the utilities provider’s stock worth $104,000 after purchasing an additional 1,190 shares during the period. Krilogy Financial LLC purchased a new position in Xcel Energy in the 3rd quarter valued at approximately $127,000. BB&T Investment Services Inc. boosted its position in Xcel Energy by 73.3% in the 3rd quarter. BB&T Investment Services Inc. now owns 2,730 shares of the utilities provider’s stock valued at $145,000 after buying an additional 1,155 shares during the period. Sun Life Financial INC boosted its position in Xcel Energy by 30,858.3% in the 2nd quarter. Sun Life Financial INC now owns 3,715 shares of the utilities provider’s stock valued at $170,000 after buying an additional 3,703 shares during the period. Finally, Sandy Spring Bank boosted its position in Xcel Energy by 56.6% in the 3rd quarter. Sandy Spring Bank now owns 3,761 shares of the utilities provider’s stock valued at $178,000 after buying an additional 1,360 shares during the period. 73.32% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Mark E. Stoering sold 20,187 shares of the firm’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $49.66, for a total value of $1,002,486.42. Following the sale, the insider now directly owns 48,424 shares in the company, valued at approximately $2,404,735.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Timothy V. Wolf sold 3,000 shares of the firm’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $49.48, for a total transaction of $148,440.00. Following the completion of the sale, the director now owns 3,700 shares in the company, valued at $183,076. The disclosure for this sale can be found here. Insiders sold a total of 28,363 shares of company stock worth $1,415,265 over the last 90 days. Company insiders own 0.22% of the company’s stock.

Several equities analysts have commented on the stock. SunTrust Banks set a $42.00 price target on shares of Xcel Energy and gave the company a “hold” rating in a research report on Wednesday. Zacks Investment Research raised shares of Xcel Energy from a “sell” rating to a “hold” rating in a research report on Monday, January 15th. Mizuho reissued a “hold” rating and issued a $46.00 price target on shares of Xcel Energy in a research report on Friday, September 29th. Jefferies Group reissued a “hold” rating and issued a $50.00 price target on shares of Xcel Energy in a research report on Friday, October 6th. Finally, Bank of America assumed coverage on shares of Xcel Energy in a research report on Tuesday, October 24th. They issued a “buy” rating and a $53.00 price target for the company. Nine equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Xcel Energy has an average rating of “Hold” and a consensus price target of $48.91.

Shares of Xcel Energy Inc (XEL) opened at $45.13 on Friday. Xcel Energy Inc has a fifty-two week low of $40.43 and a fifty-two week high of $52.22. The firm has a market cap of $22,920.00, a price-to-earnings ratio of 19.37, a PEG ratio of 3.38 and a beta of 0.21. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.87 and a quick ratio of 0.68.

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

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, January 20th. Stockholders of record on Thursday, December 28th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Wednesday, December 27th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.19%. Xcel Energy’s payout ratio is 61.80%.

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Xcel Energy 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.

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

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