Profund Advisors LLC Has $4.88 Million Stock Position in Xcel Energy Inc (NYSE:XEL)

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Profund Advisors LLC grew its position in Xcel Energy Inc (NYSE:XEL) by 6.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 76,924 shares of the utilities provider’s stock after purchasing an additional 4,932 shares during the period. Profund Advisors LLC’s holdings in Xcel Energy were worth $4,884,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the business. Magellan Asset Management Ltd boosted its holdings in shares of Xcel Energy by 35.4% during the fourth quarter. Magellan Asset Management Ltd now owns 31,040,812 shares of the utilities provider’s stock worth $1,970,781,000 after purchasing an additional 8,116,737 shares during the period. State Street Corp raised its position in Xcel Energy by 5.4% during the fourth quarter. State Street Corp now owns 28,435,978 shares of the utilities provider’s stock valued at $1,816,902,000 after acquiring an additional 1,444,840 shares in the last quarter. Pictet Asset Management Ltd. raised its position in shares of Xcel Energy by 13.2% in the fourth quarter. Pictet Asset Management Ltd. now owns 6,133,215 shares of the utilities provider’s stock valued at $389,398,000 after purchasing an additional 716,835 shares during the period. Boston Partners raised its position in shares of Xcel Energy by 4.2% in the fourth quarter. Boston Partners now owns 4,490,669 shares of the utilities provider’s stock valued at $285,094,000 after purchasing an additional 182,061 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in shares of Xcel Energy by 10.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 4,408,382 shares of the utilities provider’s stock valued at $279,888,000 after purchasing an additional 428,027 shares during the period. Institutional investors own 73.96% of the company’s stock.

XEL has been the topic of a number of recent analyst reports. UBS Group dropped their price target on shares of Xcel Energy from $75.00 to $65.00 and set a “neutral” rating on the stock in a research report on Monday, March 16th. Wells Fargo & Co lifted their price target on shares of Xcel Energy from $70.00 to $77.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Bank of America raised shares of Xcel Energy from an “underperform” rating to a “neutral” rating and set a $70.00 price target on the stock in a research report on Friday, January 31st. Goldman Sachs Group initiated coverage on shares of Xcel Energy in a research report on Sunday, December 15th. They issued a “neutral” rating and a $59.00 price target on the stock. Finally, Cfra lifted their price target on shares of Xcel Energy from $62.00 to $64.00 and gave the company a “sell” rating in a research report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the stock. Xcel Energy has an average rating of “Hold” and an average target price of $64.36.

XEL stock traded up $2.36 on Thursday, reaching $57.91. 5,485,008 shares of the company were exchanged, compared to its average volume of 4,247,249. Xcel Energy Inc has a 12 month low of $46.58 and a 12 month high of $72.14. The stock’s fifty day moving average price is $65.91 and its 200 day moving average price is $64.08.

Xcel Energy (NYSE:XEL) last announced its earnings results on Thursday, January 30th. The utilities provider reported $0.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.03. The company had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $3.04 billion. During the same period last year, the firm posted $0.42 EPS. The company’s revenue was down 2.8% compared to the same quarter last year.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 20th. Investors of record on Friday, March 13th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $1.72 dividend on an annualized basis and a yield of 2.97%. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.41.

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

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