Xcel Energy Inc. (NASDAQ:XEL) Shares Sold by Ossiam

Posted by Defense World Staff on Jun 10th, 2023

Ossiam lowered its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL – Get Rating) by 96.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,153 shares of the company’s stock after selling 29,008 shares during the period. Ossiam’s holdings in Xcel Energy were worth $81,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of XEL. Stillwater Investment Management LLC lifted its position in Xcel Energy by 0.8% during the 4th quarter. Stillwater Investment Management LLC now owns 17,700 shares of the company’s stock worth $1,241,000 after buying an additional 142 shares in the last quarter. Sandy Spring Bank lifted its position in Xcel Energy by 3.5% during the 4th quarter. Sandy Spring Bank now owns 4,292 shares of the company’s stock valued at $301,000 after purchasing an additional 147 shares during the period. W.H. Cornerstone Investments Inc. lifted its position in Xcel Energy by 4.5% during the 4th quarter. W.H. Cornerstone Investments Inc. now owns 3,580 shares of the company’s stock valued at $255,000 after purchasing an additional 155 shares during the period. Ameritas Investment Partners Inc. lifted its position in Xcel Energy by 0.8% during the 1st quarter. Ameritas Investment Partners Inc. now owns 19,660 shares of the company’s stock valued at $1,418,000 after purchasing an additional 156 shares during the period. Finally, Shaker Investments LLC OH lifted its position in Xcel Energy by 1.5% during the 4th quarter. Shaker Investments LLC OH now owns 10,555 shares of the company’s stock valued at $740,000 after purchasing an additional 161 shares during the period. Institutional investors and hedge funds own 77.15% of the company’s stock.

Insider Buying and Selling at Xcel Energy

In other news, EVP Timothy John O’connor sold 15,625 shares of Xcel Energy stock in a transaction dated Friday, April 28th. The stock was sold at an average price of $69.59, for a total transaction of $1,087,343.75. Following the sale, the executive vice president now directly owns 6,498 shares of the company’s stock, valued at $452,195.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

XEL has been the topic of a number of research reports. Wolfe Research downgraded shares of Xcel Energy from an “outperform” rating to a “peer perform” rating in a research report on Friday, June 2nd. The Goldman Sachs Group initiated coverage on Xcel Energy in a research note on Wednesday. They set a “buy” rating and a $75.00 target price for the company. Mizuho lowered their target price on Xcel Energy from $72.00 to $69.00 in a research note on Tuesday, May 30th. Bank of America decreased their price target on shares of Xcel Energy from $74.00 to $70.00 in a research note on Tuesday. Finally, JPMorgan Chase & Co. cut shares of Xcel Energy from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $79.00 to $68.00 in a research note on Friday, June 2nd. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $70.17.

Xcel Energy Stock Down 1.1 %

Shares of NASDAQ XEL opened at $63.45 on Friday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.65 and a current ratio of 0.75. Xcel Energy Inc. has a 52 week low of $56.89 and a 52 week high of $77.66. The stock has a market capitalization of $34.92 billion, a P/E ratio of 19.64, a PEG ratio of 3.03 and a beta of 0.43. The stock’s fifty day moving average is $67.88 and its 200 day moving average is $67.87.

Xcel Energy (NASDAQ:XEL – Get Rating) last issued its quarterly earnings results on Thursday, April 27th. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. Xcel Energy had a return on equity of 10.78% and a net margin of 11.34%. The company had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $3.76 billion. During the same quarter last year, the business earned $0.70 earnings per share. Xcel Energy’s revenue was up 8.8% on a year-over-year basis. Sell-side analysts forecast that Xcel Energy Inc. will post 3.36 earnings per share for the current fiscal year.

Xcel Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 20th. Shareholders of record on Thursday, June 15th will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date is Wednesday, June 14th. Xcel Energy’s dividend payout ratio is presently 64.40%.

About Xcel Energy

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Xcel Energy, Inc operates as a holding company engaged in the generation, purchase, transmission, distribution, and sale of electricity. It operates through the following three segments: Regulated Electric Utility, Regulated Natural Gas Utility and All Others. The Regulated Electric Utility segment generates, transmits, and distributes electricity primarily in Minnesota, Wisconsin, Michigan, North Dakota, South Dakota, Colorado, Texas, and New Mexico.