Today: Today: 33,000 Shares of Xcel Energy Inc. (XEL) are sold by Swiss National Bank

Today: 33,000 Shares of Xcel Energy Inc. (XEL) are sold by Swiss National Bank

Swiss National Bank lowered its stake in shares of Xcel Energy Inc. (NYSE:XEL) by 1.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,404,983 shares of the company’s stock after selling 33,000 shares during the period. Swiss National Bank owned 0.47% of Xcel Energy worth $98,941,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of XEL. TLP Group LLC acquired a new position in shares of Xcel Energy during the second quarter valued at $116,000. Sharkey Howes & Javer raised its position in shares of Xcel Energy by 0.5% in the third quarter. Sharkey Howes & Javer now owns 2,961 shares of the company’s stock valued at $122,000 after buying an additional 15 shares during the last quarter. City Holding Co. raised its position in shares of Xcel Energy by 1.5% in the second quarter. City Holding Co. now owns 2,776 shares of the company’s stock valued at $124,000 after buying an additional 41 shares during the last quarter. Iowa State Bank acquired a new position in shares of Xcel Energy during the second quarter valued at $125,000. Finally, Hanson McClain Inc. raised its position in shares of Xcel Energy by 43.2% in the second quarter. Hanson McClain Inc. now owns 3,018 shares of the company’s stock valued at $135,000 after buying an additional 911 shares during the last quarter. 69.56% of the stock is currently owned by hedge funds and other institutional investors.

Xcel Energy Inc. (NYSE:XEL) opened at 39.52 on Monday. The company has a 50 day moving average price of $39.95 and a 200-day moving average price of $41.78. The company has a market capitalization of $20.07 billion, a PE ratio of 18.21 and a beta of 0.08. Xcel Energy Inc. has a 12-month low of $34.33 and a 12-month high of $45.42.

Xcel Energy (NYSE:XEL) last posted its quarterly earnings data on Thursday, October 27th. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.03. The firm had revenue of $3.04 billion for the quarter, compared to analysts’ expectations of $3.33 billion. Xcel Energy had a return on equity of 10.29% and a net margin of 10.08%. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.84 EPS. On average, analysts anticipate that Xcel Energy Inc. will post $2.20 EPS for the current year.

Several brokerages recently weighed in on XEL. SunTrust Banks Inc. cut their price objective on shares of Xcel Energy from $42.00 to $41.00 and set a “neutral” rating on the stock in a research report on Monday, August 29th. Zacks Investment Research raised shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research report on Wednesday, October 12th. Argus reissued a “buy” rating and issued a $48.00 price target on shares of Xcel Energy in a research report on Monday, September 26th. Jefferies Group lifted their price target on shares of Xcel Energy from $42.00 to $45.00 and gave the company a “hold” rating in a research report on Thursday, August 4th. Finally, JPMorgan Chase & Co. set a $49.00 price target on shares of Xcel Energy and gave the company a “buy” rating in a research report on Thursday, September 8th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $43.25.

In other Xcel Energy news, insider David L. Eves sold 10,000 shares of the stock in a transaction on Thursday, November 3rd. The stock was sold at an average price of $40.57, for a total transaction of $405,700.00. Following the transaction, the insider now owns 50,362 shares in the company, valued at approximately $2,043,186.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.20% of the company’s stock.

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