Mason Street Advisors LLC Increases Stake in Xcel Energy Inc (XEL)

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Mason Street Advisors LLC grew its position in Xcel Energy Inc (NYSE:XEL) by 1.2% in the first quarter, according to its most recent filing with the SEC. The fund owned 73,359 shares of the utilities provider’s stock after acquiring an additional 889 shares during the period. Mason Street Advisors LLC’s holdings in Xcel Energy were worth $4,124,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Sandy Spring Bank lifted its stake in shares of Xcel Energy by 8.1% in the 1st quarter. Sandy Spring Bank now owns 2,425 shares of the utilities provider’s stock valued at $136,000 after acquiring an additional 182 shares during the last quarter. Canandaigua National Bank & Trust Co. lifted its stake in shares of Xcel Energy by 1.3% in the 1st quarter. Canandaigua National Bank & Trust Co. now owns 15,036 shares of the utilities provider’s stock valued at $845,000 after acquiring an additional 195 shares during the last quarter. Northstar Investment Advisors LLC lifted its stake in shares of Xcel Energy by 1.1% in the 1st quarter. Northstar Investment Advisors LLC now owns 18,817 shares of the utilities provider’s stock valued at $1,058,000 after acquiring an additional 205 shares during the last quarter. Private Capital Group LLC lifted its stake in shares of Xcel Energy by 16.9% in the 4th quarter. Private Capital Group LLC now owns 1,496 shares of the utilities provider’s stock valued at $74,000 after acquiring an additional 216 shares during the last quarter. Finally, Dean Investment Associates LLC lifted its stake in shares of Xcel Energy by 1.0% in the 4th quarter. Dean Investment Associates LLC now owns 22,097 shares of the utilities provider’s stock valued at $1,089,000 after acquiring an additional 223 shares during the last quarter. Institutional investors own 73.96% of the company’s stock.

Shares of NYSE:XEL opened at $58.21 on Friday. Xcel Energy Inc has a 12-month low of $41.99 and a 12-month high of $58.48.

Xcel Energy (NYSE:XEL) last announced its earnings results on Thursday, April 25th. The utilities provider reported $0.61 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.61. The company had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.11 billion. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.57 earnings per share.

The business also recently announced a quarterly dividend, which will be paid on Saturday, July 20th. Investors of record on Friday, June 14th will be given a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a yield of 2.78%. The ex-dividend date is Thursday, June 13th.

In related news, SVP Judy M. Poferl sold 8,953 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $55.86, for a total transaction of $500,114.58. Following the completion of the transaction, the senior vice president now directly owns 8,855 shares of the company’s stock, valued at approximately $494,640.30. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Benjamin G. S. Fowke III sold 75,000 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $55.13, for a total value of $4,134,750.00. The disclosure for this sale can be found here. 0.22% of the stock is owned by company insiders.

XEL has been the subject of several analyst reports. Zacks Investment Research raised Xcel Energy from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a research report on Monday, February 4th. Wolfe Research set a $57.00 target price on Xcel Energy and gave the stock a “hold” rating in a research report on Friday, April 26th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $53.14.

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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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