Huntington National Bank Has $1.08 Million Stock Position in Xcel Energy Inc (NYSE:XEL)

Huntington National Bank reduced its stake in Xcel Energy Inc (NYSE:XEL) by 3.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,581 shares of the utilities provider’s stock after selling 661 shares during the quarter. Huntington National Bank’s holdings in Xcel Energy were worth $1,076,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Gradient Investments LLC lifted its stake in Xcel Energy by 71.6% in the third quarter. Gradient Investments LLC now owns 398 shares of the utilities provider’s stock valued at $26,000 after buying an additional 166 shares during the period. Krane Funds Advisors LLC acquired a new position in shares of Xcel Energy during the second quarter worth approximately $25,000. JJJ Advisors Inc. acquired a new position in shares of Xcel Energy during the third quarter worth approximately $28,000. Manchester Financial Inc. acquired a new position in shares of Xcel Energy during the second quarter worth approximately $26,000. Finally, Prestige Wealth Management Group LLC acquired a new position in shares of Xcel Energy during the second quarter worth approximately $27,000. 73.96% of the stock is currently owned by institutional investors.

In related news, insider Christopher B. Clark sold 2,500 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $62.38, for a total transaction of $155,950.00. Following the completion of the sale, the insider now owns 16,560 shares in the company, valued at $1,033,012.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Scott M. Wilensky sold 15,000 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $61.71, for a total value of $925,650.00. The disclosure for this sale can be found here. Insiders have sold 49,382 shares of company stock valued at $3,133,045 in the last quarter. 0.22% of the stock is currently owned by corporate insiders.

XEL has been the topic of a number of research reports. Barclays lowered Xcel Energy from an “overweight” rating to an “equal weight” rating and set a $64.00 target price on the stock. in a research report on Tuesday, August 13th. They noted that the move was a valuation call. Bank of America lowered Xcel Energy from a “neutral” rating to an “underperform” rating and set a $62.00 target price on the stock. in a research report on Monday, September 30th. KeyCorp upped their target price on Xcel Energy from $67.00 to $73.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Mizuho upped their target price on Xcel Energy from $50.00 to $64.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Finally, Morgan Stanley upped their target price on Xcel Energy from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Friday, September 6th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. Xcel Energy has a consensus rating of “Hold” and an average target price of $64.20.

Shares of NYSE:XEL traded down $0.36 during trading on Friday, reaching $59.97. 292,480 shares of the stock were exchanged, compared to its average volume of 3,276,248. Xcel Energy Inc has a 1-year low of $47.70 and a 1-year high of $66.05. The stock has a fifty day moving average of $63.77 and a two-hundred day moving average of $61.02.

Xcel Energy (NYSE:XEL) last announced its quarterly earnings results on Thursday, October 24th. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.03 by ($0.02). The company had revenue of $3.01 billion during the quarter, compared to analyst estimates of $3.55 billion. During the same period in the prior year, the business earned $0.96 EPS. The company’s quarterly revenue was down 1.1% compared to the same quarter last year.

The business also recently declared a quarterly dividend, which was paid on Sunday, October 20th. Investors of record on Friday, September 13th were issued a dividend of $0.405 per share. The ex-dividend date was Thursday, September 12th. This represents a $1.62 annualized dividend and a yield of 2.70%.

About Xcel Energy

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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