Anchor Capital Advisors Lowers stake in Xcel Energy Inc (XEL)

Xcel Energy Inc (XEL) : Anchor Capital Advisors reduced its stake in Xcel Energy Inc by 4.11% during the most recent quarter end. The investment management company now holds a total of 688,916 shares of Xcel Energy Inc which is valued at $29,733,615 after selling 29,525 shares in Xcel Energy Inc , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Xcel Energy Inc makes up approximately 0.76% of Anchor Capital Advisors’s portfolio.

Other Hedge Funds, Including , First National Bank Of Omaha reduced its stake in XEL by selling 1,263 shares or 0.64% in the most recent quarter. The Hedge Fund company now holds 195,658 shares of XEL which is valued at $8,532,645. Xcel Energy Inc makes up approx 0.64% of First National Bank Of Omaha’s portfolio.Davenport Co boosted its stake in XEL in the latest quarter, The investment management firm added 50 additional shares and now holds a total of 12,531 shares of Xcel Energy Inc which is valued at $550,737. Xcel Energy Inc makes up approx 0.01% of Davenport Co’s portfolio.First Financial Bank N.a. – Trust Division reduced its stake in XEL by selling 666 shares or 6.24% in the most recent quarter. The Hedge Fund company now holds 10,006 shares of XEL which is valued at $452,972. Xcel Energy Inc makes up approx 0.09% of First Financial Bank N.a. – Trust Division’s portfolio.

Xcel Energy Inc opened for trading at $43.16 and hit $43.6707 on the upside on Thursday, eventually ending the session at $43.31, with a gain of 0.35% or 0.15 points. The heightened volatility saw the trading volume jump to 29,09,989 shares. Company has a market cap of $21,999 M.

On the company’s financial health, Xcel Energy Inc reported $0.39 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $0.40. The company had revenue of $2499.90 million for the quarter, compared to analysts expectations of $2484.69 million. The company’s revenue was down -.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.39 EPS.

Many Wall Street Analysts have commented on Xcel Energy Inc. Xcel Energy Inc was Upgraded by JP Morgan to ” Overweight” on Jun 16, 2016.

Xcel Energy Inc. is a public utility holding company. The Company’s operations include the activity of four wholly owned utility subsidiaries that serve electric and natural gas customers in eight states. These utility subsidiaries are NSP-Minnesota NSP-Wisconsin Public Service Company of Colorado (PSCo) and Southwestern Public Service Co. (SPS) and serve customers in portions of Colorado Michigan Minnesota New Mexico North Dakota South Dakota Texas and Wisconsin. Its segments include regulated electric utility regulated natural gas utility and all other. The regulated electric utility segment generates transmits and distributes electricity in Minnesota Wisconsin Michigan North Dakota South Dakota Colorado Texas and New Mexico. Regulated electric utility also includes commodity trading operations. The regulated natural gas utility segment transports stores and distributes natural gas primarily in portions of Minnesota Wisconsin North Dakota Michigan and Colorado.

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