Dearborn Partners buys $19,110,033 stake in Xcel Energy Inc (XEL)

Xcel Energy Inc (XEL) : Dearborn Partners scooped up 10,536 additional shares in Xcel Energy Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 18, 2016. The investment management firm now holds a total of 438,203 shares of Xcel Energy Inc which is valued at $19,110,033.Xcel Energy Inc makes up approximately 1.62% of Dearborn Partners’s portfolio.

Other Hedge Funds, Including , Hexavest reduced its stake in XEL by selling 23,117 shares or 3.93% in the most recent quarter. The Hedge Fund company now holds 565,347 shares of XEL which is valued at $24,790,466. Xcel Energy Inc makes up approx 0.37% of Hexavest’s portfolio.Dnb Asset Management As boosted its stake in XEL in the latest quarter, The investment management firm added 33,347 additional shares and now holds a total of 71,500 shares of Xcel Energy Inc which is valued at $3,188,185. Xcel Energy Inc makes up approx 0.07% of Dnb Asset Management As’s portfolio. Raymond James Trust N.a. added XEL to its portfolio by purchasing 4,704 company shares during the most recent quarter which is valued at $209,751. Xcel Energy Inc makes up approx 0.02% of Raymond James Trust N.a.’s portfolio.Next Financial Group Inc boosted its stake in XEL in the latest quarter, The investment management firm added 50 additional shares and now holds a total of 6,290 shares of Xcel Energy Inc which is valued at $280,471. Xcel Energy Inc makes up approx 0.09% of Next Financial Group Inc’s portfolio.

Xcel Energy Inc closed down -0.18 points or -0.41% at $43.61 with 25,32,116 shares getting traded on Wednesday. Post opening the session at $43.83, the shares hit an intraday low of $43.49 and an intraday high of $43.9099 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Xcel Energy Inc reported $0.47 EPS for the quarter, based on the information available during the earnings call on May 9, 2016. Analyst had a consensus estimate of $0.47. The company had revenue of $2772.30 million for the quarter, compared to analysts expectations of $2969.87 million. The company’s revenue was down -6.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.46 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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