First Premier Bank Lowers stake in Xcel Energy Inc (XEL)

Xcel Energy Inc (XEL) : First Premier Bank reduced its stake in Xcel Energy Inc by 4.1% during the most recent quarter end. The investment management company now holds a total of 124,251 shares of Xcel Energy Inc which is valued at $5,012,285 after selling 5,311 shares in Xcel Energy Inc , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.Xcel Energy Inc makes up approximately 3.84% of First Premier Bank’s portfolio.

Other Hedge Funds, Including , Community Bank N.a. added XEL to its portfolio by purchasing 200 company shares during the most recent quarter which is valued at $8,068.Legal General Group Plc boosted its stake in XEL in the latest quarter, The investment management firm added 60,407 additional shares and now holds a total of 4,067,672 shares of Xcel Energy Inc which is valued at $160,469,660. Xcel Energy Inc makes up approx 0.17% of Legal General Group Plc’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in XEL in the latest quarter, The investment management firm added 2,085 additional shares and now holds a total of 134,603 shares of Xcel Energy Inc which is valued at $5,369,314. Xcel Energy Inc makes up approx 0.12% of Oregon Public Employees Retirement Fund’s portfolio.

Xcel Energy Inc closed down -0.44 points or -1.10% at $39.45 with 39,64,968 shares getting traded on Tuesday. Post opening the session at $39.82, the shares hit an intraday low of $39.32 and an intraday high of $39.89 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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.

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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