Xcel Energy Inc (XEL) : Wealth Enhancement Advisory Services reduced its stake in Xcel Energy Inc by 31.2% during the most recent quarter end. The investment management company now holds a total of 41,415 shares of Xcel Energy Inc which is valued at $1,617,256 after selling 18,781 shares in Xcel Energy Inc , the firm said in a disclosure report filed with the SEC on Apr 20, 2016.Xcel Energy Inc makes up approximately 0.32% of Wealth Enhancement Advisory Services’s portfolio.
Xcel Energy Inc opened for trading at $38.8 and hit $39.09 on the upside on Friday, eventually ending the session at $39.05, with a gain of 1.14% or 0.44 points. The heightened volatility saw the trading volume jump to 50,38,916 shares. Company has a market cap of $19,820 M.
Other Hedge Funds, Including , Capstone Asset Management Co reduced its stake in XEL by selling 6,750 shares or 11.95% in the most recent quarter. The Hedge Fund company now holds 49,719 shares of XEL which is valued at $2,030,027. Xcel Energy Inc makes up approx 0.06% of Capstone Asset Management Co’s portfolio.Livforsakringsbolaget Skandia Omsesidigt reduced its stake in XEL by selling 16,000 shares or 29.67% in the most recent quarter. The Hedge Fund company now holds 37,929 shares of XEL which is valued at $1,548,641. Xcel Energy Inc makes up approx 0.07% of Livforsakringsbolaget Skandia Omsesidigt’s portfolio.
On the company’s financial health, Xcel Energy Inc reported $0.41 EPS for the quarter, based on the information available during the earnings call on Jan 28, 2016. Analyst had a consensus estimate of $0.41. The company had revenue of $2645.80 million for the quarter, compared to analysts expectations of $3645.26 million. The company’s revenue was down -9.7 % 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 Downgraded by Macquarie to ” Neutral” on Jan 29, 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.