Xcel Energy Inc (XEL) : Stewart Patten Co reduced its stake in Xcel Energy Inc by 1.76% during the most recent quarter end. The investment management company now holds a total of 562,210 shares of Xcel Energy Inc which is valued at $22,955,034 after selling 10,053 shares in Xcel Energy Inc , the firm said in a disclosure report filed with the SEC on Apr 12, 2016.Xcel Energy Inc makes up approximately 4.58% of Stewart Patten Co’s portfolio.
Xcel Energy Inc opened for trading at $40.67 and hit $40.96 on the upside on Friday, eventually ending the session at $40.83, with a gain of 0.62% or 0.25 points. The heightened volatility saw the trading volume jump to 28,20,011 shares. Company has a market cap of $20,723 M.
Other Hedge Funds, Including , Central Trust Co boosted its stake in XEL in the latest quarter, The investment management firm added 405 additional shares and now holds a total of 17,129 shares of Xcel Energy Inc which is valued at $699,377. Xcel Energy Inc makes up approx 0.05% of Central Trust Co’s portfolio.Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in XEL in the latest quarter, The investment management firm added 14,199 additional shares and now holds a total of 102,100 shares of Xcel Energy Inc which is valued at $4,168,743. Xcel Energy Inc makes up approx 0.10% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.Pensionfund Dsm Netherlands boosted its stake in XEL in the latest quarter, The investment management firm added 11,000 additional shares and now holds a total of 86,000 shares of Xcel Energy Inc which is valued at $3,508,800. Xcel Energy Inc makes up approx 0.48% of Pensionfund Dsm Netherlands’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.