First Dallas Securities Lowers stake in Xcel Energy Inc (XEL)

Xcel Energy Inc (XEL) : First Dallas Securities reduced its stake in Xcel Energy Inc by 14.01% during the most recent quarter end. The investment management company now holds a total of 88,853 shares of Xcel Energy Inc which is valued at $3,594,992 after selling 14,480 shares in Xcel Energy Inc , the firm said in a disclosure report filed with the SEC on May 3, 2016.Xcel Energy Inc makes up approximately 2.89% of First Dallas Securities’s portfolio.

Other Hedge Funds, Including , Scout Investments reduced its stake in XEL by selling 245,684 shares or 23.88% in the most recent quarter. The Hedge Fund company now holds 782,979 shares of XEL which is valued at $31,679,330. Xcel Energy Inc makes up approx 0.86% of Scout Investments’s portfolio.Ifp Advisors Inc boosted its stake in XEL in the latest quarter, The investment management firm added 1,648 additional shares and now holds a total of 14,084 shares of Xcel Energy Inc which is valued at $569,839. Xcel Energy Inc makes up approx 0.03% of Ifp Advisors Inc’s portfolio. Parsons Capital Management Incri added XEL to its portfolio by purchasing 5,038 company shares during the most recent quarter which is valued at $201,671. Xcel Energy Inc makes up approx 0.03% of Parsons Capital Management Incri’s portfolio. Headinvest added XEL to its portfolio by purchasing 5,068 company shares during the most recent quarter which is valued at $197,905. Xcel Energy Inc makes up approx 0.08% of Headinvest’s portfolio.

Xcel Energy Inc opened for trading at $41.31 and hit $41.56 on the upside on Tuesday, eventually ending the session at $41.36, with a gain of 0.49% or 0.2 points. The heightened volatility saw the trading volume jump to 31,60,188 shares. Company has a market cap of $20,992 M.

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.

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.

Leave a Reply

Xcel Energy Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Xcel Energy Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.