Weatherstone Capital Management Exits Position in Xcel Energy Inc (XEL)

Xcel Energy Inc (XEL) : Weatherstone Capital Management has sold out all of its stake in Xcel Energy Inc during the most recent quarter, according to the disclosure filed by the company on May 13, 2016 with the SEC. The investment management company has sold out 5,995 shares of Xcel Energy Inc which is valued at $250,051.

Other Hedge Funds, Including , Magellan Asset Management Ltd reduced its stake in XEL by selling 159,008 shares or 15.95% in the most recent quarter. The Hedge Fund company now holds 837,621 shares of XEL which is valued at $34.9 Million. Xcel Energy Inc makes up approx 0.19% of Magellan Asset Management Ltd’s portfolio.Rs Investment Management Co boosted its stake in XEL in the latest quarter, The investment management firm added 185,430 additional shares and now holds a total of 347,670 shares of Xcel Energy Inc which is valued at $14.5 Million. Xcel Energy Inc makes up approx 0.14% of Rs Investment Management Co’s portfolio. Convergence Investment Partners sold out all of its stake in XEL during the most recent quarter. The investment firm sold 74,412 shares of XEL which is valued $3.1 Million.Schroder Investment Management Group boosted its stake in XEL in the latest quarter, The investment management firm added 25,153 additional shares and now holds a total of 65,312 shares of Xcel Energy Inc which is valued at $2.7 Million. Xcel Energy Inc makes up approx 0.01% of Schroder Investment Management Group’s portfolio.Tci Wealth Advisors reduced its stake in XEL by selling 1,168 shares or 22.23% in the most recent quarter. The Hedge Fund company now holds 4,085 shares of XEL which is valued at $163,523. Xcel Energy Inc makes up approx 0.09% of Tci Wealth Advisors’s portfolio.

Xcel Energy Inc closed down -0.19 points or -0.47% at $40.37 with 27,79,530 shares getting traded on Wednesday. Post opening the session at $40.45, the shares hit an intraday low of $40.17 and an intraday high of $40.535 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.

Investors should note that on May 18, 2016, Xcel Energy Inc announced a cash dividend of $0.3400. The company’s management has announced Jun 14, 2016 as the ex-dividend date and fixed the record date on Jun 16, 2016. The payable date has been fixed on Jul 20, 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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