Xcel Energy Inc (XEL) : North Point Portfolio Managers Corpoh reduced its stake in Xcel Energy Inc by 22.42% during the most recent quarter end. The investment management company now holds a total of 8,407 shares of Xcel Energy Inc which is valued at $365,705 after selling 2,430 shares in Xcel Energy Inc , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Xcel Energy Inc makes up approximately 0.07% of North Point Portfolio Managers Corpoh’s portfolio.
Other Hedge Funds, Including , Aviance Capital Management boosted its stake in XEL in the latest quarter, The investment management firm added 1,818 additional shares and now holds a total of 20,598 shares of Xcel Energy Inc which is valued at $896,013. Xcel Energy Inc makes up approx 0.03% of Aviance Capital Management’s portfolio. America First Investment Advisors sold out all of its stake in XEL during the most recent quarter. The investment firm sold 200 shares of XEL which is valued $8,864.Exxonmobil Investment Management Inc Tx boosted its stake in XEL in the latest quarter, The investment management firm added 7,907 additional shares and now holds a total of 131,484 shares of Xcel Energy Inc which is valued at $5,862,872. Xcel Energy Inc makes up approx 0.12% of Exxonmobil Investment Management Inc Tx’s portfolio.
Xcel Energy Inc opened for trading at $43.74 and hit $44.16 on the upside on Friday, eventually ending the session at $43.98, with a gain of 0.50% or 0.22 points. The heightened volatility saw the trading volume jump to 28,78,767 shares. Company has a market cap of $22,340 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.
Many Wall Street Analysts have commented on Xcel Energy Inc. Xcel Energy Inc was Upgraded by JP Morgan to ” Overweight” on Jun 16, 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.