Pensionfund Sabic adds Xcel Energy Inc (XEL) to its portfolio

Xcel Energy Inc (XEL) : Pensionfund Sabic added new position in Xcel Energy Inc during the most recent quarter end. The investment management firm now holds 42,000 shares of Xcel Energy Inc which is valued at $1,656,900 , the company said in a statement filed on Oct 12, 2016 with the SEC.Xcel Energy Inc makes up approximately 0.51% of Pensionfund Sabic’s portfolio.

Other Hedge Funds, Including , Hexavest reduced its stake in XEL by selling 38,870 shares or 6.88% in the most recent quarter. The Hedge Fund company now holds 526,477 shares of XEL which is valued at $20,769,518. Xcel Energy Inc makes up approx 0.38% of Hexavest’s portfolio.Gofen Glossberg Il reduced its stake in XEL by selling 5 shares or 0.07% in the most recent quarter. The Hedge Fund company now holds 7,005 shares of XEL which is valued at $279,429. Xcel Energy Inc makes up approx 0.01% of Gofen Glossberg Il’s portfolio.Raymond James Trust N.a. boosted its stake in XEL in the latest quarter, The investment management firm added 621 additional shares and now holds a total of 5,325 shares of Xcel Energy Inc which is valued at $212,414. Xcel Energy Inc makes up approx 0.02% of Raymond James Trust N.a.’s portfolio.Washington Trust Bank boosted its stake in XEL in the latest quarter, The investment management firm added 72 additional shares and now holds a total of 1,953 shares of Xcel Energy Inc which is valued at $77,163. Xcel Energy Inc makes up approx 0.02% of Washington Trust Bank’s portfolio.

Xcel Energy Inc closed down -0.44 points or -1.10% at $39.45 with 39,64,968 shares getting traded on Tuesday. Post opening the session at $39.82, the shares hit an intraday low of $39.32 and an intraday high of $39.89 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Xcel Energy Inc reported $0.39 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $0.40. The company had revenue of $2499.90 million for the quarter, compared to analysts expectations of $2484.69 million. The company’s revenue was down -.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.39 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.

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