Farmers & Merchants Trust Co of Chambersburg PA cut its position in Xcel Energy Inc (NYSE:XEL) by 6.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,385 shares of the utilities provider’s stock after selling 170 shares during the quarter. Farmers & Merchants Trust Co of Chambersburg PA’s holdings in Xcel Energy were worth $142,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Somerset Trust Co raised its position in shares of Xcel Energy by 195.6% in the 1st quarter. Somerset Trust Co now owns 606 shares of the utilities provider’s stock valued at $34,000 after buying an additional 401 shares in the last quarter. First Bank & Trust acquired a new position in shares of Xcel Energy in the 1st quarter valued at approximately $39,000. Country Trust Bank raised its position in shares of Xcel Energy by 100.0% in the 2nd quarter. Country Trust Bank now owns 700 shares of the utilities provider’s stock valued at $41,000 after buying an additional 350 shares in the last quarter. Legacy Advisors LLC acquired a new position in shares of Xcel Energy in the 1st quarter valued at approximately $43,000. Finally, Next Capital Management LLC acquired a new position in shares of Xcel Energy in the 1st quarter valued at approximately $64,000. Institutional investors own 73.96% of the company’s stock.

In other Xcel Energy news, EVP David L. Eves sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $57.23, for a total transaction of $572,300.00. Following the sale, the executive vice president now directly owns 58,681 shares of the company’s stock, valued at approximately $3,358,313.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Benjamin G. S. Fowke III sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $59.81, for a total transaction of $2,990,500.00. Following the sale, the chief executive officer now directly owns 608,862 shares in the company, valued at $36,416,036.22. The disclosure for this sale can be found here. Insiders have sold a total of 69,400 shares of company stock worth $4,112,790 over the last ninety days. 0.22% of the stock is currently owned by insiders.

Shares of Xcel Energy stock traded up $0.07 during midday trading on Tuesday, hitting $61.05. 117,114 shares of the company traded hands, compared to its average volume of 3,187,173. The business has a fifty day simple moving average of $60.43. Xcel Energy Inc has a 12 month low of $45.87 and a 12 month high of $62.03.

The business also recently declared a quarterly dividend, which was paid on Saturday, July 20th. Investors of record on Friday, June 14th were issued a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a dividend yield of 2.65%. The ex-dividend date was Thursday, June 13th.

Several brokerages have recently commented on XEL. Barclays restated a “top pick” rating and issued a GBX 3,250 ($42.47) target price on shares of in a research report on Wednesday, June 19th. Argus lifted their price target on shares of Xcel Energy to $64.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. Wolfe Research set a $205.00 price target on shares of Raytheon and gave the company a “buy” rating in a report on Friday, April 26th. Morgan Stanley set a $18.00 price target on shares of PG&E and gave the company a “hold” rating in a report on Friday, June 14th. Finally, KeyCorp started coverage on shares of Southern in a report on Tuesday, June 4th. They set a “sector weight” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $59.71.

Xcel Energy Profile

Xcel Energy Inc is a public utility holding company. The Company’s operations include the activity of four utility subsidiaries that serve electric and natural gas customers in eight states. The Company’s segments include regulated electric utility, regulated natural gas utility and all other. The Company’s utility subsidiaries include NSP-Minnesota, NSP-Wisconsin, Public Service Company of Colorado (PSCo) and Southwestern Public Service Co (SPS), which serve customers in portions of Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin.

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Institutional Ownership by Quarter for Xcel Energy (NYSE:XEL)

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