Lockheed Martin Investment Management Co. Reduces Stake in Xcel Energy Inc. (NASDAQ:XEL)

Lockheed Martin Investment Management Co. reduced its stake in Xcel Energy Inc. (NASDAQ:XELGet Rating) by 27.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,600 shares of the company’s stock after selling 13,800 shares during the quarter. Lockheed Martin Investment Management Co.’s holdings in Xcel Energy were worth $2,589,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Great Valley Advisor Group Inc. grew its holdings in Xcel Energy by 5.3% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 13,706 shares of the company’s stock valued at $970,000 after buying an additional 695 shares in the last quarter. Trust Co. of Vermont purchased a new stake in Xcel Energy in the 2nd quarter valued at $88,000. Prospera Financial Services Inc lifted its stake in shares of Xcel Energy by 20.0% in the 2nd quarter. Prospera Financial Services Inc now owns 11,309 shares of the company’s stock valued at $800,000 after purchasing an additional 1,888 shares during the last quarter. Calamos Advisors LLC lifted its stake in shares of Xcel Energy by 2.7% in the 2nd quarter. Calamos Advisors LLC now owns 230,219 shares of the company’s stock valued at $16,290,000 after purchasing an additional 6,094 shares during the last quarter. Finally, Kinneret Advisory LLC lifted its stake in shares of Xcel Energy by 2.2% in the 2nd quarter. Kinneret Advisory LLC now owns 30,974 shares of the company’s stock valued at $2,207,000 after purchasing an additional 656 shares during the last quarter. 77.52% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Frank P. Prager sold 1,138 shares of Xcel Energy stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $68.48, for a total value of $77,930.24. Following the completion of the sale, the senior vice president now owns 28,036 shares of the company’s stock, valued at $1,919,905.28. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.05% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

XEL has been the topic of several recent analyst reports. Wolfe Research raised Xcel Energy from a “peer perform” rating to an “outperform” rating and set a $69.00 price target on the stock in a research note on Thursday, October 20th. Credit Suisse Group lowered Xcel Energy from an “outperform” rating to a “neutral” rating and set a $68.00 price target on the stock. in a research note on Monday. StockNews.com initiated coverage on Xcel Energy in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. KeyCorp decreased their price target on Xcel Energy from $78.00 to $68.00 and set an “overweight” rating on the stock in a research note on Thursday, October 20th. Finally, BMO Capital Markets decreased their target price on Xcel Energy from $80.00 to $71.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 5th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Xcel Energy presently has an average rating of “Moderate Buy” and an average price target of $69.64.

Xcel Energy Price Performance

Shares of XEL traded up $0.35 during mid-day trading on Thursday, hitting $69.20. The company’s stock had a trading volume of 1,947,453 shares, compared to its average volume of 3,893,535. The company has a current ratio of 1.04, a quick ratio of 0.86 and a debt-to-equity ratio of 1.42. The firm has a 50-day simple moving average of $63.36 and a 200 day simple moving average of $69.14. The firm has a market capitalization of $37.87 billion, a P/E ratio of 22.61, a P/E/G ratio of 3.36 and a beta of 0.40. Xcel Energy Inc. has a 1-year low of $56.89 and a 1-year high of $77.66.

About Xcel Energy

(Get Rating)

Xcel Energy Inc, through its subsidiaries, generates, purchases, transmits, distributes, and sells electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through coal, nuclear, natural gas, hydroelectric, solar, biomass, oil, wood/refuse, and wind energy sources.

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

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