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What Institutional Investors Are Doing with Xcel’s Holdings

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Xcel Energy’s institutional holdings

Let’s see what institutional investors are doing with Xcel Energy’s (XEL) stock amid its overvaluation and recent correction.

As of August 14, 2016, institutional investors’ percentage of float held in Xcel marginally rose to 76% compared to June 30. Float refers to the number of shares available for trading.

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Are institutional investors positive about Xcel?

Xcel’s number of buyers rose by 5.7%, while its number of sellers rose by 3% in July and August 2016. New buyers rose by nearly 22%, and sell-offs fell by nearly 8%.

The number of institutional investors holding Xcel Energy in the last two months has risen by 4% to 1,006. At the end of June 2016, the number of institutional investors holding Xcel was 965. The percentage of float held by institutional investors in Xcel rose to 76% in August from 75.8% on June 30.

Vanguard, JP Morgan Chase, and State Street were a few of the top institutions holding Xcel Energy as of August 14, 2016. They own 7%, 6%, and 5%, respectively, of Xcel’s float.

At $21 billion, Xcel Energy is a geographically diversified fully regulated utility (XLU) (IDU), with operations in both the electric and gas domains. It currently yields 3.3%, and its dividends are expected to rise by 5%–7% in the next couple of years. Xcel’s growing earnings are expected to make it an attractive prospect for conservative investors with low-risk and moderate return propositions.

Let’s have a look at the broker price target for Xcel Energy for the next year.

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