This article first appeared on GuruFocus.
ETF flows for Xcel Energy turned negative after two straight days of net buying, with $12.6 million in net selling in Tuesday’s session. More funds traded the other way, with 29 ETFs buying versus 11 selling, but the sellers moved larger amounts. The move followed net buying of $35.4 million on Nov. 9 and $19.7 million on Nov. 6, after net selling of $17.6 million on Nov. 5. The same-direction streak stands at 1 day.
Every ETF and guru trade in XEL is tracked on the XEL guru trades page.
Which ETFs sold XEL on Tuesday?
The largest sellers by dollar value were XLU ($24.6 million), IVV ($0.3 million) and IDU ($0.2 million). In all, 29 ETFs added shares and 11 cut them.
XLU accounted for the bulk of the selling, shedding 306,768 shares worth $24.6 million, a 2.77% cut to its stake and 3.65% of its portfolio. IVV trimmed 3,267 shares for $0.3 million, IDU cut 2,154 shares for $0.2 million, and USMV reduced 1,246 shares for $0.1 million. Xcel Energy is a Utilities company in the Utilities – Regulated Electric industry with a market cap of $52.1 billion.
Have ETFs been buying or selling XEL lately?
Over the last 5 reported days, ETFs were net buyers on 3 and net sellers on 2, so the recent trend is mostly buying.
What does XEL do?
Xcel Energy Inc. is a U.S. regulated electric and natural gas utility holding company. Its operating utilities include Northern States Power, serving customers in Minnesota, North Dakota, South Dakota, Wisconsin, and Michigan; Public Service Company of Colorado; and Southwestern Public Service Company, serving Texas and New Mexico.
Xcel Energy reported $14.86 billion in trailing-12-month revenue, down 1.8% over one year, with a gross margin of 26.7% and a net margin of 18.0%. It trades at a P/E of 18.9, P/B of 2.02 and P/S of 3.39, with a market cap of $52.1 billion. The GF Score is 72, and GF Value of $70.64 compares with a price of $81.10. The dividend yield is 2.94% and the year-to-date return is 12.34%.
XEL at a glance
Source: finance.yahoo.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.
