Integrated Wealth Concepts LLC Sells 20,005 Shares of Xcel Energy Inc. $XEL
MarketBeat
Integrated Wealth Concepts LLC significantly reduced its stake in Xcel Energy Inc. (NASDAQ:XEL) by 45.7% in the second quarter, selling 20,005 shares and retaining 23,795 shares valued at $1.91 million. Despite the reduction by this firm, institutional investors collectively own 78.38% of the company. Xcel Energy exceeded EPS estimates for the quarter, reporting $0.93 against a $0.79 consensus, and analysts maintain a consensus "Buy" rating with an average price target of $92.41.
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