Dimensional Fund Advisors LP increased its position in shares of Xcel Energy Inc. (NYSE:XEL) by 0.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 989,259 shares of the company’s stock after buying an additional 5,333 shares during the period. Dimensional Fund Advisors LP owned about 0.19% of Xcel Energy worth $44,290,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its position in shares of Xcel Energy by 11.0% in the second quarter. JPMorgan Chase & Co. now owns 29,652,226 shares of the company’s stock worth $1,327,827,000 after buying an additional 2,933,264 shares during the last quarter. Emerald Acquisition Ltd. acquired a new stake in Xcel Energy during the second quarter worth about $84,273,000. State Street Corp increased its stake in Xcel Energy by 7.4% in the first quarter. State Street Corp now owns 25,730,566 shares of the company’s stock worth $1,076,045,000 after buying an additional 1,768,675 shares during the period. American Century Companies Inc. increased its stake in Xcel Energy by 26.4% in the second quarter. American Century Companies Inc. now owns 5,301,643 shares of the company’s stock worth $237,408,000 after buying an additional 1,107,477 shares during the period. Finally, Bank of Montreal Can acquired a new stake in Xcel Energy during the second quarter worth about $28,590,000. 70.91% of the stock is currently owned by hedge funds and other institutional investors.
Xcel Energy Inc. (NYSE:XEL) opened at 40.34 on Friday. The firm has a market capitalization of $20.49 billion, a P/E ratio of 19.13 and a beta of 0.13. The firm has a 50 day moving average of $41.26 and a 200 day moving average of $41.91. Xcel Energy Inc. has a 12-month low of $34.33 and a 12-month high of $45.42.
Xcel Energy (NYSE:XEL) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by $0.01. The business had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.52 billion. Xcel Energy had a return on equity of 10.10% and a net margin of 9.92%. Xcel Energy’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.39 earnings per share. On average, analysts forecast that Xcel Energy Inc. will post $2.20 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 20th. Investors of record on Thursday, September 15th will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date is Tuesday, September 13th. Xcel Energy’s dividend payout ratio is currently 64.46%.
XEL has been the topic of a number of recent research reports. Zacks Investment Research downgraded shares of Xcel Energy from a “buy” rating to a “sell” rating in a report on Friday, July 15th. Argus reiterated a “buy” rating and issued a $48.00 price objective on shares of Xcel Energy in a report on Monday, September 26th. SunTrust Banks Inc. lowered their price objective on shares of Xcel Energy from $42.00 to $41.00 and set a “neutral” rating on the stock in a report on Monday, August 29th. Finally, JPMorgan Chase & Co. set a $49.00 target price on shares of Xcel Energy and gave the stock a “buy” rating in a report on Thursday, September 8th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of C$43.25.
In related news, EVP Marvin E. Jr. Mcdaniel sold 11,900 shares of the stock in a transaction on Friday, August 26th. The stock was sold at an average price of C$41.66, for a total value of C$495,754.00. Following the transaction, the executive vice president now directly owns 79,404 shares in the company, valued at approximately C$3,307,970.64. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.20% of the stock is owned by corporate insiders.
About Xcel Energy
Xcel Energy Inc is a public utility holding company. The Company’s operations include activity of four utility subsidiaries that serve electric and natural gas customers. Its segments are regulated electric utility, regulated natural gas utility and all other. The regulated electric utility segment generates, transmits and distributes electricity in Minnesota, Wisconsin, Michigan, North Dakota, South Dakota, Colorado, Texas and New Mexico.
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