RS Investment Management Co. LLC Boosts Position in Xcel Energy Inc. (XEL)

RS Investment Management Co. LLC increased its stake in shares of Xcel Energy Inc. (NYSE:XEL) by 0.0% during the second quarter, according to its most recent filing with the SEC. The fund owned 347,740 shares of the company’s stock after buying an additional 70 shares during the period. RS Investment Management Co. LLC’s holdings in Xcel Energy were worth $15,572,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. State Street Corp boosted its stake in shares of Xcel Energy by 7.4% in the first quarter. State Street Corp now owns 25,730,566 shares of the company’s stock valued at $1,076,045,000 after buying an additional 1,768,675 shares during the period. Teachers Advisors Inc. boosted its stake in shares of Xcel Energy by 45.0% in the first quarter. Teachers Advisors Inc. now owns 2,842,673 shares of the company’s stock valued at $118,881,000 after buying an additional 882,870 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Xcel Energy by 2.6% in the first quarter. JPMorgan Chase & Co. now owns 26,718,962 shares of the company’s stock valued at $1,117,388,000 after buying an additional 680,197 shares during the period. BlackRock Fund Advisors boosted its stake in shares of Xcel Energy by 4.6% in the first quarter. BlackRock Fund Advisors now owns 14,754,299 shares of the company’s stock valued at $617,025,000 after buying an additional 645,514 shares during the period. Finally, Bank of Montreal Can bought a new stake in shares of Xcel Energy during the second quarter valued at about $28,590,000. 70.91% of the stock is currently owned by institutional investors and hedge funds.

Xcel Energy Inc. (NYSE:XEL) traded up 0.40% during midday trading on Friday, hitting $43.07. The stock had a trading volume of 4,346,625 shares. Xcel Energy Inc. has a 12 month low of $34.33 and a 12 month high of $45.42. The stock has a market cap of $21.88 billion, a price-to-earnings ratio of 20.42 and a beta of 0.11. The stock has a 50 day moving average of $41.99 and a 200 day moving average of $41.94.

Xcel Energy (NYSE:XEL) last issued its earnings results on Wednesday, August 3rd. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by $0.01. Xcel Energy had a return on equity of 10.10% and a net margin of 9.92%. The firm had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the previous year, the firm posted $0.39 EPS. The business’s revenue for the quarter was down .6% on a year-over-year basis. Analysts expect that Xcel Energy Inc. will post $2.20 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 20th. Shareholders of record on Thursday, September 15th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $1.36 annualized dividend and a yield of 3.16%. Xcel Energy’s dividend payout ratio is presently 64.46%.

XEL has been the topic of several recent research reports. Zacks Investment Research cut Xcel Energy from a “buy” rating to a “sell” rating in a research report on Friday, July 15th. SunTrust Banks Inc. dropped their target price on Xcel Energy from $42.00 to $41.00 and set a “neutral” rating on the stock in a research report on Monday, August 29th. JPMorgan Chase & Co. set a $49.00 price objective on Xcel Energy and gave the company a “buy” rating in a report on Thursday, September 8th. Finally, Argus reiterated a “buy” rating and set a $48.00 price objective (up previously from $46.00) on shares of Xcel Energy in a report on Wednesday, June 15th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of C$43.75.

In other Xcel Energy news, EVP Marvin E. Jr. Mcdaniel sold 11,900 shares of the company’s stock in a transaction on Friday, August 26th. The shares were sold at an average price of C$41.66, for a total value of C$495,754.00. Following the completion of the transaction, the executive vice president now owns 79,404 shares in the company, valued at C$3,307,970.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.20% of the stock is currently owned by company insiders.

Xcel Energy Company Profile

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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