Strs Ohio decreased its stake in Xcel Energy Inc. (NYSE:XEL) by 0.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,051 shares of the company’s stock after selling 49 shares during the period. Strs Ohio’s holdings in Xcel Energy were worth $2,286,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Meiji Yasuda Asset Management Co Ltd. raised its position in Xcel Energy by 12.2% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 24,883 shares of the company’s stock valued at $1,041,000 after buying an additional 2,700 shares in the last quarter. Associated Banc Corp raised its position in Xcel Energy by 4.5% in the first quarter. Associated Banc Corp now owns 238,693 shares of the company’s stock valued at $9,982,000 after buying an additional 10,203 shares in the last quarter. Aviva PLC raised its position in Xcel Energy by 1.1% in the first quarter. Aviva PLC now owns 548,071 shares of the company’s stock valued at $22,920,000 after buying an additional 5,877 shares in the last quarter. Huntington Asset Advisors Inc. bought a new position in Xcel Energy during the first quarter valued at about $1,495,000. Finally, M&T Bank Corp raised its position in Xcel Energy by 12.9% in the first quarter. M&T Bank Corp now owns 69,645 shares of the company’s stock valued at $2,913,000 after buying an additional 7,944 shares in the last quarter. Hedge funds and other institutional investors own 70.91% of the company’s stock.
Xcel Energy Inc. (NYSE:XEL) traded down 0.03% during trading on Friday, reaching $39.61. The company had a trading volume of 4,627,973 shares. The firm has a market capitalization of $20.12 billion, a PE ratio of 18.78 and a beta of 0.13. Xcel Energy Inc. has a 12-month low of $34.33 and a 12-month high of $45.42. The firm’s 50 day moving average price is $41.55 and its 200 day moving average price is $41.95.
Xcel Energy (NYSE:XEL) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.39 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by $0.01. The firm earned $2.50 billion during the quarter, compared to the consensus estimate of $2.52 billion. Xcel Energy had a net margin of 9.92% and a return on equity of 10.10%. The business’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.39 earnings per share. Analysts anticipate that Xcel Energy Inc. will post $2.20 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 20th. Stockholders of record on Thursday, September 15th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.43%. Xcel Energy’s payout ratio is 64.46%.
Several research firms have issued reports on XEL. Zacks Investment Research upgraded Xcel Energy from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research note on Tuesday, July 12th. Jefferies Group increased their price objective on Xcel Energy from $42.00 to $45.00 and gave the stock a “hold” rating in a research note on Thursday, August 4th. Argus restated a “buy” rating and issued a $48.00 target price on shares of Xcel Energy in a research note on Monday, September 26th. SunTrust Banks Inc. raised their target price on Xcel Energy from $41.00 to $42.00 and gave the company a “neutral” rating in a research note on Monday, September 26th. Finally, JPMorgan Chase & Co. set a $49.00 target price on Xcel Energy and gave the company a “buy” rating in a research note on Thursday, September 8th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of C$44.00.
In other news, EVP Marvin E. Jr. Mcdaniel sold 11,900 shares of the company’s stock in a transaction on Friday, August 26th. The stock was sold at an average price of C$41.66, for a total transaction of C$495,754.00. Following the completion of the sale, the executive vice president now directly owns 79,404 shares in the company, valued at approximately C$3,307,970.64. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.20% of the company’s stock.
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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