Whittier Trust Co. of Nevada Inc. increased its position in shares of Xcel Energy Inc. (NYSE:XEL) by 12.1% during the second quarter, Holdings Channel reports. The firm owned 5,354 shares of the company’s stock after buying an additional 580 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Xcel Energy were worth $240,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in XEL. Shell Asset Management Co. boosted its stake in shares of Xcel Energy by 10.7% in the second quarter. Shell Asset Management Co. now owns 288,068 shares of the company’s stock worth $12,900,000 after buying an additional 27,811 shares during the period. Barclays PLC boosted its stake in shares of Xcel Energy by 18.9% in the first quarter. Barclays PLC now owns 823,394 shares of the company’s stock worth $33,758,000 after buying an additional 130,633 shares during the period. Retirement Systems of Alabama boosted its stake in shares of Xcel Energy by 0.8% in the second quarter. Retirement Systems of Alabama now owns 258,960 shares of the company’s stock worth $11,596,000 after buying an additional 2,001 shares during the period. Meeder Asset Management Inc. boosted its stake in shares of Xcel Energy by 1,002.3% in the second quarter. Meeder Asset Management Inc. now owns 16,755 shares of the company’s stock worth $750,000 after buying an additional 15,235 shares during the period. Finally, 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 worth $1,076,045,000 after buying an additional 1,768,675 shares during the period. Hedge funds and other institutional investors own 70.91% of the company’s stock.
Shares of Xcel Energy Inc. (NYSE:XEL) traded down 1.03% on Tuesday, hitting $39.48. The company had a trading volume of 2,675,982 shares. Xcel Energy Inc. has a 12-month low of $34.33 and a 12-month high of $45.42. The company has a 50 day moving average of $41.48 and a 200-day moving average of $41.96. The company has a market cap of $20.05 billion, a price-to-earnings ratio of 18.72 and a beta of 0.13.
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 the Thomson Reuters’ consensus estimate of $0.40 by $0.01. The business earned $2.50 billion during the quarter, compared to analyst estimates of $2.52 billion. Xcel Energy had a return on equity of 10.10% and a net margin of 9.92%. The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.39 EPS. On average, analysts forecast that Xcel Energy Inc. will post $2.20 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 20th. Shareholders of record on Thursday, September 15th will be given a $0.34 dividend. The ex-dividend date is Tuesday, September 13th. This represents a $1.36 annualized dividend and a yield of 3.41%. Xcel Energy’s dividend payout ratio (DPR) is 64.46%.
XEL has been the topic of a number of analyst reports. JPMorgan Chase & Co. set a $49.00 target price on Xcel Energy and gave the company a “buy” rating in a report on Thursday, September 8th. Zacks Investment Research lowered Xcel Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, September 21st. SunTrust Banks Inc. increased their price target on Xcel Energy from $41.00 to $42.00 and gave the stock a “neutral” rating in a research note on Monday, September 26th. Argus reissued a “buy” rating and set a $48.00 price target on shares of Xcel Energy in a research note on Monday, September 26th. Finally, Jefferies Group increased their price target on Xcel Energy from $42.00 to $45.00 and gave the stock a “hold” rating in a research note on Thursday, August 4th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of C$44.00.
In other Xcel Energy news, EVP Marvin E. Jr. Mcdaniel sold 11,900 shares of Xcel Energy stock in a transaction that occurred 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 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 document filed with the SEC, which is available at this link. 0.20% of the stock is currently owned by company 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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