Candriam Luxembourg S.C.A. raised its position in shares of Xcel Energy Inc. (NYSE:XEL) by 23.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,717 shares of the company’s stock after buying an additional 4,076 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Xcel Energy were worth $973,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. State Street Corp raised its position 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. Geode Capital Management LLC raised its position in shares of Xcel Energy by 1.3% in the first quarter. Geode Capital Management LLC now owns 4,295,630 shares of the company’s stock worth $179,295,000 after buying an additional 56,518 shares during the period. Credit Agricole S A raised its position in shares of Xcel Energy by 20.2% in the first quarter. Credit Agricole S A now owns 1,108,722 shares of the company’s stock worth $46,365,000 after buying an additional 186,342 shares during the period. Robeco Institutional Asset Management B.V. raised its position in shares of Xcel Energy by 16.3% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,078,432 shares of the company’s stock worth $48,294,000 after buying an additional 150,991 shares during the period. Finally, Barclays PLC raised its position 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. Institutional investors and hedge funds own 70.91% of the company’s stock.
Shares of Xcel Energy Inc. (NYSE:XEL) traded down 0.03% during mid-day trading on Friday, hitting $39.61. 4,627,973 shares of the stock traded hands. The stock has a market cap of $20.12 billion, a price-to-earnings ratio of 18.78 and a beta of 0.13. The firm’s 50-day moving average is $41.55 and its 200-day moving average is $41.95. Xcel Energy Inc. has a 52 week low of $34.33 and a 52 week high of $45.42.
Xcel Energy (NYSE:XEL) last issued its 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 analysts’ expectations of $2.52 billion. Xcel Energy had a return on equity of 10.10% and a net margin of 9.92%. The firm’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.39 EPS. On average, analysts forecast that Xcel Energy Inc. will post $2.20 earnings per share for the current 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 given 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 3.43%. Xcel Energy’s payout ratio is currently 64.46%.
A number of research analysts recently issued reports on XEL shares. JPMorgan Chase & Co. set a $49.00 price objective on shares of Xcel Energy and gave the company a “buy” rating in a report on Thursday, September 8th. Jefferies Group increased their target price on shares of Xcel Energy from $42.00 to $45.00 and gave the company a “hold” rating in a research report on Thursday, August 4th. SunTrust Banks Inc. increased their target price on shares of Xcel Energy from $41.00 to $42.00 and gave the company a “neutral” rating in a research report on Monday, September 26th. Zacks Investment Research raised shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research report on Tuesday, July 12th. Finally, Argus reissued a “buy” rating and set a $48.00 target price (up previously from $46.00) on shares of Xcel Energy in a research report on Wednesday, June 15th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Xcel Energy currently has an average rating of “Hold” and an average target price of C$44.00.
In other Xcel Energy news, EVP Marvin E. Jr. Mcdaniel sold 11,900 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 79,404 shares in the company, valued at C$3,307,970.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.20% of the stock is 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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