C M Bidwell & Associates Ltd. purchased a new position in shares of Xcel Energy Inc. (NYSE:XEL) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 67,140 shares of the utilities provider’s stock, valued at approximately $3,080,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. grew its holdings in Xcel Energy by 2,692.8% during the 1st quarter. BlackRock Inc. now owns 41,639,955 shares of the utilities provider’s stock worth $1,850,897,000 after acquiring an additional 40,148,954 shares in the last quarter. Vanguard Group Inc. grew its holdings in Xcel Energy by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 36,034,296 shares of the utilities provider’s stock worth $1,653,253,000 after acquiring an additional 871,299 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Xcel Energy by 12.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 28,507,015 shares of the utilities provider’s stock worth $1,307,902,000 after acquiring an additional 3,187,095 shares in the last quarter. FMR LLC grew its holdings in Xcel Energy by 10.2% during the 1st quarter. FMR LLC now owns 17,771,752 shares of the utilities provider’s stock worth $789,955,000 after acquiring an additional 1,644,276 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in Xcel Energy by 0.6% during the 2nd quarter. Franklin Resources Inc. now owns 13,899,928 shares of the utilities provider’s stock worth $637,728,000 after acquiring an additional 85,566 shares in the last quarter. Institutional investors own 72.45% of the company’s stock.
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Xcel Energy Inc. (XEL) traded down 0.40% during mid-day trading on Friday, reaching $47.39. 2,997,148 shares of the company traded hands. Xcel Energy Inc. has a 52-week low of $38.00 and a 52-week high of $50.56. The firm’s 50-day moving average is $48.70 and its 200 day moving average is $46.87. The stock has a market capitalization of $24.06 billion, a PE ratio of 20.92 and a beta of 0.19.
Xcel Energy (NYSE:XEL) last released its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.02. The firm had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.63 billion. Xcel Energy had a net margin of 10.08% and a return on equity of 10.42%. The firm’s revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.39 earnings per share. On average, equities research analysts expect that Xcel Energy Inc. will post $2.20 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, September 15th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date is Thursday, September 14th. Xcel Energy’s dividend payout ratio is presently 63.44%.
In other Xcel Energy news, EVP Kent T. Larson sold 10,000 shares of Xcel Energy stock in a transaction on Friday, July 28th. The shares were sold at an average price of $47.25, for a total value of $472,500.00. Following the completion of the transaction, the executive vice president now owns 80,221 shares of the company’s stock, valued at $3,790,442.25. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Daniel Yohannes acquired 1,000 shares of the firm’s stock in a transaction on Tuesday, September 5th. The stock was acquired at an average cost of $49.53 per share, with a total value of $49,530.00. Following the acquisition, the director now owns 1,000 shares of the company’s stock, valued at $49,530. The disclosure for this purchase can be found here. Insiders own 0.22% of the company’s stock.
Several research analysts have commented on the stock. Mizuho reiterated a “hold” rating and set a $46.00 price target on shares of Xcel Energy in a report on Friday, September 29th. Jefferies Group LLC restated a “hold” rating and issued a $50.00 target price on shares of Xcel Energy in a report on Friday. BMO Capital Markets upped their target price on shares of Xcel Energy from $46.00 to $47.00 and gave the company a “market perform” rating in a report on Friday, July 28th. Zacks Investment Research cut shares of Xcel Energy from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. Finally, Morgan Stanley upped their target price on shares of Xcel Energy from $46.00 to $48.00 and gave the company an “equal weight” rating in a report on Friday, September 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Xcel Energy presently has a consensus rating of “Hold” and a consensus target price of $47.75.
Xcel Energy Profile
Xcel Energy Inc is a public utility holding company. The Company’s operations include the activity of four utility subsidiaries that serve electric and natural gas customers in eight states. The Company’s segments include regulated electric utility, regulated natural gas utility and all other. The Company’s utility subsidiaries include NSP-Minnesota, NSP-Wisconsin, Public Service Company of Colorado (PSCo) and Southwestern Public Service Co (SPS), which serve customers in portions of Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin.
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