Norinchukin Bank The increased its position in shares of Xcel Energy Inc. (NYSE:XEL) by 7.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,794 shares of the utilities provider’s stock after acquiring an additional 2,557 shares during the quarter. Norinchukin Bank The’s holdings in Xcel Energy were worth $1,788,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in XEL. Boston Partners raised its holdings in shares of Xcel Energy by 27,248.9% during the third quarter. Boston Partners now owns 3,568,214 shares of the utilities provider’s stock valued at $168,848,000 after acquiring an additional 3,555,167 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Xcel Energy by 12.6% during the second quarter. JPMorgan Chase & Co. now owns 28,507,015 shares of the utilities provider’s stock valued at $1,307,902,000 after acquiring an additional 3,187,095 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Xcel Energy by 367.2% during the second quarter. Principal Financial Group Inc. now owns 3,741,935 shares of the utilities provider’s stock valued at $171,680,000 after acquiring an additional 2,940,959 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of Xcel Energy by 72.2% during the second quarter. Ameriprise Financial Inc. now owns 5,836,464 shares of the utilities provider’s stock valued at $267,813,000 after acquiring an additional 2,446,904 shares during the period. Finally, Janus Henderson Group PLC raised its holdings in shares of Xcel Energy by 3,077.7% during the second quarter. Janus Henderson Group PLC now owns 2,269,284 shares of the utilities provider’s stock valued at $104,115,000 after acquiring an additional 2,197,872 shares during the period. Institutional investors and hedge funds own 72.86% of the company’s stock.
Shares of Xcel Energy Inc. (XEL) traded up $0.19 on Friday, reaching $50.71. 956,018 shares of the company were exchanged, compared to its average volume of 3,030,000. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.87 and a quick ratio of 0.68. The stock has a market capitalization of $25,750.00, a P/E ratio of 21.67, a PEG ratio of 4.02 and a beta of 0.21. Xcel Energy Inc. has a 52-week low of $38.22 and a 52-week high of $52.22.
Xcel Energy (NYSE:XEL) last posted its earnings results on Thursday, October 26th. The utilities provider reported $0.97 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.05. The company had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $3.27 billion. Xcel Energy had a net margin of 10.40% and a return on equity of 10.63%. The company’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.90 earnings per share. equities analysts predict that Xcel Energy Inc. will post 2.31 earnings per share for the current year.
A number of research firms have recently issued reports on XEL. SunTrust Banks, Inc. restated a “hold” rating and set a $47.00 price target on shares of Xcel Energy in a report on Tuesday, October 24th. Morgan Stanley boosted their price objective on shares of Xcel Energy from $46.00 to $48.00 and gave the company an “equal weight” rating in a research report on Friday, September 8th. J P Morgan Chase & Co boosted their price objective on shares of Xcel Energy from $51.00 to $53.00 and gave the company an “overweight” rating in a research report on Thursday, October 12th. BidaskClub raised shares of Xcel Energy from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 23rd. Finally, Zacks Investment Research downgraded shares of Xcel Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. Nine investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $48.91.
In other Xcel Energy news, insider Mark E. Stoering sold 20,187 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $49.66, for a total value of $1,002,486.42. Following the completion of the sale, the insider now directly owns 48,424 shares of the company’s stock, valued at $2,404,735.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Timothy V. Wolf sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $49.48, for a total transaction of $148,440.00. Following the completion of the sale, the director now directly owns 3,700 shares of the company’s stock, valued at $183,076. The disclosure for this sale can be found here. Insiders own 0.22% of the company’s stock.
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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