Northwestern Mutual Investment Management Company LLC grew its stake in shares of Xcel Energy Inc (NYSE:XEL) by 34.2% in the 1st quarter, HoldingsChannel.com reports. The fund owned 27,344 shares of the utilities provider’s stock after acquiring an additional 6,974 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Xcel Energy were worth $1,649,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the company. AGF Investments Inc. bought a new stake in shares of Xcel Energy during the first quarter valued at approximately $2,149,000. Alberta Investment Management Corp purchased a new stake in shares of Xcel Energy during the first quarter valued at $8,400,000. Swiss National Bank grew its holdings in shares of Xcel Energy by 20.3% during the first quarter. Swiss National Bank now owns 3,398,815 shares of the utilities provider’s stock valued at $204,949,000 after buying an additional 574,300 shares during the last quarter. Aigen Investment Management LP purchased a new stake in shares of Xcel Energy during the first quarter valued at $2,687,000. Finally, Kayne Anderson Capital Advisors LP grew its holdings in shares of Xcel Energy by 256.9% during the first quarter. Kayne Anderson Capital Advisors LP now owns 54,600 shares of the utilities provider’s stock valued at $3,291,000 after buying an additional 39,300 shares during the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.
XEL has been the topic of a number of research analyst reports. JPMorgan Chase & Co. dropped their price objective on shares of Xcel Energy from $69.00 to $64.00 and set an “overweight” rating on the stock in a report on Friday, March 27th. Morgan Stanley lowered shares of Xcel Energy from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $61.00 to $55.00 in a report on Wednesday, May 13th. Barclays dropped their price objective on shares of Xcel Energy from $70.00 to $54.00 and set an “equal weight” rating on the stock in a report on Thursday, March 26th. Cfra boosted their price objective on shares of Xcel Energy from $62.00 to $64.00 and gave the company a “sell” rating in a report on Thursday, January 30th. Finally, UBS Group decreased their target price on shares of Xcel Energy from $75.00 to $65.00 and set a “neutral” rating for the company in a research report on Monday, March 16th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $63.53.
Shares of Xcel Energy stock opened at $60.37 on Friday. The firm has a 50-day simple moving average of $62.29 and a two-hundred day simple moving average of $63.50. Xcel Energy Inc has a fifty-two week low of $46.58 and a fifty-two week high of $72.14.
Xcel Energy (NYSE:XEL) last issued its quarterly earnings data on Thursday, May 7th. The utilities provider reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.03). The business had revenue of $2.81 billion for the quarter, compared to analyst estimates of $3.27 billion. The business’s revenue for the quarter was down 10.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.61 EPS.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Monday, June 15th will be given a $0.43 dividend. The ex-dividend date is Friday, June 12th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.85%.
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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