Advisors Asset Management Inc. Has $1,022,000 Position in Xcel Energy Inc. (XEL)
Advisors Asset Management Inc. cut its position in shares of Xcel Energy Inc. (NYSE:XEL) by 3.9% during the second quarter, Holdings Channel reports. The institutional investor owned 22,814 shares of the company’s stock after selling 933 shares during the period. Advisors Asset Management Inc.’s holdings in Xcel Energy were worth $1,022,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of XEL. Advisory Services Network LLC increased its position in shares of Xcel Energy by 0.3% in the second quarter. Advisory Services Network LLC now owns 6,031 shares of the company’s stock worth $270,000 after buying an additional 16 shares in the last quarter. Sharkey Howes & Javer boosted its stake in shares of Xcel Energy by 0.5% in the second quarter. Sharkey Howes & Javer now owns 2,946 shares of the company’s stock valued at $132,000 after buying an additional 16 shares during the last quarter. City Holding Co. boosted its stake in shares of Xcel Energy by 1.5% in the second quarter. City Holding Co. now owns 2,776 shares of the company’s stock valued at $124,000 after buying an additional 41 shares during the last quarter. NEXT Financial Group Inc boosted its stake in shares of Xcel Energy by 0.8% in the second quarter. NEXT Financial Group Inc now owns 6,290 shares of the company’s stock valued at $281,000 after buying an additional 50 shares during the last quarter. Finally, Hollencrest Securities LLC boosted its stake in shares of Xcel Energy by 0.9% in the second quarter. Hollencrest Securities LLC now owns 6,527 shares of the company’s stock valued at $292,000 after buying an additional 57 shares during the last quarter. 70.91% of the stock is owned by hedge funds and other institutional investors.
Xcel Energy Inc. (NYSE:XEL) traded up 1.891% during mid-day trading on Wednesday, reaching $42.305. The company had a trading volume of 2,400,714 shares. Xcel Energy Inc. has a 52-week low of $33.78 and a 52-week high of $45.42. The stock has a market capitalization of $21.49 billion, a price-to-earnings ratio of 20.059 and a beta of 0.11. The company’s 50 day moving average is $42.04 and its 200 day moving average is $41.91.
Xcel Energy (NYSE:XEL) last released its earnings results on Wednesday, August 3rd. The company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by $0.01. Xcel Energy had a return on equity of 10.10% and a net margin of 9.92%. The firm had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same period last year, the business earned $0.39 earnings per share. The firm’s quarterly revenue was down .6% compared to the same quarter last year. Equities analysts predict 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 issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date of this dividend is Tuesday, September 13th. Xcel Energy’s payout ratio is 64.46%.
Several analysts have issued reports on XEL shares. Zacks Investment Research cut Xcel Energy from a “buy” rating to a “sell” rating in a research note on Friday, July 15th. SunTrust Banks Inc. cut their price objective on Xcel Energy from $42.00 to $41.00 and set a “neutral” rating on the stock in a research note on Monday, August 29th. JPMorgan Chase & Co. set a $49.00 price objective on Xcel Energy and gave the company a “buy” rating in a research note on Thursday, September 8th. Finally, Argus restated a “buy” rating and set a $48.00 price objective (up previously from $46.00) on shares of Xcel Energy in a research note on Wednesday, June 15th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. Xcel Energy has a consensus rating of “Hold” and an average price target of C$43.75.
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 stock was sold at an average price of C$41.66, for a total transaction of C$495,754.00. Following the sale, the executive vice president now directly owns 79,404 shares of the company’s stock, valued at C$3,307,970.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.20% of the company’s stock.
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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