Ajo LP Acquires Shares of 19,753 Xcel Energy Inc. (XEL)
Ajo LP acquired a new position in Xcel Energy Inc. (NYSE:XEL) during the second quarter, Holdings Channel reports. The firm acquired 19,753 shares of the company’s stock, valued at approximately $885,000.
A number of other large investors have also made changes to their positions in the company. Advisory Services Network LLC raised its stake 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 during the last quarter. Sharkey Howes & Javer raised 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 in the last quarter. City Holding Co. raised 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 in the last quarter. NEXT Financial Group Inc raised 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 in the last quarter. Finally, Hollencrest Securities LLC raised 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 in the last quarter. Hedge funds and other institutional investors own 70.91% of the company’s stock.
Shares of Xcel Energy Inc. (NYSE:XEL) traded up 0.421% on Wednesday, reaching $41.695. The company’s stock had a trading volume of 799,487 shares. Xcel Energy Inc. has a 1-year low of $33.78 and a 1-year high of $45.42. The company’s 50 day moving average is $42.04 and its 200-day moving average is $41.91. The firm has a market cap of $21.18 billion, a price-to-earnings ratio of 19.770 and a beta of 0.11.
Xcel Energy (NYSE:XEL) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by $0.01. Xcel Energy had a return on equity of 10.10% and a net margin of 9.92%. The business earned $2.50 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter last year, the company earned $0.39 earnings per share. The firm’s revenue was down .6% compared to the same quarter last year. Equities research analysts expect that Xcel Energy Inc. will post $2.20 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 20th. Shareholders of record on Thursday, September 15th will be issued a $0.34 dividend. The ex-dividend date is Tuesday, September 13th. This represents a $1.36 annualized dividend and a dividend yield of 3.28%. Xcel Energy’s dividend payout ratio (DPR) is currently 64.46%.
Several equities research analysts have recently issued reports on XEL shares. JPMorgan Chase & Co. set a $49.00 price target on Xcel Energy and gave the company a “buy” rating in a report on Thursday, September 8th. Jefferies Group lifted their price target on Xcel Energy from $42.00 to $45.00 and gave the company a “hold” rating in a report on Thursday, August 4th. Zacks Investment Research upgraded Xcel Energy from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a report on Tuesday, July 12th. Argus reiterated a “buy” rating and set a $48.00 price target (up from $46.00) on shares of Xcel Energy in a report on Wednesday, June 15th. Finally, SunTrust Banks Inc. reduced their price target on Xcel Energy from $41.00 to $40.00 and set a “neutral” rating for the company in a report on Monday, September 12th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of C$43.75.
In other news, EVP Marvin E. Jr. Mcdaniel sold 11,900 shares of the company’s stock in a transaction dated 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 completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.20% of the stock is owned by company insiders.
About Xcel Energy
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.
Want to see what other hedge funds are holding XEL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xcel Energy Inc. (NYSE:XEL).
Receive News & Ratings for Xcel Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xcel Energy Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.