Crawford Investment Counsel Inc. Boosts Stake in Xcel Energy Inc. (XEL)
Crawford Investment Counsel Inc. boosted its stake in Xcel Energy Inc. (NYSE:XEL) by 6.3% during the third quarter, Holdings Channel reports. The firm owned 8,468 shares of the company’s stock after buying an additional 500 shares during the period. Crawford Investment Counsel Inc.’s holdings in Xcel Energy were worth $348,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Schroder Investment Management Group raised its stake in Xcel Energy by 211.5% in the third quarter. Schroder Investment Management Group now owns 200,262 shares of the company’s stock valued at $8,239,000 after buying an additional 135,963 shares during the period. Shell Asset Management Co. raised its stake in Xcel Energy by 10.7% in the second quarter. Shell Asset Management Co. now owns 288,068 shares of the company’s stock valued at $12,900,000 after buying an additional 27,811 shares during the period. Retirement Systems of Alabama raised its stake in Xcel Energy by 0.8% in the second quarter. Retirement Systems of Alabama now owns 258,960 shares of the company’s stock valued at $11,596,000 after buying an additional 2,001 shares during the period. National Pension Service raised its stake in Xcel Energy by 7.2% in the second quarter. National Pension Service now owns 344,825 shares of the company’s stock valued at $15,441,000 after buying an additional 23,266 shares during the period. Finally, Macquarie Group Ltd. raised its stake in Xcel Energy by 3.0% in the second quarter. Macquarie Group Ltd. now owns 182,773 shares of the company’s stock valued at $8,184,000 after buying an additional 5,298 shares during the period. 69.49% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Xcel Energy Inc. (NYSE:XEL) traded down 0.49% during trading on Friday, hitting $40.65. 2,067,953 shares of the stock traded hands. The stock has a 50 day moving average price of $40.22 and a 200-day moving average price of $41.40. Xcel Energy Inc. has a 1-year low of $35.91 and a 1-year high of $45.42. The stock has a market cap of $20.65 billion, a price-to-earnings ratio of 18.73 and a beta of 0.06.
Xcel Energy (NYSE:XEL) last posted its quarterly earnings results on Thursday, October 27th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.03. Xcel Energy had a net margin of 10.08% and a return on equity of 10.29%. The business earned $3.04 billion during the quarter, compared to the consensus estimate of $3.33 billion. During the same quarter last year, the firm posted $0.84 EPS. Xcel Energy’s revenue was up 4.8% compared to the same quarter last year. Equities analysts forecast 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 Friday, January 20th. Investors of record on Tuesday, December 27th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 3.35%. The ex-dividend date is Thursday, December 22nd. Xcel Energy’s payout ratio is currently 62.67%.
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XEL has been the topic of several analyst reports. Zacks Investment Research lowered shares of Xcel Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, November 29th. SunTrust Banks, Inc. upped their price target on shares of Xcel Energy from $41.00 to $42.00 and gave the stock a “neutral” rating in a research report on Monday, September 26th. Argus reaffirmed a “buy” rating and set a $48.00 price target on shares of Xcel Energy in a research report on Monday, September 26th. Finally, Barclays PLC lowered shares of Xcel Energy from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $44.00 to $42.00 in a research report on Friday, December 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $43.86.
In related news, insider David L. Eves sold 10,000 shares of Xcel Energy stock in a transaction on Thursday, November 3rd. The shares were sold at an average price of $40.57, for a total value of $405,700.00. Following the completion of the sale, the insider now owns 50,362 shares of the company’s stock, valued at approximately $2,043,186.34. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.20% of the stock is currently owned by corporate insiders.
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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