American Century Companies Inc. Has $236.08 Million Position in Xcel Energy Inc. (XEL)
American Century Companies Inc. lifted its position in shares of Xcel Energy Inc. (NYSE:XEL) by 0.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,988,921 shares of the utilities provider’s stock after acquiring an additional 20,811 shares during the period. American Century Companies Inc. owned approximately 0.98% of Xcel Energy worth $236,076,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently made changes to their positions in XEL. Parallel Advisors LLC increased its position in shares of Xcel Energy by 1.6% during the second quarter. Parallel Advisors LLC now owns 2,227 shares of the utilities provider’s stock valued at $105,000 after acquiring an additional 36 shares in the last quarter. Carroll Financial Associates Inc. increased its position in shares of Xcel Energy by 14.5% during the second quarter. Carroll Financial Associates Inc. now owns 2,365 shares of the utilities provider’s stock valued at $108,000 after acquiring an additional 300 shares in the last quarter. Sandy Spring Bank increased its position in shares of Xcel Energy by 24.8% during the second quarter. Sandy Spring Bank now owns 2,401 shares of the utilities provider’s stock valued at $110,000 after acquiring an additional 477 shares in the last quarter. Dupont Capital Management Corp bought a new stake in shares of Xcel Energy during the second quarter valued at approximately $135,000. Finally, Sharkey Howes & Javer increased its position in shares of Xcel Energy by 0.5% during the second quarter. Sharkey Howes & Javer now owns 3,010 shares of the utilities provider’s stock valued at $138,000 after acquiring an additional 16 shares in the last quarter. 72.49% of the stock is owned by institutional investors.
In related news, Director Daniel Yohannes purchased 1,000 shares of the stock in a transaction on Tuesday, September 5th. The shares were purchased at an average cost of $49.53 per share, for a total transaction of $49,530.00. Following the completion of the transaction, the director now directly owns 1,000 shares of the company’s stock, valued at approximately $49,530. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Timothy V. Wolf sold 3,000 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $49.48, for a total value of $148,440.00. Following the completion of the sale, the director now owns 3,700 shares in the company, valued at $183,076. The disclosure for this sale can be found here. Corporate insiders own 0.22% of the company’s stock.
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Shares of Xcel Energy Inc. (NYSE:XEL) traded up $0.45 during trading on Tuesday, hitting $49.85. 673,767 shares of the stock traded hands, compared to its average volume of 2,920,000. The stock has a market cap of $25,310.00, a PE ratio of 21.19, a PEG ratio of 3.93 and a beta of 0.21. The company has a quick ratio of 0.68, a current ratio of 0.87 and a debt-to-equity ratio of 1.27. Xcel Energy Inc. has a 1-year low of $38.00 and a 1-year high of $50.56.
Xcel Energy (NYSE:XEL) last released its quarterly earnings data on Thursday, October 26th. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.05. The business had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $3.27 billion. Xcel Energy had a return on equity of 10.63% and a net margin of 10.40%. Xcel Energy’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the previous year, the business posted $0.90 earnings per share. equities research analysts expect that Xcel Energy Inc. will post 2.31 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, October 20th. Shareholders of record on Friday, September 15th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date was Thursday, September 14th. Xcel Energy’s dividend payout ratio (DPR) is 61.80%.
XEL has been the subject of a number of research analyst reports. Mizuho reaffirmed a “hold” rating and issued a $46.00 target price on shares of Xcel Energy in a research report on Friday, September 29th. BMO Capital Markets lifted their target price on shares of Xcel Energy from $46.00 to $47.00 and gave the stock a “market perform” rating in a research report on Friday, July 28th. Bank of America Corporation initiated coverage on shares of Xcel Energy in a research report on Tuesday, October 24th. They issued a “buy” rating and a $53.00 target price for the company. BidaskClub raised shares of Xcel Energy from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 23rd. Finally, Morgan Stanley lifted their target price on shares of Xcel Energy from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 10th. Nine analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Xcel Energy currently has a consensus rating of “Hold” and an average target price of $48.91.
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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