Dupont Capital Management Corp Buys New Position in Xcel Energy Inc. (XEL)
Dupont Capital Management Corp bought a new position in shares of Xcel Energy Inc. (NYSE:XEL) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 2,950 shares of the utilities provider’s stock, valued at approximately $135,000.
Other large investors also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale boosted its stake in shares of Xcel Energy by 13.2% in the first quarter. DekaBank Deutsche Girozentrale now owns 154,058 shares of the utilities provider’s stock worth $6,883,000 after buying an additional 17,905 shares during the period. Blackstart Capital LP acquired a new stake in Xcel Energy during the first quarter valued at about $12,649,000. Oppenheimer & Co. Inc. boosted its stake in Xcel Energy by 6.6% in the first quarter. Oppenheimer & Co. Inc. now owns 10,970 shares of the utilities provider’s stock valued at $487,000 after buying an additional 680 shares during the period. Greenleaf Trust acquired a new stake in Xcel Energy during the first quarter valued at about $221,000. Finally, BlackRock Inc. boosted its stake in Xcel Energy by 2,692.8% in the first quarter. BlackRock Inc. now owns 41,639,955 shares of the utilities provider’s stock valued at $1,850,897,000 after buying an additional 40,148,954 shares during the period. Hedge funds and other institutional investors own 73.03% of the company’s stock.
Shares of Xcel Energy Inc. (NYSE XEL) opened at 49.48 on Thursday. The company has a market capitalization of $25.12 billion, a PE ratio of 21.85 and a beta of 0.19. Xcel Energy Inc. has a one year low of $38.00 and a one year high of $49.61. The company has a 50-day moving average of $47.62 and a 200-day moving average of $45.69.
Xcel Energy (NYSE:XEL) last posted its quarterly earnings results on Thursday, July 27th. The utilities provider reported $0.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.02. The company had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.63 billion. Xcel Energy had a net margin of 10.08% and a return on equity of 10.42%. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.39 earnings per share. On average, analysts anticipate that Xcel Energy Inc. will post $2.20 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, September 15th will be given a $0.36 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.91%. Xcel Energy’s dividend payout ratio (DPR) is currently 63.44%.
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XEL has been the topic of a number of research analyst reports. Zacks Investment Research cut Xcel Energy from a “buy” rating to a “hold” rating in a report on Wednesday, June 28th. Jefferies Group LLC reissued a “hold” rating and issued a $48.00 price objective on shares of Xcel Energy in a research report on Friday, June 9th. BMO Capital Markets lifted their target price on Xcel Energy from $46.00 to $47.00 and gave the stock a “market perform” rating in a research report on Friday, July 28th. BidaskClub lowered Xcel Energy from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. Finally, Argus lifted their target price on Xcel Energy from $50.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, June 14th. Ten analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $46.67.
In other news, EVP Kent T. Larson sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $47.25, for a total value of $472,500.00. Following the completion of the transaction, the executive vice president now directly owns 80,221 shares in the company, valued at $3,790,442.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.22% of the stock is currently owned by company insiders.
About Xcel Energy
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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