First Republic Investment Management Inc. Has $471,000 Position in Xcel Energy Inc. (XEL)
First Republic Investment Management Inc. lifted its holdings in Xcel Energy Inc. (NYSE:XEL) by 12.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,938 shares of the utilities provider’s stock after buying an additional 1,106 shares during the quarter. First Republic Investment Management Inc.’s holdings in Xcel Energy were worth $471,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of XEL. Segall Bryant & Hamill LLC boosted its position in Xcel Energy by 11.2% during the third quarter. Segall Bryant & Hamill LLC now owns 21,835 shares of the utilities provider’s stock worth $1,033,000 after purchasing an additional 2,200 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in Xcel Energy by 2.7% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 304,812 shares of the utilities provider’s stock worth $14,424,000 after purchasing an additional 8,000 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in Xcel Energy by 4.5% during the third quarter. Nomura Asset Management Co. Ltd. now owns 215,570 shares of the utilities provider’s stock worth $10,201,000 after purchasing an additional 9,290 shares in the last quarter. BB&T Investment Services Inc. boosted its position in Xcel Energy by 73.3% during the third quarter. BB&T Investment Services Inc. now owns 2,730 shares of the utilities provider’s stock worth $145,000 after purchasing an additional 1,155 shares in the last quarter. Finally, Stifel Financial Corp boosted its position in Xcel Energy by 2.2% during the third quarter. Stifel Financial Corp now owns 82,000 shares of the utilities provider’s stock worth $3,886,000 after purchasing an additional 1,775 shares in the last quarter. Hedge funds and other institutional investors own 73.41% of the company’s stock.
A number of analysts have commented on the company. SunTrust Banks reiterated a “hold” rating and set a $47.00 target price on shares of Xcel Energy in a research report on Tuesday, October 24th. Morgan Stanley boosted their target price on Xcel Energy from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Friday, September 8th. J P Morgan Chase & Co boosted their target price on Xcel Energy from $51.00 to $53.00 and gave the stock an “overweight” rating in a research report on Thursday, October 12th. BidaskClub upgraded Xcel Energy from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 23rd. Finally, Zacks Investment Research downgraded Xcel Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $49.45.
In related news, insider Mark E. Stoering sold 20,187 shares of the company’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $49.66, for a total value of $1,002,486.42. Following the completion of the transaction, the insider now directly owns 48,424 shares in the company, valued at $2,404,735.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Marvin E. Jr. Mcdaniel sold 5,176 shares of the company’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $51.07, for a total value of $264,338.32. Following the completion of the transaction, the executive vice president now owns 81,371 shares of the company’s stock, valued at $4,155,616.97. The disclosure for this sale can be found here. Over the last three months, insiders sold 28,363 shares of company stock valued at $1,415,265. Insiders own 0.22% of the company’s stock.
Xcel Energy Inc. (NYSE:XEL) traded up $0.39 during midday trading on Friday, hitting $50.78. The stock had a trading volume of 4,268,887 shares, compared to its average volume of 2,492,761. Xcel Energy Inc. has a 12 month low of $40.04 and a 12 month high of $52.22. The firm has a market capitalization of $25,788.01, a PE ratio of 21.70, a price-to-earnings-growth ratio of 4.03 and a beta of 0.21. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.68 and a current ratio of 0.87.
Xcel Energy (NYSE:XEL) last released its quarterly earnings results on Thursday, October 26th. The utilities provider reported $0.97 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.05. Xcel Energy had a return on equity of 10.63% and a net margin of 10.40%. The company had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $3.27 billion. During the same period in the previous year, the firm posted $0.90 earnings per share. The business’s revenue for the quarter was down .8% compared to the same quarter last year. analysts forecast that Xcel Energy Inc. will post 2.31 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Saturday, January 20th. Stockholders of record on Thursday, December 28th will be issued a $0.36 dividend. The ex-dividend date is Wednesday, December 27th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.84%. Xcel Energy’s dividend payout ratio (DPR) is 61.54%.
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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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