Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its position in Xcel Energy Inc. (NYSE:XEL) by 27.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 72,593 shares of the utilities provider’s stock after selling 27,208 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Xcel Energy were worth $3,331,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the company. Sharkey Howes & Javer increased its stake in shares of Xcel Energy by 0.5% in the first quarter. Sharkey Howes & Javer now owns 2,994 shares of the utilities provider’s stock worth $133,000 after buying an additional 16 shares in the last quarter. Eqis Capital Management Inc. increased its stake in shares of Xcel Energy by 0.5% in the second quarter. Eqis Capital Management Inc. now owns 5,325 shares of the utilities provider’s stock worth $244,000 after buying an additional 29 shares in the last quarter. Parallel Advisors LLC increased its stake in shares of Xcel Energy by 1.6% in the second quarter. Parallel Advisors LLC now owns 2,227 shares of the utilities provider’s stock worth $105,000 after buying an additional 36 shares in the last quarter. Cleararc Capital Inc. increased its stake in shares of Xcel Energy by 0.3% in the first quarter. Cleararc Capital Inc. now owns 12,391 shares of the utilities provider’s stock worth $551,000 after buying an additional 43 shares in the last quarter. Finally, Park Avenue Securities LLC increased its stake in shares of Xcel Energy by 0.6% in the second quarter. Park Avenue Securities LLC now owns 8,121 shares of the utilities provider’s stock worth $326,000 after buying an additional 46 shares in the last quarter. Institutional investors own 73.03% of the company’s stock.

Shares of Xcel Energy Inc. (XEL) opened at 49.48 on Thursday. The company has a market capitalization of $25.12 billion, a P/E ratio of 21.85 and a beta of 0.19. The company has a 50 day moving average price of $47.62 and a 200 day moving average price of $45.69. Xcel Energy Inc. has a 12-month low of $38.00 and a 12-month high of $49.61.

Xcel Energy (NYSE:XEL) last issued its earnings results on Thursday, July 27th. The utilities provider reported $0.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.02. Xcel Energy had a return on equity of 10.42% and a net margin of 10.08%. The company had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.63 billion. During the same quarter in the prior year, the business earned $0.39 earnings per share. The company’s revenue was up 5.8% compared to the same quarter last year. Equities analysts anticipate that Xcel Energy Inc. will post $2.20 EPS for the current year.

The business also recently announced 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. This represents a $1.44 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend is Thursday, September 14th. Xcel Energy’s payout ratio is 63.44%.

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A number of analysts recently issued reports on the company. Zacks Investment Research downgraded Xcel Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, June 28th. Jefferies Group LLC reiterated a “hold” rating and set a $48.00 target price 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 downgraded 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 equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $46.67.

In other news, EVP Kent T. Larson sold 10,000 shares of the company’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $47.25, for a total value of $472,500.00. Following the completion of the sale, the executive vice president now owns 80,221 shares of the company’s stock, valued at $3,790,442.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.22% of the stock is owned by corporate insiders.

Xcel Energy Company 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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Institutional Ownership by Quarter for Xcel Energy (NYSE:XEL)

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