Rhumbline Advisers Increases Position in Xcel Energy Inc. (XEL)
Rhumbline Advisers increased its position in shares of Xcel Energy Inc. (NYSE:XEL) by 1.5% during the second quarter, Holdings Channel reports. The fund owned 1,067,817 shares of the utilities provider’s stock after buying an additional 15,675 shares during the period. Rhumbline Advisers’ holdings in Xcel Energy were worth $48,991,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Xcel Energy by 2,692.8% in the first quarter. BlackRock Inc. now owns 41,639,955 shares of the utilities provider’s stock worth $1,850,897,000 after buying an additional 40,148,954 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Xcel Energy by 3.4% in the first quarter. Vanguard Group Inc. now owns 35,162,997 shares of the utilities provider’s stock worth $1,562,996,000 after buying an additional 1,152,946 shares during the last quarter. FMR LLC raised its stake in shares of Xcel Energy by 10.2% in the first quarter. FMR LLC now owns 17,771,752 shares of the utilities provider’s stock worth $789,955,000 after buying an additional 1,644,276 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Xcel Energy by 2.0% in the first quarter. Wellington Management Group LLP now owns 11,536,713 shares of the utilities provider’s stock worth $512,808,000 after buying an additional 222,533 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Xcel Energy by 6.9% in the first quarter. Geode Capital Management LLC now owns 5,063,694 shares of the utilities provider’s stock worth $224,766,000 after buying an additional 325,049 shares during the last quarter. 72.03% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Xcel Energy Inc. (XEL) opened at 48.19 on Friday. Xcel Energy Inc. has a 1-year low of $38.00 and a 1-year high of $48.72. The company has a market cap of $24.47 billion, a price-to-earnings ratio of 21.28 and a beta of 0.19. The company’s 50-day moving average is $46.87 and its 200 day moving average is $45.12.
Xcel Energy (NYSE:XEL) last issued its earnings results on Thursday, July 27th. The utilities provider reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.02. Xcel Energy had a net margin of 10.08% and a return on equity of 10.42%. The company had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.63 billion. During the same period in the prior year, the business earned $0.39 EPS. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. Equities analysts anticipate that Xcel Energy Inc. will post $2.20 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, July 20th. Shareholders of record on Thursday, June 15th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 2.99%. The ex-dividend date of this dividend was Tuesday, June 13th. Xcel Energy’s payout ratio is 63.44%.
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A number of equities research analysts have recently weighed in on XEL shares. Deutsche Bank AG lifted their target price on shares of Xcel Energy from $45.00 to $46.00 and gave the company a “hold” rating in a research note on Friday, April 28th. Jefferies Group LLC reaffirmed a “hold” rating and set a $46.00 target price on shares of Xcel Energy in a research note on Thursday, April 27th. Barclays PLC reaffirmed an “equal weight” rating and set a $47.00 target price (up previously from $44.00) on shares of Xcel Energy in a research note on Sunday, April 23rd. BidaskClub raised shares of Xcel Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Finally, Morgan Stanley lifted their target price on shares of Xcel Energy from $45.00 to $46.00 and gave the company an “equal weight” rating in a research note on Thursday. Ten investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Xcel Energy currently has a consensus rating of “Hold” and a consensus target price of $46.67.
In other Xcel Energy news, EVP Kent T. Larson sold 10,000 shares of the stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $47.25, for a total transaction of $472,500.00. Following the transaction, the executive vice president now directly owns 80,221 shares in the company, valued at approximately $3,790,442.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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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