Savant Capital LLC Has $236,000 Position in Xcel Energy Inc. (XEL)
Savant Capital LLC held its stake in shares of Xcel Energy Inc. (NYSE:XEL) during the second quarter, Holdings Channel reports. The firm owned 5,137 shares of the utilities provider’s stock at the end of the second quarter. Savant Capital LLC’s holdings in Xcel Energy were worth $236,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in XEL. GW Henssler & Associates Ltd. raised its stake in shares of Xcel Energy by 5.7% in the first quarter. GW Henssler & Associates Ltd. now owns 84,649 shares of the utilities provider’s stock worth $3,763,000 after buying an additional 4,569 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its stake in shares of Xcel Energy by 3.0% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 13,547 shares of the utilities provider’s stock worth $563,000 after buying an additional 398 shares in the last quarter. Candriam Luxembourg S.C.A. raised its stake in shares of Xcel Energy by 30.5% in the first quarter. Candriam Luxembourg S.C.A. now owns 52,013 shares of the utilities provider’s stock worth $2,312,000 after buying an additional 12,169 shares in the last quarter. First National Bank Sioux Falls raised its stake in shares of Xcel Energy by 4.7% in the first quarter. First National Bank Sioux Falls now owns 6,193 shares of the utilities provider’s stock worth $275,000 after buying an additional 280 shares in the last quarter. Finally, Retirement Systems of Alabama raised its stake in shares of Xcel Energy by 1.8% in the first quarter. Retirement Systems of Alabama now owns 245,184 shares of the utilities provider’s stock worth $10,898,000 after buying an additional 4,426 shares in the last quarter. Institutional investors and hedge funds own 72.60% of the company’s stock.
Xcel Energy Inc. (NYSE XEL) opened at 48.73 on Wednesday. The company has a market cap of $24.74 billion, a P/E ratio of 21.51 and a beta of 0.19. Xcel Energy Inc. has a 12-month low of $38.00 and a 12-month high of $48.76. The firm’s 50 day moving average is $46.95 and its 200 day moving average is $45.30.
Xcel Energy (NYSE:XEL) last released its earnings results on Thursday, July 27th. The utilities provider reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.02. The business had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.63 billion. Xcel Energy had a net margin of 10.08% and a return on equity of 10.42%. The company’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.39 earnings per share. Equities research analysts anticipate that Xcel Energy Inc. will post $2.20 EPS for the current fiscal year.
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A number of brokerages have weighed in on XEL. Morgan Stanley boosted 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, August 10th. Zacks Investment Research upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a research note on Thursday, June 22nd. Jefferies Group LLC restated a “hold” rating and issued a $48.00 price objective on shares of Xcel Energy in a research note on Friday, June 9th. BidaskClub upgraded Xcel Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Finally, BMO Capital Markets upped their price objective on Xcel Energy from $46.00 to $47.00 and gave the stock a “market perform” rating in a research note on Friday, July 28th. Ten equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $46.67.
In related news, EVP Kent T. Larson sold 10,000 shares of the company’s 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 completion of the sale, the executive vice president now owns 80,221 shares of the company’s stock, valued at approximately $3,790,442.25. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.22% of the stock is currently 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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