Sii Investments Inc. WI Has $716,000 Stake in Xcel Energy Inc. (XEL)
Sii Investments Inc. WI trimmed its stake in shares of Xcel Energy Inc. (NYSE:XEL) by 28.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,581 shares of the utilities provider’s stock after selling 6,074 shares during the quarter. Sii Investments Inc. WI’s holdings in Xcel Energy were worth $716,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently modified their holdings of the company. Sharkey Howes & Javer increased its holdings in Xcel Energy by 0.5% in the second quarter. Sharkey Howes & Javer now owns 3,010 shares of the utilities provider’s stock worth $138,000 after purchasing an additional 16 shares in the last quarter. Buckingham Asset Management LLC increased its holdings in Xcel Energy by 0.5% in the second quarter. Buckingham Asset Management LLC now owns 5,662 shares of the utilities provider’s stock worth $260,000 after purchasing an additional 28 shares in the last quarter. Eqis Capital Management Inc. increased its holdings in 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 purchasing an additional 29 shares in the last quarter. Parallel Advisors LLC increased its holdings in 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 purchasing an additional 36 shares in the last quarter. Finally, Cleararc Capital Inc. increased its holdings in 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 purchasing an additional 43 shares in the last quarter. Institutional investors own 72.45% of the company’s stock.
XEL has been the subject of a number of research analyst reports. BidaskClub downgraded Xcel Energy from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 24th. Morgan Stanley lifted their target price on Xcel Energy from $45.00 to $46.00 and gave the stock an “equal weight” rating in a report on Thursday, August 10th. Argus lifted their target price on Xcel Energy from $50.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, June 14th. Jefferies Group LLC reiterated a “hold” rating and issued a $50.00 target price on shares of Xcel Energy in a report on Thursday, August 31st. Finally, Zacks Investment Research downgraded Xcel Energy from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Xcel Energy currently has a consensus rating of “Hold” and a consensus price target of $47.75.
Xcel Energy Inc. (NYSE:XEL) traded down 0.25% during midday trading on Thursday, hitting $47.65. The stock had a trading volume of 338,045 shares. Xcel Energy Inc. has a 12 month low of $38.00 and a 12 month high of $50.56. The firm’s 50-day moving average price is $48.78 and its 200 day moving average price is $46.84. The company has a market cap of $24.19 billion, a P/E ratio of 21.04 and a beta of 0.19.
Xcel Energy (NYSE:XEL) last announced its earnings results on Thursday, July 27th. The utilities provider reported $0.45 earnings per share (EPS) for the quarter, topping the 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 firm had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.63 billion. During the same quarter in the prior year, the company earned $0.39 EPS. The business’s revenue was up 5.8% compared to the same quarter last year. On average, analysts expect that Xcel Energy Inc. will post $2.20 earnings per share for the current fiscal year.
The company 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 3.01%. The ex-dividend date is Thursday, September 14th. Xcel Energy’s dividend payout ratio is currently 63.44%.
In other news, EVP Kent T. Larson sold 10,000 shares of the stock in a transaction that occurred on 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 transaction, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel Yohannes bought 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The stock was purchased at an average cost of $49.53 per share, with a total value of $49,530.00. Following the transaction, the director now directly owns 1,000 shares in the company, valued at approximately $49,530. The disclosure for this purchase can be found here. 0.22% of the stock is currently owned by corporate insiders.
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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