Xcel Energy Inc. (XEL) Holdings Maintained by Williams Jones & Associates LLC
Williams Jones & Associates LLC maintained its stake in shares of Xcel Energy Inc. (NYSE:XEL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,900 shares of the utilities provider’s stock at the end of the second quarter. Williams Jones & Associates LLC’s holdings in Xcel Energy were worth $225,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds also recently modified their holdings of XEL. Oxford Asset Management acquired a new position in shares of Xcel Energy in the 1st quarter valued at about $520,000. Nordea Investment Management AB lifted its holdings in shares of Xcel Energy by 25.2% in the 1st quarter. Nordea Investment Management AB now owns 23,994 shares of the utilities provider’s stock valued at $1,067,000 after buying an additional 4,827 shares during the period. Schroder Investment Management Group lifted its holdings in shares of Xcel Energy by 13.9% in the 1st quarter. Schroder Investment Management Group now owns 75,319 shares of the utilities provider’s stock valued at $3,338,000 after buying an additional 9,194 shares during the period. AXA lifted its holdings in shares of Xcel Energy by 5.9% in the 1st quarter. AXA now owns 533,716 shares of the utilities provider’s stock valued at $23,724,000 after buying an additional 29,816 shares during the period. Finally, Rafferty Asset Management LLC acquired a new position in shares of Xcel Energy in the 1st quarter valued at about $4,052,000. 72.45% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have recently issued reports on the company. Jefferies Group LLC reissued a “hold” rating and issued a $50.00 price objective on shares of Xcel Energy in a report on Friday. Mizuho reissued a “hold” rating and issued a $46.00 price objective on shares of Xcel Energy in a report on Friday, September 29th. BMO Capital Markets boosted their price objective on Xcel Energy from $46.00 to $47.00 and gave the company a “market perform” rating in a report on Friday, July 28th. Zacks Investment Research cut Xcel Energy from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. Finally, Morgan Stanley boosted their price objective on Xcel Energy from $46.00 to $48.00 and gave the company an “equal weight” rating in a report on Friday, September 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. Xcel Energy has an average rating of “Hold” and a consensus price target of $47.75.
In other news, Director Daniel Yohannes acquired 1,000 shares of Xcel Energy stock in a transaction that occurred on Tuesday, September 5th. The stock was purchased at an average price of $49.53 per share, for a total transaction of $49,530.00. Following the completion of the transaction, the director now directly owns 1,000 shares in the company, valued at $49,530. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kent T. Larson sold 10,000 shares of the firm’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 disclosure for this sale can be found here. 0.22% of the stock is owned by company insiders.
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Xcel Energy Inc. (NYSE XEL) opened at 47.39 on Friday. The company has a 50 day moving average price of $48.70 and a 200 day moving average price of $46.87. Xcel Energy Inc. has a 52 week low of $38.00 and a 52 week high of $50.56. The stock has a market cap of $24.06 billion, a price-to-earnings ratio of 20.92 and a beta of 0.19.
Xcel Energy (NYSE:XEL) last announced its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.45 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.02. The firm had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.63 billion. Xcel Energy had a net margin of 10.08% and a return on equity of 10.42%. The firm’s revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.39 earnings per share. Analysts expect that Xcel Energy Inc. will post $2.20 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, September 15th will be given a $0.36 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.44 dividend on an annualized basis and a yield of 3.04%. Xcel Energy’s payout ratio is currently 63.44%.
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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