Xcel Energy Inc (XEL) Stake Decreased by Standard Life Aberdeen plc
Standard Life Aberdeen plc trimmed its holdings in Xcel Energy Inc (NYSE:XEL) by 5.4% during the fourth quarter, Holdings Channel reports. The fund owned 158,375 shares of the utilities provider’s stock after selling 9,007 shares during the period. Standard Life Aberdeen plc’s holdings in Xcel Energy were worth $7,619,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. OppenheimerFunds Inc. grew its stake in Xcel Energy by 7.0% in the 4th quarter. OppenheimerFunds Inc. now owns 35,483 shares of the utilities provider’s stock valued at $1,707,000 after acquiring an additional 2,331 shares during the last quarter. First Republic Investment Management Inc. grew its stake in Xcel Energy by 13.5% in the 4th quarter. First Republic Investment Management Inc. now owns 11,278 shares of the utilities provider’s stock valued at $543,000 after acquiring an additional 1,340 shares during the last quarter. Timber Hill LLC acquired a new stake in Xcel Energy in the 4th quarter valued at about $4,299,000. Dynamic Advisors Solutions LLC grew its stake in Xcel Energy by 142.5% in the 4th quarter. Dynamic Advisors Solutions LLC now owns 44,346 shares of the utilities provider’s stock valued at $2,133,000 after acquiring an additional 26,060 shares during the last quarter. Finally, Norinchukin Bank The grew its stake in Xcel Energy by 7.4% in the 4th quarter. Norinchukin Bank The now owns 40,597 shares of the utilities provider’s stock valued at $1,953,000 after acquiring an additional 2,803 shares during the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.
XEL has been the topic of a number of research reports. SunTrust Banks set a $42.00 price objective on shares of Xcel Energy and gave the company a “hold” rating in a research note on Wednesday, January 17th. ValuEngine raised shares of Xcel Energy from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Zacks Investment Research raised shares of Xcel Energy from a “sell” rating to a “hold” rating in a research note on Monday, January 15th. UBS Group initiated coverage on shares of Xcel Energy in a research note on Friday, February 2nd. They issued a “neutral” rating and a $47.00 price objective on the stock. Finally, Morgan Stanley raised shares of Xcel Energy from an “equal weight” rating to an “overweight” rating and set a $48.00 price objective on the stock in a research note on Tuesday, February 13th. Nine research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $48.00.
Xcel Energy (NYSE:XEL) last released its earnings results on Wednesday, February 7th. The utilities provider reported $0.42 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.01). The firm had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.84 billion. Xcel Energy had a net margin of 10.06% and a return on equity of 10.44%. Xcel Energy’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter last year, the company posted $0.45 earnings per share. equities research analysts predict that Xcel Energy Inc will post 2.44 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 20th. Shareholders of record on Thursday, March 15th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 3.53%. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.36. The ex-dividend date is Wednesday, March 14th. Xcel Energy’s dividend payout ratio is 62.61%.
In other Xcel Energy news, EVP Marvin E. Jr. Mcdaniel sold 5,176 shares of the company’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $51.07, for a total value of $264,338.32. Following the transaction, the executive vice president now directly owns 81,371 shares in the company, valued at approximately $4,155,616.97. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.22% of the stock is currently owned by corporate insiders.
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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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