Oppenheimer & Co. Inc. raised its holdings in Xcel Energy Inc. (NYSE:XEL) by 36.4% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,967 shares of the utilities provider’s stock after acquiring an additional 3,997 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Xcel Energy were worth $686,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also made changes to their positions in the business. Sharkey Howes & Javer grew its position in Xcel Energy by 0.5% in the 1st quarter. Sharkey Howes & Javer now owns 2,994 shares of the utilities provider’s stock valued at $133,000 after acquiring an additional 16 shares during the last quarter. Buckingham Asset Management LLC grew its position in Xcel Energy by 0.5% in the 2nd quarter. Buckingham Asset Management LLC now owns 5,662 shares of the utilities provider’s stock valued at $260,000 after acquiring an additional 28 shares during the last quarter. Eqis Capital Management Inc. grew its position in Xcel Energy by 0.5% in the 2nd quarter. Eqis Capital Management Inc. now owns 5,325 shares of the utilities provider’s stock valued at $244,000 after acquiring an additional 29 shares during the last quarter. Parallel Advisors LLC grew its position in Xcel Energy by 1.6% in the 2nd quarter. Parallel Advisors LLC now owns 2,227 shares of the utilities provider’s stock valued at $105,000 after acquiring an additional 36 shares during the last quarter. Finally, Cleararc Capital Inc. grew its position in Xcel Energy by 0.3% in the 1st quarter. Cleararc Capital Inc. now owns 12,391 shares of the utilities provider’s stock valued at $551,000 after acquiring an additional 43 shares during the last quarter. 73.05% of the stock is currently owned by institutional investors.
Xcel Energy Inc. (XEL) opened at 49.53 on Wednesday. The stock’s 50 day moving average price is $48.67 and its 200-day moving average price is $46.30. Xcel Energy Inc. has a 52-week low of $38.00 and a 52-week high of $50.56. The company has a market cap of $25.15 billion, a P/E ratio of 21.87 and a beta of 0.20.
Xcel Energy (NYSE:XEL) last released its quarterly earnings data 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. The business had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.63 billion. Xcel Energy had a return on equity of 10.42% and a net margin of 10.08%. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.39 EPS. On average, equities analysts predict that Xcel Energy Inc. will post $2.20 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, September 15th will be given a dividend of $0.36 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.44 annualized dividend and a dividend yield of 2.91%. Xcel Energy’s dividend payout ratio is currently 63.44%.
Several brokerages have commented on XEL. Morgan Stanley upped their price objective on Xcel Energy from $46.00 to $48.00 and gave the company an “equal weight” rating in a research report on Friday, September 8th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $50.00 price objective on shares of Xcel Energy in a research report on Thursday, August 31st. BidaskClub raised Xcel Energy from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 23rd. BMO Capital Markets upped their price objective on Xcel Energy from $46.00 to $47.00 and gave the company a “market perform” rating in a research report on Friday, July 28th. Finally, Zacks Investment Research downgraded Xcel Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, June 28th. Ten equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $46.82.
In other news, EVP Kent T. Larson sold 10,000 shares of the company’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $47.25, for a total transaction of $472,500.00. Following the completion of the transaction, the executive vice president now directly owns 80,221 shares of the company’s stock, valued at approximately $3,790,442.25. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Daniel Yohannes acquired 1,000 shares of the stock in a transaction dated Tuesday, September 5th. The shares were acquired at an average cost of $49.53 per share, with a total value of $49,530.00. Following the completion of the transaction, the director now owns 1,000 shares in the company, valued at approximately $49,530. The disclosure for this purchase can be found here. Corporate insiders own 0.22% of the company’s stock.
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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