Coldstream Capital Management Inc. boosted its position in Xcel Energy Inc. (NYSE:XEL) by 0.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,519 shares of the utilities provider’s stock after buying an additional 20 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Xcel Energy were worth $391,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the stock. BlackRock Inc. grew its stake in Xcel Energy by 2,692.8% in the 1st quarter. BlackRock Inc. now owns 41,639,955 shares of the utilities provider’s stock valued at $1,850,897,000 after buying an additional 40,148,954 shares during the last quarter. Vanguard Group Inc. grew its stake in Xcel Energy by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 36,034,296 shares of the utilities provider’s stock valued at $1,653,253,000 after buying an additional 871,299 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Xcel Energy by 12.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 28,507,015 shares of the utilities provider’s stock valued at $1,307,902,000 after buying an additional 3,187,095 shares during the last quarter. FMR LLC grew its stake in Xcel Energy by 10.2% in the 1st quarter. FMR LLC now owns 17,771,752 shares of the utilities provider’s stock valued at $789,955,000 after buying an additional 1,644,276 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in Xcel Energy by 0.6% in the 2nd quarter. Franklin Resources Inc. now owns 13,899,928 shares of the utilities provider’s stock valued at $637,728,000 after buying an additional 85,566 shares during the last quarter. Institutional investors and hedge funds own 72.45% of the company’s stock.
In other Xcel Energy news, Director Daniel Yohannes purchased 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The shares were acquired at an average cost of $49.53 per share, for a total transaction of $49,530.00. Following the completion of the purchase, the director now owns 1,000 shares of the company’s stock, valued at approximately $49,530. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction, the executive vice president now owns 80,221 shares in the company, valued at $3,790,442.25. The disclosure for this sale can be found here. Corporate insiders own 0.22% of the company’s stock.
Xcel Energy Inc. (XEL) traded up 0.77% during mid-day trading on Wednesday, reaching $48.31. 299,406 shares of the company’s stock traded hands. Xcel Energy Inc. has a 1-year low of $38.00 and a 1-year high of $50.56. The firm has a 50 day moving average of $48.62 and a 200 day moving average of $46.95. The firm has a market cap of $24.53 billion, a PE ratio of 21.28 and a beta of 0.19.
Xcel Energy (NYSE:XEL) last released its quarterly earnings results on Thursday, July 27th. The utilities provider reported $0.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.02. Xcel Energy had a net margin of 10.08% and a return on equity of 10.42%. The business had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.63 billion. During the same period in the prior year, the company posted $0.39 earnings per share. Xcel Energy’s revenue was up 5.8% compared to the same quarter last year. Analysts forecast that Xcel Energy Inc. will post $2.20 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, September 15th will be paid a $0.36 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.44 annualized dividend and a dividend yield of 3.00%. Xcel Energy’s dividend payout ratio (DPR) is presently 63.44%.
A number of research analysts recently issued reports on the stock. Royal Bank Of Canada reiterated a “hold” rating and issued a $48.00 target price on shares of Xcel Energy in a research note on Tuesday. Jefferies Group LLC reiterated a “hold” rating and issued a $50.00 target price on shares of Xcel Energy in a research note on Friday, October 6th. Mizuho reiterated a “hold” rating and issued a $46.00 target price on shares of Xcel Energy in a research note on Friday, September 29th. BMO Capital Markets raised their target price on shares of Xcel Energy from $46.00 to $47.00 and gave the company a “market perform” rating in a research note on Friday, July 28th. Finally, BidaskClub upgraded shares of Xcel Energy from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 23rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $48.13.
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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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