Advisor Group Inc. raised its position in Xcel Energy Inc. (NYSE:XEL) by 3.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 87,049 shares of the utilities provider’s stock after acquiring an additional 2,926 shares during the quarter. Advisor Group Inc.’s holdings in Xcel Energy were worth $4,118,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the business. Sharkey Howes & Javer lifted 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 valued at $138,000 after acquiring an additional 16 shares during the period. 1st Global Advisors Inc. lifted its holdings in Xcel Energy by 0.4% in the second quarter. 1st Global Advisors Inc. now owns 4,798 shares of the utilities provider’s stock valued at $220,000 after acquiring an additional 17 shares during the period. Buckingham Asset Management LLC lifted 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 valued at $260,000 after acquiring an additional 28 shares during the period. Eqis Capital Management Inc. lifted 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 valued at $244,000 after acquiring an additional 29 shares during the period. Finally, Parallel Advisors LLC lifted 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 valued at $105,000 after acquiring an additional 36 shares during the period. 73.32% of the stock is currently owned by institutional investors.
In related news, insider Mark E. Stoering sold 20,187 shares of the stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $49.66, for a total transaction of $1,002,486.42. Following the completion of the sale, the insider now owns 48,424 shares in the company, valued at $2,404,735.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel Yohannes bought 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The shares were acquired at an average price of $49.53 per share, with a total value of $49,530.00. Following the transaction, the director now directly owns 1,000 shares of the company’s stock, valued at approximately $49,530. The disclosure for this purchase can be found here. Company insiders own 0.22% of the company’s stock.
XEL has been the topic of a number of recent research reports. BMO Capital Markets increased their target price on Xcel Energy from $46.00 to $47.00 and gave the company a “market perform” rating in a report on Friday, July 28th. BidaskClub upgraded Xcel Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Morgan Stanley upped their price target on Xcel Energy from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 10th. Jefferies Group LLC restated a “hold” rating and issued a $50.00 price target on shares of Xcel Energy in a research report on Thursday, August 31st. Finally, Zacks Investment Research cut Xcel Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. Nine research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Xcel Energy presently has an average rating of “Hold” and an average price target of $48.91.
Xcel Energy Inc. (NYSE:XEL) traded up $0.59 during trading hours on Tuesday, hitting $50.79. The company had a trading volume of 3,419,200 shares, compared to its average volume of 2,590,169. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.87 and a quick ratio of 0.68. Xcel Energy Inc. has a 12-month low of $38.20 and a 12-month high of $50.85. The stock has a market capitalization of $25,489.70, a PE ratio of 21.45, a P/E/G ratio of 3.98 and a beta of 0.21.
Xcel Energy (NYSE:XEL) last released its earnings results on Thursday, October 26th. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.05. Xcel Energy had a return on equity of 10.63% and a net margin of 10.40%. The firm had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $3.27 billion. During the same quarter last year, the business posted $0.90 earnings per share. The firm’s revenue was down .8% on a year-over-year basis. research analysts predict that Xcel Energy Inc. will post 2.31 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 20th. Investors of record on Friday, September 15th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 2.84%. The ex-dividend date was Thursday, September 14th. Xcel Energy’s dividend payout ratio is currently 61.54%.
About Xcel Energy
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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