Palladium Partners LLC trimmed its position in shares of Xcel Energy Inc. (NYSE:XEL) by 10.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,100 shares of the utilities provider’s stock after selling 2,400 shares during the quarter. Palladium Partners LLC’s holdings in Xcel Energy were worth $998,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently made changes to their positions in XEL. Parallel Advisors LLC lifted its holdings in shares of Xcel Energy by 1.6% during the 2nd quarter. Parallel Advisors LLC now owns 2,227 shares of the utilities provider’s stock valued at $105,000 after buying an additional 36 shares during the last quarter. Carroll Financial Associates Inc. lifted its holdings in shares of Xcel Energy by 14.5% during the 2nd quarter. Carroll Financial Associates Inc. now owns 2,365 shares of the utilities provider’s stock valued at $108,000 after buying an additional 300 shares during the last quarter. Sandy Spring Bank lifted its holdings in shares of Xcel Energy by 24.8% during the 2nd quarter. Sandy Spring Bank now owns 2,401 shares of the utilities provider’s stock valued at $110,000 after buying an additional 477 shares during the last quarter. Dupont Capital Management Corp acquired a new stake in shares of Xcel Energy during the 2nd quarter valued at about $135,000. Finally, Sharkey Howes & Javer lifted its holdings in shares of Xcel Energy by 0.5% during the 2nd quarter. Sharkey Howes & Javer now owns 3,010 shares of the utilities provider’s stock valued at $138,000 after buying an additional 16 shares during the last quarter. Institutional investors and hedge funds own 73.32% of the company’s stock.
In other Xcel Energy news, Director Timothy V. Wolf sold 3,000 shares of Xcel Energy stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $49.48, for a total value of $148,440.00. Following the transaction, the director now directly owns 3,700 shares of the company’s stock, valued at approximately $183,076. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Daniel Yohannes purchased 1,000 shares of the company’s stock in a transaction on Tuesday, September 5th. The stock was acquired at an average cost of $49.53 per share, for a total transaction of $49,530.00. Following the completion of the transaction, the director now owns 1,000 shares in the company, valued at $49,530. The disclosure for this purchase can be found here. Insiders own 0.22% of the company’s stock.
Xcel Energy (NYSE:XEL) last posted its earnings results on Thursday, October 26th. The utilities provider reported $0.97 earnings per share for the quarter, topping the Thomson Reuters’ 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 analyst estimates of $3.27 billion. During the same period in the previous year, the company earned $0.90 EPS. The company’s revenue for the quarter was down .8% on a year-over-year basis. research analysts expect that Xcel Energy Inc. will post 2.31 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 20th. Shareholders of record on Friday, September 15th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend was Thursday, September 14th. Xcel Energy’s dividend payout ratio is currently 61.54%.
Several equities research analysts have recently issued reports on XEL shares. BMO Capital Markets lifted their price target 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 report on Tuesday, August 1st. Morgan Stanley lifted their price target on Xcel Energy from $45.00 to $46.00 and gave the company an “equal weight” rating in a report on Thursday, August 10th. Jefferies Group LLC reiterated a “hold” rating and set a $50.00 price target on shares of Xcel Energy in a report on Thursday, August 31st. Finally, Zacks Investment Research lowered Xcel Energy from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. Nine investment 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 stock. The company has a consensus rating of “Hold” and an average price target of $48.91.
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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