Quantbot Technologies LP trimmed its holdings in shares of Xcel Energy Inc. (NYSE:XEL) by 25.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,294 shares of the utilities provider’s stock after selling 23,174 shares during the period. Quantbot Technologies LP’s holdings in Xcel Energy were worth $3,231,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the stock. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in Xcel Energy by 1.6% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 73,722 shares of the utilities provider’s stock valued at $3,489,000 after acquiring an additional 1,129 shares during the period. Bank of New York Mellon Corp increased its position in shares of Xcel Energy by 1.4% during the third quarter. Bank of New York Mellon Corp now owns 3,555,211 shares of the utilities provider’s stock valued at $168,233,000 after buying an additional 50,445 shares during the period. Teacher Retirement System of Texas increased its position in shares of Xcel Energy by 275.5% during the third quarter. Teacher Retirement System of Texas now owns 19,808 shares of the utilities provider’s stock valued at $937,000 after buying an additional 14,533 shares during the period. Rhumbline Advisers increased its position in shares of Xcel Energy by 1.0% during the third quarter. Rhumbline Advisers now owns 1,078,521 shares of the utilities provider’s stock valued at $51,036,000 after buying an additional 10,704 shares during the period. Finally, Advisor Group Inc. increased its position in shares of Xcel Energy by 3.5% during the third quarter. Advisor Group Inc. now owns 87,049 shares of the utilities provider’s stock valued at $4,118,000 after buying an additional 2,926 shares during the period. Institutional investors and hedge funds own 73.32% of the company’s stock.
In related news, Director Daniel Yohannes acquired 1,000 shares of the stock in a transaction on Tuesday, September 5th. The stock was purchased at an average price 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 of the company’s stock, valued at approximately $49,530. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Timothy V. Wolf sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $49.48, for a total value of $148,440.00. Following the completion of the sale, the director now owns 3,700 shares of the company’s stock, valued at approximately $183,076. The disclosure for this sale can be found here. Insiders own 0.22% of the company’s stock.
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Shares of Xcel Energy Inc. (XEL) remained flat at $$51.18 on Friday. The company had a trading volume of 2,393,000 shares, compared to its average volume of 2,602,409. The firm has a market cap of $25,987.31, a PE ratio of 21.87, a price-to-earnings-growth ratio of 4.06 and a beta of 0.21. 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 1 year low of $38.22 and a 1 year high of $52.22.
Xcel Energy (NYSE:XEL) last issued its earnings results on Thursday, October 26th. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.05. The business had revenue of $3.02 billion during the quarter, compared to analyst estimates of $3.27 billion. Xcel Energy had a return on equity of 10.63% and a net margin of 10.40%. Xcel Energy’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.90 earnings per share. sell-side analysts predict that Xcel Energy Inc. will post 2.31 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 20th. Shareholders of record on Friday, September 15th were given a $0.36 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.44 annualized dividend and a yield of 2.81%. Xcel Energy’s payout ratio is currently 61.54%.
Several equities research analysts have recently weighed in on XEL shares. Mizuho reiterated a “hold” rating and set a $46.00 price target on shares of Xcel Energy in a research report on Friday, September 29th. ValuEngine upgraded Xcel Energy from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Jefferies Group LLC reissued a “hold” rating and set a $50.00 price objective on shares of Xcel Energy in a report on Thursday, August 31st. Bank of America Corporation began coverage on Xcel Energy in a report on Tuesday, October 24th. They set a “buy” rating and a $53.00 price objective for the company. Finally, BidaskClub raised Xcel Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Nine equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Xcel Energy has an average rating of “Hold” and an average target price of $48.91.
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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