Vista Private Wealth Partners. LLC bought a new stake in Xcel Energy Inc. (NYSE:XEL) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 6,253 shares of the utilities provider’s stock, valued at approximately $314,000.
Other hedge funds have also modified their holdings of the company. Chicago Partners Investment Group LLC acquired a new stake in shares of Xcel Energy during the 3rd quarter valued at $234,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of Xcel Energy during the 3rd quarter valued at $505,000. GSA Capital Partners LLP acquired a new stake in shares of Xcel Energy during the 3rd quarter valued at $512,000. Americafirst Capital Management LLC acquired a new stake in shares of Xcel Energy during the 3rd quarter valued at $825,000. Finally, California Public Employees Retirement System boosted its holdings in shares of Xcel Energy by 3.5% during the 3rd quarter. California Public Employees Retirement System now owns 1,379,992 shares of the utilities provider’s stock valued at $65,301,000 after acquiring an additional 46,397 shares in the last quarter. 73.41% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Timothy V. Wolf sold 3,000 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $49.48, for a total transaction of $148,440.00. Following the completion of 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 filing with the SEC, which can be accessed through the SEC website. Also, insider Mark E. Stoering sold 20,187 shares of Xcel Energy stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $49.66, for a total value of $1,002,486.42. Following the completion of the transaction, the insider now directly owns 48,424 shares of the company’s stock, valued at $2,404,735.84. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 28,363 shares of company stock valued at $1,415,265. 0.22% of the stock is owned by corporate insiders.
Xcel Energy (NYSE:XEL) last announced 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% compared to the same quarter last year. During the same period last year, the company earned $0.90 EPS. equities analysts anticipate that Xcel Energy Inc. will post 2.31 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Saturday, January 20th. Investors of record on Thursday, December 28th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 2.86%. The ex-dividend date is Wednesday, December 27th. Xcel Energy’s dividend payout ratio is currently 61.54%.
Several research firms recently weighed in on XEL. Zacks Investment Research downgraded Xcel Energy from a “hold” rating to a “sell” rating in a report on Tuesday. SunTrust Banks reissued a “hold” rating and set a $48.00 price objective on shares of Xcel Energy in a report on Monday, December 4th. Morgan Stanley raised their price objective on Xcel Energy from $50.00 to $53.00 and gave the company an “equal weight” rating in a report on Wednesday. ValuEngine raised Xcel Energy from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Finally, Jefferies Group reissued a “hold” rating and set a $50.00 price objective on shares of Xcel Energy in a report on Thursday, August 31st. One analyst has rated the stock with a sell rating, eight have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Xcel Energy presently has an average rating of “Hold” and a consensus target price of $49.45.
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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