Stifel Financial Corp grew its holdings in Xcel Energy Inc. (NYSE:XEL) by 4.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 80,225 shares of the utilities provider’s stock after acquiring an additional 3,254 shares during the period. Stifel Financial Corp’s holdings in Xcel Energy were worth $3,691,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Legg Mason Asset Management Japan Co. Ltd. bought a new position in Xcel Energy in the second quarter worth approximately $959,000. Voya Investment Management LLC raised its position in Xcel Energy by 6.7% in the second quarter. Voya Investment Management LLC now owns 311,071 shares of the utilities provider’s stock worth $14,271,000 after acquiring an additional 19,406 shares during the period. Ontario Teachers Pension Plan Board raised its position in Xcel Energy by 38.8% in the second quarter. Ontario Teachers Pension Plan Board now owns 232,364 shares of the utilities provider’s stock worth $10,661,000 after acquiring an additional 64,909 shares during the period. Veritable L.P. raised its position in Xcel Energy by 1.1% in the second quarter. Veritable L.P. now owns 14,959 shares of the utilities provider’s stock worth $686,000 after acquiring an additional 162 shares during the period. Finally, OxFORD Asset Management LLP raised its position in Xcel Energy by 348.3% in the second quarter. OxFORD Asset Management LLP now owns 52,412 shares of the utilities provider’s stock worth $2,405,000 after acquiring an additional 40,722 shares during the period. Institutional investors and hedge funds own 72.45% of the company’s stock.
In related news, Director Daniel Yohannes acquired 1,000 shares of Xcel Energy stock in a transaction on Tuesday, September 5th. The stock was bought 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 of the company’s stock, valued at approximately $49,530. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kent T. Larson sold 10,000 shares of the company’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $47.25, for a total transaction of $472,500.00. Following the transaction, the executive vice president now owns 80,221 shares of the company’s stock, valued at $3,790,442.25. The disclosure for this sale can be found here. Insiders own 0.22% of the company’s stock.
Shares of Xcel Energy Inc. (XEL) opened at 47.94 on Wednesday. Xcel Energy Inc. has a 12 month low of $38.00 and a 12 month high of $50.56. The stock’s 50 day moving average is $48.62 and its 200 day moving average is $46.95. The company has a market capitalization of $24.34 billion, a P/E ratio of 21.17 and a beta of 0.19.
Xcel Energy (NYSE:XEL) last posted its earnings results on Thursday, July 27th. The utilities provider reported $0.45 earnings per share (EPS) for the quarter, beating the 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 firm had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.63 billion. During the same period in the previous year, the business posted $0.39 EPS. The business’s revenue was up 5.8% compared to the same quarter last year. On average, equities analysts predict that Xcel Energy Inc. will post $2.20 EPS for the current fiscal year.
The company also recently announced 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. This represents a $1.44 annualized dividend and a dividend yield of 3.00%. The ex-dividend date is Thursday, September 14th. Xcel Energy’s dividend payout ratio is currently 63.44%.
Several research firms have weighed in on XEL. Morgan Stanley increased their price target on shares of Xcel Energy from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Friday, September 8th. BidaskClub downgraded shares of Xcel Energy from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 24th. Argus increased their price target on shares of Xcel Energy from $50.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, June 14th. BMO Capital Markets increased their price target on shares of Xcel Energy from $46.00 to $47.00 and gave the stock a “market perform” rating in a research report on Friday, July 28th. Finally, Zacks Investment Research downgraded shares of Xcel Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $48.13.
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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