Oakbrook Investments LLC Has $1.05 Million Position in Xcel Energy Inc. (XEL)

Oakbrook Investments LLC reduced its position in shares of Xcel Energy Inc. (NYSE:XEL) by 3.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,911 shares of the utilities provider’s stock after selling 920 shares during the period. Oakbrook Investments LLC’s holdings in Xcel Energy were worth $1,051,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in XEL. Thrivent Financial for Lutherans increased its stake in Xcel Energy by 6.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 18,575 shares of the utilities provider’s stock worth $756,000 after buying an additional 1,100 shares during the last quarter. Wealthfront Inc. increased its stake in Xcel Energy by 2.5% in the fourth quarter. Wealthfront Inc. now owns 10,283 shares of the utilities provider’s stock worth $419,000 after buying an additional 250 shares during the last quarter. HighPoint Advisor Group LLC increased its stake in Xcel Energy by 1.6% in the fourth quarter. HighPoint Advisor Group LLC now owns 6,383 shares of the utilities provider’s stock worth $278,000 after buying an additional 100 shares during the last quarter. Kentucky Retirement Systems acquired a new stake in Xcel Energy during the fourth quarter worth $1,500,000. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Xcel Energy during the fourth quarter worth $669,000. Institutional investors own 72.03% of the company’s stock.

Shares of Xcel Energy Inc. (NYSE:XEL) traded up 0.62% on Friday, reaching $47.42. 2,787,748 shares of the company’s stock traded hands. The company’s 50-day moving average price is $46.82 and its 200 day moving average price is $44.38. Xcel Energy Inc. has a one year low of $38.00 and a one year high of $48.50. The firm has a market cap of $24.08 billion, a P/E ratio of 21.52 and a beta of 0.19.

Xcel Energy (NYSE:XEL) last posted its quarterly earnings data on Thursday, April 27th. The utilities provider reported $0.47 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by $0.03. The company had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Xcel Energy had a net margin of 9.94% and a return on equity of 10.24%. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.47 EPS. On average, equities analysts forecast that Xcel Energy Inc. will post $2.20 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 20th. Investors of record on Thursday, June 15th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date was Tuesday, June 13th. Xcel Energy’s payout ratio is presently 65.16%.

A number of equities research analysts have recently weighed in on XEL shares. Zacks Investment Research upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research report on Tuesday, April 4th. Deutsche Bank AG lifted their price target on shares of Xcel Energy from $44.00 to $45.00 and gave the company a “hold” rating in a research report on Tuesday, April 11th. Mizuho started coverage on shares of Xcel Energy in a research report on Wednesday, April 19th. They issued a “neutral” rating and a $44.00 price target for the company. Barclays PLC reiterated an “equal weight” rating and issued a $47.00 price target (up from $44.00) on shares of Xcel Energy in a research report on Sunday, April 23rd. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $46.00 price target on shares of Xcel Energy in a research report on Thursday, April 27th. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $46.70.

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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