LS Investment Advisors LLC cut its position in shares of Xcel Energy Inc. (NYSE:XEL) by 0.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 48,131 shares of the utilities provider’s stock after selling 272 shares during the period. LS Investment Advisors LLC’s holdings in Xcel Energy were worth $2,208,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Reilly Financial Advisors LLC boosted its position in Xcel Energy by 5.8% in the first quarter. Reilly Financial Advisors LLC now owns 2,901 shares of the utilities provider’s stock worth $129,000 after buying an additional 160 shares during the period. DekaBank Deutsche Girozentrale boosted its position in Xcel Energy by 13.2% in the first quarter. DekaBank Deutsche Girozentrale now owns 154,058 shares of the utilities provider’s stock valued at $6,883,000 after buying an additional 17,905 shares during the period. Greenleaf Trust bought a new position in Xcel Energy during the first quarter valued at $221,000. BlackRock Inc. boosted its position in Xcel Energy by 2,692.8% in the first quarter. BlackRock Inc. now owns 41,639,955 shares of the utilities provider’s stock valued at $1,850,897,000 after buying an additional 40,148,954 shares during the period. Finally, Blackstart Capital LP bought a new position in Xcel Energy during the first quarter valued at $12,649,000. Institutional investors own 72.07% of the company’s stock.
Shares of Xcel Energy Inc. (XEL) traded down 1.05% during trading on Friday, reaching $47.16. 2,956,067 shares of the company were exchanged. The stock’s 50-day moving average is $46.70 and its 200-day moving average is $44.64. Xcel Energy Inc. has a 52-week low of $38.00 and a 52-week high of $48.50. The firm has a market cap of $23.92 billion, a price-to-earnings ratio of 20.82 and a beta of 0.19.
Xcel Energy (NYSE:XEL) last announced its quarterly earnings results on Thursday, July 27th. The utilities provider reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.02. The firm had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.63 billion. Xcel Energy had a net margin of 10.08% and a return on equity of 10.45%. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.39 EPS. Equities research analysts predict that Xcel Energy Inc. will post $2.20 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 20th. Investors of record on Thursday, June 15th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date of this dividend was Tuesday, June 13th. Xcel Energy’s payout ratio is 63.44%.
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Several research analysts 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 objective for the company in a research report on Tuesday, April 4th. Deutsche Bank AG boosted their price objective on shares of Xcel Energy from $44.00 to $45.00 and gave the stock 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 set a “neutral” rating and a $44.00 target price for the company. Barclays PLC reiterated an “equal weight” rating and set a $47.00 target price (up previously 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 set a $46.00 target price on shares of Xcel Energy in a research report on Thursday, April 27th. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $46.73.
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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