LS Investment Advisors LLC cut its stake in Xcel Energy Inc. (NYSE:XEL) by 0.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm 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 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Founders Capital Management acquired a new position in Xcel Energy during the first quarter valued at approximately $124,000. 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 valued at $129,000 after buying an additional 160 shares during the period. Sharkey Howes & Javer boosted its position in Xcel Energy by 0.5% in the first quarter. Sharkey Howes & Javer now owns 2,994 shares of the utilities provider’s stock valued at $133,000 after buying an additional 16 shares during the period. Independent Portfolio Consultants Inc. boosted its position in Xcel Energy by 89.9% in the second quarter. Independent Portfolio Consultants Inc. now owns 3,134 shares of the utilities provider’s stock valued at $144,000 after buying an additional 1,484 shares during the period. Finally, Winslow Evans & Crocker Inc. boosted its position in Xcel Energy by 8.8% in the second quarter. Winslow Evans & Crocker Inc. now owns 3,274 shares of the utilities provider’s stock valued at $150,000 after buying an additional 266 shares during the period. Institutional investors and hedge funds own 72.17% of the company’s stock.
Xcel Energy Inc. (NYSE:XEL) opened at 47.97 on Friday. The stock’s 50 day moving average price is $46.71 and its 200 day moving average price is $44.79. Xcel Energy Inc. has a 12-month low of $38.00 and a 12-month high of $48.50. The company has a market capitalization of $24.36 billion, a price-to-earnings ratio of 21.18 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 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.02. The firm had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.63 billion. Xcel Energy had a net margin of 10.08% and a return on equity of 10.42%. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.39 earnings per share. On average, equities research analysts anticipate that Xcel Energy Inc. will post $2.20 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, July 20th. Shareholders of record on Thursday, June 15th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date was Tuesday, June 13th. Xcel Energy’s dividend payout ratio is 63.44%.
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Several research firms recently commented on XEL. Zacks Investment Research cut Xcel Energy from a “buy” rating to a “hold” rating in a research note on Thursday, June 15th. BidaskClub cut Xcel Energy from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 24th. Argus upped their price objective on Xcel Energy from $50.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, June 14th. BMO Capital Markets upped their price objective on Xcel Energy from $46.00 to $47.00 and gave the company a “market perform” rating in a research note on Friday, July 28th. Finally, Mizuho assumed coverage on Xcel Energy in a research note on Wednesday, April 19th. They set a “neutral” rating and a $44.00 price objective on the stock. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $46.73.
In other Xcel Energy news, EVP Kent T. Larson sold 10,000 shares of the firm’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $47.25, for a total transaction of $472,500.00. Following the completion of the transaction, the executive vice president now owns 80,221 shares in the company, valued at $3,790,442.25. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.22% of the stock is owned by company insiders.
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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