NJ State Employees Deferred Compensation Plan maintained its position in shares of Xcel Energy Inc. (NYSE:XEL) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 16,243 shares of the utilities provider’s stock at the end of the second quarter. NJ State Employees Deferred Compensation Plan’s holdings in Xcel Energy were worth $745,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of XEL. Carroll Financial Associates Inc. increased its stake in Xcel Energy by 14.5% in the second quarter. Carroll Financial Associates Inc. now owns 2,365 shares of the utilities provider’s stock valued at $108,000 after buying an additional 300 shares during the period. Founders Capital Management purchased a new stake in Xcel Energy during the first quarter valued at about $124,000. Reilly Financial Advisors LLC increased its stake 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 increased its stake 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. Finally, Independent Portfolio Consultants Inc. increased its stake 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. 72.17% of the stock is currently owned by institutional investors and hedge funds.
Xcel Energy Inc. (NYSE:XEL) opened at 47.97 on Monday. Xcel Energy Inc. has a one year low of $38.00 and a one year high of $48.50. The firm has a market capitalization of $24.36 billion, a price-to-earnings ratio of 21.18 and a beta of 0.19. The firm’s 50-day moving average is $46.71 and its 200 day moving average is $44.79.
Xcel Energy (NYSE:XEL) last issued its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.02. The business 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%. Xcel Energy’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.39 earnings per share. Analysts forecast that Xcel Energy Inc. will post $2.20 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, July 20th. Investors of record on Thursday, June 15th were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 3.00%. The ex-dividend date of this dividend was Tuesday, June 13th. Xcel Energy’s payout ratio is currently 63.44%.
ILLEGAL ACTIVITY WARNING: This story was first published by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this story on another website, it was copied illegally and republished in violation of US & international copyright laws. The original version of this story can be read at https://stocknewstimes.com/2017/08/07/nj-state-employees-deferred-compensation-plan-has-745000-stake-in-xcel-energy-inc-nysexel.html.
Several equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research note on Thursday, June 22nd. Jefferies Group LLC reaffirmed a “hold” rating and set a $48.00 price target on shares of Xcel Energy in a research note on Friday, June 9th. BidaskClub raised shares of Xcel Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. BMO Capital Markets lifted 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 note on Friday, July 28th. Finally, Argus lifted their price target on shares of Xcel Energy from $50.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday, June 14th. Nine analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $46.73.
In related news, EVP Kent T. Larson sold 10,000 shares of the company’s stock in a transaction on 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 directly owns 80,221 shares in the company, valued at approximately $3,790,442.25. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.22% of the stock is owned by corporate insiders.
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.
Receive News & Ratings for Xcel Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xcel Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
