Korea Investment CORP raised its position in shares of Xcel Energy Inc. (NYSE:XEL) by 9.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 252,915 shares of the utilities provider’s stock after buying an additional 21,667 shares during the period. Korea Investment CORP’s holdings in Xcel Energy were worth $11,604,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of XEL. Carroll Financial Associates Inc. increased its position in shares of Xcel Energy by 14.5% in the second quarter. Carroll Financial Associates Inc. now owns 2,365 shares of the utilities provider’s stock worth $108,000 after buying an additional 300 shares during the last quarter. Founders Capital Management purchased a new position in shares of Xcel Energy during the first quarter worth about $124,000. Reilly Financial Advisors LLC increased its position in shares of 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 last quarter. Sharkey Howes & Javer increased its position in shares of Xcel Energy by 0.5% in the first quarter. Sharkey Howes & Javer now owns 2,994 shares of the utilities provider’s stock worth $133,000 after buying an additional 16 shares during the last quarter. Finally, Independent Portfolio Consultants Inc. increased its position in shares of Xcel Energy by 89.9% in the second quarter. Independent Portfolio Consultants Inc. now owns 3,134 shares of the utilities provider’s stock worth $144,000 after buying an additional 1,484 shares during the last quarter. 72.60% of the stock is currently owned by institutional investors and hedge funds.
Xcel Energy Inc. (NYSE XEL) traded up 0.68% during trading on Friday, hitting $49.00. 2,236,647 shares of the company traded hands. Xcel Energy Inc. has a 52-week low of $38.00 and a 52-week high of $49.22. The firm has a market cap of $24.88 billion, a price-to-earnings ratio of 21.63 and a beta of 0.19. The company’s 50-day moving average is $47.15 and its 200 day moving average is $45.41.
Xcel Energy (NYSE:XEL) last posted its quarterly earnings data 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 return on equity of 10.42% and a net margin of 10.08%. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.39 EPS. On average, equities analysts anticipate that Xcel Energy Inc. will post $2.20 earnings per share for the current year.
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A number of research analysts have recently issued reports on the stock. Morgan Stanley lifted their price objective on shares of Xcel Energy from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 10th. Zacks Investment Research raised shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research report on Thursday, June 22nd. Jefferies Group LLC reissued a “hold” rating and set a $48.00 target price on shares of Xcel Energy in a research report on Friday, June 9th. BidaskClub raised shares of Xcel Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Finally, BMO Capital Markets boosted their target price 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. Ten investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $46.67.
In related news, EVP Kent T. Larson sold 10,000 shares of Xcel Energy stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $47.25, for a total transaction of $472,500.00. Following the completion of the sale, the executive vice president now owns 80,221 shares in the company, valued at approximately $3,790,442.25. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.22% of the company’s stock.
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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