Westpac Banking Corp boosted its position in Xcel Energy Inc. (NYSE:XEL) by 19.9% during the second quarter, Holdings Channel reports. The fund owned 36,113 shares of the company’s stock after buying an additional 5,994 shares during the period. Westpac Banking Corp’s holdings in Xcel Energy were worth $1,545,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. TLP Group LLC purchased a new stake in Xcel Energy during the second quarter worth approximately $116,000. City Holding Co. increased its stake in Xcel Energy by 1.5% in the second quarter. City Holding Co. now owns 2,776 shares of the company’s stock worth $124,000 after buying an additional 41 shares during the last quarter. Iowa State Bank purchased a new stake in Xcel Energy during the second quarter worth approximately $125,000. Sharkey Howes & Javer increased its stake in Xcel Energy by 0.5% in the second quarter. Sharkey Howes & Javer now owns 2,946 shares of the company’s stock worth $132,000 after buying an additional 16 shares during the last quarter. Finally, Financial Architects Inc increased its stake in Xcel Energy by 39.7% in the second quarter. Financial Architects Inc now owns 3,926 shares of the company’s stock worth $176,000 after buying an additional 1,116 shares during the last quarter. Institutional investors own 70.91% of the company’s stock.
Xcel Energy Inc. (NYSE:XEL) traded down 0.12% during trading on Friday, reaching $41.76. The company had a trading volume of 295,192 shares. The company has a 50-day moving average price of $41.96 and a 200 day moving average price of $41.99. The stock has a market cap of $21.21 billion, a PE ratio of 19.80 and a beta of 0.11. Xcel Energy Inc. has a 52-week low of $34.33 and a 52-week high of $45.42.
Xcel Energy (NYSE:XEL) last issued its earnings results on Wednesday, August 3rd. The company reported $0.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by $0.01. The business earned $2.50 billion during the quarter, compared to analyst estimates of $2.52 billion. Xcel Energy had a return on equity of 10.10% and a net margin of 9.92%. The business’s quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the business earned $0.39 EPS. On average, analysts anticipate that Xcel Energy Inc. will post $2.20 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 20th. Stockholders of record on Thursday, September 15th will be given a $0.34 dividend. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $1.36 annualized dividend and a dividend yield of 3.25%. Xcel Energy’s dividend payout ratio (DPR) is presently 64.46%.
A number of analysts have commented on the company. Jefferies Group boosted their target price on Xcel Energy from $42.00 to $45.00 and gave the stock a “hold” rating in a research report on Thursday, August 4th. Zacks Investment Research downgraded Xcel Energy from a “hold” rating to a “sell” rating in a research report on Monday, June 6th. Argus reissued a “buy” rating and issued a $48.00 price target (up from $46.00) on shares of Xcel Energy in a report on Wednesday, June 15th. SunTrust Banks Inc. boosted their price target on Xcel Energy from $41.00 to $42.00 and gave the stock a “neutral” rating in a report on Monday. Finally, JPMorgan Chase & Co. raised Xcel Energy from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $39.00 to $47.00 in a report on Thursday, June 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of C$44.00.
In other news, EVP Marvin E. Jr. Mcdaniel sold 11,900 shares of the firm’s stock in a transaction on Friday, August 26th. The stock was sold at an average price of C$41.66, for a total value of C$495,754.00. Following the completion of the sale, the executive vice president now owns 79,404 shares of the company’s stock, valued at C$3,307,970.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.20% of the stock is owned by insiders.
Xcel Energy Company Profile
Xcel Energy Inc is a public utility holding company. The Company’s operations include activity of four utility subsidiaries that serve electric and natural gas customers. Its segments are regulated electric utility, regulated natural gas utility and all other. The regulated electric utility segment generates, transmits and distributes electricity in Minnesota, Wisconsin, Michigan, North Dakota, South Dakota, Colorado, Texas and New Mexico.
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