Rice Hall James & Associates LLC cut its stake in Xcel Energy Inc. (NYSE:XEL) by 13.7% during the second quarter, Holdings Channel reports. The institutional investor owned 6,297 shares of the company’s stock after selling 1,000 shares during the period. Rice Hall James & Associates LLC’s holdings in Xcel Energy were worth $282,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp boosted its stake in Xcel Energy by 7.4% in the first quarter. State Street Corp now owns 25,730,566 shares of the company’s stock valued at $1,076,045,000 after buying an additional 1,768,675 shares during the last quarter. American Century Companies Inc. boosted its stake in Xcel Energy by 26.4% in the second quarter. American Century Companies Inc. now owns 5,301,643 shares of the company’s stock valued at $237,408,000 after buying an additional 1,107,477 shares during the last quarter. Geode Capital Management LLC boosted its stake in Xcel Energy by 1.3% in the first quarter. Geode Capital Management LLC now owns 4,295,630 shares of the company’s stock valued at $179,295,000 after buying an additional 56,518 shares during the last quarter. Credit Agricole S A boosted its stake in Xcel Energy by 20.2% in the first quarter. Credit Agricole S A now owns 1,108,722 shares of the company’s stock valued at $46,365,000 after buying an additional 186,342 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its stake in Xcel Energy by 16.3% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,078,432 shares of the company’s stock valued at $48,294,000 after buying an additional 150,991 shares during the last quarter. Institutional investors and hedge funds own 70.91% of the company’s stock.
Shares of Xcel Energy Inc. (NYSE:XEL) traded down 1.10% during trading on Tuesday, reaching $39.45. The company’s stock had a trading volume of 3,913,836 shares. Xcel Energy Inc. has a 12-month low of $34.33 and a 12-month high of $45.42. The stock has a market cap of $20.04 billion, a price-to-earnings ratio of 18.71 and a beta of 0.13. The company has a 50 day moving average of $41.48 and a 200-day moving average of $41.96.
Xcel Energy (NYSE:XEL) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by $0.01. The business earned $2.50 billion during the quarter, compared to the consensus estimate of $2.52 billion. Xcel Energy had a return on equity of 10.10% and a net margin of 9.92%. The business’s revenue was down .6% on a year-over-year basis. During the same period last year, the company earned $0.39 EPS. Analysts forecast that Xcel Energy Inc. will post $2.20 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 20th. Stockholders of record on Thursday, September 15th will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date is Tuesday, September 13th. Xcel Energy’s dividend payout ratio (DPR) is 64.46%.
Several analysts have weighed in on the company. Zacks Investment Research cut Xcel Energy from a “buy” rating to a “sell” rating in a report on Friday, July 15th. SunTrust Banks Inc. lowered their price target on Xcel Energy from $42.00 to $41.00 and set a “neutral” rating on the stock in a report on Monday, August 29th. JPMorgan Chase & Co. raised Xcel Energy from a “neutral” rating to an “overweight” rating and raised their price target for the company from $39.00 to $47.00 in a report on Thursday, June 16th. Finally, Argus reaffirmed a “buy” rating and issued a $48.00 price target on shares of Xcel Energy in a report on Monday, September 26th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. 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 company’s stock in a transaction dated 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 transaction, the executive vice president now owns 79,404 shares of the company’s stock, valued at C$3,307,970.64. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.20% of the stock is owned by insiders.
About Xcel Energy
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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