LMR Partners LLP reduced its stake in shares of Xcel Energy Inc. (NYSE:XEL) by 86.5% during the second quarter, Holdings Channel reports. The institutional investor owned 6,100 shares of the company’s stock after selling 39,014 shares during the period. LMR Partners LLP’s holdings in Xcel Energy were worth $273,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of XEL. State Street Corp increased its stake in shares of 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 in the last quarter. American Century Companies Inc. increased its stake in shares of 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 in the last quarter. Bank of Montreal Can purchased a new stake in shares of Xcel Energy during the second quarter valued at approximately $28,590,000. Canada Pension Plan Investment Board increased its stake in shares of Xcel Energy by 149.6% in the first quarter. Canada Pension Plan Investment Board now owns 530,580 shares of the company’s stock valued at $22,189,000 after buying an additional 318,000 shares in the last quarter. Finally, Acadian Asset Management LLC increased its stake in shares of Xcel Energy by 118.4% in the second quarter. Acadian Asset Management LLC now owns 581,802 shares of the company’s stock valued at $26,052,000 after buying an additional 315,369 shares in the last quarter. Institutional investors own 70.91% of the company’s stock.
Xcel Energy Inc. (NYSE:XEL) traded down 0.72% during trading on Friday, hitting $40.05. 2,539,331 shares of the company’s stock traded hands. The stock has a market cap of $20.34 billion, a P/E ratio of 18.99 and a beta of 0.13. The company’s 50 day moving average is $41.20 and its 200-day moving average is $41.90. Xcel Energy Inc. has a 12 month low of $34.33 and a 12 month high of $45.42.
Xcel Energy (NYSE:XEL) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.40 by $0.01. The firm had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.52 billion. Xcel Energy had a net margin of 9.92% and a return on equity of 10.10%. The business’s revenue was down .6% on a year-over-year basis. During the same period last year, the company posted $0.39 earnings per share. On average, analysts predict that Xcel Energy Inc. will post $2.20 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 20th. Investors 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 yield of 3.40%. The ex-dividend date of this dividend is Tuesday, September 13th. Xcel Energy’s payout ratio is currently 64.46%.
Several analysts have recently commented on XEL shares. Zacks Investment Research downgraded Xcel Energy from a “buy” rating to a “sell” rating in a research note on Friday, July 15th. Argus restated a “buy” rating and issued a $48.00 target price on shares of Xcel Energy in a research note on Monday, September 26th. SunTrust Banks Inc. reduced their target price on Xcel Energy from $42.00 to $41.00 and set a “neutral” rating for the company in a research note on Monday, August 29th. Finally, JPMorgan Chase & Co. set a $49.00 price target on Xcel Energy and gave the company a “buy” rating in a research note on Thursday, September 8th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Xcel Energy currently has a consensus rating of “Hold” and a consensus target price of C$43.25.
In related news, EVP Marvin E. Jr. Mcdaniel sold 11,900 shares of the stock in a transaction dated Friday, August 26th. The shares were 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 directly owns 79,404 shares of the company’s stock, valued at C$3,307,970.64. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.20% of the stock is currently owned by corporate 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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