Alley Co LLC raised its position in shares of Xcel Energy Inc. (NYSE:XEL) by 2.1% during the second quarter, Holdings Channel reports. The fund owned 71,262 shares of the company’s stock after buying an additional 1,453 shares during the period. Alley Co LLC’s holdings in Xcel Energy were worth $3,191,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of XEL. City Holding Co. boosted its position 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 acquired a new position in Xcel Energy during the second quarter worth about $125,000. Financial Architects Inc boosted its position 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. Williams Jones & Associates LLC acquired a new position in Xcel Energy during the first quarter worth about $205,000. Finally, Raymond James Trust N.A. acquired a new position in Xcel Energy during the second quarter worth about $210,000. Institutional investors own 70.91% of the company’s stock.
Shares of Xcel Energy Inc. (NYSE:XEL) traded down 0.72% during midday trading on Friday, hitting $40.05. The company had a trading volume of 2,539,331 shares. Xcel Energy Inc. has a 12 month low of $34.33 and a 12 month high of $45.42. The company has a 50-day moving average of $41.20 and a 200 day moving average of $41.90. The firm has a market capitalization of $20.34 billion, a PE ratio of 18.99 and a beta of 0.13.
Xcel Energy (NYSE:XEL) last posted its earnings results on Wednesday, August 3rd. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by $0.01. The business had revenue of $2.50 billion for 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%. Xcel Energy’s revenue was down .6% compared to the same quarter last year. During the same period last year, the business earned $0.39 EPS. On average, analysts expect that Xcel Energy Inc. will post $2.20 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 20th. Shareholders of record on Thursday, September 15th will be paid a dividend of $0.34 per share. The ex-dividend date is Tuesday, September 13th. This represents a $1.36 annualized dividend and a yield of 3.40%. Xcel Energy’s dividend payout ratio (DPR) is 64.46%.
Several equities research 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 target price on Xcel Energy from $42.00 to $41.00 and set a “neutral” rating for the company in a report on Monday, August 29th. Argus reiterated a “buy” rating and issued a $48.00 target price on shares of Xcel Energy in a report on Monday, September 26th. Finally, Jefferies Group upped their target price on Xcel Energy from $42.00 to $45.00 and gave the stock a “hold” rating in a report on Thursday, August 4th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of C$43.25.
In other Xcel Energy 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 transaction 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.20% of the company’s stock.
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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