Duff & Phelps Investment Management Co. maintained its stake in Xcel Energy Inc. (NYSE:XEL) during the second quarter, Holdings Channel reports. The institutional investor owned 2,000,000 shares of the company’s stock at the end of the second quarter. Xcel Energy comprises approximately 1.3% of Duff & Phelps Investment Management Co.’s portfolio, making the stock its 18th largest position. Duff & Phelps Investment Management Co.’s holdings in Xcel Energy were worth $89,560,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. NN Investment Partners Holdings N.V. bought a new stake in Xcel Energy during the first quarter worth approximately $1,371,000. M&T Bank Corp boosted its stake in shares of Xcel Energy by 12.9% in the first quarter. M&T Bank Corp now owns 69,645 shares of the company’s stock worth $2,913,000 after buying an additional 7,944 shares during the last quarter. Credit Agricole S A boosted its stake in shares of Xcel Energy by 20.2% in the first quarter. Credit Agricole S A now owns 1,108,722 shares of the company’s stock worth $46,365,000 after buying an additional 186,342 shares during the last quarter. Canada Pension Plan Investment Board boosted 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 worth $22,189,000 after buying an additional 318,000 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Xcel Energy during the first quarter worth about $1,038,000. 70.93% of the stock is currently owned by institutional investors.
Shares of Xcel Energy Inc. (NYSE:XEL) traded up 0.50% on Tuesday, reaching $40.54. 2,721,311 shares of the company traded hands. The stock has a 50-day moving average price of $41.17 and a 200 day moving average price of $41.90. The firm has a market capitalization of $20.59 billion, a P/E ratio of 19.22 and a beta of 0.13. Xcel Energy Inc. has a 1-year low of $34.33 and a 1-year high of $45.42.
Xcel Energy (NYSE:XEL) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.39 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by $0.01. Xcel Energy had a return on equity of 10.10% and a net margin of 9.92%. The business earned $2.50 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter in the previous year, the business posted $0.39 earnings per share. The firm’s revenue was down .6% on a year-over-year basis. Analysts anticipate that Xcel Energy Inc. will post $2.20 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 20th. Shareholders 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 yield of 3.35%. Xcel Energy’s payout ratio is presently 64.46%.
A number of equities research analysts have issued reports on XEL shares. JPMorgan Chase & Co. set a $49.00 target price on shares of Xcel Energy and gave the company a “buy” rating in a report on Thursday, September 8th. Jefferies Group boosted their target price on shares of Xcel Energy from $42.00 to $45.00 and gave the company a “hold” rating in a report on Thursday, August 4th. SunTrust Banks Inc. boosted their target price on shares of Xcel Energy from $41.00 to $42.00 and gave the company a “neutral” rating in a report on Monday, September 26th. Zacks Investment Research raised shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a report on Tuesday, July 12th. Finally, Argus reissued a “buy” rating and set a $48.00 target price on shares of Xcel Energy in a report on Monday, September 26th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of C$43.25.
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 shares were sold at an average price of C$41.66, for a total transaction of C$495,754.00. Following the sale, the executive vice president now directly owns 79,404 shares in the company, valued at approximately C$3,307,970.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.20% of the stock is currently owned by company 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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