Financial Counselors Inc. Sells 666 Shares of Xcel Energy Inc. (XEL)

Financial Counselors Inc. cut its position in Xcel Energy Inc. (NYSE:XEL) by 11.2% during the first quarter, Holdings Channel reports. The firm owned 5,272 shares of the utilities provider’s stock after selling 666 shares during the period. Financial Counselors Inc.’s holdings in Xcel Energy were worth $234,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Founders Capital Management acquired a new position in Xcel Energy during the first quarter worth $124,000. Reilly Financial Advisors LLC boosted its position in Xcel Energy by 5.8% in the first quarter. Reilly Financial Advisors LLC now owns 2,901 shares of the utilities provider’s stock worth $129,000 after buying an additional 160 shares in the last quarter. Sharkey Howes & Javer boosted its position in Xcel Energy by 0.5% in the first quarter. Sharkey Howes & Javer now owns 2,994 shares of the utilities provider’s stock worth $133,000 after buying an additional 16 shares in the last quarter. North Star Investment Management Corp. boosted its position in Xcel Energy by 186.8% in the first quarter. North Star Investment Management Corp. now owns 3,685 shares of the utilities provider’s stock worth $164,000 after buying an additional 2,400 shares in the last quarter. Finally, JNBA Financial Advisors boosted its position in Xcel Energy by 23.9% in the first quarter. JNBA Financial Advisors now owns 3,957 shares of the utilities provider’s stock worth $176,000 after buying an additional 763 shares in the last quarter. 72.14% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Xcel Energy (NYSE:XEL)

Shares of Xcel Energy Inc. (NYSE:XEL) traded up 0.08% during trading on Tuesday, hitting $47.63. The stock had a trading volume of 722,224 shares. The firm has a market cap of $24.18 billion, a price-to-earnings ratio of 21.61 and a beta of 0.18. The stock has a 50-day moving average of $46.48 and a 200 day moving average of $43.45. Xcel Energy Inc. has a 12-month low of $38.00 and a 12-month high of $48.50.

Xcel Energy (NYSE:XEL) last issued its earnings results on Thursday, April 27th. The utilities provider reported $0.47 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by $0.03. Xcel Energy had a return on equity of 10.24% and a net margin of 9.94%. The company had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same period in the previous year, the company earned $0.47 EPS. Xcel Energy’s quarterly revenue was up 6.3% on a year-over-year basis. On average, analysts predict that Xcel Energy Inc. will post $2.20 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 20th. Stockholders of record on Thursday, June 15th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend is Tuesday, June 13th. Xcel Energy’s payout ratio is 65.16%.

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A number of equities analysts have recently weighed in on the company. Argus increased their price target on Xcel Energy from $50.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, June 14th. Zacks Investment Research upgraded Xcel Energy from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a report on Wednesday, June 14th. Jefferies Group LLC restated a “hold” rating and set a $48.00 target price on shares of Xcel Energy in a report on Friday, June 9th. Royal Bank Of Canada restated a “hold” rating and set a $45.00 target price on shares of Xcel Energy in a report on Friday, March 17th. Finally, Deutsche Bank AG raised their target price on Xcel Energy from $44.00 to $45.00 and gave the company a “hold” rating in a report on Tuesday, April 11th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Xcel Energy currently has an average rating of “Hold” and an average price target of $47.33.

Xcel Energy Company Profile

Xcel Energy Inc is a public utility holding company. The Company’s operations include the activity of four utility subsidiaries that serve electric and natural gas customers in eight states. The Company’s segments include regulated electric utility, regulated natural gas utility and all other. The Company’s utility subsidiaries include NSP-Minnesota, NSP-Wisconsin, Public Service Company of Colorado (PSCo) and Southwestern Public Service Co (SPS), which serve customers in portions of Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “XEL”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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