Private Advisor Group LLC decreased its stake in shares of Xcel Energy Inc (NYSE:XEL) by 47.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 6,522 shares of the utilities provider’s stock after selling 5,775 shares during the period. Private Advisor Group LLC’s holdings in Xcel Energy were worth $309,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of Xcel Energy by 2.7% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 304,812 shares of the utilities provider’s stock worth $14,424,000 after buying an additional 8,000 shares during the period. Candriam Luxembourg S.C.A. boosted its holdings in shares of Xcel Energy by 8.1% during the 3rd quarter. Candriam Luxembourg S.C.A. now owns 57,293 shares of the utilities provider’s stock worth $2,711,000 after buying an additional 4,315 shares during the period. Norinchukin Bank The boosted its holdings in shares of Xcel Energy by 7.3% during the 3rd quarter. Norinchukin Bank The now owns 37,794 shares of the utilities provider’s stock worth $1,788,000 after buying an additional 2,557 shares during the period. Steward Partners Investment Advisory LLC bought a new stake in shares of Xcel Energy during the 3rd quarter worth about $505,000. Finally, Swiss National Bank boosted its holdings in shares of Xcel Energy by 1.5% during the 4th quarter. Swiss National Bank now owns 3,017,983 shares of the utilities provider’s stock worth $145,195,000 after buying an additional 45,900 shares during the period. 73.96% of the stock is owned by institutional investors and hedge funds.
Several analysts recently commented on XEL shares. ValuEngine raised shares of Xcel Energy from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research raised shares of Xcel Energy from a “sell” rating to a “hold” rating in a report on Monday, January 15th. Morgan Stanley lifted their target price on shares of Xcel Energy from $50.00 to $53.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 13th. SunTrust Banks reaffirmed a “hold” rating and set a $44.00 target price on shares of Xcel Energy in a report on Tuesday, December 26th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $49.00 target price on shares of Xcel Energy in a report on Thursday, February 1st. Nine investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Xcel Energy presently has an average rating of “Hold” and a consensus price target of $48.00.
Xcel Energy (NYSE:XEL) last issued its quarterly earnings data on Wednesday, February 7th. The utilities provider reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.01). Xcel Energy had a return on equity of 10.44% and a net margin of 10.06%. The business had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.84 billion. During the same quarter last year, the firm earned $0.45 EPS. Xcel Energy’s revenue for the quarter was up .0% compared to the same quarter last year. equities analysts expect that Xcel Energy Inc will post 2.44 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 20th. Shareholders of record on Thursday, March 15th will be paid a $0.38 dividend. This is a boost from Xcel Energy’s previous quarterly dividend of $0.36. The ex-dividend date is Wednesday, March 14th. This represents a $1.52 annualized dividend and a yield of 3.51%. Xcel Energy’s payout ratio is 62.61%.
In other Xcel Energy news, EVP Marvin E. Jr. Mcdaniel sold 5,176 shares of Xcel Energy stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $51.07, for a total value of $264,338.32. Following the completion of the sale, the executive vice president now owns 81,371 shares in the company, valued at approximately $4,155,616.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.22% of the stock is owned by insiders.
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.
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