Aberdeen Asset Management PLC UK boosted its holdings in Xcel Energy Inc. (NYSE:XEL) by 24.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 176,180 shares of the utilities provider’s stock after purchasing an additional 34,113 shares during the period. Aberdeen Asset Management PLC UK’s holdings in Xcel Energy were worth $8,084,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the business. BlackRock Inc. boosted its position in Xcel Energy by 2,692.8% in the first quarter. BlackRock Inc. now owns 41,639,955 shares of the utilities provider’s stock worth $1,850,897,000 after purchasing an additional 40,148,954 shares during the last quarter. Vanguard Group Inc. boosted its position in Xcel Energy by 3.4% in the first quarter. Vanguard Group Inc. now owns 35,162,997 shares of the utilities provider’s stock worth $1,562,996,000 after purchasing an additional 1,152,946 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Xcel Energy by 12.6% in the second quarter. JPMorgan Chase & Co. now owns 28,507,015 shares of the utilities provider’s stock worth $1,307,902,000 after purchasing an additional 3,187,095 shares during the last quarter. FMR LLC boosted its position in Xcel Energy by 10.2% in the first quarter. FMR LLC now owns 17,771,752 shares of the utilities provider’s stock worth $789,955,000 after purchasing an additional 1,644,276 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in Xcel Energy by 0.6% in the second quarter. Franklin Resources Inc. now owns 13,899,928 shares of the utilities provider’s stock worth $637,728,000 after purchasing an additional 85,566 shares during the last quarter. 73.05% of the stock is currently owned by institutional investors and hedge funds.
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Several research firms have weighed in on XEL. Zacks Investment Research cut Xcel Energy from a “buy” rating to a “hold” rating in a research report on Thursday, June 15th. Morgan Stanley boosted their price objective on Xcel Energy from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Friday, September 8th. BidaskClub lowered Xcel Energy from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 24th. Argus boosted their target price on Xcel Energy from $50.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, June 14th. Finally, BMO Capital Markets boosted their target price on Xcel Energy from $46.00 to $47.00 and gave the company a “market perform” rating in a research note on Friday, July 28th. Ten research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $46.82.
Xcel Energy Inc. (XEL) opened at 48.80 on Thursday. The firm has a market capitalization of $24.78 billion, a P/E ratio of 21.55 and a beta of 0.20. Xcel Energy Inc. has a 12 month low of $38.00 and a 12 month high of $50.56. The stock’s 50 day moving average price is $48.75 and its 200-day moving average price is $46.35.
Xcel Energy (NYSE:XEL) last released its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.02. The business had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.63 billion. Xcel Energy had a net margin of 10.08% and a return on equity of 10.42%. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.39 EPS. Equities analysts forecast that Xcel Energy Inc. will post $2.20 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, September 15th will be paid a $0.36 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.44 dividend on an annualized basis and a yield of 2.93%. Xcel Energy’s dividend payout ratio is presently 63.44%.
In other news, EVP Kent T. Larson sold 10,000 shares of the business’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $47.25, for a total transaction of $472,500.00. Following the transaction, the executive vice president now directly owns 80,221 shares in the company, valued at $3,790,442.25. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Daniel Yohannes purchased 1,000 shares of the company’s stock in a transaction dated Tuesday, September 5th. The shares were purchased at an average price of $49.53 per share, for a total transaction of $49,530.00. Following the completion of the purchase, the director now owns 1,000 shares of the company’s stock, valued at $49,530. The disclosure for this purchase can be found here. Insiders own 0.22% of the company’s stock.
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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