Alliancebernstein L.P. lifted its stake in shares of Xcel Energy Inc. (NYSE:XEL) by 1.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 851,271 shares of the utilities provider’s stock after buying an additional 15,013 shares during the quarter. Alliancebernstein L.P. owned approximately 0.17% of Xcel Energy worth $39,056,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in XEL. UBS Asset Management Americas Inc. grew its position in shares of Xcel Energy by 14.2% during the first quarter. UBS Asset Management Americas Inc. now owns 2,078,637 shares of the utilities provider’s stock worth $92,395,000 after buying an additional 259,225 shares in the last quarter. Sei Investments Co. grew its position in shares of Xcel Energy by 3.8% during the first quarter. Sei Investments Co. now owns 171,620 shares of the utilities provider’s stock worth $7,628,000 after buying an additional 6,246 shares in the last quarter. Neuburgh Advisers LLC grew its position in shares of Xcel Energy by 7.4% during the first quarter. Neuburgh Advisers LLC now owns 66,528 shares of the utilities provider’s stock worth $2,957,000 after buying an additional 4,598 shares in the last quarter. Engineers Gate Manager LP acquired a new position in shares of Xcel Energy during the first quarter worth about $4,263,000. Finally, Commerce Bank grew its position in shares of Xcel Energy by 0.3% during the first quarter. Commerce Bank now owns 33,577 shares of the utilities provider’s stock worth $1,492,000 after buying an additional 112 shares in the last quarter. 73.05% of the stock is owned by institutional investors and hedge funds.
Shares of Xcel Energy Inc. (NYSE:XEL) opened at 49.08 on Friday. The stock has a market cap of $24.92 billion, a PE ratio of 21.67 and a beta of 0.20. Xcel Energy Inc. has a 52 week low of $38.00 and a 52 week high of $50.56. The firm has a 50-day moving average price of $48.91 and a 200-day moving average price of $46.43.
Xcel Energy (NYSE:XEL) last issued its earnings results on Thursday, July 27th. The utilities provider reported $0.45 EPS for the quarter, topping the consensus estimate of $0.43 by $0.02. The company had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.63 billion. Xcel Energy had a return on equity of 10.42% and a net margin of 10.08%. The business’s revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.39 EPS. On average, analysts forecast that Xcel Energy Inc. will post $2.20 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, September 15th will be given a $0.36 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.44 annualized dividend and a dividend yield of 2.93%. Xcel Energy’s payout ratio is 63.44%.
In other news, EVP Kent T. Larson sold 10,000 shares of Xcel Energy stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $47.25, for a total value of $472,500.00. Following the completion of the transaction, the executive vice president now owns 80,221 shares in the company, valued at approximately $3,790,442.25. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Daniel Yohannes bought 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The stock was purchased at an average price of $49.53 per share, with a total value of $49,530.00. Following the transaction, the director now owns 1,000 shares in the company, valued at approximately $49,530. The disclosure for this purchase can be found here. 0.22% of the stock is currently owned by company insiders.
A number of equities analysts recently issued reports on XEL shares. Zacks Investment Research downgraded Xcel Energy from a “buy” rating to a “hold” rating in a report on Thursday, June 15th. Morgan Stanley upped their price target on Xcel Energy from $46.00 to $48.00 and gave the company an “equal weight” rating in a report on Friday, September 8th. BidaskClub downgraded Xcel Energy from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 24th. Argus upped their price target on Xcel Energy from $50.00 to $53.00 and gave the company a “buy” rating in a report on Wednesday, June 14th. Finally, BMO Capital Markets upped their price target on Xcel Energy from $46.00 to $47.00 and gave the company a “market perform” rating in a report on Friday, July 28th. Ten equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Xcel Energy currently has an average rating of “Hold” and a consensus price target of $46.82.
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.
Receive News & Ratings for Xcel Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xcel Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.