Achmea Investment Management B.V. raised its holdings in Xcel Energy Inc. (NYSE:XEL) by 44.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 133,449 shares of the utilities provider’s stock after buying an additional 40,861 shares during the period. Achmea Investment Management B.V.’s holdings in Xcel Energy were worth $6,313,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in shares of Xcel Energy by 6.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 30,317,644 shares of the utilities provider’s stock valued at $1,436,147,000 after acquiring an additional 1,810,629 shares in the last quarter. Legal & General Group Plc raised its position in Xcel Energy by 5.1% during the 3rd quarter. Legal & General Group Plc now owns 4,434,759 shares of the utilities provider’s stock worth $209,847,000 after purchasing an additional 214,654 shares during the last quarter. Great West Life Assurance Co. Can raised its position in Xcel Energy by 4.8% during the 3rd quarter. Great West Life Assurance Co. Can now owns 717,845 shares of the utilities provider’s stock worth $33,937,000 after purchasing an additional 32,830 shares during the last quarter. South Dakota Investment Council bought a new position in Xcel Energy during the 3rd quarter worth $904,000. Finally, Oppenheimer & Co. Inc. raised its position in Xcel Energy by 19.0% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 17,817 shares of the utilities provider’s stock worth $843,000 after purchasing an additional 2,850 shares during the last quarter. Institutional investors own 73.41% of the company’s stock.
Xcel Energy Inc. (NYSE XEL) traded down $0.28 during mid-day trading on Wednesday, reaching $50.80. The company’s stock had a trading volume of 2,762,300 shares, compared to its average volume of 2,595,244. The firm has a market cap of $25,936.53, a P/E ratio of 21.83, a P/E/G ratio of 4.05 and a beta of 0.21. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.87 and a quick ratio of 0.68. Xcel Energy Inc. has a fifty-two week low of $38.68 and a fifty-two week high of $52.22.
Xcel Energy (NYSE:XEL) last released its quarterly earnings results on Thursday, October 26th. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.05. The business had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $3.27 billion. Xcel Energy had a return on equity of 10.63% and a net margin of 10.40%. The company’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.90 EPS. equities research analysts expect that Xcel Energy Inc. will post 2.31 earnings per share for the current year.
Several brokerages recently issued reports on XEL. SunTrust Banks reaffirmed a “hold” rating and set a $48.00 target price on shares of Xcel Energy in a research report on Monday. ValuEngine raised Xcel Energy from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Bank of America began coverage on Xcel Energy in a research report on Tuesday, October 24th. They issued a “buy” rating and a $53.00 target price for the company. Zacks Investment Research raised Xcel Energy from a “sell” rating to a “hold” rating in a research report on Friday, October 13th. Finally, J P Morgan Chase & Co boosted their target price on Xcel Energy from $51.00 to $53.00 and gave the company an “overweight” rating in a research report on Thursday, October 12th. Nine investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Xcel Energy presently has a consensus rating of “Hold” and an average target price of $49.00.
In other news, Director Timothy V. Wolf sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $49.48, for a total value of $148,440.00. Following the transaction, the director now owns 3,700 shares in the company, valued at approximately $183,076. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Mark E. Stoering sold 20,187 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $49.66, for a total value of $1,002,486.42. Following the completion of the transaction, the insider now owns 48,424 shares in the company, valued at approximately $2,404,735.84. The disclosure for this sale can be found here. 0.22% of the stock is owned by insiders.
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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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