Creative Planning Buys 5,601 Shares of Xcel Energy Inc (XEL)

Creative Planning boosted its stake in shares of Xcel Energy Inc (NYSE:XEL) by 5.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 104,444 shares of the utilities provider’s stock after buying an additional 5,601 shares during the period. Creative Planning’s holdings in Xcel Energy were worth $5,025,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. 1st Global Advisors Inc. raised its holdings in Xcel Energy by 0.4% during the 2nd quarter. 1st Global Advisors Inc. now owns 4,798 shares of the utilities provider’s stock valued at $220,000 after buying an additional 17 shares during the period. Veritable L.P. raised its holdings in Xcel Energy by 1.1% during the 2nd quarter. Veritable L.P. now owns 14,959 shares of the utilities provider’s stock valued at $686,000 after buying an additional 162 shares during the period. Eaton Vance Management raised its holdings in Xcel Energy by 0.8% during the 2nd quarter. Eaton Vance Management now owns 22,487 shares of the utilities provider’s stock valued at $1,032,000 after buying an additional 185 shares during the period. Nordea Investment Management AB increased its stake in Xcel Energy by 0.8% in the second quarter. Nordea Investment Management AB now owns 24,187 shares of the utilities provider’s stock worth $1,110,000 after purchasing an additional 193 shares during the period. Finally, Carret Asset Management LLC increased its stake in Xcel Energy by 1.5% in the second quarter. Carret Asset Management LLC now owns 13,685 shares of the utilities provider’s stock worth $628,000 after purchasing an additional 200 shares during the period. Institutional investors own 73.57% of the company’s stock.

In other news, EVP Marvin E. Jr. Mcdaniel sold 5,176 shares of the firm’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $51.07, for a total transaction of $264,338.32. Following the transaction, the executive vice president now owns 81,371 shares in the company, valued at $4,155,616.97. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.22% of the company’s stock.

A number of research firms have weighed in on XEL. Bank of America set a $47.00 target price on Xcel Energy and gave the stock a “buy” rating in a research note on Thursday. SunTrust Banks set a $43.00 target price on Xcel Energy and gave the stock a “hold” rating in a research note on Monday, February 5th. UBS Group began coverage on Xcel Energy in a research note on Friday, February 2nd. They issued a “neutral” rating and a $47.00 target price on the stock. Royal Bank of Canada reiterated a “hold” rating and issued a $49.00 target price on shares of Xcel Energy in a research note on Thursday, February 1st. Finally, Zacks Investment Research upgraded Xcel Energy from a “sell” rating to a “hold” rating in a research note on Monday, January 15th. Ten research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Xcel Energy currently has a consensus rating of “Hold” and a consensus price target of $48.42.

Shares of Xcel Energy Inc (XEL) traded up $0.91 during trading on Friday, hitting $43.35. The stock had a trading volume of 5,076,957 shares, compared to its average volume of 3,600,000. The stock has a market capitalization of $22,010.00, a price-to-earnings ratio of 19.18, a P/E/G ratio of 3.32 and a beta of 0.12. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.68 and a current ratio of 0.87. Xcel Energy Inc has a 1 year low of $41.16 and a 1 year high of $52.22.

Xcel Energy (NYSE:XEL) last announced its quarterly earnings results on Wednesday, February 7th. The utilities provider reported $0.42 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.01). The firm had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.84 billion. Xcel Energy had a net margin of 10.40% and a return on equity of 10.63%. The business’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.45 EPS. research analysts forecast that Xcel Energy Inc will post 2.31 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Saturday, January 20th. Stockholders of record on Thursday, December 28th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Wednesday, December 27th. This represents a $1.44 annualized dividend and a dividend yield of 3.32%. Xcel Energy’s dividend payout ratio is currently 63.72%.

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Xcel Energy 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.

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

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