SNS Financial Group LLC decreased its position in Xcel Energy Inc (NYSE:XEL) by 29.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 6,072 shares of the utilities provider’s stock after selling 2,552 shares during the period. SNS Financial Group LLC’s holdings in Xcel Energy were worth $293,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. grew its holdings in shares of Xcel Energy by 0.4% in the 4th quarter. BlackRock Inc. now owns 42,686,068 shares of the utilities provider’s stock valued at $2,053,627,000 after buying an additional 190,067 shares during the period. JPMorgan Chase & Co. lifted its position in Xcel Energy by 6.4% in 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. Ameriprise Financial Inc. lifted its position in Xcel Energy by 12.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 6,547,453 shares of the utilities provider’s stock valued at $309,800,000 after acquiring an additional 710,989 shares in the last quarter. Boston Partners lifted its position in Xcel Energy by 43.7% in the 4th quarter. Boston Partners now owns 5,126,143 shares of the utilities provider’s stock valued at $246,619,000 after acquiring an additional 1,557,929 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in Xcel Energy by 0.5% in the 4th quarter. American Century Companies Inc. now owns 5,013,517 shares of the utilities provider’s stock valued at $241,200,000 after acquiring an additional 24,596 shares in the last quarter. 73.96% of the stock is owned by institutional investors.
Several equities research analysts recently commented on the stock. Morgan Stanley boosted their price objective on shares of Xcel Energy from $50.00 to $53.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 13th. SunTrust Banks set a $43.00 price objective on shares of Xcel Energy and gave the company a “hold” rating in a research report on Monday, February 12th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $49.00 price objective on shares of Xcel Energy in a research report on Thursday, February 1st. ValuEngine raised shares of Xcel Energy from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Finally, Bank of America cut their price objective on shares of Xcel Energy from $49.00 to $47.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. Nine analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $48.00.
In other Xcel Energy news, EVP Marvin E. Jr. Mcdaniel sold 5,176 shares of the business’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $51.07, for a total transaction of $264,338.32. Following the sale, the executive vice president now directly owns 81,371 shares of the company’s stock, valued at approximately $4,155,616.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.22% of the company’s stock.
Shares of Xcel Energy Inc (NYSE:XEL) opened at $44.68 on Monday. 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 52-week low of $41.51 and a 52-week high of $52.22. The company has a market cap of $22,940.00, a PE ratio of 19.77, a price-to-earnings-growth ratio of 3.18 and a beta of 0.12.
Xcel Energy (NYSE:XEL) last issued 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). 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 for the quarter, compared to the consensus estimate of $2.84 billion. During the same period last year, the firm earned $0.45 earnings per share. The company’s quarterly revenue was up .0% compared to the same quarter last year. sell-side analysts anticipate that Xcel Energy Inc will post 2.44 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Saturday, January 20th. Shareholders of record on Thursday, December 28th were given a dividend of $0.36 per share. The ex-dividend date was Wednesday, December 27th. This represents a $1.44 annualized dividend and a yield of 3.22%. Xcel Energy’s dividend payout ratio (DPR) is presently 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.
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