US Bancorp DE lowered its holdings in shares of Xcel Energy Inc (NYSE:XEL) by 3.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 589,980 shares of the utilities provider’s stock after selling 23,103 shares during the quarter. US Bancorp DE owned 0.12% of Xcel Energy worth $26,833,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Swiss National Bank raised its position in Xcel Energy by 1.5% in the 4th quarter. Swiss National Bank now owns 3,017,983 shares of the utilities provider’s stock valued at $145,195,000 after buying an additional 45,900 shares during the last quarter. Candriam Luxembourg S.C.A. raised its position in Xcel Energy by 17.2% in the 4th quarter. Candriam Luxembourg S.C.A. now owns 67,170 shares of the utilities provider’s stock valued at $3,232,000 after buying an additional 9,877 shares during the last quarter. Lazard Asset Management LLC raised its position in Xcel Energy by 3.9% in the 4th quarter. Lazard Asset Management LLC now owns 1,351,511 shares of the utilities provider’s stock valued at $65,020,000 after buying an additional 50,996 shares during the last quarter. Vident Investment Advisory LLC raised its position in Xcel Energy by 28.2% in the 4th quarter. Vident Investment Advisory LLC now owns 11,277 shares of the utilities provider’s stock valued at $543,000 after buying an additional 2,481 shares during the last quarter. Finally, First National Bank of Omaha raised its position in Xcel Energy by 2.0% in the 4th quarter. First National Bank of Omaha now owns 185,658 shares of the utilities provider’s stock valued at $8,932,000 after buying an additional 3,585 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors.
Xcel Energy opened at $44.25 on Thursday, Marketbeat reports. The company has a quick ratio of 0.68, a current ratio of 0.87 and a debt-to-equity ratio of 1.27. Xcel Energy Inc has a twelve month low of $44.10 and a twelve month high of $44.64.
Xcel Energy (NYSE:XEL) last posted its quarterly earnings results on Thursday, April 26th. The utilities provider reported $0.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.06. The firm had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.98 billion. Xcel Energy had a return on equity of 10.44% and a net margin of 10.06%. The business’s revenue was up .2% compared to the same quarter last year. During the same period last year, the company earned $0.47 earnings per share. equities research analysts anticipate that Xcel Energy Inc will post 2.44 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 20th. Shareholders of record on Friday, June 15th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 3.44%.
In other Xcel Energy news, Chairman Benjamin G. S. Fowke III sold 80,000 shares of the firm’s stock in a transaction that occurred on Monday, April 30th. The stock was sold at an average price of $47.01, for a total value of $3,760,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.22% of the stock is owned by company insiders.
XEL has been the topic of a number of recent research reports. SunTrust Banks set a $42.00 target price on Xcel Energy and gave the company a “hold” rating in a research report on Wednesday, January 17th. Royal Bank of Canada reissued a “hold” rating and issued a $49.00 target price on shares of Xcel Energy in a research report on Thursday, February 1st. UBS initiated coverage on Xcel Energy in a research report on Friday, February 2nd. They issued a “neutral” rating and a $47.00 target price on the stock. Bank of America dropped their target price on Xcel Energy from $49.00 to $47.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. Finally, Morgan Stanley raised Xcel Energy from an “equal weight” rating to an “overweight” rating and set a $48.00 target price on the stock in a research report on Tuesday, February 13th. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Xcel Energy has an average rating of “Buy” and a consensus price target of $48.00.
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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