Xcel Energy Inc. (XEL) Shares Bought by Retirement Systems of Alabama
Retirement Systems of Alabama boosted its stake in Xcel Energy Inc. (NYSE:XEL) by 0.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 258,960 shares of the company’s stock after buying an additional 2,001 shares during the period. Retirement Systems of Alabama owned about 0.05% of Xcel Energy worth $11,596,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the company. Advisor Partners LLC boosted its position in Xcel Energy by 4.0% in the first quarter. Advisor Partners LLC now owns 7,629 shares of the company’s stock valued at $319,000 after buying an additional 292 shares during the last quarter. Bessemer Group Inc. boosted its position in Xcel Energy by 4,611.5% in the first quarter. Bessemer Group Inc. now owns 118,259 shares of the company’s stock valued at $4,945,000 after buying an additional 115,749 shares in the last quarter. USS Investment Management Ltd boosted its position in Xcel Energy by 85.8% in the first quarter. USS Investment Management Ltd now owns 159,782 shares of the company’s stock valued at $6,681,000 after buying an additional 73,774 shares in the last quarter. NN Investment Partners Holdings N.V. bought a new position in Xcel Energy during the first quarter valued at approximately $1,371,000. Finally, JPMorgan Chase & Co. boosted its position in Xcel Energy by 2.6% in the first quarter. JPMorgan Chase & Co. now owns 26,718,962 shares of the company’s stock valued at $1,117,388,000 after buying an additional 680,197 shares in the last quarter. Hedge funds and other institutional investors own 70.91% of the company’s stock.
Xcel Energy Inc. (NYSE:XEL) traded down 2.44% on Tuesday, reaching $39.59. 4,653,044 shares of the company’s stock were exchanged. The firm’s 50-day moving average is $41.78 and its 200-day moving average is $42.00. Xcel Energy Inc. has a 12 month low of $34.33 and a 12 month high of $45.42. The firm has a market cap of $20.11 billion, a PE ratio of 18.77 and a beta of 0.13.
Xcel Energy (NYSE:XEL) last released its earnings results on Wednesday, August 3rd. The company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by $0.01. The business earned $2.50 billion during the quarter, compared to the consensus estimate of $2.52 billion. Xcel Energy had a net margin of 9.92% and a return on equity of 10.10%. The firm’s revenue for the quarter was down .6% on a year-over-year basis. During the same period last year, the business posted $0.39 EPS. On average, equities analysts forecast that Xcel Energy Inc. will post $2.20 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 20th. Stockholders of record on Thursday, September 15th will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date is Tuesday, September 13th. Xcel Energy’s dividend payout ratio (DPR) is presently 64.46%.
Several research firms have recently commented on XEL. Zacks Investment Research upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a report on Tuesday, July 12th. Jefferies Group boosted their price target on shares of Xcel Energy from $42.00 to $45.00 and gave the company a “hold” rating in a report on Thursday, August 4th. Argus restated a “buy” rating and set a $48.00 price target on shares of Xcel Energy in a report on Monday, September 26th. SunTrust Banks Inc. boosted their price target on shares of Xcel Energy from $41.00 to $42.00 and gave the company a “neutral” rating in a report on Monday, September 26th. Finally, JPMorgan Chase & Co. set a $49.00 price target on shares of Xcel Energy and gave the company a “buy” rating in a report on Thursday, September 8th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. Xcel Energy currently has an average rating of “Hold” and an average price target of C$44.00.
In other news, EVP Marvin E. Jr. Mcdaniel sold 11,900 shares of Xcel Energy stock in a transaction dated Friday, August 26th. The shares were sold at an average price of C$41.66, for a total value of C$495,754.00. Following the completion of the transaction, the executive vice president now owns 79,404 shares of the company’s stock, valued at approximately C$3,307,970.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.20% of the stock is currently owned by insiders.
About Xcel Energy
Xcel Energy Inc is a public utility holding company. The Company’s operations include activity of four utility subsidiaries that serve electric and natural gas customers. Its segments are regulated electric utility, regulated natural gas utility and all other. The regulated electric utility segment generates, transmits and distributes electricity in Minnesota, Wisconsin, Michigan, North Dakota, South Dakota, Colorado, Texas and New Mexico.
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