Glenmede Trust Co. NA Has $340,000 Stake in Xcel Energy Inc. (XEL)
Glenmede Trust Co. NA continued to hold its stake in shares of Xcel Energy Inc. (NYSE:XEL) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,381 shares of the utilities provider’s stock at the end of the first quarter. Glenmede Trust Co. NA’s holdings in Xcel Energy were worth $340,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of Xcel Energy by 2,692.8% in the first quarter. BlackRock Inc. now owns 41,639,955 shares of the utilities provider’s stock valued at $1,850,897,000 after buying an additional 40,148,954 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Xcel Energy by 3.4% in the first quarter. Vanguard Group Inc. now owns 35,162,997 shares of the utilities provider’s stock valued at $1,562,996,000 after buying an additional 1,152,946 shares in the last quarter. FMR LLC boosted its position in shares of Xcel Energy by 10.2% in the first quarter. FMR LLC now owns 17,771,752 shares of the utilities provider’s stock valued at $789,955,000 after buying an additional 1,644,276 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Xcel Energy by 2.0% in the first quarter. Wellington Management Group LLP now owns 11,536,713 shares of the utilities provider’s stock valued at $512,808,000 after buying an additional 222,533 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Xcel Energy by 6.9% in the first quarter. Geode Capital Management LLC now owns 5,063,694 shares of the utilities provider’s stock valued at $224,766,000 after buying an additional 325,049 shares in the last quarter. Institutional investors own 72.03% of the company’s stock.
Xcel Energy Inc. (XEL) traded up 0.50% during trading on Tuesday, hitting $48.44. 1,632,913 shares of the company were exchanged. Xcel Energy Inc. has a 12 month low of $38.00 and a 12 month high of $48.50. The stock’s 50-day moving average is $46.76 and its 200-day moving average is $44.86. The company has a market capitalization of $24.60 billion, a price-to-earnings ratio of 21.39 and a beta of 0.19.
Xcel Energy (NYSE:XEL) last released its quarterly earnings results on Thursday, July 27th. The utilities provider reported $0.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.02. The firm had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.63 billion. Xcel Energy had a return on equity of 10.42% and a net margin of 10.08%. Xcel Energy’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.39 EPS. Equities research analysts anticipate that Xcel Energy Inc. will post $2.20 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, July 20th. Shareholders of record on Thursday, June 15th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date was Tuesday, June 13th. Xcel Energy’s dividend payout ratio is presently 63.44%.
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Several analysts have recently commented on the stock. BidaskClub upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. BMO Capital Markets raised their price objective on shares of Xcel Energy from $46.00 to $47.00 and gave the company a “market perform” rating in a research report on Friday, July 28th. Zacks Investment Research downgraded shares of Xcel Energy from a “buy” rating to a “hold” rating in a report on Wednesday, June 28th. Argus lifted their price objective on shares of Xcel Energy from $50.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday, June 14th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $48.00 price objective on shares of Xcel Energy in a research note on Friday, June 9th. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $46.73.
In other Xcel Energy news, EVP Kent T. Larson sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $47.25, for a total value of $472,500.00. Following the completion of the transaction, the executive vice president now owns 80,221 shares in the company, valued at approximately $3,790,442.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.22% of the stock is owned by corporate insiders.
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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