Xcel Energy Inc. (XEL) Shares Bought by DekaBank Deutsche Girozentrale
DekaBank Deutsche Girozentrale boosted its position in shares of Xcel Energy Inc. (NYSE:XEL) by 9.2% during the second quarter, Holdings Channel reports. The fund owned 168,215 shares of the utilities provider’s stock after buying an additional 14,157 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Xcel Energy were worth $7,816,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Carroll Financial Associates Inc. boosted its position in Xcel Energy by 14.5% in the second quarter. Carroll Financial Associates Inc. now owns 2,365 shares of the utilities provider’s stock worth $108,000 after buying an additional 300 shares during the last quarter. Founders Capital Management purchased a new position in Xcel Energy during the first quarter worth approximately $124,000. Reilly Financial Advisors LLC boosted its position in Xcel Energy by 5.8% in the first quarter. Reilly Financial Advisors LLC now owns 2,901 shares of the utilities provider’s stock worth $129,000 after buying an additional 160 shares during the last quarter. Sharkey Howes & Javer boosted its position in Xcel Energy by 0.5% in the first quarter. Sharkey Howes & Javer now owns 2,994 shares of the utilities provider’s stock worth $133,000 after buying an additional 16 shares during the last quarter. Finally, Independent Portfolio Consultants Inc. boosted its position in Xcel Energy by 89.9% in the second quarter. Independent Portfolio Consultants Inc. now owns 3,134 shares of the utilities provider’s stock worth $144,000 after buying an additional 1,484 shares during the last quarter. Institutional investors own 72.60% of the company’s stock.
Xcel Energy Inc. (XEL) opened at 48.43 on Tuesday. The company has a market cap of $24.59 billion, a price-to-earnings ratio of 21.38 and a beta of 0.19. The company’s 50-day moving average price is $46.91 and its 200-day moving average price is $45.24. Xcel Energy Inc. has a 52-week low of $38.00 and a 52-week high of $48.72.
Xcel Energy (NYSE:XEL) last issued its quarterly earnings results on Thursday, July 27th. The utilities provider reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.02. The business had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.63 billion. Xcel Energy had a return on equity of 10.42% and a net margin of 10.08%. The business’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.39 earnings per share. Equities research analysts expect that Xcel Energy Inc. will post $2.20 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, July 20th. Stockholders of record on Thursday, June 15th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend was Tuesday, June 13th. Xcel Energy’s payout ratio is presently 63.44%.
XEL has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Xcel Energy from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research note on Wednesday, June 14th. Argus raised their target price on Xcel Energy from $50.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, June 14th. BidaskClub cut Xcel Energy from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 24th. Barclays PLC restated an “equal weight” rating and issued a $47.00 target price (up previously from $44.00) on shares of Xcel Energy in a research note on Sunday, April 23rd. Finally, Morgan Stanley raised their target price on Xcel Energy from $45.00 to $46.00 and gave the company an “equal weight” rating in a research note on Thursday, August 10th. Ten investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $46.67.
In other news, EVP Kent T. Larson sold 10,000 shares of the company’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $47.25, for a total transaction of $472,500.00. Following the transaction, the executive vice president now directly owns 80,221 shares of the company’s stock, valued at $3,790,442.25. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.22% of the company’s stock.
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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