Cambridge Investment Research Advisors Inc. raised its position in Xcel Energy Inc. (NYSE:XEL) by 6.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 53,762 shares of the utilities provider’s stock after buying an additional 3,295 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Xcel Energy were worth $2,467,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Buckingham Asset Management LLC raised its stake in Xcel Energy by 0.5% in the second quarter. Buckingham Asset Management LLC now owns 5,662 shares of the utilities provider’s stock worth $260,000 after buying an additional 28 shares during the period. Neuberger Berman Group LLC raised its stake in Xcel Energy by 11.2% in the second quarter. Neuberger Berman Group LLC now owns 11,558 shares of the utilities provider’s stock worth $530,000 after buying an additional 1,168 shares during the period. Pacer Advisors Inc. raised its stake in Xcel Energy by 8.4% in the second quarter. Pacer Advisors Inc. now owns 10,865 shares of the utilities provider’s stock worth $498,000 after buying an additional 841 shares during the period. Windsor Capital Management LLC raised its stake in Xcel Energy by 0.4% in the second quarter. Windsor Capital Management LLC now owns 14,144 shares of the utilities provider’s stock worth $648,000 after buying an additional 58 shares during the period. Finally, USS Investment Management Ltd raised its stake in Xcel Energy by 3.4% in the second quarter. USS Investment Management Ltd now owns 139,882 shares of the utilities provider’s stock worth $6,418,000 after buying an additional 4,600 shares during the period. 73.03% of the stock is owned by institutional investors.

Xcel Energy Inc. (NYSE XEL) opened at 49.48 on Thursday. The firm has a market cap of $25.12 billion, a P/E ratio of 21.85 and a beta of 0.19. The stock’s 50 day moving average is $47.62 and its 200 day moving average is $45.69. Xcel Energy Inc. has a 12-month low of $38.00 and a 12-month high of $49.61.

Xcel Energy (NYSE:XEL) last issued its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.02. Xcel Energy had a return on equity of 10.42% and a net margin of 10.08%. The firm had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.63 billion. During the same quarter last year, the firm earned $0.39 EPS. Xcel Energy’s quarterly revenue was up 5.8% on a year-over-year basis. On average, equities research analysts expect that Xcel Energy Inc. will post $2.20 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, September 15th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date is Thursday, September 14th. Xcel Energy’s dividend payout ratio is presently 63.44%.

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A number of analysts recently weighed in on the stock. BidaskClub raised shares of Xcel Energy from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 23rd. Morgan Stanley upped their price objective on shares of Xcel Energy from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 10th. BMO Capital Markets upped their price objective on shares of Xcel Energy from $46.00 to $47.00 and gave the stock a “market perform” rating in a research note on Friday, July 28th. Zacks Investment Research lowered shares of Xcel Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, June 28th. Finally, Argus upped 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. Ten analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $46.67.

In other Xcel Energy news, EVP Kent T. Larson sold 10,000 shares of the stock in a transaction that occurred 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 owns 80,221 shares of the company’s stock, valued at approximately $3,790,442.25. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.22% of the company’s stock.

About Xcel Energy

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.

Institutional Ownership by Quarter for Xcel Energy (NYSE:XEL)

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