Coastline Trust Co Has $520,000 Holdings in Xcel Energy Inc. (XEL)
Coastline Trust Co held its stake in shares of Xcel Energy Inc. (NYSE:XEL) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,325 shares of the utilities provider’s stock at the end of the 2nd quarter. Coastline Trust Co’s holdings in Xcel Energy were worth $520,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also modified their holdings of the company. Parallel Advisors LLC grew its stake in shares of Xcel Energy by 1.6% in the second quarter. Parallel Advisors LLC now owns 2,227 shares of the utilities provider’s stock worth $105,000 after purchasing an additional 36 shares during the last quarter. Carroll Financial Associates Inc. grew its stake in shares of 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 purchasing an additional 300 shares during the last quarter. Founders Capital Management bought a new stake in shares of Xcel Energy in the first quarter worth $124,000. Dupont Capital Management Corp bought a new stake in shares of Xcel Energy in the second quarter worth $135,000. Finally, Sharkey Howes & Javer grew its stake in shares of 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 purchasing an additional 16 shares during the last quarter. 73.05% of the stock is currently owned by institutional investors.
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Several brokerages recently weighed in on XEL. Morgan Stanley boosted their price objective on shares of Xcel Energy from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Friday, September 8th. Jefferies Group LLC restated a “hold” rating and issued a $50.00 target price on shares of Xcel Energy in a report on Thursday, August 31st. BidaskClub upgraded shares of Xcel Energy from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 23rd. Zacks Investment Research upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a report on Thursday, June 22nd. Finally, BMO Capital Markets boosted their target price on shares of Xcel Energy from $46.00 to $47.00 and gave the company a “market perform” rating in a report on Friday, July 28th. Ten equities research analysts have rated the stock with a hold rating, one has assigned 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 a consensus price target of $46.82.
In other Xcel Energy news, EVP Kent T. Larson sold 10,000 shares of the firm’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $47.25, for a total value of $472,500.00. Following the sale, the executive vice president now owns 80,221 shares of the company’s stock, valued at approximately $3,790,442.25. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Daniel Yohannes purchased 1,000 shares of the business’s stock in a transaction on Tuesday, September 5th. The stock was purchased at an average cost of $49.53 per share, for a total transaction of $49,530.00. Following the acquisition, the director now owns 1,000 shares in the company, valued at $49,530. The disclosure for this purchase can be found here. 0.22% of the stock is owned by company insiders.
Xcel Energy Inc. (XEL) opened at 49.53 on Wednesday. The company has a 50-day moving average of $48.67 and a 200 day moving average of $46.30. The firm has a market cap of $25.15 billion, a price-to-earnings ratio of 21.87 and a beta of 0.20. Xcel Energy Inc. has a 12-month low of $38.00 and a 12-month high of $50.56.
Xcel Energy (NYSE:XEL) last announced 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 analyst estimates of $2.63 billion. Xcel Energy had a net margin of 10.08% and a return on equity of 10.42%. The company’s revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.39 EPS. Equities analysts expect that Xcel Energy Inc. will post $2.20 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, September 15th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date of this dividend is Thursday, September 14th. Xcel Energy’s dividend payout ratio (DPR) is presently 63.44%.
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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