Xcel Energy Inc. (XEL) Position Lowered by SVA Plumb Wealth Management LLC
SVA Plumb Wealth Management LLC cut its position in shares of Xcel Energy Inc. (NYSE:XEL) by 3.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,505 shares of the utilities provider’s stock after selling 160 shares during the period. SVA Plumb Wealth Management LLC’s holdings in Xcel Energy were worth $207,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in XEL. Parallel Advisors LLC boosted its position in Xcel Energy by 1.6% in the 2nd quarter. Parallel Advisors LLC now owns 2,227 shares of the utilities provider’s stock valued at $105,000 after buying an additional 36 shares during the period. Carroll Financial Associates Inc. boosted its position in Xcel Energy by 14.5% in the 2nd quarter. Carroll Financial Associates Inc. now owns 2,365 shares of the utilities provider’s stock valued at $108,000 after buying an additional 300 shares during the period. Founders Capital Management purchased a new stake in Xcel Energy in the 1st quarter valued at about $124,000. Sharkey Howes & Javer boosted its position in Xcel Energy by 0.5% in the 1st quarter. Sharkey Howes & Javer now owns 2,994 shares of the utilities provider’s stock valued at $133,000 after buying an additional 16 shares during the period. Finally, Dupont Capital Management Corp purchased a new stake in Xcel Energy in the 2nd quarter valued at about $135,000. 73.05% of the stock is owned by hedge funds and other institutional investors.
XEL has been the subject of several research reports. Jefferies Group LLC reissued a “hold” rating and issued a $50.00 price objective on shares of Xcel Energy in a research report on Thursday, August 31st. BidaskClub raised shares of Xcel Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Morgan Stanley boosted their price objective on shares of Xcel Energy from $45.00 to $46.00 and gave the company an “equal weight” rating in a research report on Thursday, August 10th. Zacks Investment Research raised shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research report on Thursday, June 22nd. Finally, BMO Capital Markets boosted 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. Ten equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Xcel Energy currently has an average rating of “Hold” and a consensus target price of $46.82.
Shares of Xcel Energy Inc. (XEL) traded down 0.73% during midday trading on Wednesday, hitting $49.17. 534,204 shares of the stock traded hands. The stock has a 50-day moving average of $48.67 and a 200-day moving average of $46.30. The company has a market cap of $24.97 billion, a price-to-earnings ratio of 21.71 and a beta of 0.20. Xcel Energy Inc. has a 52-week low of $38.00 and a 52-week high of $50.56.
Xcel Energy (NYSE:XEL) last posted its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.02. Xcel Energy had a net margin of 10.08% and a return on equity of 10.42%. The business 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 posted $0.39 earnings per share. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. On average, equities analysts predict that Xcel Energy Inc. will post $2.20 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, September 15th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend is Thursday, September 14th. Xcel Energy’s payout ratio is 63.44%.
In other Xcel Energy news, Director Daniel Yohannes acquired 1,000 shares of the stock in a transaction dated Tuesday, September 5th. The stock was acquired at an average price of $49.53 per share, with a total value of $49,530.00. Following the completion of the purchase, the director now owns 1,000 shares in the company, valued at approximately $49,530. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Kent T. Larson sold 10,000 shares of Xcel Energy 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 completion of the transaction, the executive vice president now owns 80,221 shares of the company’s stock, valued at approximately $3,790,442.25. The disclosure for this sale can be found here. Company insiders own 0.22% of the company’s stock.
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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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