Xcel Energy Inc. (XEL) Stake Lowered by Kennedy Capital Management Inc.
Kennedy Capital Management Inc. lessened its holdings in Xcel Energy Inc. (NYSE:XEL) by 2.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 136,995 shares of the utilities provider’s stock after selling 3,428 shares during the period. Kennedy Capital Management Inc.’s holdings in Xcel Energy were worth $6,285,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the company. BlackRock Inc. raised its holdings in shares of Xcel Energy by 2,692.8% during the first quarter. BlackRock Inc. now owns 41,639,955 shares of the utilities provider’s stock worth $1,850,897,000 after acquiring an additional 40,148,954 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Xcel Energy by 12.6% during the second quarter. JPMorgan Chase & Co. now owns 28,507,015 shares of the utilities provider’s stock worth $1,307,902,000 after acquiring an additional 3,187,095 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Xcel Energy by 367.2% during the second quarter. Principal Financial Group Inc. now owns 3,741,935 shares of the utilities provider’s stock worth $171,680,000 after acquiring an additional 2,940,959 shares in the last quarter. FMR LLC raised its holdings in shares of Xcel Energy by 10.2% during the first quarter. FMR LLC now owns 17,771,752 shares of the utilities provider’s stock worth $789,955,000 after acquiring an additional 1,644,276 shares in the last quarter. Finally, Rothschild Asset Management Inc. raised its holdings in shares of Xcel Energy by 7,489.5% during the first quarter. Rothschild Asset Management Inc. now owns 1,338,709 shares of the utilities provider’s stock worth $59,506,000 after acquiring an additional 1,321,070 shares in the last quarter. 73.05% of the stock is owned by institutional investors and hedge funds.
In other news, EVP Kent T. Larson sold 10,000 shares of the stock in a transaction dated Friday, July 28th. The shares were 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 directly 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 is available at this link. Also, Director Daniel Yohannes acquired 1,000 shares of Xcel Energy stock in a transaction dated Tuesday, September 5th. The shares were 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 $49,530. The disclosure for this purchase can be found here. Corporate insiders own 0.22% of the company’s stock.
Xcel Energy Inc. (XEL) opened at 49.53 on Wednesday. The firm’s 50-day moving average price is $48.67 and its 200 day moving average price is $46.30. Xcel Energy Inc. has a 12-month low of $38.00 and a 12-month high of $50.56. The company has a market capitalization of $25.15 billion, a price-to-earnings ratio of 21.87 and a beta of 0.20.
Xcel Energy (NYSE:XEL) last posted its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.45 EPS for the quarter, topping the Zacks’ 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 company had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.63 billion. During the same period in the prior year, the business posted $0.39 EPS. The company’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 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 dividend of $0.36 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.91%. Xcel Energy’s dividend payout ratio is 63.44%.
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Several analysts recently issued reports on the company. BMO Capital Markets increased their price objective on Xcel Energy from $46.00 to $47.00 and gave the stock a “market perform” rating in a report on Friday, July 28th. BidaskClub upgraded Xcel Energy from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 23rd. Morgan Stanley increased their price objective on Xcel Energy from $46.00 to $48.00 and gave the stock an “equal weight” rating in a report on Friday, September 8th. Jefferies Group LLC reiterated a “hold” rating and set a $48.00 price objective on shares of Xcel Energy in a report on Friday, June 9th. Finally, Zacks Investment Research lowered Xcel Energy from a “buy” rating to a “hold” rating in a report on Wednesday, June 28th. Ten 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 has a consensus rating of “Hold” and a consensus price target of $46.82.
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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