HighTower Advisors LLC Boosts Stake in Xcel Energy Inc. (XEL)
HighTower Advisors LLC lifted its position in shares of Xcel Energy Inc. (NYSE:XEL) by 26.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 104,129 shares of the utilities provider’s stock after purchasing an additional 21,914 shares during the period. HighTower Advisors LLC’s holdings in Xcel Energy were worth $4,784,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Parallel Advisors LLC lifted its holdings in Xcel Energy by 1.6% during the 2nd 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. boosted its stake 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 purchasing an additional 300 shares during the period. Sandy Spring Bank boosted its stake in Xcel Energy by 24.8% in the 2nd quarter. Sandy Spring Bank now owns 2,401 shares of the utilities provider’s stock valued at $110,000 after purchasing an additional 477 shares during the period. Dupont Capital Management Corp acquired a new position in Xcel Energy in the 2nd quarter valued at $135,000. Finally, Sharkey Howes & Javer grew its holdings in Xcel Energy by 0.5% in the 2nd quarter. Sharkey Howes & Javer now owns 3,010 shares of the utilities provider’s stock valued at $138,000 after buying an additional 16 shares in the last quarter. Institutional investors own 72.45% of the company’s stock.
Shares of Xcel Energy Inc. (XEL) traded down 0.78% on Tuesday, hitting $46.99. The company had a trading volume of 192,528 shares. Xcel Energy Inc. has a 1-year low of $38.00 and a 1-year high of $50.56. The firm has a market capitalization of $23.86 billion, a price-to-earnings ratio of 20.75 and a beta of 0.19. The company has a 50 day moving average price of $48.84 and a 200 day moving average price of $46.81.
Xcel Energy (NYSE:XEL) last posted its earnings results on Thursday, July 27th. The utilities provider reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $2.63 billion. During the same quarter in the prior year, the business posted $0.39 earnings per share. The business’s quarterly revenue was up 5.8% on a year-over-year basis. On average, equities analysts forecast that Xcel Energy Inc. will post $2.20 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, September 15th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 3.04%. The ex-dividend date of this dividend is Thursday, September 14th. Xcel Energy’s dividend payout ratio (DPR) is presently 63.44%.
In related news, Director Daniel Yohannes bought 1,000 shares of the business’s stock in a transaction on Tuesday, September 5th. The stock was acquired at an average price of $49.53 per share, for a total transaction of $49,530.00. Following the purchase, the director now directly owns 1,000 shares in the company, valued at $49,530. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kent T. Larson sold 10,000 shares of Xcel Energy stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $47.25, for a total value of $472,500.00. Following the transaction, the executive vice president now directly 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. Insiders own 0.22% of the company’s stock.
A number of equities research analysts have recently weighed in on XEL shares. Argus lifted their target price on Xcel Energy from $50.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, June 14th. Jefferies Group LLC reissued a “hold” rating and issued a $50.00 target price on shares of Xcel Energy in a research report on Thursday, August 31st. Zacks Investment Research upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research note on Thursday, June 22nd. BidaskClub downgraded shares of Xcel Energy from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Finally, Morgan Stanley upped their price target on shares of Xcel Energy from $46.00 to $48.00 and gave the company an “equal weight” rating in a research note on Friday, September 8th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Xcel Energy currently has an average rating of “Hold” and a consensus price target of $48.33.
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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