Advisory Services Network LLC Holds Holdings in Xcel Energy Inc. (XEL)
Advisory Services Network LLC maintained its position in Xcel Energy Inc. (NYSE:XEL) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,406 shares of the utilities provider’s stock at the close of the 2nd quarter. Advisory Services Network LLC’s holdings in Xcel Energy were worth $248,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the business. WINTON GROUP Ltd acquired a new stake in Xcel Energy during the second quarter worth approximately $640,000. 1st Global Advisors Inc. raised its holdings in Xcel Energy by 0.4% during the second quarter. 1st Global Advisors Inc. now owns 4,798 shares of the utilities provider’s stock worth $220,000 after purchasing an additional 17 shares in the last quarter. Nomura Holdings Inc. raised its holdings in Xcel Energy by 554.4% during the second quarter. Nomura Holdings Inc. now owns 56,540 shares of the utilities provider’s stock worth $2,597,000 after purchasing an additional 47,900 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in Xcel Energy by 25.1% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 111,713 shares of the utilities provider’s stock worth $5,125,000 after purchasing an additional 22,412 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Xcel Energy by 249.6% during the second quarter. Arrowstreet Capital Limited Partnership now owns 92,300 shares of the utilities provider’s stock worth $4,235,000 after purchasing an additional 65,900 shares in the last quarter. 72.45% of the stock is currently owned by institutional investors.
In other news, Director Daniel Yohannes purchased 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The shares were acquired at an average cost of $49.53 per share, with a total value of $49,530.00. Following the transaction, the director now owns 1,000 shares in the company, valued at approximately $49,530. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Kent T. Larson sold 10,000 shares of the company’s stock in a transaction that occurred 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 directly owns 80,221 shares in the company, valued at $3,790,442.25. The disclosure for this sale can be found here. Corporate insiders own 0.22% of the company’s stock.
A number of research firms have weighed in on XEL. Mizuho reissued a “hold” rating and set a $46.00 price objective on shares of Xcel Energy in a report on Friday, September 29th. BMO Capital Markets raised their price objective on shares of Xcel Energy from $46.00 to $47.00 and gave the stock a “market perform” rating in a report on Friday, July 28th. Royal Bank Of Canada reissued a “hold” rating and set a $48.00 price objective on shares of Xcel Energy in a report on Tuesday, October 10th. Jefferies Group LLC reissued a “hold” rating and set a $50.00 price objective on shares of Xcel Energy in a report on Friday, October 6th. Finally, Zacks Investment Research cut shares of Xcel Energy from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. Eight investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $48.67.
Xcel Energy Inc. (NYSE:XEL) opened at 49.26 on Monday. The firm has a market capitalization of $25.01 billion, a PE ratio of 21.75 and a beta of 0.19. The stock has a 50 day moving average of $48.48 and a 200-day moving average of $47.16. Xcel Energy Inc. has a one year low of $38.00 and a one year high of $50.56.
Xcel Energy (NYSE:XEL) last posted its quarterly earnings results on Thursday, July 27th. The utilities provider reported $0.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 return on equity of 10.42% and a net margin of 10.08%. The business’s revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.39 EPS. On average, equities analysts predict that Xcel Energy Inc. will post $2.20 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, October 20th. Investors of record on Friday, September 15th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend was Thursday, September 14th. Xcel Energy’s dividend payout ratio is currently 63.44%.
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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