Xcel Energy Inc. (XEL) Shares Sold by BNP Paribas Arbitrage SA
BNP Paribas Arbitrage SA lowered its stake in shares of Xcel Energy Inc. (NYSE:XEL) by 26.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 482,737 shares of the utilities provider’s stock after selling 173,695 shares during the period. BNP Paribas Arbitrage SA owned about 0.10% of Xcel Energy worth $22,843,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in XEL. Boston Partners boosted its holdings in Xcel Energy by 27,248.9% during the third quarter. Boston Partners now owns 3,568,214 shares of the utilities provider’s stock worth $168,848,000 after buying an additional 3,555,167 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in 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 buying an additional 3,187,095 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in 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 buying an additional 2,940,959 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Xcel Energy by 72.2% in the second quarter. Ameriprise Financial Inc. now owns 5,836,464 shares of the utilities provider’s stock valued at $267,813,000 after purchasing an additional 2,446,904 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in shares of Xcel Energy by 3,077.7% in the second quarter. Janus Henderson Group PLC now owns 2,269,284 shares of the utilities provider’s stock valued at $104,115,000 after purchasing an additional 2,197,872 shares in the last quarter. 72.49% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Xcel Energy Inc. (NYSE:XEL) traded down $0.31 during mid-day trading on Friday, reaching $50.20. 3,296,400 shares of the company traded hands, compared to its average volume of 2,586,366. Xcel Energy Inc. has a 1 year low of $38.20 and a 1 year high of $50.57. The firm has a market capitalization of $25,647.10, a price-to-earnings ratio of 21.58, a price-to-earnings-growth ratio of 4.00 and a beta of 0.21. The company has a quick ratio of 0.68, a current ratio of 0.87 and a debt-to-equity ratio of 1.27.
Xcel Energy (NYSE:XEL) last released its quarterly earnings data on Thursday, October 26th. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.05. Xcel Energy had a net margin of 10.40% and a return on equity of 10.63%. The company had revenue of $3.02 billion during the quarter, compared to analyst estimates of $3.27 billion. During the same quarter in the prior year, the business earned $0.90 earnings per share. The business’s quarterly revenue was down .8% compared to the same quarter last year. sell-side analysts anticipate that Xcel Energy Inc. will post 2.31 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 20th. Stockholders of record on Friday, September 15th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend was Thursday, September 14th. Xcel Energy’s payout ratio is currently 61.54%.
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Several analysts have issued reports on the stock. ValuEngine raised shares of Xcel Energy from a “hold” rating to a “buy” rating in a report on Thursday. SunTrust Banks, Inc. reissued a “hold” rating and set a $47.00 price objective on shares of Xcel Energy in a research note on Tuesday, October 24th. Bank of America Corporation initiated coverage on shares of Xcel Energy in a research note on Tuesday, October 24th. They set a “buy” rating and a $53.00 price objective on the stock. Zacks Investment Research raised shares of Xcel Energy from a “sell” rating to a “hold” rating in a research note on Friday, October 13th. Finally, J P Morgan Chase & Co upped their price objective on shares of Xcel Energy from $51.00 to $53.00 and gave the company an “overweight” rating in a research note on Thursday, October 12th. Nine research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Xcel Energy currently has an average rating of “Hold” and an average target price of $48.91.
In other news, insider Mark E. Stoering sold 20,187 shares of the stock in a transaction on Monday, November 6th. The shares were sold at an average price of $49.66, for a total value of $1,002,486.42. Following the completion of the sale, the insider now owns 48,424 shares of the company’s stock, valued at $2,404,735.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel Yohannes acquired 1,000 shares of the company’s stock in a transaction dated Tuesday, September 5th. The stock was acquired at an average cost of $49.53 per share, with a total value of $49,530.00. Following the transaction, the director now directly owns 1,000 shares of the company’s stock, valued at $49,530. The disclosure for this purchase can be found here. 0.22% of the stock is owned by corporate insiders.
About Xcel Energy
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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