Candriam Luxembourg S.C.A. Has $2.71 Million Stake in Xcel Energy Inc. (XEL)
Candriam Luxembourg S.C.A. lifted its stake in Xcel Energy Inc. (NYSE:XEL) by 8.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,293 shares of the utilities provider’s stock after purchasing an additional 4,315 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in Xcel Energy were worth $2,711,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its position in shares of Xcel Energy by 12.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 28,507,015 shares of the utilities provider’s stock worth $1,307,902,000 after purchasing an additional 3,187,095 shares in the last quarter. Blair William & Co. IL boosted its position in shares of Xcel Energy by 4.9% in the 2nd quarter. Blair William & Co. IL now owns 28,902 shares of the utilities provider’s stock worth $1,326,000 after purchasing an additional 1,343 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new stake in shares of Xcel Energy in the 2nd quarter worth approximately $1,556,000. Prudential Financial Inc. boosted its position in shares of Xcel Energy by 0.9% in the 2nd quarter. Prudential Financial Inc. now owns 712,959 shares of the utilities provider’s stock worth $32,711,000 after purchasing an additional 6,550 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of Xcel Energy by 72.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 5,836,464 shares of the utilities provider’s stock worth $267,813,000 after purchasing an additional 2,446,904 shares in the last quarter. 73.32% of the stock is currently owned by hedge funds and other institutional investors.
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In related news, Director Daniel Yohannes bought 1,000 shares of the firm’s stock in a transaction on Tuesday, September 5th. The stock was acquired at an average cost of $49.53 per share, for a total transaction of $49,530.00. Following the purchase, the director now owns 1,000 shares in the company, valued at $49,530. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, insider Mark E. Stoering sold 20,187 shares of the business’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $49.66, for a total transaction of $1,002,486.42. Following the sale, the insider now owns 48,424 shares of the company’s stock, valued at $2,404,735.84. The disclosure for this sale can be found here. 0.22% of the stock is currently owned by insiders.
Xcel Energy Inc. (NYSE XEL) opened at $51.18 on Thursday. The stock has a market capitalization of $26,302.12, a P/E ratio of 22.14, a P/E/G ratio of 4.11 and a beta of 0.21. Xcel Energy Inc. has a 12-month low of $38.22 and a 12-month high of $52.22. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.87 and a quick ratio of 0.68.
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, beating the consensus estimate of $0.92 by $0.05. The business had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $3.27 billion. Xcel Energy had a return on equity of 10.63% and a net margin of 10.40%. The firm’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.90 EPS. equities analysts anticipate that Xcel Energy Inc. will post 2.31 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, October 20th. Shareholders of record on Friday, September 15th were paid a dividend of $0.36 per share. The ex-dividend date was Thursday, September 14th. This represents a $1.44 dividend on an annualized basis and a yield of 2.81%. Xcel Energy’s dividend payout ratio is presently 61.54%.
XEL has been the topic of a number of analyst reports. BMO Capital Markets boosted their price target on Xcel Energy from $46.00 to $47.00 and gave the stock a “market perform” rating in a research report on Friday, July 28th. BidaskClub raised Xcel Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Morgan Stanley boosted their price target on Xcel Energy from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 10th. Jefferies Group LLC reissued a “hold” rating and issued a $50.00 price target on shares of Xcel Energy in a research report on Thursday, August 31st. Finally, Zacks Investment Research cut Xcel Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. Nine equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $48.91.
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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