DekaBank Deutsche Girozentrale Decreases Stake in Xcel Energy Inc. (XEL)
DekaBank Deutsche Girozentrale decreased its position in Xcel Energy Inc. (NYSE:XEL) by 1.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 166,468 shares of the utilities provider’s stock after selling 1,747 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Xcel Energy were worth $8,242,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of XEL. Eqis Capital Management Inc. grew its position in shares of Xcel Energy by 0.5% in the 2nd quarter. Eqis Capital Management Inc. now owns 5,325 shares of the utilities provider’s stock worth $244,000 after acquiring an additional 29 shares in the last quarter. Louisiana State Employees Retirement System grew its position in shares of Xcel Energy by 1.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 31,500 shares of the utilities provider’s stock worth $1,445,000 after acquiring an additional 300 shares in the last quarter. Aperio Group LLC boosted its position in Xcel Energy by 15.9% during the 2nd quarter. Aperio Group LLC now owns 298,048 shares of the utilities provider’s stock valued at $13,674,000 after purchasing an additional 40,908 shares during the period. US Bancorp DE boosted its position in Xcel Energy by 15.8% during the 2nd quarter. US Bancorp DE now owns 638,516 shares of the utilities provider’s stock valued at $29,295,000 after purchasing an additional 86,961 shares during the period. Finally, Farmers & Merchants Investments Inc. boosted its position in Xcel Energy by 0.8% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 11,598 shares of the utilities provider’s stock valued at $532,000 after purchasing an additional 97 shares during the period. Institutional investors own 73.32% of the company’s stock.
Shares of Xcel Energy Inc. (NYSE:XEL) traded down $0.29 during mid-day trading on Friday, reaching $50.89. The company’s stock had a trading volume of 2,182,816 shares, compared to its average volume of 2,600,539. Xcel Energy Inc. has a one year low of $38.22 and a one year high of $52.22. The company has a quick ratio of 0.68, a current ratio of 0.87 and a debt-to-equity ratio of 1.27. The firm has a market cap of $25,990.00, a price-to-earnings ratio of 22.14, a PEG ratio of 4.11 and a beta of 0.21.
Xcel Energy (NYSE:XEL) last posted its quarterly earnings data on Thursday, October 26th. The utilities provider reported $0.97 EPS for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.05. Xcel Energy had a return on equity of 10.63% and a net margin of 10.40%. The company had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $3.27 billion. During the same quarter in the previous year, the business earned $0.90 EPS. The company’s quarterly revenue was down .8% compared to the same quarter last year. analysts predict that Xcel Energy Inc. will post 2.31 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 20th. Stockholders of record on Friday, September 15th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend was Thursday, September 14th. Xcel Energy’s dividend payout ratio is presently 61.80%.
In other news, Director Timothy V. Wolf sold 3,000 shares of the business’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $49.48, for a total value of $148,440.00. Following the sale, the director now owns 3,700 shares of the company’s stock, valued at approximately $183,076. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 stock was 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 directly owns 48,424 shares in the company, valued at approximately $2,404,735.84. The disclosure for this sale can be found here. 0.22% of the stock is currently owned by insiders.
A number of research analysts recently issued reports on XEL shares. Bank of America Corporation started coverage on Xcel Energy in a research report on Tuesday, October 24th. They set a “buy” rating and a $53.00 price objective for the company. Zacks Investment Research upgraded Xcel Energy from a “sell” rating to a “hold” rating in a research report on Friday, October 13th. BidaskClub upgraded Xcel Energy from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 23rd. Morgan Stanley boosted their price objective on Xcel Energy from $45.00 to $46.00 and gave the company an “equal weight” rating in a research report on Thursday, August 10th. Finally, J P Morgan Chase & Co boosted their price objective on Xcel Energy from $51.00 to $53.00 and gave the company an “overweight” rating in a research report on Thursday, October 12th. Nine equities 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. The stock presently has a consensus rating of “Hold” and a consensus target price of $48.91.
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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