Xcel Energy Inc. (XEL) Position Trimmed by Comerica Bank
Comerica Bank lowered its position in Xcel Energy Inc. (NYSE:XEL) by 7.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 160,763 shares of the utilities provider’s stock after selling 12,234 shares during the quarter. Comerica Bank’s holdings in Xcel Energy were worth $7,924,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted 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 acquiring an additional 3,187,095 shares during the period. Blair William & Co. IL lifted 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 acquiring an additional 1,343 shares during the period. OMERS ADMINISTRATION Corp bought a new stake in shares of Xcel Energy in the 2nd quarter worth approximately $1,556,000. Prudential Financial Inc. lifted 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 acquiring an additional 6,550 shares during the period. Finally, Ameriprise Financial Inc. lifted 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 acquiring an additional 2,446,904 shares during the period. Institutional investors own 73.32% of the company’s stock.
A number of equities analysts have recently issued reports on XEL shares. BMO Capital Markets increased their target price on Xcel Energy from $46.00 to $47.00 and gave the stock a “market perform” rating in a report on Friday, July 28th. BidaskClub raised Xcel Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Morgan Stanley increased their target price on Xcel Energy from $45.00 to $46.00 and gave the stock an “equal weight” rating in a report on Thursday, August 10th. Jefferies Group LLC reissued a “hold” rating and issued a $50.00 target price on shares of Xcel Energy in a report on Thursday, August 31st. Finally, Zacks Investment Research cut Xcel Energy from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. Nine analysts have rated the stock with a hold rating, four have assigned 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 price target of $48.91.
In other news, Director Daniel Yohannes bought 1,000 shares of the stock in a transaction dated Tuesday, September 5th. The stock was bought at an average cost of $49.53 per share, with a total value of $49,530.00. Following the purchase, the director now owns 1,000 shares of the company’s stock, valued at $49,530. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Mark E. Stoering sold 20,187 shares of Xcel Energy 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 directly 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 company insiders.
Shares of Xcel Energy Inc. (XEL) opened at $50.89 on Friday. The company has a market capitalization of $25,840.06, a price-to-earnings ratio of 21.75, a PEG ratio of 4.03 and a beta of 0.21. Xcel Energy Inc. has a 52 week low of $38.22 and a 52 week 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 earnings results on Thursday, October 26th. The utilities provider reported $0.97 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.05. The company had revenue of $3.02 billion during 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 business’s revenue for the quarter was down .8% on a year-over-year basis. During the same period last year, the firm earned $0.90 EPS. sell-side analysts predict that Xcel Energy Inc. will post 2.31 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, October 20th. Stockholders of record on Friday, September 15th were paid a $0.36 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.44 annualized dividend and a dividend yield of 2.83%. Xcel Energy’s dividend payout ratio (DPR) is currently 61.54%.
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.
Want to see what other hedge funds are holding XEL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xcel Energy Inc. (NYSE:XEL).
Receive News & Stock Ratings for Xcel Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xcel Energy Inc. and related stocks with our FREE daily email newsletter.