Jarislowsky Fraser Ltd lessened its position in Xcel Energy Inc. (NYSE:XEL) by 3.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 158,798 shares of the utilities provider’s stock after selling 5,500 shares during the quarter. Jarislowsky Fraser Ltd’s holdings in Xcel Energy were worth $7,514,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in XEL. Dimensional Fund Advisors LP raised its position in Xcel Energy by 1.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,047,305 shares of the utilities provider’s stock valued at $46,551,000 after buying an additional 14,498 shares during the last quarter. NN Investment Partners Holdings N.V. raised its position in Xcel Energy by 18.1% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 59,657 shares of the utilities provider’s stock valued at $2,737,000 after buying an additional 9,158 shares during the last quarter. Eqis Capital Management Inc. raised its position in Xcel Energy by 0.5% in the 2nd quarter. Eqis Capital Management Inc. now owns 5,325 shares of the utilities provider’s stock valued at $244,000 after buying an additional 29 shares during the last quarter. Winslow Evans & Crocker Inc. raised its position in Xcel Energy by 8.8% in the 2nd quarter. Winslow Evans & Crocker Inc. now owns 3,274 shares of the utilities provider’s stock valued at $150,000 after buying an additional 266 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its position in 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 valued at $1,445,000 after buying an additional 300 shares during the last quarter. 73.32% of the stock is currently owned by institutional investors and hedge funds.
In other Xcel Energy news, Director Daniel Yohannes bought 1,000 shares of Xcel Energy stock in a transaction dated Tuesday, September 5th. The stock was bought 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 of the company’s stock, valued at approximately $49,530. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Timothy V. Wolf sold 3,000 shares of Xcel Energy stock in a transaction that occurred 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 transaction, the director now owns 3,700 shares of the company’s stock, valued at $183,076. The disclosure for this sale can be found here. Insiders own 0.22% of the company’s stock.
XEL has been the topic of several recent 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 reaffirmed a “hold” rating and set a $50.00 price target on shares of Xcel Energy in a research report on Thursday, August 31st. Finally, Zacks Investment Research lowered Xcel Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. Nine investment 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 company’s stock. Xcel Energy presently has an average rating of “Hold” and an average target price of $48.91.
Xcel Energy Inc. (NYSE XEL) opened at $50.79 on Tuesday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.68 and a current ratio of 0.87. Xcel Energy Inc. has a one year low of $38.20 and a one year high of $50.85. The company has a market capitalization of $25,489.70, a P/E ratio of 21.45, a PEG ratio of 3.98 and a beta of 0.21.
Xcel Energy (NYSE:XEL) last issued its earnings results on Thursday, October 26th. The utilities provider reported $0.97 EPS for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to the consensus estimate of $3.27 billion. During the same period in the previous year, the company posted $0.90 EPS. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. research analysts anticipate that Xcel Energy Inc. will post 2.31 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 20th. Stockholders of record on Friday, September 15th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.44 annualized dividend and a dividend yield of 2.84%. Xcel Energy’s dividend payout ratio is currently 61.54%.
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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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