State of Alaska Department of Revenue increased its position in shares of Xcel Energy Inc (NYSE:XEL) by 24.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 188,549 shares of the utilities provider’s stock after purchasing an additional 37,580 shares during the period. State of Alaska Department of Revenue’s holdings in Xcel Energy were worth $9,069,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. 1st Global Advisors Inc. increased its position in shares of Xcel Energy by 0.4% during the second quarter. 1st Global Advisors Inc. now owns 4,798 shares of the utilities provider’s stock valued at $220,000 after purchasing an additional 17 shares during the period. Veritable L.P. increased its position in shares of Xcel Energy by 1.1% during the second quarter. Veritable L.P. now owns 14,959 shares of the utilities provider’s stock valued at $686,000 after purchasing an additional 162 shares during the period. Eaton Vance Management increased its position in shares of Xcel Energy by 0.8% during the second quarter. Eaton Vance Management now owns 22,487 shares of the utilities provider’s stock valued at $1,032,000 after purchasing an additional 185 shares during the period. Nordea Investment Management AB increased its position in shares of Xcel Energy by 0.8% during the second quarter. Nordea Investment Management AB now owns 24,187 shares of the utilities provider’s stock valued at $1,110,000 after purchasing an additional 193 shares during the period. Finally, Carret Asset Management LLC increased its position in shares of Xcel Energy by 1.5% during the second quarter. Carret Asset Management LLC now owns 13,685 shares of the utilities provider’s stock valued at $628,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 73.32% of the company’s stock.
Shares of Xcel Energy Inc (NYSE XEL) opened at $45.13 on Friday. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.87 and a quick ratio of 0.68. The company has a market capitalization of $22,790.00, a price-to-earnings ratio of 19.37, a P/E/G ratio of 3.38 and a beta of 0.21. Xcel Energy Inc has a one year low of $40.43 and a one year high of $52.22.
Xcel Energy (NYSE:XEL) last announced its quarterly 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 business had revenue of $3.02 billion for the quarter, compared to analyst estimates of $3.27 billion. Xcel Energy had a return on equity of 10.63% and a net margin of 10.40%. Xcel Energy’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.90 EPS. equities analysts forecast that Xcel Energy Inc will post 2.31 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, January 20th. Shareholders of record on Thursday, December 28th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend is Wednesday, December 27th. Xcel Energy’s dividend payout ratio is currently 61.80%.
A number of analysts have recently issued reports on XEL shares. Bank of America started coverage on Xcel Energy in a research report on Tuesday, October 24th. They set a “buy” rating and a $53.00 price objective on the stock. Zacks Investment Research raised Xcel Energy from a “sell” rating to a “hold” rating in a research note on Friday, October 13th. JPMorgan Chase & Co. boosted their price target on Xcel Energy from $51.00 to $53.00 and gave the company an “overweight” rating in a research note on Thursday, October 12th. SunTrust Banks reaffirmed a “hold” rating and issued a $47.00 price target on shares of Xcel Energy in a research note on Tuesday, October 24th. Finally, ValuEngine raised Xcel Energy from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Nine investment 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 stock. Xcel Energy currently has an average rating of “Hold” and a consensus price target of $48.91.
In other Xcel Energy news, EVP Marvin E. Jr. Mcdaniel sold 5,176 shares of the business’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $51.07, for a total value of $264,338.32. Following the transaction, the executive vice president now owns 81,371 shares of the company’s stock, valued at $4,155,616.97. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 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 transaction, 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. In the last three months, insiders sold 28,363 shares of company stock worth $1,415,265. Insiders own 0.22% of the company’s stock.
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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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