Profund Advisors LLC boosted its position in shares of Xcel Energy Inc. (NYSE:XEL) by 31.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 53,252 shares of the utilities provider’s stock after purchasing an additional 12,839 shares during the period. Profund Advisors LLC’s holdings in Xcel Energy were worth $2,443,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in XEL. BlackRock Inc. boosted its position in Xcel Energy by 2,692.8% during the first quarter. BlackRock Inc. now owns 41,639,955 shares of the utilities provider’s stock valued at $1,850,897,000 after purchasing an additional 40,148,954 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Xcel Energy by 12.6% during the second quarter. JPMorgan Chase & Co. now owns 28,507,015 shares of the utilities provider’s stock valued at $1,307,902,000 after purchasing an additional 3,187,095 shares during the last quarter. Principal Financial Group Inc. boosted its position in Xcel Energy by 367.2% during the second quarter. Principal Financial Group Inc. now owns 3,741,935 shares of the utilities provider’s stock valued at $171,680,000 after purchasing an additional 2,940,959 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Xcel Energy by 72.2% during the second quarter. Ameriprise Financial Inc. now owns 5,836,464 shares of the utilities provider’s stock valued at $267,813,000 after purchasing an additional 2,446,904 shares during the last quarter. Finally, FMR LLC boosted its position in Xcel Energy by 10.2% during the first quarter. FMR LLC now owns 17,771,752 shares of the utilities provider’s stock valued at $789,955,000 after purchasing an additional 1,644,276 shares during the last quarter. 73.05% of the stock is owned by hedge funds and other institutional investors.
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Shares of Xcel Energy Inc. (XEL) traded down 0.04% during mid-day trading on Friday, hitting $49.08. The company’s stock had a trading volume of 3,426,744 shares. The stock has a market cap of $24.92 billion, a PE ratio of 21.67 and a beta of 0.20. Xcel Energy Inc. has a 1-year low of $38.00 and a 1-year high of $50.56. The company has a 50-day moving average price of $48.91 and a 200-day moving average price of $46.43.
Xcel Energy (NYSE:XEL) last announced its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.02. The company had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.63 billion. Xcel Energy had a return on equity of 10.42% and a net margin of 10.08%. Xcel Energy’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.39 EPS. Analysts predict that Xcel Energy Inc. will post $2.20 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, September 15th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 2.93%. The ex-dividend date is Thursday, September 14th. Xcel Energy’s payout ratio is 63.44%.
In related news, Director Daniel Yohannes acquired 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The stock was bought at an average price of $49.53 per share, for a total transaction of $49,530.00. Following the acquisition, the director now directly owns 1,000 shares of the company’s stock, valued at $49,530. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kent T. Larson sold 10,000 shares of the firm’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $47.25, for a total value of $472,500.00. Following the completion of the transaction, the executive vice president now owns 80,221 shares of the company’s stock, valued at approximately $3,790,442.25. The disclosure for this sale can be found here. 0.22% of the stock is owned by company insiders.
A number of analysts recently issued reports on the company. Morgan Stanley lifted their price objective on Xcel Energy from $46.00 to $48.00 and gave the company an “equal weight” rating in a research report on Friday, September 8th. Jefferies Group LLC reissued a “hold” rating and set a $50.00 price objective on shares of Xcel Energy in a research report on Thursday, August 31st. BidaskClub raised Xcel Energy from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 23rd. BMO Capital Markets lifted their price objective on Xcel Energy from $46.00 to $47.00 and gave the company a “market perform” rating in a research report on Friday, July 28th. Finally, Zacks Investment Research cut Xcel Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, June 28th. Ten equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $46.82.
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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