Voya Investment Management LLC lessened its stake in shares of Xcel Energy Inc (NYSE:XEL) by 7.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 251,978 shares of the utilities provider’s stock after selling 21,110 shares during the quarter. Voya Investment Management LLC’s holdings in Xcel Energy were worth $11,510,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Point72 Asia Hong Kong Ltd raised its position in Xcel Energy by 328.8% in the first quarter. Point72 Asia Hong Kong Ltd now owns 3,280 shares of the utilities provider’s stock worth $149,000 after acquiring an additional 2,515 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Xcel Energy by 105.3% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 4,774 shares of the utilities provider’s stock valued at $154,000 after acquiring an additional 2,449 shares during the last quarter. Poehling Capital Management LLC boosted its stake in shares of Xcel Energy by 91.2% during the second quarter. Poehling Capital Management LLC now owns 3,797 shares of the utilities provider’s stock valued at $173,000 after acquiring an additional 1,811 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of Xcel Energy by 92.0% during the second quarter. Parallel Advisors LLC now owns 4,170 shares of the utilities provider’s stock valued at $190,000 after acquiring an additional 1,998 shares during the last quarter. Finally, Tealwood Asset Management Inc. acquired a new stake in shares of Xcel Energy during the second quarter valued at $201,000. Institutional investors and hedge funds own 73.96% of the company’s stock.
In other news, SVP Judy M. Poferl sold 7,182 shares of Xcel Energy stock in a transaction that occurred on Friday, September 7th. The stock was sold at an average price of $48.67, for a total value of $349,547.94. Following the completion of the transaction, the senior vice president now owns 25,460 shares in the company, valued at approximately $1,239,138.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Lynn Casey acquired 1,000 shares of Xcel Energy stock in a transaction that occurred on Wednesday, September 5th. The shares were bought at an average price of $48.89 per share, with a total value of $48,890.00. Following the transaction, the director now directly owns 3,131 shares in the company, valued at $153,074.59. The disclosure for this purchase can be found here. 0.22% of the stock is owned by company insiders.
XEL has been the topic of a number of analyst reports. Zacks Investment Research raised Xcel Energy from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a research note on Tuesday, June 19th. Morgan Stanley lowered Xcel Energy from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $52.00 to $50.00 in a research note on Friday, September 21st. Bank of America reissued a “neutral” rating on shares of Xcel Energy in a research note on Wednesday, June 27th. Finally, Barclays assumed coverage on Xcel Energy in a research note on Tuesday, July 10th. They issued an “overweight” rating and a $53.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $48.22.
Shares of NYSE:XEL traded up $0.03 during mid-day trading on Friday, hitting $47.65. 3,557,602 shares of the company traded hands, compared to its average volume of 3,368,022. The company has a current ratio of 0.87, a quick ratio of 0.68 and a debt-to-equity ratio of 1.27. Xcel Energy Inc has a 52-week low of $41.51 and a 52-week high of $52.22.
Xcel Energy (NYSE:XEL) last announced its earnings results on Thursday, July 26th. The utilities provider reported $0.52 EPS for the quarter, beating the consensus estimate of $0.47 by $0.05. Xcel Energy had a return on equity of 10.44% and a net margin of 10.06%. The business had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.71 billion. During the same period last year, the business posted $0.45 EPS. The company’s revenue was up .5% on a year-over-year basis. On average, analysts expect that Xcel Energy Inc will post 2.44 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, October 20th. Shareholders of record on Friday, September 14th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $1.52 dividend on an annualized basis and a yield of 3.19%.
Xcel Energy 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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