Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in Xcel Energy Inc (NYSE:XEL) by 4.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 139,489 shares of the utilities provider’s stock after acquiring an additional 5,761 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Xcel Energy were worth $8,411,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the business. NEXT Financial Group Inc raised its stake in shares of Xcel Energy by 30.4% in the fourth quarter. NEXT Financial Group Inc now owns 1,350 shares of the utilities provider’s stock worth $86,000 after purchasing an additional 315 shares during the last quarter. Exane Derivatives increased its holdings in Xcel Energy by 30.1% in the 4th quarter. Exane Derivatives now owns 2,476 shares of the utilities provider’s stock worth $160,000 after buying an additional 573 shares in the last quarter. Accredited Investors Inc. raised its position in Xcel Energy by 15.0% in the 4th quarter. Accredited Investors Inc. now owns 6,611 shares of the utilities provider’s stock worth $420,000 after buying an additional 860 shares during the last quarter. Chicago Partners Investment Group LLC lifted its stake in Xcel Energy by 26.2% during the 4th quarter. Chicago Partners Investment Group LLC now owns 5,164 shares of the utilities provider’s stock valued at $336,000 after acquiring an additional 1,072 shares during the period. Finally, Advisor Partners LLC boosted its holdings in shares of Xcel Energy by 4.6% during the 4th quarter. Advisor Partners LLC now owns 15,150 shares of the utilities provider’s stock valued at $977,000 after acquiring an additional 669 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.
Shares of NYSE XEL traded up $0.22 during trading on Friday, hitting $60.37. The company had a trading volume of 2,006,844 shares, compared to its average volume of 3,971,080. Xcel Energy Inc has a 12 month low of $46.58 and a 12 month high of $72.14. The stock has a 50 day simple moving average of $62.29 and a 200 day simple moving average of $63.50.
Xcel Energy (NYSE:XEL) last released its earnings results on Thursday, May 7th. The utilities provider reported $0.56 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.03). The company had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $3.27 billion. During the same period last year, the company earned $0.61 earnings per share. The company’s quarterly revenue was down 10.5% compared to the same quarter last year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Stockholders of record on Monday, June 15th will be paid a $0.43 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.85%.
Several research analysts have recently weighed in on the stock. Royal Bank of Canada reissued a “hold” rating and set a $62.00 price objective on shares of Xcel Energy in a report on Wednesday, April 8th. Wells Fargo & Co lowered shares of Xcel Energy from an “overweight” rating to an “equal weight” rating and set a $70.00 target price for the company. in a research note on Friday, April 24th. They noted that the move was a valuation call. BMO Capital Markets began coverage on Xcel Energy in a research note on Wednesday, February 19th. They issued a “market perform” rating and a $68.00 price target on the stock. Morgan Stanley lowered Xcel Energy from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $61.00 to $55.00 in a report on Wednesday, May 13th. Finally, UBS Group lowered their target price on Xcel Energy from $75.00 to $65.00 and set a “neutral” rating on the stock in a report on Monday, March 16th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $63.53.
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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