Amica Mutual Insurance Co. maintained its stake in Xcel Energy Inc (NYSE:XEL) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,713 shares of the utilities provider’s stock at the end of the first quarter. Amica Mutual Insurance Co.’s holdings in Xcel Energy were worth $1,187,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in XEL. Russell Investments Group Ltd. purchased a new position in Xcel Energy during the fourth quarter worth $68,008,000. AQR Capital Management LLC increased its position in Xcel Energy by 41.5% in the fourth quarter. AQR Capital Management LLC now owns 4,840,705 shares of the utilities provider’s stock worth $197,017,000 after buying an additional 1,420,193 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new position in Xcel Energy during the third quarter worth $39,756,000. Energy Income Partners LLC purchased a new position in Xcel Energy during the fourth quarter worth $36,603,000. Finally, Asset Management One Co. Ltd. increased its position in Xcel Energy by 1,806.1% in the fourth quarter. Asset Management One Co. Ltd. now owns 918,645 shares of the utilities provider’s stock worth $37,404,000 after buying an additional 870,451 shares in the last quarter. 70.91% of the stock is currently owned by institutional investors.
Shares of Xcel Energy Inc (NYSE:XEL) traded up 0.24% during trading on Friday, hitting $45.75. The stock had a trading volume of 1,031,682 shares. The firm has a market cap of $23.23 billion, a price-to-earnings ratio of 20.76 and a beta of 0.09. The firm’s 50-day moving average is $44.92 and its 200 day moving average is $42.23. Xcel Energy Inc has a 52-week low of $38.00 and a 52-week high of $46.07.
Xcel Energy (NYSE:XEL) last posted its earnings results on Thursday, April 27th. The utilities provider reported $0.47 EPS for the quarter, missing the Zacks’ consensus estimate of $0.50 by $0.03. Xcel Energy had a return on equity of 10.41% and a net margin of 10.11%. The firm had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same quarter last year, the firm posted $0.47 EPS. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, analysts expect that Xcel Energy Inc will post $2.20 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 20th. Stockholders of record on Thursday, June 15th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date of this dividend is Tuesday, June 13th. Xcel Energy’s dividend payout ratio (DPR) is currently 61.54%.
Several research analysts have recently commented on XEL shares. Zacks Investment Research downgraded Xcel Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, April 12th. Deutsche Bank AG raised their price objective on Xcel Energy from $45.00 to $46.00 and gave the stock a “hold” rating in a research note on Friday, April 28th. Jefferies Group LLC raised their price objective on Xcel Energy from $44.00 to $46.00 and gave the stock a “hold” rating in a research note on Thursday, March 23rd. Barclays PLC reaffirmed an “equal weight” rating and issued a $47.00 price objective (up previously from $44.00) on shares of Xcel Energy in a research note on Sunday, April 23rd. Finally, Royal Bank of Canada reissued a “hold” rating and set a $45.00 target price on shares of Xcel Energy in a research note on Friday, March 17th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $46.33.
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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