Sandy Spring Bank grew its position in shares of Xcel Energy Inc. (NYSE:XEL) by 24.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,401 shares of the utilities provider’s stock after acquiring an additional 477 shares during the quarter. Sandy Spring Bank’s holdings in Xcel Energy were worth $110,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Blair William & Co. IL boosted its position in Xcel Energy by 4.9% during the 2nd quarter. Blair William & Co. IL now owns 28,902 shares of the utilities provider’s stock worth $1,326,000 after acquiring an additional 1,343 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Xcel Energy by 12.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 28,507,015 shares of the utilities provider’s stock worth $1,307,902,000 after acquiring an additional 3,187,095 shares during the last quarter. Prudential Financial Inc. boosted its position in Xcel Energy by 0.9% during the 2nd quarter. Prudential Financial Inc. now owns 712,959 shares of the utilities provider’s stock worth $32,711,000 after acquiring an additional 6,550 shares during the last quarter. OMERS ADMINISTRATION Corp acquired a new position in Xcel Energy during the 2nd quarter worth approximately $1,556,000. Finally, Blackstart Capital LP acquired a new position in Xcel Energy during the 1st quarter worth approximately $12,649,000. 72.45% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have weighed in on XEL shares. BidaskClub downgraded Xcel Energy from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 24th. Morgan Stanley upped their price target on Xcel Energy from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 10th. Argus upped their price target on Xcel Energy from $50.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, June 14th. Jefferies Group LLC reaffirmed a “hold” rating and set a $50.00 price target on shares of Xcel Energy in a research report on Thursday, August 31st. Finally, Zacks Investment Research downgraded Xcel Energy from a “buy” rating to a “hold” rating in a research report on Thursday, June 15th. Nine equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Xcel Energy currently has an average rating of “Hold” and a consensus target price of $47.50.
In other Xcel Energy news, Director Daniel Yohannes acquired 1,000 shares of the business’s stock in a transaction on Tuesday, September 5th. The shares were acquired at an average price of $49.53 per share, with a total value of $49,530.00. Following the completion of the transaction, the director now owns 1,000 shares in the company, valued at $49,530. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Kent T. Larson sold 10,000 shares of the business’s stock in a transaction on Friday, July 28th. The stock was 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 directly owns 80,221 shares in the company, valued at approximately $3,790,442.25. The disclosure for this sale can be found here. 0.22% of the stock is currently owned by insiders.
Shares of Xcel Energy Inc. (XEL) opened at 48.44 on Wednesday. The firm has a market cap of $24.60 billion, a P/E ratio of 21.39 and a beta of 0.20. The stock has a 50 day moving average price of $48.98 and a 200 day moving average price of $46.54. Xcel Energy Inc. has a 12-month low of $38.00 and a 12-month high of $50.56.
Xcel Energy (NYSE:XEL) last posted its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.02. Xcel Energy had a return on equity of 10.42% and a net margin of 10.08%. The business had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.63 billion. During the same quarter in the previous year, the firm earned $0.39 earnings per share. The business’s revenue was up 5.8% on a year-over-year basis. On average, equities analysts expect that Xcel Energy Inc. will post $2.20 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, September 15th will be given a $0.36 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.44 annualized dividend and a yield of 2.97%. Xcel Energy’s dividend payout ratio is currently 63.44%.
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.
Receive News & Ratings for Xcel Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xcel Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.