Woodmont Investment Counsel LLC lessened its position in shares of Xcel Energy Inc. (NYSE:XEL) by 8.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,975 shares of the utilities provider’s stock after selling 950 shares during the quarter. Woodmont Investment Counsel LLC’s holdings in Xcel Energy were worth $504,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in XEL. Parallel Advisors LLC raised its position in shares of Xcel Energy by 1.6% during the 2nd quarter. Parallel Advisors LLC now owns 2,227 shares of the utilities provider’s stock valued at $105,000 after buying an additional 36 shares during the period. Carroll Financial Associates Inc. raised its position in shares of Xcel Energy by 14.5% during the 2nd quarter. Carroll Financial Associates Inc. now owns 2,365 shares of the utilities provider’s stock valued at $108,000 after buying an additional 300 shares during the period. Sandy Spring Bank raised its position in shares of Xcel Energy by 24.8% during the 2nd quarter. Sandy Spring Bank now owns 2,401 shares of the utilities provider’s stock valued at $110,000 after buying an additional 477 shares during the period. Founders Capital Management purchased a new stake in shares of Xcel Energy during the 1st quarter valued at approximately $124,000. Finally, Sharkey Howes & Javer raised its position in shares of Xcel Energy by 0.5% during the 1st quarter. Sharkey Howes & Javer now owns 2,994 shares of the utilities provider’s stock valued at $133,000 after buying an additional 16 shares during the period. 72.45% of the stock is currently owned by hedge funds and other institutional investors.
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In other Xcel Energy news, EVP Kent T. Larson sold 10,000 shares of the firm’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $47.25, for a total transaction of $472,500.00. Following the completion of the transaction, the executive vice president now directly owns 80,221 shares of the company’s stock, valued at approximately $3,790,442.25. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Daniel Yohannes acquired 1,000 shares of the firm’s stock in a transaction on Tuesday, September 5th. The shares were bought at an average cost of $49.53 per share, with a total value of $49,530.00. Following the completion of the acquisition, the director now owns 1,000 shares in the company, valued at $49,530. The disclosure for this purchase can be found here. 0.22% of the stock is owned by company insiders.
Several analysts have recently commented on the stock. Morgan Stanley lifted their price target on shares of 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 issued a $50.00 target price 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 boosted their target price 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 lowered Xcel Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, June 28th. Nine investment 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 company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $47.50.
Shares of Xcel Energy Inc. (NYSE XEL) traded down 0.14% during trading on Wednesday, hitting $48.37. 692,318 shares of the company were exchanged. Xcel Energy Inc. has a 12 month low of $38.00 and a 12 month high of $50.56. The stock has a market cap of $24.56 billion, a P/E ratio of 21.36 and a beta of 0.20. The company’s 50-day moving average price is $48.98 and its 200 day moving average price is $46.54.
Xcel Energy (NYSE:XEL) last released its quarterly earnings results on Thursday, July 27th. The utilities provider reported $0.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.02. The business had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.63 billion. Xcel Energy had a net margin of 10.08% and a return on equity of 10.42%. The business’s revenue was up 5.8% on a year-over-year basis. During the same period last year, the business earned $0.39 EPS. On average, equities analysts predict that Xcel Energy Inc. will post $2.20 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, September 15th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend is Thursday, September 14th. 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.
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