Anchor Capital Advisors LLC trimmed its position in Xcel Energy Inc. (NYSE:XEL) by 2.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 334,408 shares of the utilities provider’s stock after selling 7,835 shares during the quarter. Anchor Capital Advisors LLC owned approximately 0.07% of Xcel Energy worth $15,824,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Boston Partners boosted its position in Xcel Energy by 27,248.9% during the 3rd quarter. Boston Partners now owns 3,568,214 shares of the utilities provider’s stock valued at $168,848,000 after purchasing an additional 3,555,167 shares during the period. 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 valued at $1,307,902,000 after purchasing an additional 3,187,095 shares during the period. Principal Financial Group Inc. boosted its position in Xcel Energy by 367.2% during the 2nd quarter. Principal Financial Group Inc. now owns 3,741,935 shares of the utilities provider’s stock valued at $171,680,000 after purchasing an additional 2,940,959 shares during the period. Ameriprise Financial Inc. boosted its position in Xcel Energy by 72.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 5,836,464 shares of the utilities provider’s stock valued at $267,813,000 after purchasing an additional 2,446,904 shares during the period. Finally, Janus Henderson Group PLC boosted its position in Xcel Energy by 3,077.7% during the 2nd quarter. Janus Henderson Group PLC now owns 2,269,284 shares of the utilities provider’s stock valued at $104,115,000 after purchasing an additional 2,197,872 shares during the period. Institutional investors and hedge funds own 73.32% of the company’s stock.
Shares of Xcel Energy Inc. (NYSE XEL) traded up $0.59 during trading on Tuesday, hitting $50.79. The stock had a trading volume of 3,419,200 shares, compared to its average volume of 2,590,169. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.68 and a current ratio of 0.87. The firm has a market capitalization of $25,489.70, a price-to-earnings ratio of 21.45, a price-to-earnings-growth ratio of 3.98 and a beta of 0.21. Xcel Energy Inc. has a twelve month low of $38.20 and a twelve month high of $50.85.
Xcel Energy (NYSE:XEL) last announced its quarterly earnings data on Thursday, October 26th. The utilities provider reported $0.97 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.05. The business had revenue of $3.02 billion during the quarter, compared to analyst estimates of $3.27 billion. Xcel Energy had a return on equity of 10.63% and a net margin of 10.40%. The company’s revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.90 earnings per share. equities research analysts expect that Xcel Energy Inc. will post 2.31 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 20th. Stockholders of record on Friday, September 15th were issued a $0.36 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.44 annualized dividend and a dividend yield of 2.84%. Xcel Energy’s dividend payout ratio (DPR) is 61.54%.
In other news, Director Timothy V. Wolf sold 3,000 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $49.48, for a total value of $148,440.00. Following the completion of the sale, the director now owns 3,700 shares in the company, valued at $183,076. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Daniel Yohannes acquired 1,000 shares of the business’s stock in a transaction dated Tuesday, September 5th. The stock was purchased at an average price of $49.53 per share, with a total value of $49,530.00. Following the acquisition, the director now owns 1,000 shares of the company’s stock, valued at $49,530. The disclosure for this purchase can be found here. Corporate insiders own 0.22% of the company’s stock.
A number of research firms recently issued reports on XEL. ValuEngine upgraded Xcel Energy from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Mizuho reiterated a “hold” rating and set a $46.00 price target on shares of Xcel Energy in a research report on Friday, September 29th. BMO Capital Markets boosted their price target on Xcel Energy from $46.00 to $47.00 and gave the stock a “market perform” rating in a research report on Friday, July 28th. BidaskClub upgraded Xcel Energy from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 23rd. Finally, Morgan Stanley boosted 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. Nine analysts have rated the stock with a hold rating, four have assigned 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 target price of $48.91.
About Xcel Energy
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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