Candriam Luxembourg S.C.A. lifted its stake in Xcel Energy Inc (NYSE:XEL) by 17.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 67,170 shares of the utilities provider’s stock after acquiring an additional 9,877 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Xcel Energy were worth $3,232,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Assetmark Inc. lifted its stake in shares of Xcel Energy by 118.9% in the third quarter. Assetmark Inc. now owns 2,191 shares of the utilities provider’s stock valued at $104,000 after buying an additional 1,190 shares during the period. SeaCrest Wealth Management LLC bought a new stake in shares of Xcel Energy in the fourth quarter valued at about $105,000. Krilogy Financial LLC bought a new stake in shares of Xcel Energy in the third quarter valued at about $127,000. BB&T Investment Services Inc. lifted its stake in shares of Xcel Energy by 73.3% in the third quarter. BB&T Investment Services Inc. now owns 2,730 shares of the utilities provider’s stock valued at $145,000 after buying an additional 1,155 shares during the period. Finally, Sandy Spring Bank lifted its stake in shares of Xcel Energy by 56.6% in the third quarter. Sandy Spring Bank now owns 3,761 shares of the utilities provider’s stock valued at $178,000 after buying an additional 1,360 shares during the period. Institutional investors and hedge funds own 73.96% of the company’s stock.
Several research firms recently weighed in on XEL. Zacks Investment Research cut shares of Xcel Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. SunTrust Banks reiterated a “hold” rating and issued a $48.00 target price on shares of Xcel Energy in a research note on Monday, December 4th. Morgan Stanley increased their target price on shares of Xcel Energy from $50.00 to $53.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 13th. ValuEngine upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Finally, Bank of America initiated coverage on shares of Xcel Energy in a research note on Tuesday, October 24th. They issued a “buy” rating and a $53.00 target price for the company. Nine analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $48.00.
Xcel Energy (NYSE:XEL) last posted its quarterly earnings results on Wednesday, February 7th. The utilities provider reported $0.42 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.01). Xcel Energy had a return on equity of 10.44% and a net margin of 10.06%. The business had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.84 billion. During the same period last year, the company earned $0.45 EPS. The business’s revenue for the quarter was up .0% on a year-over-year basis. analysts expect that Xcel Energy Inc will post 2.44 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Saturday, January 20th. Stockholders of record on Thursday, December 28th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 3.22%. The ex-dividend date was Wednesday, December 27th. Xcel Energy’s payout ratio is 63.72%.
In other news, EVP Marvin E. Jr. Mcdaniel sold 5,176 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $51.07, for a total transaction of $264,338.32. Following the completion of the sale, the executive vice president now owns 81,371 shares of the company’s stock, valued at $4,155,616.97. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.22% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This article was originally posted by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this article on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark laws. The legal version of this article can be accessed at https://www.chaffeybreeze.com/2018/02/18/candriam-luxembourg-s-c-a-grows-position-in-xcel-energy-inc-xel.html.
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.
Want to see what other hedge funds are holding XEL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xcel Energy Inc (NYSE:XEL).
Receive News & Ratings for Xcel Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xcel Energy and related companies with MarketBeat.com's FREE daily email newsletter.