KAMES CAPITAL plc acquired a new position in Xcel Energy Inc (NYSE:XEL) in the 3rd quarter, HoldingsChannel reports. The firm acquired 11,509 shares of the utilities provider’s stock, valued at approximately $543,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Boston Partners raised its holdings in Xcel Energy by 3.0% in the 2nd quarter. Boston Partners now owns 5,957,623 shares of the utilities provider’s stock worth $272,145,000 after purchasing an additional 172,830 shares in the last quarter. American Century Companies Inc. raised its holdings in Xcel Energy by 1.9% in the 2nd quarter. American Century Companies Inc. now owns 5,202,538 shares of the utilities provider’s stock worth $237,652,000 after purchasing an additional 98,931 shares in the last quarter. Royal Bank of Canada raised its holdings in Xcel Energy by 4.5% in the 1st quarter. Royal Bank of Canada now owns 5,135,732 shares of the utilities provider’s stock worth $233,573,000 after purchasing an additional 221,783 shares in the last quarter. Legal & General Group Plc raised its holdings in Xcel Energy by 4.4% in the 2nd quarter. Legal & General Group Plc now owns 4,778,106 shares of the utilities provider’s stock worth $218,242,000 after purchasing an additional 201,064 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its holdings in Xcel Energy by 21.1% in the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,444,006 shares of the utilities provider’s stock worth $202,113,000 after purchasing an additional 773,629 shares in the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.
In other news, SVP Judy M. Poferl sold 7,182 shares of the company’s stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $48.67, for a total value of $349,547.94. Following the sale, the senior vice president now directly owns 25,460 shares of the company’s stock, valued at approximately $1,239,138.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lynn Casey bought 1,000 shares of Xcel Energy stock in a transaction dated Wednesday, September 5th. The stock was acquired at an average cost of $48.89 per share, for a total transaction of $48,890.00. Following the completion of the transaction, the director now directly owns 3,131 shares in the company, valued at $153,074.59. The disclosure for this purchase can be found here. 0.22% of the stock is owned by corporate insiders.
Several research analysts have commented on the stock. Morgan Stanley upped their price objective on shares of Xcel Energy from $49.00 to $52.00 and gave the stock an “overweight” rating in a report on Tuesday, September 11th. Zacks Investment Research raised shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research report on Thursday, September 27th. Bank of America reaffirmed a “neutral” rating on shares of Xcel Energy in a research report on Wednesday, June 27th. Finally, Barclays assumed coverage on shares of Xcel Energy in a research report on Tuesday, July 10th. They issued an “overweight” rating and a $53.00 target price on the stock. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Xcel Energy has an average rating of “Buy” and a consensus price target of $48.22.
NYSE:XEL opened at $47.65 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.87 and a debt-to-equity ratio of 1.27. Xcel Energy Inc has a 1-year low of $41.51 and a 1-year high of $52.22.
Xcel Energy (NYSE:XEL) last released its earnings results on Thursday, July 26th. The utilities provider reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.05. The firm had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.71 billion. Xcel Energy had a net margin of 10.06% and a return on equity of 10.44%. The company’s revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.45 EPS. As a group, equities research analysts anticipate that Xcel Energy Inc will post 2.44 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Saturday, October 20th. Stockholders of record on Friday, September 14th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend is Thursday, September 13th.
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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