State Street Corp raised its position in Xcel Energy Inc. (NYSE:XEL) by 0.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 25,503,216 shares of the company’s stock after buying an additional 162,365 shares during the period. State Street Corp owned about 5.02% of Xcel Energy worth $1,037,982,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of XEL. Farmers & Merchants Trust Co of Chambersburg PA purchased a new stake in Xcel Energy during the fourth quarter worth about $119,000. TLP Group LLC increased its stake in Xcel Energy by 13.5% in the third quarter. TLP Group LLC now owns 2,935 shares of the company’s stock worth $121,000 after buying an additional 348 shares during the last quarter. Sharkey Howes & Javer increased its stake in Xcel Energy by 0.5% in the third quarter. Sharkey Howes & Javer now owns 2,961 shares of the company’s stock worth $122,000 after buying an additional 15 shares during the last quarter. JNBA Financial Advisors increased its stake in Xcel Energy by 634.3% in the fourth quarter. JNBA Financial Advisors now owns 3,194 shares of the company’s stock worth $130,000 after buying an additional 2,759 shares during the last quarter. Finally, Hanson McClain Inc. increased its stake in Xcel Energy by 43.2% in the second quarter. Hanson McClain Inc. now owns 3,018 shares of the company’s stock worth $135,000 after buying an additional 911 shares during the last quarter. 70.69% of the stock is currently owned by institutional investors.
Shares of Xcel Energy Inc. (NYSE:XEL) traded up 0.43% during trading on Friday, reaching $41.94. The company’s stock had a trading volume of 1,897,396 shares. Xcel Energy Inc. has a 1-year low of $38.00 and a 1-year high of $45.42. The stock has a 50 day moving average of $40.98 and a 200-day moving average of $40.99. The company has a market capitalization of $21.30 billion, a PE ratio of 18.99 and a beta of 0.09.
Xcel Energy (NYSE:XEL) last released its earnings results on Thursday, February 2nd. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.01. The business had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $3.18 billion. Xcel Energy had a return on equity of 10.41% and a net margin of 10.11%. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.41 earnings per share. On average, analysts expect that Xcel Energy Inc. will post $2.20 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, January 20th. Stockholders of record on Tuesday, December 27th were given a $0.34 dividend. The ex-dividend date of this dividend was Thursday, December 22nd. This represents a $1.36 annualized dividend and a dividend yield of 3.24%. Xcel Energy’s dividend payout ratio (DPR) is presently 61.54%.
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A number of analysts have issued reports on XEL shares. Zacks Investment Research downgraded Xcel Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, November 29th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $44.00 price objective on shares of Xcel Energy in a research note on Monday, February 6th. Finally, Barclays PLC downgraded Xcel Energy from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $44.00 to $42.00 in a research note on Friday, December 2nd. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $45.17.
In other news, Director James T. Prokopanko bought 1,000 shares of the firm’s stock in a transaction dated Tuesday, February 7th. The shares were acquired at an average price of $41.45 per share, for a total transaction of $41,450.00. Following the completion of the transaction, the director now directly owns 1,000 shares in the company, valued at approximately $41,450. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.20% of the company’s stock.
Xcel Energy Company Profile
Xcel Energy Inc is a public utility holding company. The Company’s operations include activity of four utility subsidiaries that serve electric and natural gas customers. Its segments are regulated electric utility, regulated natural gas utility and all other. The regulated electric utility segment generates, transmits and distributes electricity in Minnesota, Wisconsin, Michigan, North Dakota, South Dakota, Colorado, Texas and New Mexico.
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