Bruce & Co. Inc. maintained its stake in Xcel Energy Inc. (NYSE:XEL) during the fourth quarter, Holdings Channel reports. The firm owned 481,600 shares of the company’s stock at the end of the fourth quarter. Xcel Energy comprises approximately 5.1% of Bruce & Co. Inc.’s holdings, making the stock its 6th largest position. Bruce & Co. Inc.’s holdings in Xcel Energy were worth $19,601,000 as of its most recent filing with the SEC.
Other large investors also recently bought and sold shares of the company. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in shares of Xcel Energy during the fourth quarter valued at about $119,000. TLP Group LLC raised its stake in shares of Xcel Energy by 13.5% in the third quarter. TLP Group LLC now owns 2,935 shares of the company’s stock valued at $121,000 after buying an additional 348 shares during the last quarter. Sharkey Howes & Javer raised its stake in shares of Xcel Energy by 0.5% in the third quarter. Sharkey Howes & Javer now owns 2,961 shares of the company’s stock valued at $122,000 after buying an additional 15 shares during the last quarter. JNBA Financial Advisors raised its stake in shares of Xcel Energy by 634.3% in the fourth quarter. JNBA Financial Advisors now owns 3,194 shares of the company’s stock valued at $130,000 after buying an additional 2,759 shares during the last quarter. Finally, Hanson McClain Inc. raised its stake in shares of Xcel Energy by 43.2% in the second quarter. Hanson McClain Inc. now owns 3,018 shares of the company’s stock valued at $135,000 after buying an additional 911 shares during the last quarter. 70.91% of the stock is currently owned by institutional investors and hedge funds.
Shares of Xcel Energy Inc. (NYSE:XEL) traded down 0.845% on Tuesday, reaching $41.675. 1,701,055 shares of the company were exchanged. The firm has a market capitalization of $21.17 billion, a PE ratio of 18.875 and a beta of 0.09. Xcel Energy Inc. has a 12-month low of $38.00 and a 12-month high of $45.42. The company’s 50 day moving average is $41.02 and its 200 day moving average is $40.94.
Xcel Energy (NYSE:XEL) last announced its quarterly earnings data on Thursday, February 2nd. The company reported $0.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.01. The firm earned $2.79 billion during the quarter, compared to analyst estimates of $3.18 billion. Xcel Energy had a net margin of 10.11% and a return on equity of 10.41%. The business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.41 EPS. Analysts forecast that Xcel Energy Inc. will post $2.20 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 20th. Stockholders of record on Tuesday, December 27th were issued a $0.34 dividend. The ex-dividend date was Thursday, December 22nd. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.24%. Xcel Energy’s payout ratio is 61.54%.
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Several equities research analysts have issued reports on XEL shares. Zacks Investment Research lowered shares of Xcel Energy from a “buy” rating to a “hold” rating in a research note on Monday, December 5th. Barclays PLC lowered shares of Xcel Energy from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $44.00 to $42.00 in a research note on Friday, December 2nd. Finally, Jefferies Group LLC restated a “hold” rating and set a $44.00 price objective on shares of Xcel Energy in a research note on Monday, February 6th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $45.17.
In other Xcel Energy news, Director James T. Prokopanko acquired 1,000 shares of the stock in a transaction dated Tuesday, February 7th. The stock was purchased at an average cost of $41.45 per share, for a total transaction of $41,450.00. Following the acquisition, the director now owns 1,000 shares in the company, valued at approximately $41,450. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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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