Karp Capital Management Corp purchased a new position in shares of Xcel Energy Inc (NYSE:XEL) during the first quarter, according to its most recent disclosure with the SEC. The firm purchased 257,140 shares of the utilities provider’s stock, valued at approximately $11,430,000.
A number of other institutional investors have also made changes to their positions in XEL. Transamerica Financial Advisors Inc. increased its position in shares of Xcel Energy by 9.4% in the third quarter. Transamerica Financial Advisors Inc. now owns 47,630 shares of the utilities provider’s stock worth $1,960,000 after buying an additional 4,106 shares during the period. First National Bank Sioux Falls increased its position in shares of Xcel Energy by 32.2% in the third quarter. First National Bank Sioux Falls now owns 6,168 shares of the utilities provider’s stock worth $253,000 after buying an additional 1,501 shares during the period. Nicolet Bankshares Inc. increased its position in shares of Xcel Energy by 54.6% in the third quarter. Nicolet Bankshares Inc. now owns 7,590 shares of the utilities provider’s stock worth $312,000 after buying an additional 2,680 shares during the period. Sharkey Howes & Javer increased its position in shares of Xcel Energy by 0.5% in the third quarter. Sharkey Howes & Javer now owns 2,961 shares of the utilities provider’s stock worth $122,000 after buying an additional 15 shares during the period. Finally, Quantitative Investment Management LLC increased its position in shares of Xcel Energy by 20.2% in the third quarter. Quantitative Investment Management LLC now owns 147,500 shares of the utilities provider’s stock worth $6,068,000 after buying an additional 24,800 shares during the period. 70.91% of the stock is owned by hedge funds and other institutional investors.
Xcel Energy Inc (NYSE:XEL) traded up 0.35% during midday trading on Friday, hitting $45.80. The stock had a trading volume of 1,495,478 shares. The company has a 50-day moving average price of $44.92 and a 200-day moving average price of $42.23. Xcel Energy Inc has a 12-month low of $38.00 and a 12-month high of $46.07. The company has a market cap of $23.26 billion, a price-to-earnings ratio of 20.78 and a beta of 0.09.
Xcel Energy (NYSE:XEL) last posted its quarterly earnings results on Thursday, April 27th. The utilities provider reported $0.47 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by $0.03. The firm had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.94 billion. Xcel Energy had a net margin of 10.11% and a return on equity of 10.41%. The business’s revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.47 earnings per share. Equities analysts anticipate that Xcel Energy Inc will post $2.20 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, July 20th. Investors of record on Thursday, June 15th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 3.16%. The ex-dividend date is Tuesday, June 13th. Xcel Energy’s dividend payout ratio is currently 61.54%.
A number of equities analysts recently issued reports on the company. Mizuho started coverage on Xcel Energy in a report on Wednesday, April 19th. They issued a “neutral” rating and a $44.00 price target for the company. Deutsche Bank AG increased their price objective on Xcel Energy from $45.00 to $46.00 and gave the company a “hold” rating in a report on Friday, April 28th. Jefferies Group LLC reissued a “hold” rating and issued a $46.00 price objective on shares of Xcel Energy in a report on Thursday, April 27th. Barclays PLC reissued an “equal weight” rating and issued a $47.00 price objective (up from $44.00) on shares of Xcel Energy in a report on Sunday, April 23rd. Finally, Zacks Investment Research downgraded Xcel Energy from a “hold” rating to a “sell” rating in a report on Wednesday, April 12th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $46.33.
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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