BlackRock Inc. boosted its position in shares of Xcel Energy Inc. (NYSE:XEL) by 2,692.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 41,639,955 shares of the utilities provider’s stock after buying an additional 40,148,954 shares during the period. BlackRock Inc. owned approximately 0.08% of Xcel Energy worth $1,850,897,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Founders Capital Management purchased a new position in Xcel Energy during the first quarter worth $124,000. Reilly Financial Advisors LLC increased its position in Xcel Energy by 5.8% in the first quarter. Reilly Financial Advisors LLC now owns 2,901 shares of the utilities provider’s stock worth $129,000 after buying an additional 160 shares in the last quarter. Sharkey Howes & Javer increased its position in Xcel Energy by 0.5% in the first quarter. Sharkey Howes & Javer now owns 2,994 shares of the utilities provider’s stock worth $133,000 after buying an additional 16 shares in the last quarter. North Star Investment Management Corp. increased its position in Xcel Energy by 186.8% in the first quarter. North Star Investment Management Corp. now owns 3,685 shares of the utilities provider’s stock worth $164,000 after buying an additional 2,400 shares in the last quarter. Finally, JNBA Financial Advisors increased its position in Xcel Energy by 23.9% in the first quarter. JNBA Financial Advisors now owns 3,957 shares of the utilities provider’s stock worth $176,000 after buying an additional 763 shares in the last quarter. 72.14% of the stock is currently owned by institutional investors.
Xcel Energy Inc. (NYSE:XEL) traded up 0.13% during trading on Friday, reaching $47.40. The company’s stock had a trading volume of 492,244 shares. Xcel Energy Inc. has a one year low of $38.00 and a one year high of $48.50. The stock has a 50-day moving average of $46.57 and a 200 day moving average of $43.51. The firm has a market capitalization of $24.07 billion, a P/E ratio of 21.51 and a beta of 0.18.
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 analysts’ consensus estimates of $0.50 by $0.03. The company had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Xcel Energy had a net margin of 9.94% and a return on equity of 10.24%. Xcel Energy’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter last year, the company earned $0.47 earnings per share. On average, equities research analysts predict that Xcel Energy Inc. will post $2.20 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 20th. Stockholders of record on Thursday, June 15th will be given a $0.36 dividend. The ex-dividend date is Tuesday, June 13th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.04%. Xcel Energy’s dividend payout ratio (DPR) is presently 65.16%.
A number of research firms have weighed in on XEL. Zacks Investment Research raised Xcel Energy from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a report on Thursday. Argus upped their price target on Xcel Energy from $50.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, June 14th. Jefferies Group LLC restated a “hold” rating and issued a $48.00 price target on shares of Xcel Energy in a research report on Friday, June 9th. Royal Bank Of Canada restated a “hold” rating and issued a $45.00 price target on shares of Xcel Energy in a research report on Friday, March 17th. Finally, Deutsche Bank AG upped their price target on Xcel Energy from $44.00 to $45.00 and gave the stock a “hold” rating in a research report on Tuesday, April 11th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $47.44.
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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