Toronto Dominion Bank grew its stake in Xcel Energy Inc. (NYSE:XEL) by 25.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 172,003 shares of the utilities provider’s stock after acquiring an additional 35,120 shares during the period. Toronto Dominion Bank’s holdings in Xcel Energy were worth $7,890,000 as of its most recent filing with the SEC.
Several other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in Xcel Energy by 2,692.8% during the 1st quarter. BlackRock Inc. now owns 41,639,955 shares of the utilities provider’s stock worth $1,850,897,000 after buying an additional 40,148,954 shares during the period. Vanguard Group Inc. increased its position in shares of Xcel Energy by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 36,034,296 shares of the utilities provider’s stock valued at $1,653,253,000 after purchasing an additional 871,299 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Xcel Energy by 12.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 28,507,015 shares of the utilities provider’s stock valued at $1,307,902,000 after purchasing an additional 3,187,095 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Xcel Energy by 0.6% in the 2nd quarter. Franklin Resources Inc. now owns 13,899,928 shares of the utilities provider’s stock valued at $637,728,000 after purchasing an additional 85,566 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Xcel Energy by 72.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 5,836,464 shares of the utilities provider’s stock valued at $267,813,000 after purchasing an additional 2,446,904 shares during the last quarter. 72.51% of the stock is currently owned by institutional investors and hedge funds.
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In other Xcel Energy news, Director Daniel Yohannes purchased 1,000 shares of the company’s stock in a transaction dated Tuesday, September 5th. The shares were bought at an average price of $49.53 per share, with a total value of $49,530.00. Following the completion of the transaction, the director now directly owns 1,000 shares in the company, valued at approximately $49,530. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.22% of the company’s stock.
Xcel Energy Inc. (NYSE XEL) traded up 0.45% during mid-day trading on Friday, hitting $49.27. 684,378 shares of the stock traded hands. The firm has a market cap of $25.02 billion, a price-to-earnings ratio of 21.75 and a beta of 0.19. Xcel Energy Inc. has a 1-year low of $38.00 and a 1-year high of $50.56. The stock has a 50-day moving average of $48.49 and a 200 day moving average of $47.28.
Xcel Energy (NYSE:XEL) last issued its earnings results on Thursday, October 26th. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.05. Xcel Energy had a return on equity of 10.42% and a net margin of 10.08%. The firm had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $3.27 billion. During the same quarter last year, the business earned $0.90 earnings per share. The company’s revenue was down .8% compared to the same quarter last year. On average, equities analysts expect that Xcel Energy Inc. will post $2.20 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 20th. Stockholders of record on Friday, September 15th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date of this dividend was Thursday, September 14th. Xcel Energy’s dividend payout ratio is currently 63.44%.
A number of equities research analysts have commented on XEL shares. Jefferies Group LLC reissued a “hold” rating and issued a $50.00 price objective on shares of Xcel Energy in a research report on Thursday, August 31st. Morgan Stanley upped their target price on shares of Xcel Energy from $46.00 to $48.00 and gave the company an “equal weight” rating in a report on Friday, September 8th. BidaskClub cut shares of Xcel Energy from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. JPMorgan Chase & Co. upped their target price on shares of Xcel Energy from $51.00 to $53.00 and gave the company an “overweight” rating in a report on Thursday, October 12th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $48.00 target price on shares of Xcel Energy in a report on Tuesday, October 10th. Nine research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Xcel Energy presently has a consensus rating of “Hold” and a consensus target price of $48.91.
Xcel Energy Company Profile
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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