State of Wisconsin Investment Board grew its stake in shares of Xcel Energy Inc. (NYSE:XEL) by 6.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 448,547 shares of the utilities provider’s stock after acquiring an additional 27,975 shares during the period. State of Wisconsin Investment Board owned 0.09% of Xcel Energy worth $21,225,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of the business. Sharkey Howes & Javer lifted its position in Xcel Energy by 0.5% during the second quarter. Sharkey Howes & Javer now owns 3,010 shares of the utilities provider’s stock worth $138,000 after acquiring an additional 16 shares during the last quarter. 1st Global Advisors Inc. raised its position in shares of Xcel Energy by 0.4% in the second quarter. 1st Global Advisors Inc. now owns 4,798 shares of the utilities provider’s stock valued at $220,000 after buying an additional 17 shares in the last quarter. Buckingham Asset Management LLC raised its position in shares of Xcel Energy by 0.5% in the second quarter. Buckingham Asset Management LLC now owns 5,662 shares of the utilities provider’s stock valued at $260,000 after buying an additional 28 shares in the last quarter. Eqis Capital Management Inc. raised its position in shares of Xcel Energy by 0.5% in the second quarter. Eqis Capital Management Inc. now owns 5,325 shares of the utilities provider’s stock valued at $244,000 after buying an additional 29 shares in the last quarter. Finally, Parallel Advisors LLC raised its position in shares of Xcel Energy by 1.6% in the second quarter. Parallel Advisors LLC now owns 2,227 shares of the utilities provider’s stock valued at $105,000 after buying an additional 36 shares in the last quarter. Hedge funds and other institutional investors own 72.49% of the company’s stock.
Xcel Energy Inc. (XEL) opened at $50.20 on Friday. The stock has a market cap of $25,489.70, a P/E ratio of 21.45, a P/E/G ratio of 3.98 and a beta of 0.21. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.87 and a quick ratio of 0.68. Xcel Energy Inc. has a one year low of $38.20 and a one year high of $50.57.
Xcel Energy (NYSE:XEL) last announced its quarterly earnings data on Thursday, October 26th. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.05. The business had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $3.27 billion. Xcel Energy had a net margin of 10.40% and a return on equity of 10.63%. The firm’s quarterly revenue was down .8% compared to the same quarter last year. During the same period last year, the firm posted $0.90 earnings per share. equities analysts anticipate that Xcel Energy Inc. will post 2.31 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, October 20th. Shareholders of record on Friday, September 15th were paid a dividend of $0.36 per share. The ex-dividend date was Thursday, September 14th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.87%. Xcel Energy’s payout ratio is presently 61.54%.
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A number of equities research analysts have recently weighed in on XEL shares. BMO Capital Markets lifted their price target on shares of Xcel Energy from $46.00 to $47.00 and gave the company a “market perform” rating in a research report on Friday, July 28th. BidaskClub upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Morgan Stanley lifted their price target on shares of Xcel Energy from $45.00 to $46.00 and gave the company an “equal weight” rating in a research report on Thursday, August 10th. Jefferies Group LLC reiterated a “hold” rating and issued a $50.00 price target on shares of Xcel Energy in a research report on Thursday, August 31st. Finally, Zacks Investment Research downgraded shares of Xcel Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. Nine analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Xcel Energy has an average rating of “Hold” and a consensus target price of $48.91.
In other Xcel Energy news, insider Mark E. Stoering sold 20,187 shares of the business’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $49.66, for a total transaction of $1,002,486.42. Following the sale, the insider now owns 48,424 shares of the company’s stock, valued at $2,404,735.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Timothy V. Wolf sold 3,000 shares of the business’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $49.48, for a total transaction of $148,440.00. Following the sale, the director now directly owns 3,700 shares in the company, valued at approximately $183,076. The disclosure for this sale can be found here. Insiders own 0.22% of the company’s stock.
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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