Macquarie Group Ltd. increased its position in Xcel Energy Inc. (NYSE:XEL) by 5.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 460,773 shares of the utilities provider’s stock after acquiring an additional 24,631 shares during the period. Macquarie Group Ltd. owned approximately 0.09% of Xcel Energy worth $21,804,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Xcel Energy by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 36,034,296 shares of the utilities provider’s stock worth $1,653,253,000 after purchasing an additional 871,299 shares during the period. JPMorgan Chase & Co. raised 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 worth $1,307,902,000 after buying an additional 3,187,095 shares during the period. Franklin Resources Inc. raised 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 worth $637,728,000 after buying an additional 85,566 shares during the period. Ameriprise Financial Inc. increased its holdings in Xcel Energy by 12.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 6,547,453 shares of the utilities provider’s stock valued at $309,800,000 after purchasing an additional 710,989 shares in the last quarter. Finally, Commonwealth Bank of Australia increased its holdings in Xcel Energy by 26.9% in the 2nd quarter. Commonwealth Bank of Australia now owns 5,789,794 shares of the utilities provider’s stock valued at $265,634,000 after purchasing an additional 1,225,622 shares in the last quarter. Institutional investors and hedge funds own 73.41% of the company’s stock.
Several brokerages recently issued reports on XEL. SunTrust Banks reiterated a “hold” rating and issued a $47.00 price target on shares of Xcel Energy in a report on Tuesday, October 24th. Morgan Stanley raised their target price on Xcel Energy from $46.00 to $48.00 and gave the company an “equal weight” rating in a research note on Friday, September 8th. J P Morgan Chase & Co raised their target price on Xcel Energy from $51.00 to $53.00 and gave the company an “overweight” rating in a research note on Thursday, October 12th. BidaskClub upgraded Xcel Energy from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 23rd. Finally, Zacks Investment Research downgraded Xcel Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. Nine investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $49.00.
In other Xcel Energy news, insider Mark E. Stoering sold 20,187 shares of Xcel Energy 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 completion of the sale, the insider now owns 48,424 shares of the company’s stock, valued at approximately $2,404,735.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Timothy V. Wolf sold 3,000 shares of Xcel Energy stock in a transaction on Wednesday, November 1st. The shares were 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 of the company’s stock, valued at approximately $183,076. The disclosure for this sale can be found here. Insiders own 0.22% of the company’s stock.
Xcel Energy Inc. (XEL) traded down $0.28 during midday trading on Tuesday, hitting $51.08. 2,015,100 shares of the company were exchanged, compared to its average volume of 2,594,527. The company has a quick ratio of 0.68, a current ratio of 0.87 and a debt-to-equity ratio of 1.27. The firm has a market capitalization of $25,940.00, a price-to-earnings ratio of 21.95, a PEG ratio of 4.07 and a beta of 0.21. Xcel Energy Inc. has a fifty-two week low of $38.22 and a fifty-two week high of $52.22.
Xcel Energy (NYSE:XEL) last posted its quarterly earnings results on Thursday, October 26th. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.05. Xcel Energy had a net margin of 10.40% and a return on equity of 10.63%. The firm had revenue of $3.02 billion for the quarter, compared to analyst estimates of $3.27 billion. During the same quarter in the previous year, the business posted $0.90 earnings per share. The firm’s quarterly revenue was down .8% compared to the same quarter last year. analysts forecast that Xcel Energy Inc. will post 2.31 EPS for the current year.
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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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