American Century Companies Inc. lifted its stake in Xcel Energy Inc (NYSE:XEL) by 0.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,013,517 shares of the utilities provider’s stock after purchasing an additional 24,596 shares during the quarter. American Century Companies Inc. owned about 0.99% of Xcel Energy worth $241,200,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in shares of Xcel Energy by 6.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 30,317,644 shares of the utilities provider’s stock worth $1,436,147,000 after purchasing an additional 1,810,629 shares during the period. Ameriprise Financial Inc. raised 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 buying an additional 710,989 shares during the period. Boston Partners raised its holdings in Xcel Energy by 43.7% in the 4th quarter. Boston Partners now owns 5,126,143 shares of the utilities provider’s stock valued at $246,619,000 after buying an additional 1,557,929 shares during the period. Legal & General Group Plc raised its holdings in Xcel Energy by 5.1% in the 3rd quarter. Legal & General Group Plc now owns 4,434,759 shares of the utilities provider’s stock valued at $209,847,000 after buying an additional 214,654 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in Xcel Energy by 3.3% in the 3rd quarter. Wells Fargo & Company MN now owns 4,137,832 shares of the utilities provider’s stock valued at $195,802,000 after buying an additional 132,192 shares during the period. 73.96% of the stock is owned by hedge funds and other institutional investors.
XEL has been the topic of a number of recent research reports. Morgan Stanley upgraded shares of Xcel Energy from an “equal weight” rating to an “overweight” rating and set a $48.00 price target on the stock in a research note on Tuesday. SunTrust Banks set a $43.00 price objective on Xcel Energy and gave the stock a “hold” rating in a research report on Monday. Bank of America lowered their price objective on Xcel Energy from $49.00 to $47.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. UBS Group initiated coverage on Xcel Energy in a research report on Friday, February 2nd. They set a “neutral” rating and a $47.00 price objective for the company. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $49.00 price target on shares of Xcel Energy in a report on Thursday, February 1st. Nine research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $48.00.
Xcel Energy Inc (XEL) traded up $0.41 during trading on Tuesday, reaching $43.76. The company’s stock had a trading volume of 4,518,200 shares, compared to its average volume of 3,604,359. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.87 and a quick ratio of 0.68. The firm has a market capitalization of $22,011.52, a price-to-earnings ratio of 18.77, a price-to-earnings-growth ratio of 3.18 and a beta of 0.12. Xcel Energy Inc has a 12 month low of $41.16 and a 12 month high of $52.22.
Xcel Energy (NYSE:XEL) last posted its earnings results on Wednesday, February 7th. The utilities provider reported $0.42 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.01). The firm had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.84 billion. Xcel Energy had a net margin of 10.06% and a return on equity of 10.44%. The firm’s revenue for the quarter was up .0% on a year-over-year basis. During the same period last year, the company posted $0.45 EPS. equities research analysts anticipate that Xcel Energy Inc will post 2.44 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Saturday, January 20th. Investors of record on Thursday, December 28th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date was Wednesday, December 27th. Xcel Energy’s payout ratio is currently 63.72%.
In other Xcel Energy news, EVP Marvin E. Jr. Mcdaniel sold 5,176 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $51.07, for a total value of $264,338.32. Following the sale, the executive vice president now directly owns 81,371 shares of the company’s stock, valued at approximately $4,155,616.97. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.22% of the stock is owned by company insiders.
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Xcel Energy 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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