Timber Hill LLC acquired a new stake in Xcel Energy Inc (NYSE:XEL) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 89,363 shares of the utilities provider’s stock, valued at approximately $4,299,000.
Several other institutional investors and hedge funds have also modified their holdings of the stock. BlackRock Inc. grew its position in shares of Xcel Energy by 0.4% in the 4th quarter. BlackRock Inc. now owns 42,686,068 shares of the utilities provider’s stock valued at $2,053,627,000 after purchasing an additional 190,067 shares during the period. JPMorgan Chase & Co. grew its position in shares of Xcel Energy by 6.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 30,317,644 shares of the utilities provider’s stock valued at $1,436,147,000 after purchasing an additional 1,810,629 shares during the period. Ameriprise Financial Inc. grew its position in shares of 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 during the period. Boston Partners grew its position in shares of 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 purchasing an additional 1,557,929 shares during the period. Finally, American Century Companies Inc. grew its position in shares of Xcel Energy by 0.5% in the 4th quarter. American Century Companies Inc. now owns 5,013,517 shares of the utilities provider’s stock valued at $241,200,000 after purchasing an additional 24,596 shares during the period. Institutional investors and hedge funds own 73.96% of the company’s stock.
In other news, EVP Marvin E. Jr. Mcdaniel sold 5,176 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $51.07, for a total transaction of $264,338.32. Following the sale, the executive vice president now owns 81,371 shares in the company, valued at approximately $4,155,616.97. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.22% of the company’s stock.
Several brokerages recently issued reports on XEL. Zacks Investment Research lowered Xcel Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. SunTrust Banks reiterated a “hold” rating and issued a $48.00 price objective on shares of Xcel Energy in a research report on Monday, December 4th. Morgan Stanley boosted their target price on Xcel Energy from $50.00 to $53.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 13th. ValuEngine upgraded Xcel Energy from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Finally, Bank of America assumed coverage on Xcel Energy in a research note on Tuesday, October 24th. They issued a “buy” rating and a $53.00 target price on the stock. Nine analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $48.00.
Shares of Xcel Energy Inc (NYSE:XEL) opened at $44.68 on Tuesday. The company has a market capitalization of $22,690.00, a P/E ratio of 19.77, a price-to-earnings-growth ratio of 3.18 and a beta of 0.12. 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 12 month low of $41.51 and a 12 month high of $52.22.
Xcel Energy (NYSE:XEL) last released its earnings results on Wednesday, February 7th. The utilities provider reported $0.42 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.01). Xcel Energy had a net margin of 10.06% and a return on equity of 10.44%. The firm had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.84 billion. During the same quarter in the previous year, the firm posted $0.45 EPS. The company’s revenue was up .0% on a year-over-year basis. equities research analysts expect that Xcel Energy Inc will post 2.44 earnings per share for the current fiscal year.
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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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