Two Sigma Advisers LP bought a new position in shares of Xcel Energy Inc (NYSE:XEL) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 718,697 shares of the utilities provider’s stock, valued at approximately $34,577,000. Two Sigma Advisers LP owned approximately 0.14% of Xcel Energy as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. First Republic Investment Management Inc. lifted its stake in Xcel Energy by 12.5% during the third quarter. First Republic Investment Management Inc. now owns 9,938 shares of the utilities provider’s stock worth $471,000 after purchasing an additional 1,106 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in Xcel Energy by 1.6% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 73,722 shares of the utilities provider’s stock worth $3,489,000 after buying an additional 1,129 shares during the period. Pacer Advisors Inc. increased its position in Xcel Energy by 10.4% in the third quarter. Pacer Advisors Inc. now owns 11,996 shares of the utilities provider’s stock worth $568,000 after buying an additional 1,131 shares during the period. BB&T Investment Services Inc. increased its position in Xcel Energy by 73.3% in the third quarter. BB&T Investment Services Inc. now owns 2,730 shares of the utilities provider’s stock worth $145,000 after buying an additional 1,155 shares during the period. Finally, Assetmark Inc. increased its holdings in shares of Xcel Energy by 118.9% during the third quarter. Assetmark Inc. now owns 2,191 shares of the utilities provider’s stock valued at $104,000 after purchasing an additional 1,190 shares during the period. Hedge funds and other institutional investors own 73.96% of the company’s stock.
Shares of XEL stock traded down $0.22 during trading on Friday, reaching $45.47. The company had a trading volume of 3,609,638 shares, compared to its average volume of 3,815,051. 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 $41.51 and a one year high of $52.22.
Xcel Energy (NYSE:XEL) last issued its quarterly 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). The business had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.84 billion. Xcel Energy had a return on equity of 10.44% and a net margin of 10.06%. The business’s quarterly revenue was up .0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.45 earnings per share. analysts anticipate that Xcel Energy Inc will post 2.44 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 20th. Shareholders of record on Thursday, March 15th will be given a $0.38 dividend. This is an increase from Xcel Energy’s previous quarterly dividend of $0.36. This represents a $1.52 annualized dividend and a yield of 3.34%. The ex-dividend date is Wednesday, March 14th.
A number of research analysts have recently commented on XEL shares. Royal Bank of Canada reissued a “hold” rating and set a $49.00 price target on shares of Xcel Energy in a report on Thursday, February 1st. SunTrust Banks reaffirmed a “hold” rating and set a $44.00 target price on shares of Xcel Energy in a report on Tuesday, December 26th. Bank of America decreased their price target 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. Morgan Stanley upgraded Xcel Energy from an “equal weight” rating to an “overweight” rating and set a $48.00 price target for the company in a research report on Tuesday, February 13th. Finally, Zacks Investment Research lowered Xcel Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Xcel Energy presently has an average rating of “Hold” and a consensus target price of $47.42.
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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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