LS Investment Advisors LLC raised its holdings in shares of Xcel Energy Inc (NYSE:XEL) by 16.4% in the 1st quarter, Holdings Channel reports. The firm owned 54,667 shares of the utilities provider’s stock after purchasing an additional 7,716 shares during the quarter. LS Investment Advisors LLC’s holdings in Xcel Energy were worth $2,486,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also added to or reduced their stakes in XEL. Trust Department MB Financial Bank N A increased its stake in Xcel Energy by 1,159.1% during the fourth quarter. Trust Department MB Financial Bank N A now owns 5,540 shares of the utilities provider’s stock valued at $266,000 after purchasing an additional 5,100 shares during the last quarter. National Pension Service increased its stake in Xcel Energy by 2.0% during the fourth quarter. National Pension Service now owns 477,878 shares of the utilities provider’s stock valued at $22,991,000 after purchasing an additional 9,369 shares during the last quarter. Creative Planning increased its stake in Xcel Energy by 5.7% during the fourth quarter. Creative Planning now owns 104,444 shares of the utilities provider’s stock valued at $5,025,000 after purchasing an additional 5,601 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in Xcel Energy by 3.8% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,836,263 shares of the utilities provider’s stock valued at $88,343,000 after purchasing an additional 67,377 shares during the last quarter. Finally, Acadian Asset Management LLC increased its stake in Xcel Energy by 405.0% during the fourth quarter. Acadian Asset Management LLC now owns 34,171 shares of the utilities provider’s stock valued at $1,643,000 after purchasing an additional 27,405 shares during the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.
Several equities analysts have recently commented on the stock. SunTrust Banks set a $42.00 price target on shares of Xcel Energy and gave the stock a “hold” rating in a research report on Wednesday, January 17th. Zacks Investment Research lowered shares of Xcel Energy from a “hold” rating to a “sell” rating in a research report on Friday, March 9th. Morgan Stanley upped their price target on shares of Xcel Energy from $48.00 to $50.00 and gave the stock an “overweight” rating in a research report on Monday, April 16th. Mizuho upgraded shares of Xcel Energy from a “neutral” rating to a “buy” rating and set a $44.00 price target for the company in a research report on Tuesday, March 27th. Finally, UBS assumed coverage on shares of Xcel Energy in a research report on Friday, February 2nd. They set a “neutral” rating and a $47.00 price target for the company. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $48.00.
Xcel Energy stock opened at $45.01 on Tuesday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.68 and a current ratio of 0.87. Xcel Energy Inc has a one year low of $44.68 and a one year high of $45.40.
Xcel Energy (NYSE:XEL) last announced its earnings results on Thursday, April 26th. The utilities provider reported $0.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.06. The firm had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.98 billion. Xcel Energy had a net margin of 10.06% and a return on equity of 10.44%. Xcel Energy’s revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.47 EPS. analysts expect that Xcel Energy Inc will post 2.44 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, April 20th. Investors of record on Thursday, March 15th were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date of this dividend was Wednesday, March 14th. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.36.
In related news, Chairman Benjamin G. S. Fowke III sold 80,000 shares of the stock in a transaction dated Monday, April 30th. The shares were sold at an average price of $47.01, for a total value of $3,760,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.22% of the company’s stock.
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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