Cambridge Investment Research Advisors Inc. Grows Stake in Xcel Energy Inc (XEL)

Cambridge Investment Research Advisors Inc. lifted its stake in shares of Xcel Energy Inc (NYSE:XEL) by 150.2% in the 1st quarter, HoldingsChannel reports. The fund owned 142,885 shares of the utilities provider’s stock after acquiring an additional 85,774 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Xcel Energy were worth $6,498,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Swiss National Bank boosted its stake in shares of Xcel Energy by 1.5% during the 4th quarter. Swiss National Bank now owns 3,017,983 shares of the utilities provider’s stock worth $145,195,000 after acquiring an additional 45,900 shares in the last quarter. Candriam Luxembourg S.C.A. boosted its stake in shares of Xcel Energy by 17.2% during the 4th quarter. Candriam Luxembourg S.C.A. now owns 67,170 shares of the utilities provider’s stock worth $3,232,000 after acquiring an additional 9,877 shares in the last quarter. Lazard Asset Management LLC boosted its stake in shares of Xcel Energy by 3.9% during the 4th quarter. Lazard Asset Management LLC now owns 1,351,511 shares of the utilities provider’s stock worth $65,020,000 after acquiring an additional 50,996 shares in the last quarter. Vident Investment Advisory LLC boosted its stake in shares of Xcel Energy by 28.2% during the 4th quarter. Vident Investment Advisory LLC now owns 11,277 shares of the utilities provider’s stock worth $543,000 after acquiring an additional 2,481 shares in the last quarter. Finally, First National Bank of Omaha boosted its stake in shares of Xcel Energy by 2.0% during the 4th quarter. First National Bank of Omaha now owns 185,658 shares of the utilities provider’s stock worth $8,932,000 after acquiring an additional 3,585 shares in the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.

Shares of Xcel Energy opened at $43.70 on Monday, Marketbeat Ratings reports. The company has a current ratio of 0.87, a quick ratio of 0.68 and a debt-to-equity ratio of 1.27. Xcel Energy Inc has a 12 month low of $41.51 and a 12 month high of $52.22.

Xcel Energy (NYSE:XEL) last issued its earnings results on Thursday, April 26th. The utilities provider reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.06. The business had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $2.98 billion. Xcel Energy had a return on equity of 10.44% and a net margin of 10.06%. Xcel Energy’s revenue was up .2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.47 earnings per share. research analysts predict that Xcel Energy Inc will post 2.44 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 20th. Stockholders of record on Friday, June 15th will be given a $0.38 dividend. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $1.52 annualized dividend and a dividend yield of 3.48%.

In other news, Chairman Benjamin G. S. Fowke III sold 80,000 shares of the firm’s stock in a transaction on Monday, April 30th. The stock was sold at an average price of $47.01, for a total value of $3,760,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.22% of the company’s stock.

Several equities research analysts have recently weighed in on XEL shares. Zacks Investment Research raised Xcel Energy from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research note on Thursday. Bank of America reduced their price objective on Xcel Energy from $49.00 to $47.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. Mizuho raised Xcel Energy from a “neutral” rating to a “buy” rating and set a $44.00 price objective for the company in a research note on Tuesday, March 27th. SunTrust Banks set a $43.00 price objective on Xcel Energy and gave the stock a “hold” rating in a research note on Monday, March 19th. Finally, Royal Bank of Canada reissued a “hold” rating and set a $49.00 price objective on shares of Xcel Energy in a research note on Thursday, February 1st. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $48.00.

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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Institutional Ownership by Quarter for Xcel Energy (NYSE:XEL)

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