BlackRock Inc. lifted its position in shares of Xcel Energy Inc (NYSE:XEL) by 2.4% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 43,709,878 shares of the utilities provider’s stock after buying an additional 1,023,810 shares during the quarter. BlackRock Inc. owned approximately 8.59% of Xcel Energy worth $1,987,925,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in XEL. SeaCrest Wealth Management LLC bought a new stake in Xcel Energy in the 4th quarter valued at $105,000. Dupont Capital Management Corp increased its holdings in Xcel Energy by 131.8% in the 1st quarter. Dupont Capital Management Corp now owns 2,666 shares of the utilities provider’s stock valued at $121,000 after acquiring an additional 1,516 shares during the last quarter. Avestar Capital LLC bought a new stake in Xcel Energy in the 4th quarter valued at $134,000. Weatherstone Capital Management bought a new stake in Xcel Energy in the 4th quarter valued at $208,000. Finally, UMB Bank N A MO bought a new stake in Xcel Energy in the 4th quarter valued at $212,000. Institutional investors own 73.96% of the company’s stock.
In related news, Chairman Benjamin G. S. Fowke III sold 80,000 shares of Xcel Energy stock in a transaction dated Monday, April 30th. The shares were sold at an average price of $47.01, for a total transaction of $3,760,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.22% of the stock is currently owned by insiders.
Xcel Energy opened at $44.36 on Thursday, Marketbeat reports. Xcel Energy Inc has a twelve month low of $41.51 and a twelve month high of $52.22. 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 (NYSE:XEL) last released its quarterly earnings results on Thursday, April 26th. The utilities provider reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.06. Xcel Energy had a net margin of 10.06% and a return on equity of 10.44%. The firm had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $2.98 billion. During the same period in the previous year, the company earned $0.47 EPS. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. research analysts predict that Xcel Energy Inc will post 2.44 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 20th. Investors of record on Friday, June 15th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.43%.
A number of analysts have issued reports on XEL shares. Royal Bank of Canada reiterated a “hold” rating and issued a $49.00 price target on shares of Xcel Energy in a report on Thursday, February 1st. UBS assumed coverage on shares of Xcel Energy in a report on Friday, February 2nd. They issued a “neutral” rating and a $47.00 target price on the stock. SunTrust Banks set a $43.00 target price on shares of Xcel Energy and gave the stock a “hold” rating in a report on Monday, February 5th. Bank of America reduced their target price on shares of Xcel Energy from $49.00 to $47.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. Finally, Morgan Stanley upgraded shares of Xcel Energy from an “equal weight” rating to an “overweight” rating and set a $48.00 target price on the stock in a report on Tuesday, February 13th. Six investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $48.00.
Xcel Energy Company 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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