Scout Investments Inc. purchased a new position in shares of Xcel Energy Inc (NYSE:XEL) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,200,475 shares of the utilities provider’s stock, valued at approximately $54,838,000. Xcel Energy comprises approximately 1.2% of Scout Investments Inc.’s investment portfolio, making the stock its 9th biggest holding.
Other institutional investors have also recently added to or reduced their stakes in the company. Dupont Capital Management Corp boosted its holdings in Xcel Energy by 131.8% during the first quarter. Dupont Capital Management Corp now owns 2,666 shares of the utilities provider’s stock worth $121,000 after purchasing an additional 1,516 shares during the last quarter. Point72 Asia Hong Kong Ltd boosted its holdings in Xcel Energy by 328.8% during the first quarter. Point72 Asia Hong Kong Ltd now owns 3,280 shares of the utilities provider’s stock worth $149,000 after purchasing an additional 2,515 shares during the last quarter. GSA Capital Partners LLP purchased a new position in Xcel Energy during the first quarter worth about $202,000. McKinley Carter Wealth Services Inc. purchased a new position in Xcel Energy during the first quarter worth about $223,000. Finally, Financial Advocates Investment Management purchased a new position in Xcel Energy during the fourth quarter worth about $250,000. Institutional investors and hedge funds own 73.96% of the company’s stock.
In other news, Director Timothy V. Wolf sold 3,163 shares of the business’s stock in a transaction that occurred on Tuesday, May 29th. The shares were sold at an average price of $45.15, for a total value of $142,809.45. Following the sale, the director now owns 1,000 shares of the company’s stock, valued at $45,150. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman Benjamin G. S. Fowke III sold 80,000 shares of the business’s stock in a transaction that occurred on Monday, April 30th. The shares were sold at an average price of $47.01, for a total transaction of $3,760,800.00. The disclosure for this sale can be found here. 0.22% of the stock is owned by insiders.
Xcel Energy traded down $0.18, reaching $46.09, during midday trading on Monday, according to Marketbeat.com. The company had a trading volume of 234,766 shares, compared to its average volume of 3,430,371. 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 released its earnings results on Thursday, April 26th. The utilities provider reported $0.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.06. The firm had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $2.98 billion. Xcel Energy had a net margin of 10.06% and a return on equity of 10.44%. The company’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the previous year, the company earned $0.47 earnings per share. sell-side analysts expect that Xcel Energy Inc will post 2.44 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 20th. Shareholders of record on Friday, June 15th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date is Thursday, June 14th.
XEL has been the topic of several analyst reports. SunTrust Banks set a $43.00 price target on shares of Xcel Energy and gave the stock a “hold” rating in a report on Monday, March 19th. Mizuho upgraded shares of Xcel Energy from a “neutral” rating to a “buy” rating and set a $44.00 price target on the stock in a report on Tuesday, March 27th. JPMorgan Chase & Co. boosted their price target on shares of Xcel Energy from $46.00 to $48.00 and gave the stock an “overweight” rating in a report on Wednesday, March 28th. Morgan Stanley boosted their price target on shares of Xcel Energy from $48.00 to $50.00 and gave the stock an “overweight” rating in a report on Monday, April 16th. Finally, Zacks Investment Research upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research note on Tuesday, April 17th. Seven equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Xcel Energy presently has a consensus rating of “Buy” and a consensus price target of $47.82.
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.
Further Reading: Understanding Analyst Ratings
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