Xcel Energy Inc. (XEL) Shares Sold by BlackRock Advisors LLC
BlackRock Advisors LLC decreased its stake in Xcel Energy Inc. (NYSE:XEL) by 12.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 912,184 shares of the company’s stock after selling 126,232 shares during the period. BlackRock Advisors LLC owned 0.18% of Xcel Energy worth $40,848,000 as of its most recent filing with the SEC.
Several other large investors also recently modified their holdings of the company. Shell Asset Management Co. raised its position in Xcel Energy by 10.7% in the second quarter. Shell Asset Management Co. now owns 288,068 shares of the company’s stock worth $12,900,000 after buying an additional 27,811 shares in the last quarter. Barclays PLC increased its position in shares of Xcel Energy by 18.9% in the first quarter. Barclays PLC now owns 823,394 shares of the company’s stock valued at $33,758,000 after buying an additional 130,633 shares during the last quarter. Meeder Asset Management Inc. increased its position in shares of Xcel Energy by 1,002.3% in the second quarter. Meeder Asset Management Inc. now owns 16,755 shares of the company’s stock valued at $750,000 after buying an additional 15,235 shares during the last quarter. State Street Corp increased its position in shares of Xcel Energy by 7.4% in the first quarter. State Street Corp now owns 25,730,566 shares of the company’s stock valued at $1,076,045,000 after buying an additional 1,768,675 shares during the last quarter. Finally, Energy Income Partners LLC increased its position in shares of Xcel Energy by 112.8% in the first quarter. Energy Income Partners LLC now owns 237,134 shares of the company’s stock valued at $9,917,000 after buying an additional 125,714 shares during the last quarter. Institutional investors own 71.12% of the company’s stock.
Xcel Energy Inc. (NYSE:XEL) opened at 41.68 on Tuesday. The company has a 50-day moving average of $42.11 and a 200-day moving average of $41.90. The stock has a market cap of $21.17 billion, a PE ratio of 19.76 and a beta of 0.11. Xcel Energy Inc. has a 12 month low of $33.73 and a 12 month high of $45.42.
Xcel Energy (NYSE:XEL) last announced its earnings results on Wednesday, August 3rd. The company reported $0.39 EPS for the quarter, missing the Zacks’ consensus estimate of $0.40 by $0.01. Xcel Energy had a net margin of 9.92% and a return on equity of 10.10%. The business had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same period in the prior year, the company posted $0.39 earnings per share. The firm’s quarterly revenue was down .6% on a year-over-year basis. On average, equities analysts forecast that Xcel Energy Inc. will post $2.20 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 20th. Shareholders of record on Thursday, September 15th will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $1.36 dividend on an annualized basis and a yield of 3.26%. Xcel Energy’s dividend payout ratio is currently 64.46%.
Several brokerages have commented on XEL. Zacks Investment Research raised shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a report on Tuesday, July 12th. Jefferies Group raised their price target on shares of Xcel Energy from $42.00 to $45.00 and gave the company a “hold” rating in a report on Thursday, August 4th. JPMorgan Chase & Co. set a $49.00 price target on shares of Xcel Energy and gave the company a “buy” rating in a report on Thursday, September 8th. Argus reissued a “buy” rating and issued a $48.00 price target (up from $46.00) on shares of Xcel Energy in a report on Wednesday, June 15th. Finally, SunTrust Banks Inc. cut their price target on shares of Xcel Energy from $42.00 to $41.00 and set a “neutral” rating for the company in a report on Monday, August 29th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of C$43.75.
In other Xcel Energy news, EVP Marvin E. Jr. Mcdaniel sold 11,900 shares of the company’s stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of C$41.66, for a total transaction of C$495,754.00. Following the completion of the sale, the executive vice president now directly owns 79,404 shares of the company’s stock, valued at C$3,307,970.64. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.20% of the company’s stock.
Xcel Energy Company Profile
Xcel Energy Inc is a public utility holding company. The Company’s operations include activity of four utility subsidiaries that serve electric and natural gas customers. Its segments are regulated electric utility, regulated natural gas utility and all other. The regulated electric utility segment generates, transmits and distributes electricity in Minnesota, Wisconsin, Michigan, North Dakota, South Dakota, Colorado, Texas and New Mexico.
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