Tokio Marine Asset Management Co. Ltd. Purchases 165 Shares of Xcel Energy Inc. (XEL)
Tokio Marine Asset Management Co. Ltd. increased its position in shares of Xcel Energy Inc. (NYSE:XEL) by 1.0% during the second quarter, Holdings Channel reports. The fund owned 16,530 shares of the company’s stock after buying an additional 165 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Xcel Energy were worth $740,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. City Holding Co. raised its stake in Xcel Energy by 1.5% in the second quarter. City Holding Co. now owns 2,776 shares of the company’s stock worth $124,000 after buying an additional 41 shares during the last quarter. Iowa State Bank bought a new stake in Xcel Energy during the second quarter worth approximately $125,000. Financial Architects Inc raised its stake in Xcel Energy by 39.7% in the second quarter. Financial Architects Inc now owns 3,926 shares of the company’s stock worth $176,000 after buying an additional 1,116 shares during the last quarter. Raymond James Trust N.A. bought a new stake in Xcel Energy during the second quarter worth approximately $210,000. Finally, Williams Jones & Associates LLC bought a new stake in Xcel Energy during the first quarter worth approximately $205,000. 70.91% of the stock is currently owned by institutional investors and hedge funds.
Xcel Energy Inc. (NYSE:XEL) traded up 0.28% during trading on Thursday, hitting $39.62. The stock had a trading volume of 3,740,686 shares. The company has a 50 day moving average of $41.64 and a 200-day moving average of $41.96. Xcel Energy Inc. has a 12-month low of $34.33 and a 12-month high of $45.42. The company has a market cap of $20.13 billion, a P/E ratio of 18.79 and a beta of 0.13.
Xcel Energy (NYSE:XEL) last announced its earnings results on Wednesday, August 3rd. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by $0.01. The company had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.52 billion. Xcel Energy had a return on equity of 10.10% and a net margin of 9.92%. The firm’s revenue for the quarter was down .6% on a year-over-year basis. During the same period last year, the firm earned $0.39 earnings per share. On average, equities analysts predict that Xcel Energy Inc. will post $2.20 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 20th. Stockholders of record on Thursday, September 15th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date of this dividend is Tuesday, September 13th. Xcel Energy’s dividend payout ratio (DPR) is presently 64.46%.
A number of analysts have issued reports on XEL shares. Jefferies Group raised their price target on Xcel Energy from $42.00 to $45.00 and gave the stock a “hold” rating in a research note on Thursday, August 4th. Argus reissued a “buy” rating and issued a $48.00 price target (up from $46.00) on shares of Xcel Energy in a research note on Wednesday, June 15th. Zacks Investment Research raised Xcel Energy from a “sell” rating to a “hold” rating in a research note on Monday, June 13th. SunTrust Banks Inc. raised their price target on Xcel Energy from $41.00 to $42.00 and gave the stock a “neutral” rating in a research note on Monday, September 26th. Finally, JPMorgan Chase & Co. raised Xcel Energy from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $39.00 to $47.00 in a research note on Thursday, June 16th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of C$44.00.
In other news, EVP Marvin E. Jr. Mcdaniel sold 11,900 shares of the business’s stock in a transaction on Friday, August 26th. The stock was sold at an average price of C$41.66, for a total transaction of C$495,754.00. Following 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.
Want to see what other hedge funds are holding XEL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xcel Energy Inc. (NYSE:XEL).
Receive News & Ratings for Xcel Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xcel Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.