Xcel Energy Inc. (XEL) Shares Bought by GW Henssler & Associates Ltd.
GW Henssler & Associates Ltd. boosted its stake in shares of Xcel Energy Inc. (NYSE:XEL) by 2.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,581 shares of the company’s stock after buying an additional 2,043 shares during the period. GW Henssler & Associates Ltd.’s holdings in Xcel Energy were worth $3,385,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in the stock. City Holding Co. increased its stake in shares of Xcel Energy by 1.5% in the second quarter. City Holding Co. now owns 2,776 shares of the company’s stock valued at $124,000 after buying an additional 41 shares in the last quarter. Iowa State Bank bought a new position in Xcel Energy during the second quarter valued at $125,000. Financial Architects Inc raised its position in Xcel Energy by 39.7% in the second quarter. Financial Architects Inc now owns 3,926 shares of the company’s stock valued at $176,000 after buying an additional 1,116 shares during the last quarter. Williams Jones & Associates LLC bought a new position in Xcel Energy during the first quarter valued at $205,000. Finally, Raymond James Trust N.A. bought a new position in Xcel Energy during the second quarter valued at $210,000. Institutional investors own 70.91% of the company’s stock.
Xcel Energy Inc. (NYSE:XEL) traded down 0.72% during trading on Friday, hitting $40.05. 2,539,325 shares of the stock were exchanged. The firm has a market capitalization of $20.34 billion, a price-to-earnings ratio of 18.99 and a beta of 0.13. The company has a 50-day moving average price of $41.26 and a 200 day moving average price of $41.91. Xcel Energy Inc. has a 1-year low of $34.33 and a 1-year high of $45.42.
Xcel Energy (NYSE:XEL) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by $0.01. The company earned $2.50 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Xcel Energy had a return on equity of 10.10% and a net margin of 9.92%. Xcel Energy’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.39 EPS. Equities analysts predict that Xcel Energy Inc. will post $2.20 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 20th. Stockholders of record on Thursday, September 15th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 3.40%. The ex-dividend date of this dividend is Tuesday, September 13th. Xcel Energy’s dividend payout ratio is presently 64.46%.
Several equities analysts recently weighed in on XEL shares. JPMorgan Chase & Co. set a $49.00 price target on shares of Xcel Energy and gave the company a “buy” rating in a research report on Thursday, September 8th. Zacks Investment Research lowered shares of Xcel Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, September 21st. SunTrust Banks Inc. increased their price target on shares of Xcel Energy from $41.00 to $42.00 and gave the company a “neutral” rating in a research report on Monday, September 26th. Argus restated a “buy” rating and set a $48.00 price target on shares of Xcel Energy in a research report on Monday, September 26th. Finally, Jefferies Group increased their price target on shares of Xcel Energy from $42.00 to $45.00 and gave the company a “hold” rating in a research report on Thursday, August 4th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of C$43.25.
In other news, EVP Marvin E. Jr. Mcdaniel sold 11,900 shares of Xcel Energy stock in a transaction dated Friday, August 26th. The stock was sold at an average price of C$41.66, for a total value of C$495,754.00. Following the completion of the transaction, the executive vice president now owns 79,404 shares of the company’s stock, valued at approximately C$3,307,970.64. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.20% of the stock is owned by insiders.
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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