Ironwood Financial llc Has $173,000 Position in Xcel Energy Inc. (XEL)
Ironwood Financial llc maintained its stake in shares of Xcel Energy Inc. (NYSE:XEL) during the second quarter, Holdings Channel reports. The firm owned 3,860 shares of the company’s stock at the end of the second quarter. Ironwood Financial llc’s holdings in Xcel Energy were worth $173,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in XEL. Shell Asset Management Co. increased its stake in shares of Xcel Energy by 10.7% in the second quarter. Shell Asset Management Co. now owns 288,068 shares of the company’s stock valued at $12,900,000 after buying an additional 27,811 shares in the last quarter. Barclays PLC increased its stake 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 in the last quarter. Retirement Systems of Alabama increased its stake in shares of Xcel Energy by 0.8% in the second quarter. Retirement Systems of Alabama now owns 258,960 shares of the company’s stock valued at $11,596,000 after buying an additional 2,001 shares in the last quarter. Meeder Asset Management Inc. increased its stake 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 in the last quarter. Finally, State Street Corp increased its stake 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 in the last quarter. 70.93% of the stock is owned by institutional investors and hedge funds.
Shares of Xcel Energy Inc. (NYSE:XEL) traded up 0.50% on Tuesday, reaching $40.54. The company’s stock had a trading volume of 2,721,311 shares. Xcel Energy Inc. has a 1-year low of $34.33 and a 1-year high of $45.42. The stock has a market cap of $20.59 billion, a PE ratio of 19.22 and a beta of 0.13. The company’s 50 day moving average is $41.17 and its 200-day moving average is $41.90.
Xcel Energy (NYSE:XEL) last released its earnings results on Wednesday, August 3rd. The company reported $0.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by $0.01. The firm earned $2.50 billion during the quarter, compared to analyst estimates of $2.52 billion. Xcel Energy had a net margin of 9.92% and a return on equity of 10.10%. The firm’s quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the business posted $0.39 earnings per share. On average, equities analysts predict that Xcel Energy Inc. will post $2.20 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 20th. Stockholders of record on Thursday, September 15th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $1.36 annualized dividend and a dividend yield of 3.35%. Xcel Energy’s dividend payout ratio (DPR) is currently 64.46%.
Several equities research analysts have recently commented on XEL shares. JPMorgan Chase & Co. set a $49.00 target price on Xcel Energy and gave the company a “buy” rating in a report on Thursday, September 8th. Zacks Investment Research lowered Xcel Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, September 21st. SunTrust Banks Inc. upped their price target on Xcel Energy from $41.00 to $42.00 and gave the company a “neutral” rating in a research report on Monday, September 26th. Argus reissued 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 upped their price target on Xcel Energy from $42.00 to $45.00 and gave the company a “hold” rating in a research report on Thursday, August 4th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Xcel Energy currently has an average 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 on 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 sale, the executive vice president now directly 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 Securities & Exchange Commission, which can be accessed through this link. 0.20% of the stock is owned by insiders.
About Xcel Energy
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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