Johnson Financial Group LLC continued to hold its position in shares of Xcel Energy Inc. (NYSE:XEL) during the second quarter, Holdings Channel reports. The firm owned 4,742 shares of the utilities provider’s stock at the end of the second quarter. Johnson Financial Group LLC’s holdings in Xcel Energy were worth $217,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Sharkey Howes & Javer raised its position in shares of Xcel Energy by 0.5% in the first quarter. Sharkey Howes & Javer now owns 2,994 shares of the utilities provider’s stock worth $133,000 after buying an additional 16 shares during the period. Alpha Windward LLC raised its position in shares of Xcel Energy by 0.4% in the first quarter. Alpha Windward LLC now owns 4,022 shares of the utilities provider’s stock worth $179,000 after buying an additional 18 shares during the period. Eqis Capital Management Inc. raised its position in shares of Xcel Energy by 0.5% in the second quarter. Eqis Capital Management Inc. now owns 5,325 shares of the utilities provider’s stock worth $244,000 after buying an additional 29 shares during the period. Cleararc Capital Inc. raised its position in shares of Xcel Energy by 0.3% in the first quarter. Cleararc Capital Inc. now owns 12,391 shares of the utilities provider’s stock worth $551,000 after buying an additional 43 shares during the period. Finally, Windsor Capital Management LLC raised its position in shares of Xcel Energy by 0.4% in the first quarter. Windsor Capital Management LLC now owns 14,086 shares of the utilities provider’s stock worth $626,000 after buying an additional 60 shares during the period. 72.03% of the stock is owned by institutional investors and hedge funds.

Shares of Xcel Energy Inc. (XEL) traded up 0.011% during trading on Wednesday, reaching $46.405. The company’s stock had a trading volume of 1,170,470 shares. The company’s 50-day moving average is $46.87 and its 200-day moving average is $44.35. Xcel Energy Inc. has a 12 month low of $38.00 and a 12 month high of $48.50. The company has a market capitalization of $23.56 billion, a P/E ratio of 21.055 and a beta of 0.19.

Xcel Energy (NYSE:XEL) last issued its quarterly earnings results on Thursday, April 27th. The utilities provider reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by $0.03. The company had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.94 billion. Xcel Energy had a net margin of 9.94% and a return on equity of 10.24%. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.47 EPS. On average, analysts forecast that Xcel Energy Inc. will post $2.20 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 20th. Investors of record on Thursday, June 15th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date is Tuesday, June 13th. Xcel Energy’s dividend payout ratio is currently 65.16%.

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A number of equities analysts recently issued reports on the company. Zacks Investment Research lowered Xcel Energy from a “buy” rating to a “hold” rating in a report on Wednesday, June 28th. Jefferies Group LLC reissued a “hold” rating and issued a $48.00 price objective on shares of Xcel Energy in a report on Friday, June 9th. Deutsche Bank AG increased their price objective on Xcel Energy from $45.00 to $46.00 and gave the stock a “hold” rating in a report on Friday, April 28th. BidaskClub lowered Xcel Energy from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Finally, Argus increased their price objective on Xcel Energy from $50.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, June 14th. Nine analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $46.70.

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.

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Institutional Ownership by Quarter for Xcel Energy (NYSE:XEL)

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