Reilly Financial Advisors LLC Maintains Stake in Xcel Energy Inc. (NYSE:XEL)
Reilly Financial Advisors LLC continued to hold its position in shares of Xcel Energy Inc. (NYSE:XEL) during the second quarter, Holdings Channel reports. The firm owned 2,901 shares of the utilities provider’s stock at the end of the second quarter. Reilly Financial Advisors LLC’s holdings in Xcel Energy were worth $133,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. DekaBank Deutsche Girozentrale increased its stake in Xcel Energy by 13.2% in the first quarter. DekaBank Deutsche Girozentrale now owns 154,058 shares of the utilities provider’s stock valued at $6,883,000 after buying an additional 17,905 shares during the period. Greenleaf Trust acquired a new stake in Xcel Energy during the first quarter valued at approximately $221,000. BlackRock Inc. increased its stake in Xcel Energy by 2,692.8% in the first quarter. BlackRock Inc. now owns 41,639,955 shares of the utilities provider’s stock valued at $1,850,897,000 after buying an additional 40,148,954 shares during the period. AE Wealth Management LLC acquired a new stake in Xcel Energy during the first quarter valued at approximately $469,000. Finally, Blackstart Capital LP acquired a new stake in Xcel Energy during the first quarter valued at approximately $12,649,000. Institutional investors and hedge funds own 72.03% of the company’s stock.
Xcel Energy Inc. (NYSE:XEL) traded up 0.62% during trading on Friday, reaching $47.42. 2,787,748 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $46.82 and its 200-day moving average price is $44.38. The stock has a market cap of $24.08 billion, a P/E ratio of 21.52 and a beta of 0.19. Xcel Energy Inc. has a one year low of $38.00 and a one year high of $48.50.
Xcel Energy (NYSE:XEL) last issued its earnings results on Thursday, April 27th. The utilities provider reported $0.47 EPS for the quarter, missing the consensus estimate of $0.50 by $0.03. The company had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Xcel Energy had a return on equity of 10.24% and a net margin of 9.94%. Xcel Energy’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.47 earnings per share. On average, equities analysts anticipate that Xcel Energy Inc. will post $2.20 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, July 20th. Shareholders of record on Thursday, June 15th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Tuesday, June 13th. This represents a $1.44 annualized dividend and a dividend yield of 3.04%. Xcel Energy’s payout ratio is currently 65.16%.
Several analysts have recently commented on XEL shares. Mizuho started coverage on shares of Xcel Energy in a report on Wednesday, April 19th. They issued a “neutral” rating and a $44.00 price objective on the stock. Deutsche Bank AG upped their price objective on shares of Xcel Energy from $45.00 to $46.00 and gave the company a “hold” rating in a report on Friday, April 28th. Zacks Investment Research raised shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a report on Tuesday, April 4th. Argus increased their price target on shares of Xcel Energy from $50.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, June 14th. Finally, Barclays PLC reissued an “equal weight” rating and set a $47.00 price target (up from $44.00) on shares of Xcel Energy in a report on Sunday, April 23rd. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Xcel Energy has a consensus rating of “Hold” and an average price target of $46.70.
Xcel Energy Company Profile
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.
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.