Xcel Energy Inc. (XEL) Stake Maintained by AMF Pensionsforsakring AB
AMF Pensionsforsakring AB maintained its position in shares of Xcel Energy Inc. (NYSE:XEL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 868,143 shares of the utilities provider’s stock at the end of the second quarter. AMF Pensionsforsakring AB owned 0.17% of Xcel Energy worth $38,589,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of XEL. Founders Capital Management bought a new position in shares of Xcel Energy during the first quarter worth approximately $124,000. Reilly Financial Advisors LLC raised its stake in shares of Xcel Energy by 5.8% in the first quarter. Reilly Financial Advisors LLC now owns 2,901 shares of the utilities provider’s stock worth $129,000 after buying an additional 160 shares during the last quarter. Sharkey Howes & Javer raised its stake 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 last quarter. Independent Portfolio Consultants Inc. raised its stake in shares of Xcel Energy by 89.9% in the second quarter. Independent Portfolio Consultants Inc. now owns 3,134 shares of the utilities provider’s stock worth $144,000 after buying an additional 1,484 shares during the last quarter. Finally, Winslow Evans & Crocker Inc. raised its stake in shares of Xcel Energy by 8.8% in the second quarter. Winslow Evans & Crocker Inc. now owns 3,274 shares of the utilities provider’s stock worth $150,000 after buying an additional 266 shares during the last quarter. Institutional investors own 72.07% of the company’s stock.
Xcel Energy Inc. (NYSE XEL) traded down 0.66% on Tuesday, hitting $46.59. The company’s stock had a trading volume of 505,756 shares. The company has a market capitalization of $23.66 billion, a P/E ratio of 21.14 and a beta of 0.19. The company has a 50 day moving average price of $46.76 and a 200-day moving average price of $44.50. Xcel Energy Inc. has a 1-year low of $38.00 and a 1-year high of $48.50.
Xcel Energy (NYSE:XEL) last announced 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 firm had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.94 billion. Xcel Energy had a return on equity of 10.24% and a net margin of 9.94%. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.47 earnings per share. On average, equities analysts forecast that Xcel Energy Inc. will post $2.20 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 20th. Investors of record on Thursday, June 15th were issued a dividend of $0.36 per share. The ex-dividend date was Tuesday, June 13th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.07%. Xcel Energy’s payout ratio is 65.16%.
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A number of analysts have recently issued reports on the company. Zacks Investment Research lowered Xcel Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, June 28th. Jefferies Group LLC reaffirmed a “hold” rating and set a $48.00 target price on shares of Xcel Energy in a research report on Friday, June 9th. Deutsche Bank AG boosted their price objective on Xcel Energy from $45.00 to $46.00 and gave the company 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 boosted their price objective on Xcel Energy from $50.00 to $53.00 and gave the company a “buy” rating in a report on Wednesday, June 14th. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus 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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