4,415 Shares in Xcel Energy Inc. (XEL) Acquired by Tdam USA Inc.
Tdam USA Inc. bought a new position in Xcel Energy Inc. (NYSE:XEL) during the second quarter, Holdings Channel reports. The institutional investor bought 4,415 shares of the utilities provider’s stock, valued at approximately $203,000.
Other institutional investors also recently modified their holdings of the company. BlackRock Inc. increased its position in shares of Xcel Energy by 2,692.8% in the first quarter. BlackRock Inc. now owns 41,639,955 shares of the utilities provider’s stock worth $1,850,897,000 after buying an additional 40,148,954 shares in the last quarter. FMR LLC boosted its stake in shares of Xcel Energy by 10.2% in the first quarter. FMR LLC now owns 17,771,752 shares of the utilities provider’s stock valued at $789,955,000 after buying an additional 1,644,276 shares during the last quarter. Rothschild Asset Management Inc. boosted its stake in shares of Xcel Energy by 7,489.5% in the first quarter. Rothschild Asset Management Inc. now owns 1,338,709 shares of the utilities provider’s stock valued at $59,506,000 after buying an additional 1,321,070 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Xcel Energy by 3.4% in the first quarter. Vanguard Group Inc. now owns 35,162,997 shares of the utilities provider’s stock valued at $1,562,996,000 after buying an additional 1,152,946 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its stake in shares of Xcel Energy by 1,395.7% in the first quarter. Canada Pension Plan Investment Board now owns 916,037 shares of the utilities provider’s stock valued at $40,718,000 after buying an additional 854,794 shares during the last quarter. Institutional investors and hedge funds own 72.03% of the company’s stock.
Shares of Xcel Energy Inc. (NYSE:XEL) opened at 48.64 on Friday. The company’s 50-day moving average is $46.85 and its 200-day moving average is $45.07. The stock has a market cap of $24.70 billion, a PE ratio of 21.47 and a beta of 0.19. Xcel Energy Inc. has a 52-week low of $38.00 and a 52-week high of $48.72.
Xcel Energy (NYSE:XEL) last posted its quarterly earnings results on Thursday, July 27th. The utilities provider reported $0.45 EPS for the quarter, topping the consensus estimate of $0.43 by $0.02. Xcel Energy had a net margin of 10.08% and a return on equity of 10.42%. The company had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.63 billion. During the same quarter in the previous year, the business posted $0.39 EPS. The firm’s revenue was up 5.8% on a year-over-year basis. Equities analysts anticipate that Xcel Energy Inc. will post $2.20 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, July 20th. Shareholders of record on Thursday, June 15th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 2.96%. The ex-dividend date was Tuesday, June 13th. Xcel Energy’s dividend payout ratio (DPR) is presently 63.44%.
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Several equities research analysts have recently weighed in on XEL shares. Mizuho started coverage on shares of Xcel Energy in a research report on Wednesday, April 19th. They issued a “neutral” rating and a $44.00 price target for the company. BidaskClub cut shares of Xcel Energy from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 24th. Barclays PLC reaffirmed an “equal weight” rating and issued a $47.00 price target (up previously from $44.00) on shares of Xcel Energy in a research report on Sunday, April 23rd. Argus upped their price target on shares of Xcel Energy from $50.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, June 14th. Finally, Zacks Investment Research cut shares of Xcel Energy from a “buy” rating to a “hold” rating in a research report on Thursday, June 15th. Ten investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Xcel Energy has a consensus rating of “Hold” and an average target price of $46.67.
In other Xcel Energy news, EVP Kent T. Larson sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $47.25, for a total transaction of $472,500.00. Following the completion of the transaction, the executive vice president now owns 80,221 shares in the company, valued at approximately $3,790,442.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.22% of the company’s stock.
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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