OLD Republic International Corp maintained its stake in shares of Xcel Energy Inc. (NYSE:XEL) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 541,000 shares of the utilities provider’s stock at the end of the second quarter. OLD Republic International Corp’s holdings in Xcel Energy were worth $24,821,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. 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 valued at $133,000 after buying an additional 16 shares in the last quarter. Alpha Windward LLC raised its stake 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 valued at $179,000 after buying an additional 18 shares in the last quarter. Eqis Capital Management Inc. raised its stake 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 valued at $244,000 after buying an additional 29 shares in the last quarter. Cleararc Capital Inc. raised its stake 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 valued at $551,000 after buying an additional 43 shares in the last quarter. Finally, Park Avenue Securities LLC raised its stake in shares of Xcel Energy by 0.6% in the second quarter. Park Avenue Securities LLC now owns 8,121 shares of the utilities provider’s stock valued at $326,000 after buying an additional 46 shares in the last quarter. Hedge funds and other institutional investors own 72.03% of the company’s stock.

Shares of Xcel Energy Inc. (NYSE XEL) opened at 48.19 on Friday. Xcel Energy Inc. has a 12 month low of $38.00 and a 12 month high of $48.72. The firm’s 50-day moving average price is $46.87 and its 200 day moving average price is $45.12. The firm has a market capitalization of $24.47 billion, a P/E ratio of 21.28 and a beta of 0.19.

Xcel Energy (NYSE:XEL) last announced its quarterly earnings results on Thursday, July 27th. The utilities provider reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.02. Xcel Energy had a net margin of 10.08% and a return on equity of 10.42%. The firm had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.63 billion. During the same period in the previous year, the company earned $0.39 earnings per share. Xcel Energy’s quarterly revenue was up 5.8% compared to the same quarter last year. Analysts anticipate that Xcel Energy Inc. will post $2.20 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 20th. Stockholders of record on Thursday, June 15th were issued a $0.36 dividend. The ex-dividend date of this dividend was Tuesday, June 13th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.99%. Xcel Energy’s payout ratio is 63.44%.

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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 research note on Wednesday, June 28th. Jefferies Group LLC restated a “hold” rating and issued a $48.00 target price on shares of Xcel Energy in a research note on Friday, June 9th. Deutsche Bank AG raised their target price on Xcel Energy from $45.00 to $46.00 and gave the stock a “hold” rating in a research note on Friday, April 28th. BMO Capital Markets raised their target price on Xcel Energy from $46.00 to $47.00 and gave the stock a “market perform” rating in a research note on Friday, July 28th. Finally, BidaskClub lowered Xcel Energy from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Ten equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Xcel Energy presently has a consensus rating of “Hold” and a consensus target price of $46.67.

In other news, EVP Kent T. Larson sold 10,000 shares of the company’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $47.25, for a total value of $472,500.00. Following the completion of the sale, the executive vice president now directly owns 80,221 shares of the company’s stock, valued at $3,790,442.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.22% of the stock is currently owned by corporate insiders.

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.

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

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