Ajo LP lifted its holdings in shares of Xcel Energy Inc. (NYSE:XEL) by 27.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 267,367 shares of the utilities provider’s stock after purchasing an additional 57,330 shares during the quarter. Ajo LP owned about 0.05% of Xcel Energy worth $12,267,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the company. Sharkey Howes & Javer lifted its position in shares of Xcel Energy by 0.5% during the first quarter. Sharkey Howes & Javer now owns 2,994 shares of the utilities provider’s stock worth $133,000 after purchasing an additional 16 shares in the last quarter. Buckingham Asset Management LLC lifted its position in shares of Xcel Energy by 0.5% during the second quarter. Buckingham Asset Management LLC now owns 5,662 shares of the utilities provider’s stock worth $260,000 after purchasing an additional 28 shares in the last quarter. Eqis Capital Management Inc. lifted its position in shares of Xcel Energy by 0.5% during the second quarter. Eqis Capital Management Inc. now owns 5,325 shares of the utilities provider’s stock worth $244,000 after purchasing an additional 29 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of Xcel Energy by 1.6% during the second quarter. Parallel Advisors LLC now owns 2,227 shares of the utilities provider’s stock worth $105,000 after purchasing an additional 36 shares in the last quarter. Finally, Cleararc Capital Inc. lifted its position in shares of Xcel Energy by 0.3% during the first quarter. Cleararc Capital Inc. now owns 12,391 shares of the utilities provider’s stock worth $551,000 after purchasing an additional 43 shares in the last quarter. 73.05% of the stock is currently owned by institutional investors and hedge funds.

Shares of Xcel Energy Inc. (NYSE XEL) opened at 48.80 on Thursday. The stock has a market capitalization of $24.78 billion, a P/E ratio of 21.55 and a beta of 0.20. The firm’s 50-day moving average price is $48.75 and its 200 day moving average price is $46.35. Xcel Energy Inc. has a 12-month low of $38.00 and a 12-month high of $50.56.

Xcel Energy (NYSE:XEL) last released its quarterly earnings results on Thursday, July 27th. The utilities provider reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.02. The company had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.63 billion. Xcel Energy had a return on equity of 10.42% and a net margin of 10.08%. The firm’s revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.39 EPS. Analysts predict that Xcel Energy Inc. will post $2.20 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, September 15th will be paid a dividend of $0.36 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.44 annualized dividend and a yield of 2.93%. Xcel Energy’s payout ratio is 63.44%.

Several brokerages have recently issued reports on XEL. Zacks Investment Research cut shares of Xcel Energy from a “buy” rating to a “hold” rating in a research report on Thursday, June 15th. Morgan Stanley increased their price target on shares of Xcel Energy from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Friday, September 8th. BidaskClub cut shares of Xcel Energy from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 24th. 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 research report on Wednesday, June 14th. Finally, BMO Capital Markets increased their price target on shares of Xcel Energy from $46.00 to $47.00 and gave the stock a “market perform” rating in a research report on Friday, July 28th. Ten equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $46.82.

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In related news, EVP Kent T. Larson sold 10,000 shares of the stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $47.25, for a total transaction of $472,500.00. Following the completion of the sale, the executive vice president now owns 80,221 shares in the company, valued at approximately $3,790,442.25. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Daniel Yohannes bought 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The shares were acquired at an average price of $49.53 per share, with a total value of $49,530.00. Following the purchase, the director now owns 1,000 shares in the company, valued at $49,530. The disclosure for this purchase can be found here. 0.22% of the stock is 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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