Xcel Energy Inc. (XEL) Shares Sold by National Asset Management Inc.
National Asset Management Inc. reduced its holdings in Xcel Energy Inc. (NYSE:XEL) by 0.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,145 shares of the utilities provider’s stock after selling 90 shares during the period. National Asset Management Inc.’s holdings in Xcel Energy were worth $558,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Sharkey Howes & Javer grew its holdings in Xcel Energy by 0.5% in the second quarter. Sharkey Howes & Javer now owns 3,010 shares of the utilities provider’s stock valued at $138,000 after purchasing an additional 16 shares during the period. Buckingham Asset Management LLC grew its holdings in Xcel Energy by 0.5% in the second quarter. Buckingham Asset Management LLC now owns 5,662 shares of the utilities provider’s stock valued at $260,000 after purchasing an additional 28 shares during the period. Eqis Capital Management Inc. grew its holdings in 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 purchasing an additional 29 shares during the period. Parallel Advisors LLC grew its holdings in Xcel Energy by 1.6% in the second quarter. Parallel Advisors LLC now owns 2,227 shares of the utilities provider’s stock valued at $105,000 after purchasing an additional 36 shares during the period. Finally, Cleararc Capital Inc. grew its holdings in 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 purchasing an additional 43 shares during the period. 72.45% of the stock is currently owned by institutional investors.
Several analysts have commented on the company. Zacks Investment Research raised Xcel Energy from a “sell” rating to a “hold” rating in a report on Friday. J P Morgan Chase & Co raised their price objective on Xcel Energy from $51.00 to $53.00 and gave the company an “overweight” rating in a report on Thursday. Royal Bank Of Canada reissued a “hold” rating and issued a $48.00 price objective on shares of Xcel Energy in a report on Tuesday. Jefferies Group LLC reissued a “hold” rating and issued a $50.00 price objective on shares of Xcel Energy in a report on Friday, October 6th. Finally, Mizuho reissued a “hold” rating and issued a $46.00 price objective on shares of Xcel Energy in a report on Friday, September 29th. Eight investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Xcel Energy presently has an average rating of “Hold” and an average target price of $48.67.
In related news, EVP Kent T. Larson sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $47.25, for a total value of $472,500.00. Following the sale, the executive vice president now owns 80,221 shares of the company’s stock, valued at approximately $3,790,442.25. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Daniel Yohannes bought 1,000 shares of Xcel Energy stock in a transaction that occurred on Tuesday, September 5th. The stock was bought at an average cost of $49.53 per share, for a total transaction of $49,530.00. Following the purchase, the director now owns 1,000 shares in the company, valued at approximately $49,530. The disclosure for this purchase can be found here. 0.22% of the stock is currently owned by corporate insiders.
Xcel Energy Inc. (NYSE XEL) traded down 0.31% during trading on Friday, hitting $48.61. The stock had a trading volume of 3,646,220 shares. The stock’s 50 day moving average price is $48.56 and its 200 day moving average price is $47.00. The firm has a market cap of $24.68 billion, a P/E ratio of 21.46 and a beta of 0.19. 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 for the quarter, topping analysts’ consensus estimates of $0.43 by $0.02. The business had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.63 billion. Xcel Energy had a return on equity of 10.42% and a net margin of 10.08%. The company’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.39 EPS. On average, analysts anticipate that Xcel Energy Inc. will post $2.20 EPS for the current fiscal year.
The business 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 $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date of this dividend is Thursday, September 14th. Xcel Energy’s payout ratio is currently 63.44%.
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Xcel Energy 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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