Xcel Energy Inc. (XEL) Position Lowered by Keybank National Association OH
Keybank National Association OH reduced its stake in Xcel Energy Inc. (NYSE:XEL) by 3.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 68,757 shares of the utilities provider’s stock after selling 2,567 shares during the quarter. Keybank National Association OH’s holdings in Xcel Energy were worth $3,254,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Nicolet Bankshares Inc. lifted its stake in Xcel Energy by 37.6% in the third quarter. Nicolet Bankshares Inc. now owns 9,478 shares of the utilities provider’s stock valued at $448,000 after buying an additional 2,588 shares during the period. American Century Companies Inc. lifted its stake in Xcel Energy by 0.4% in the third quarter. American Century Companies Inc. now owns 4,988,921 shares of the utilities provider’s stock valued at $236,076,000 after buying an additional 20,811 shares during the period. State of Tennessee Treasury Department lifted its stake in Xcel Energy by 409.3% in the third quarter. State of Tennessee Treasury Department now owns 980,444 shares of the utilities provider’s stock valued at $46,394,000 after buying an additional 787,940 shares during the period. State of Wisconsin Investment Board lifted its stake in Xcel Energy by 6.7% in the third quarter. State of Wisconsin Investment Board now owns 448,547 shares of the utilities provider’s stock valued at $21,225,000 after buying an additional 27,975 shares during the period. Finally, Mn Services Vermogensbeheer B.V. lifted its stake in Xcel Energy by 1.5% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 83,731 shares of the utilities provider’s stock valued at $3,962,000 after buying an additional 1,200 shares during the period. 72.49% of the stock is currently owned by institutional investors.
Xcel Energy Inc. (XEL) opened at $50.51 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.68 and a debt-to-equity ratio of 1.27. Xcel Energy Inc. has a 12-month low of $38.00 and a 12-month high of $50.57. The firm has a market capitalization of $25,515.09, a P/E ratio of 21.47, a PEG ratio of 3.98 and a beta of 0.21.
Xcel Energy (NYSE:XEL) last announced its quarterly earnings data on Thursday, October 26th. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.05. The firm had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $3.27 billion. Xcel Energy had a return on equity of 10.63% and a net margin of 10.40%. The business’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.90 EPS. research analysts predict that Xcel Energy Inc. will post 2.31 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, October 20th. Stockholders of record on Friday, September 15th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.44 annualized dividend and a dividend yield of 2.85%. Xcel Energy’s payout ratio is 61.54%.
In other Xcel Energy news, Director Daniel Yohannes purchased 1,000 shares of the stock in a transaction on Tuesday, September 5th. The shares were purchased at an average price of $49.53 per share, with a total value of $49,530.00. Following the acquisition, the director now directly owns 1,000 shares in the company, valued at approximately $49,530. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Mark E. Stoering sold 20,187 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $49.66, for a total value of $1,002,486.42. Following the completion of the sale, the insider now directly owns 48,424 shares in the company, valued at approximately $2,404,735.84. The disclosure for this sale can be found here. Corporate insiders own 0.22% of the company’s stock.
Several equities analysts have issued reports on XEL shares. Bank of America Corporation started coverage on Xcel Energy in a research note on Tuesday, October 24th. They issued a “buy” rating and a $53.00 price target on the stock. BidaskClub raised Xcel Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. ValuEngine raised Xcel Energy from a “hold” rating to a “buy” rating in a research note on Thursday. Morgan Stanley boosted their price target on Xcel Energy from $46.00 to $48.00 and gave the company an “equal weight” rating in a research note on Friday, September 8th. Finally, Zacks Investment Research raised Xcel Energy from a “sell” rating to a “hold” rating in a research note on Friday, October 13th. Nine investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $48.91.
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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