Xcel Energy Inc. (XEL) Stake Raised by USS Investment Management Ltd
USS Investment Management Ltd increased its stake in Xcel Energy Inc. (NYSE:XEL) by 12.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 157,182 shares of the utilities provider’s stock after buying an additional 17,300 shares during the quarter. USS Investment Management Ltd’s holdings in Xcel Energy were worth $7,435,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in XEL. JPMorgan Chase & Co. raised its stake in Xcel Energy by 12.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 28,507,015 shares of the utilities provider’s stock valued at $1,307,902,000 after acquiring an additional 3,187,095 shares during the period. Blair William & Co. IL raised its stake in Xcel Energy by 4.9% in the 2nd quarter. Blair William & Co. IL now owns 28,902 shares of the utilities provider’s stock valued at $1,326,000 after acquiring an additional 1,343 shares during the period. OMERS ADMINISTRATION Corp bought a new stake in Xcel Energy in the 2nd quarter valued at $1,556,000. Prudential Financial Inc. raised its stake in Xcel Energy by 0.9% in the 2nd quarter. Prudential Financial Inc. now owns 712,959 shares of the utilities provider’s stock valued at $32,711,000 after acquiring an additional 6,550 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in Xcel Energy by 72.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 5,836,464 shares of the utilities provider’s stock valued at $267,813,000 after acquiring an additional 2,446,904 shares during the period. 73.40% of the stock is owned by institutional investors.
XEL has been the topic of a number of research analyst reports. Jefferies Group restated a “hold” rating and issued a $50.00 price target on shares of Xcel Energy in a research note on Thursday, August 31st. J P Morgan Chase & Co increased their price target on Xcel Energy from $51.00 to $53.00 and gave the company an “overweight” rating in a research note on Thursday, October 12th. SunTrust Banks restated a “hold” rating and issued a $47.00 price target on shares of Xcel Energy in a research note on Tuesday, October 24th. Morgan Stanley increased 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, Royal Bank Of Canada restated a “hold” rating and issued a $48.00 price target on shares of Xcel Energy in a research note on Tuesday, October 10th. Nine research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Xcel Energy presently has a consensus rating of “Hold” and an average price target of $48.91.
In other Xcel Energy news, insider Mark E. Stoering sold 20,187 shares of the stock in a transaction on Monday, November 6th. The stock was sold at an average price of $49.66, for a total transaction of $1,002,486.42. Following the transaction, the insider now owns 48,424 shares in the company, valued at approximately $2,404,735.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Timothy V. Wolf sold 3,000 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $49.48, for a total value of $148,440.00. Following the transaction, the director now owns 3,700 shares in the company, valued at approximately $183,076. The disclosure for this sale can be found here. 0.22% of the stock is owned by company insiders.
Xcel Energy Inc. (NYSE XEL) traded up $0.39 during mid-day trading on Wednesday, reaching $51.25. The company’s stock had a trading volume of 2,445,500 shares, compared to its average volume of 2,588,137. The company has a quick ratio of 0.68, a current ratio of 0.87 and a debt-to-equity ratio of 1.27. The company has a market cap of $26,070.00, a PE ratio of 21.67, a price-to-earnings-growth ratio of 4.02 and a beta of 0.21. Xcel Energy Inc. has a 1 year low of $38.22 and a 1 year high of $52.22.
Xcel Energy (NYSE:XEL) last posted its quarterly earnings data on Thursday, October 26th. The utilities provider reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.05. The firm had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $3.27 billion. Xcel Energy had a return on equity of 10.63% and a net margin of 10.40%. The company’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter last year, the business earned $0.90 EPS. equities research analysts expect that Xcel Energy Inc. will post 2.31 earnings per share for the current fiscal year.
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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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