Xcel Energy Inc. (XEL) Shares Bought by Amalgamated Bank
Amalgamated Bank grew its stake in shares of Xcel Energy Inc. (NYSE:XEL) by 9.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 58,302 shares of the utilities provider’s stock after acquiring an additional 5,229 shares during the period. Amalgamated Bank’s holdings in Xcel Energy were worth $2,759,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its holdings in shares of Xcel Energy by 12.6% during 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 in the last quarter. Blair William & Co. IL grew its holdings in shares of Xcel Energy by 4.9% during 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 in the last quarter. OMERS ADMINISTRATION Corp bought a new stake in Xcel Energy in the second quarter worth $1,556,000. Prudential Financial Inc. boosted its holdings in Xcel Energy by 0.9% in the second quarter. Prudential Financial Inc. now owns 712,959 shares of the utilities provider’s stock worth $32,711,000 after purchasing an additional 6,550 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in Xcel Energy by 0.6% in the second quarter. Franklin Resources Inc. now owns 13,899,928 shares of the utilities provider’s stock worth $637,728,000 after purchasing an additional 85,566 shares in the last quarter. Institutional investors and hedge funds own 73.40% of the company’s stock.
A number of equities research analysts recently issued reports on XEL shares. Mizuho reiterated a “hold” rating and issued a $46.00 price objective on shares of Xcel Energy in a report on Friday, September 29th. ValuEngine upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Jefferies Group reiterated a “hold” rating and issued a $50.00 price objective on shares of Xcel Energy in a report on Thursday, August 31st. Bank of America started coverage on shares of Xcel Energy in a report on Tuesday, October 24th. They issued a “buy” rating and a $53.00 price objective for the company. Finally, Zacks Investment Research upgraded shares of Xcel Energy from a “sell” rating to a “hold” rating in a report on Friday, October 13th. Nine research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Xcel Energy currently has a consensus rating of “Hold” and an average price target of $48.91.
Xcel Energy Inc. (XEL) traded down $0.25 during trading on Friday, reaching $51.36. 3,058,018 shares of the company’s stock were exchanged, compared to its average volume of 2,596,994. The firm has a market cap of $26,080.00, a price-to-earnings ratio of 21.90, a price-to-earnings-growth ratio of 4.06 and a beta of 0.21. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.68 and a current ratio of 0.87. Xcel Energy Inc. has a 52-week low of $38.22 and a 52-week high of $52.22.
Xcel Energy (NYSE:XEL) last released its earnings results on Thursday, October 26th. The utilities provider reported $0.97 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.05. The firm had revenue of $3.02 billion during the quarter, compared to analyst estimates of $3.27 billion. Xcel Energy had a net margin of 10.40% and a return on equity of 10.63%. The business’s revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.90 EPS. analysts forecast that Xcel Energy Inc. will post 2.31 earnings per share for the current year.
In other Xcel Energy news, Director Timothy V. Wolf sold 3,000 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $49.48, for a total transaction of $148,440.00. Following the completion of the transaction, the director now owns 3,700 shares of the company’s stock, valued at approximately $183,076. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Mark E. Stoering sold 20,187 shares of the business’s 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 directly owns 48,424 shares of the company’s stock, valued at approximately $2,404,735.84. The disclosure for this sale can be found here. 0.22% of the stock is owned by insiders.
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.
Want to see what other hedge funds are holding XEL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xcel Energy Inc. (NYSE:XEL).
Receive News & Ratings for Xcel Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xcel Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.