Susquehanna International Group LLP decreased its holdings in Xcel Energy Inc (NYSE:XEL) by 15.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,842 shares of the utilities provider’s stock after selling 9,058 shares during the quarter. Susquehanna International Group LLP’s holdings in Xcel Energy were worth $2,311,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also made changes to their positions in the company. Schwab Charles Investment Management Inc. lifted its position in Xcel Energy by 4.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,739,569 shares of the utilities provider’s stock valued at $79,812,000 after buying an additional 80,793 shares during the period. Boston Partners lifted its position in Xcel Energy by 1.8% during the second quarter. Boston Partners now owns 13,047 shares of the utilities provider’s stock valued at $599,000 after buying an additional 228 shares during the period. Advisors Asset Management Inc. lifted its position in Xcel Energy by 5.0% during the second quarter. Advisors Asset Management Inc. now owns 34,589 shares of the utilities provider’s stock valued at $1,587,000 after buying an additional 1,642 shares during the period. Conning Inc. lifted its position in Xcel Energy by 1.9% during the second quarter. Conning Inc. now owns 13,387 shares of the utilities provider’s stock valued at $614,000 after buying an additional 249 shares during the period. Finally, Dupont Capital Management Corp purchased a new position in Xcel Energy during the second quarter valued at $135,000. 73.31% of the stock is owned by institutional investors.
Several research firms have recently issued reports on XEL. SunTrust Banks reaffirmed a “hold” rating and issued a $47.00 price target on shares of Xcel Energy in a research report on Tuesday, October 24th. Morgan Stanley lifted their price target on Xcel Energy from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Friday, September 8th. JPMorgan Chase & Co. lifted their price objective on Xcel Energy from $51.00 to $53.00 and gave the stock an “overweight” rating in a report on Thursday, October 12th. Zacks Investment Research downgraded Xcel Energy from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. Finally, Jefferies Group reiterated a “hold” rating and issued a $50.00 price objective on shares of Xcel Energy in a report on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $49.09.
Xcel Energy (NYSE:XEL) last posted its quarterly earnings results on Thursday, October 26th. The utilities provider reported $0.97 EPS for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.05. The company 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 firm’s revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.90 EPS. sell-side analysts predict that Xcel Energy Inc will post 2.31 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, January 20th. Stockholders of record on Thursday, December 28th will be issued a dividend of $0.36 per share. The ex-dividend date is Wednesday, December 27th. This represents a $1.44 annualized dividend and a dividend yield of 2.99%. Xcel Energy’s dividend payout ratio (DPR) is 61.54%.
In other news, insider Mark E. Stoering sold 20,187 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $2,404,735.84. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Timothy V. Wolf sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $49.48, for a total value of $148,440.00. Following the transaction, the director now directly owns 3,700 shares in the company, valued at approximately $183,076. The disclosure for this sale can be found here. Insiders have sold a total of 28,363 shares of company stock worth $1,415,265 over the last ninety days. Insiders own 0.22% of the company’s stock.
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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