PGGM Investments increased its holdings in shares of Xcel Energy Inc (NYSE:XEL) by 36.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 954,700 shares of the utilities provider’s stock after acquiring an additional 254,945 shares during the quarter. PGGM Investments owned approximately 0.19% of Xcel Energy worth $45,931,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of XEL. Boston Partners lifted its holdings in Xcel Energy by 27,248.9% during the third quarter. Boston Partners now owns 3,568,214 shares of the utilities provider’s stock worth $168,848,000 after acquiring an additional 3,555,167 shares during the period. Janus Henderson Group PLC lifted its holdings in Xcel Energy by 3,077.7% during the second quarter. Janus Henderson Group PLC now owns 2,269,284 shares of the utilities provider’s stock worth $104,115,000 after acquiring an additional 2,197,872 shares during the period. JPMorgan Chase & Co. lifted its holdings in Xcel Energy by 6.4% during the third quarter. JPMorgan Chase & Co. now owns 30,317,644 shares of the utilities provider’s stock worth $1,436,147,000 after acquiring an additional 1,810,629 shares during the period. APG Asset Management N.V. lifted its holdings in Xcel Energy by 106.4% during the fourth quarter. APG Asset Management N.V. now owns 2,573,556 shares of the utilities provider’s stock worth $103,109,000 after acquiring an additional 1,326,900 shares during the period. Finally, State of Tennessee Treasury Department lifted its holdings in Xcel Energy by 409.3% during the third quarter. State of Tennessee Treasury Department now owns 980,444 shares of the utilities provider’s stock worth $46,394,000 after acquiring an additional 787,940 shares during the period. Institutional investors and hedge funds own 73.96% of the company’s stock.
In related news, EVP Marvin E. Jr. Mcdaniel sold 5,176 shares of the business’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $51.07, for a total transaction of $264,338.32. Following the completion of the transaction, the executive vice president now directly owns 81,371 shares in the company, valued at $4,155,616.97. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.22% of the stock is owned by insiders.
Xcel Energy (NYSE:XEL) last released its quarterly earnings data on Wednesday, February 7th. The utilities provider reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.01). Xcel Energy had a net margin of 10.06% and a return on equity of 10.44%. The company had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.84 billion. During the same quarter in the previous year, the firm posted $0.45 earnings per share. The business’s revenue for the quarter was up .0% compared to the same quarter last year. research analysts anticipate that Xcel Energy Inc will post 2.44 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Saturday, January 20th. Investors of record on Thursday, December 28th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 3.28%. The ex-dividend date was Wednesday, December 27th. Xcel Energy’s payout ratio is 63.72%.
Several brokerages have issued reports on XEL. SunTrust Banks set a $43.00 target price on Xcel Energy and gave the company a “hold” rating in a research note on Monday. UBS Group began coverage on Xcel Energy in a research note on Friday, February 2nd. They issued a “neutral” rating and a $47.00 target price on the stock. Bank of America lowered their target price on Xcel Energy from $49.00 to $47.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. Morgan Stanley upgraded Xcel Energy from an “equal weight” rating to an “overweight” rating and set a $48.00 target price on the stock in a research note on Tuesday. Finally, Royal Bank of Canada restated a “hold” rating and issued a $49.00 target price on shares of Xcel Energy in a research note on Thursday, February 1st. Nine investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Xcel Energy has a consensus rating of “Hold” and an average target price of $48.00.
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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