KAMES CAPITAL plc purchased a new position in Xcel Energy Inc (NYSE:XEL) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 11,509 shares of the utilities provider’s stock, valued at approximately $543,000.
A number of other hedge funds also recently added to or reduced their stakes in the business. Clinton Group Inc. purchased a new position in Xcel Energy in the 3rd quarter worth approximately $2,291,000. DNB Asset Management AS grew its stake in Xcel Energy by 4.0% in the 3rd quarter. DNB Asset Management AS now owns 28,400 shares of the utilities provider’s stock worth $1,341,000 after buying an additional 1,100 shares in the last quarter. Personal Capital Advisors Corp grew its stake in Xcel Energy by 48.9% in the 3rd quarter. Personal Capital Advisors Corp now owns 23,210 shares of the utilities provider’s stock worth $1,096,000 after buying an additional 7,620 shares in the last quarter. First PREMIER Bank grew its stake in Xcel Energy by 1.4% in the 3rd quarter. First PREMIER Bank now owns 92,413 shares of the utilities provider’s stock worth $4,362,000 after buying an additional 1,293 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its stake in Xcel Energy by 6.9% in the 3rd quarter. State of Alaska Department of Revenue now owns 427,924 shares of the utilities provider’s stock worth $20,201,000 after buying an additional 27,495 shares in the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.
In related news, SVP Judy M. Poferl sold 7,182 shares of the company’s stock in a transaction on Friday, September 7th. The shares were sold at an average price of $48.67, for a total transaction of $349,547.94. Following the completion of the sale, the senior vice president now directly owns 25,460 shares in the company, valued at approximately $1,239,138.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Lynn Casey purchased 1,000 shares of the stock in a transaction that occurred on Wednesday, September 5th. The shares were purchased at an average price of $48.89 per share, with a total value of $48,890.00. Following the completion of the acquisition, the director now directly owns 3,131 shares in the company, valued at $153,074.59. The disclosure for this purchase can be found here. Corporate insiders own 0.22% of the company’s stock.
Xcel Energy (NYSE:XEL) last announced its quarterly earnings data on Thursday, July 26th. The utilities provider reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.05. The firm had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.71 billion. Xcel Energy had a net margin of 10.06% and a return on equity of 10.44%. The business’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the previous year, the business posted $0.45 EPS. As a group, equities analysts predict that Xcel Energy Inc will post 2.44 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, October 20th. Stockholders of record on Friday, September 14th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.19%.
A number of equities research analysts have recently weighed in on XEL shares. Morgan Stanley boosted their price objective on shares of Xcel Energy from $49.00 to $52.00 and gave the stock an “overweight” rating in a report on Tuesday, September 11th. Zacks Investment Research upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a report on Thursday, September 27th. Barclays started coverage on shares of Xcel Energy in a report on Tuesday, July 10th. They issued an “overweight” rating and a $53.00 price objective for the company. Finally, Bank of America lowered shares of Xcel Energy from a “buy” rating to a “neutral” rating and set a $47.00 price objective for the company. in a report on Wednesday, June 20th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. Xcel Energy has a consensus rating of “Buy” and an average target price of $48.22.
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.
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