Seeyond boosted its position in Xcel Energy Inc. (NASDAQ:XEL) by 0.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 37,183 shares of the company’s stock after buying an additional 167 shares during the period. Seeyond’s holdings in Xcel Energy were worth $2,449,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of XEL. Toroso Investments LLC acquired a new position in shares of Xcel Energy during the 2nd quarter worth approximately $298,000. APG Asset Management N.V. raised its stake in shares of Xcel Energy by 1.0% during the 2nd quarter. APG Asset Management N.V. now owns 2,080,854 shares of the company’s stock worth $115,597,000 after buying an additional 20,300 shares during the period. Inscription Capital LLC acquired a new position in shares of Xcel Energy during the 2nd quarter worth approximately $262,000. Alpha Paradigm Partners LLC raised its stake in shares of Xcel Energy by 32.1% during the 2nd quarter. Alpha Paradigm Partners LLC now owns 5,440 shares of the company’s stock worth $358,000 after buying an additional 1,321 shares during the period. Finally, Neuberger Berman Group LLC raised its stake in shares of Xcel Energy by 3.7% during the 2nd quarter. Neuberger Berman Group LLC now owns 10,231 shares of the company’s stock worth $540,000 after buying an additional 367 shares during the period. Hedge funds and other institutional investors own 76.33% of the company’s stock.
Several research analysts have recently weighed in on XEL shares. The Goldman Sachs Group raised Xcel Energy from a “neutral” rating to a “buy” rating and upped their target price for the stock from $73.00 to $76.00 in a research note on Tuesday. Barclays raised Xcel Energy from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $75.00 to $76.00 in a research note on Friday, October 1st. Finally, Mizuho increased their price objective on Xcel Energy from $63.00 to $70.00 and gave the company a “neutral” rating in a research note on Wednesday, August 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $72.13.
Xcel Energy (NASDAQ:XEL) last issued its earnings results on Thursday, July 29th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.02. The company had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $2.84 billion. Xcel Energy had a return on equity of 10.81% and a net margin of 12.28%. On average, analysts forecast that Xcel Energy Inc. will post 2.98 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 20th. Shareholders of record on Wednesday, September 15th will be issued a $0.4575 dividend. This represents a $1.83 annualized dividend and a yield of 2.81%. The ex-dividend date is Tuesday, September 14th. Xcel Energy’s payout ratio is currently 65.59%.
In other Xcel Energy news, Chairman Benjamin G. S. Fowke III sold 54,348 shares of the company’s stock in a transaction on Wednesday, September 1st. The stock was sold at an average price of $69.73, for a total value of $3,789,686.04. Following the completion of the sale, the chairman now directly owns 200,555 shares in the company, valued at approximately $13,984,700.15. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.21% of the stock is owned by corporate insiders.
Xcel Energy Company Profile
Xcel Energy, Inc operates as a holding company, which engages in the generation, purchase, transmission, distribution and sale of electricity. It operates through the following three segments: Regulated Electric Utility, Regulated Natural Gas Utility and All Others. The Regulated Electric Utility segment generates, transmits and distributes electricity primarily in portions of generates, transmits and distributes electricity in Minnesota, Wisconsin, Michigan, North Dakota, South Dakota, Colorado, Texas and New Mexico.
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