US Bancorp DE reduced its stake in shares of Xcel Energy Inc. (NYSE:XEL) by 3.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 489,597 shares of the company’s stock after selling 15,412 shares during the period. US Bancorp DE owned 0.10% of Xcel Energy worth $20,142,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in Xcel Energy by 3.7% in the second quarter. Vanguard Group Inc. now owns 32,793,704 shares of the company’s stock valued at $1,468,502,000 after buying an additional 1,162,685 shares during the period. JPMorgan Chase & Co. boosted its position in Xcel Energy by 11.0% in the second quarter. JPMorgan Chase & Co. now owns 29,652,226 shares of the company’s stock valued at $1,327,827,000 after buying an additional 2,933,264 shares during the period. BlackRock Fund Advisors boosted its position in Xcel Energy by 9.3% in the second quarter. BlackRock Fund Advisors now owns 16,121,533 shares of the company’s stock valued at $721,922,000 after buying an additional 1,367,234 shares during the period. FMR LLC boosted its position in Xcel Energy by 7.0% in the second quarter. FMR LLC now owns 13,528,693 shares of the company’s stock valued at $605,815,000 after buying an additional 879,462 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its position in Xcel Energy by 3.8% in the second quarter. TIAA CREF Investment Management LLC now owns 5,338,316 shares of the company’s stock valued at $239,050,000 after buying an additional 193,019 shares during the period. 70.84% of the stock is owned by institutional investors.
Xcel Energy Inc. (NYSE:XEL) traded up 1.91% during midday trading on Friday, reaching $39.51. The company’s stock had a trading volume of 725,131 shares. Xcel Energy Inc. has a 1-year low of $34.33 and a 1-year high of $45.42. The firm has a 50 day moving average price of $39.94 and a 200 day moving average price of $41.79. The firm has a market capitalization of $20.07 billion, a PE ratio of 18.21 and a beta of 0.08.
Xcel Energy (NYSE:XEL) last issued its quarterly earnings data on Thursday, October 27th. The company reported $0.90 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.03. Xcel Energy had a return on equity of 10.29% and a net margin of 10.08%. The business had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $3.33 billion. During the same period last year, the business earned $0.84 EPS. The firm’s revenue was up 4.8% compared to the same quarter last year. On average, analysts predict that Xcel Energy Inc. will post $2.20 EPS for the current year.
XEL has been the subject of several research analyst reports. JPMorgan Chase & Co. set a $49.00 target price on Xcel Energy and gave the company a “buy” rating in a research note on Thursday, September 8th. SunTrust Banks Inc. increased their target price on Xcel Energy from $41.00 to $42.00 and gave the company a “neutral” rating in a research note on Monday, September 26th. Zacks Investment Research cut Xcel Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, September 21st. Argus reiterated a “buy” rating and set a $48.00 target price on shares of Xcel Energy in a research note on Monday, September 26th. Finally, Jefferies Group raised their price objective on Xcel Energy from $42.00 to $45.00 and gave the stock a “hold” rating in a research note on Thursday, August 4th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $43.25.
In other Xcel Energy news, insider David L. Eves sold 10,000 shares of Xcel Energy stock in a transaction that occurred on Thursday, November 3rd. The stock was sold at an average price of $40.57, for a total value of $405,700.00. Following the transaction, the insider now directly owns 50,362 shares of the company’s stock, valued at approximately $2,043,186.34. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.20% of the stock is owned by company insiders.
Xcel Energy Company Profile
Xcel Energy Inc is a public utility holding company. The Company’s operations include activity of four utility subsidiaries that serve electric and natural gas customers. Its segments are regulated electric utility, regulated natural gas utility and all other. The regulated electric utility segment generates, transmits and distributes electricity in Minnesota, Wisconsin, Michigan, North Dakota, South Dakota, Colorado, Texas and New Mexico.
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