Brown Advisory Inc. boosted its stake in Xcel Energy Inc. (NYSE:XEL) by 15.9% during the second quarter, Holdings Channel reports. The fund owned 6,302 shares of the company’s stock after buying an additional 863 shares during the period. Brown Advisory Inc.’s holdings in Xcel Energy were worth $282,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in shares of 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 last quarter. State Street Corp boosted its position in shares of Xcel Energy by 7.4% in the first quarter. State Street Corp now owns 25,730,566 shares of the company’s stock valued at $1,076,045,000 after buying an additional 1,768,675 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Xcel Energy by 26.4% in the second quarter. American Century Companies Inc. now owns 5,301,643 shares of the company’s stock valued at $237,408,000 after buying an additional 1,107,477 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Xcel Energy by 1.3% in the first quarter. Geode Capital Management LLC now owns 4,295,630 shares of the company’s stock valued at $179,295,000 after buying an additional 56,518 shares during the last quarter. Finally, Jennison Associates LLC boosted its position in shares of Xcel Energy by 6.2% in the second quarter. Jennison Associates LLC now owns 2,661,839 shares of the company’s stock valued at $119,197,000 after buying an additional 155,181 shares during the last quarter. 70.91% of the stock is currently owned by institutional investors and hedge funds.
Shares of Xcel Energy Inc. (NYSE:XEL) traded up 0.58% during mid-day trading on Wednesday, reaching $39.82. The company had a trading volume of 622,882 shares. The stock has a 50 day moving average of $41.78 and a 200-day moving average of $42.00. The company has a market capitalization of $20.23 billion, a price-to-earnings ratio of 18.88 and a beta of 0.13. Xcel Energy Inc. has a 52 week low of $34.33 and a 52 week high of $45.42.
Xcel Energy (NYSE:XEL) last announced its earnings results on Wednesday, August 3rd. The company reported $0.39 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by $0.01. Xcel Energy had a net margin of 9.92% and a return on equity of 10.10%. The business had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same period in the prior year, the company earned $0.39 earnings per share. The company’s quarterly revenue was down .6% on a year-over-year basis. On average, analysts expect that Xcel Energy Inc. will post $2.20 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 20th. Stockholders of record on Thursday, September 15th will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date of this dividend is Tuesday, September 13th. Xcel Energy’s dividend payout ratio is presently 64.46%.
Several research analysts have issued reports on XEL shares. JPMorgan Chase & Co. set a $49.00 target price on Xcel Energy and gave the stock a “buy” rating in a research report on Thursday, September 8th. Jefferies Group lifted their price objective on Xcel Energy from $42.00 to $45.00 and gave the company a “hold” rating in a research report on Thursday, August 4th. SunTrust Banks Inc. lifted their price objective on Xcel Energy from $41.00 to $42.00 and gave the company a “neutral” rating in a research report on Monday, September 26th. Zacks Investment Research raised Xcel Energy from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a research report on Tuesday, July 12th. Finally, Argus reaffirmed a “buy” rating and set a $48.00 price objective (up from $46.00) on shares of Xcel Energy in a research report on Wednesday, June 15th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. Xcel Energy has a consensus rating of “Hold” and a consensus target price of C$44.00.
In other news, EVP Marvin E. Jr. Mcdaniel sold 11,900 shares of the stock in a transaction dated Friday, August 26th. The stock was sold at an average price of C$41.66, for a total value of C$495,754.00. Following the transaction, the executive vice president now directly owns 79,404 shares of the company’s stock, valued at C$3,307,970.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.20% of the stock is owned by insiders.
About Xcel Energy
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.