Nisa Investment Advisors LLC lowered its position in Xcel Energy Inc. (NYSE:XEL) by 3.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 93,990 shares of the utilities provider’s stock after selling 3,050 shares during the period. Nisa Investment Advisors LLC’s holdings in Xcel Energy were worth $4,323,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the stock. Founders Capital Management purchased a new stake in Xcel Energy during the first quarter valued at $124,000. Reilly Financial Advisors LLC boosted its position in Xcel Energy by 5.8% in the first quarter. Reilly Financial Advisors LLC now owns 2,901 shares of the utilities provider’s stock valued at $129,000 after buying an additional 160 shares during the last quarter. Sharkey Howes & Javer boosted its position in Xcel Energy by 0.5% in the first quarter. Sharkey Howes & Javer now owns 2,994 shares of the utilities provider’s stock valued at $133,000 after buying an additional 16 shares during the last quarter. Independent Portfolio Consultants Inc. boosted its position in Xcel Energy by 89.9% in the second quarter. Independent Portfolio Consultants Inc. now owns 3,134 shares of the utilities provider’s stock valued at $144,000 after buying an additional 1,484 shares during the last quarter. Finally, Winslow Evans & Crocker Inc. boosted its stake in Xcel Energy by 8.8% in the second quarter. Winslow Evans & Crocker Inc. now owns 3,274 shares of the utilities provider’s stock worth $150,000 after buying an additional 266 shares in the last quarter. 72.60% of the stock is owned by institutional investors and hedge funds.
Shares of Xcel Energy Inc. (XEL) traded up 0.68% during trading on Friday, hitting $49.00. 2,236,647 shares of the stock traded hands. The company has a market cap of $24.88 billion, a PE ratio of 21.63 and a beta of 0.19. The firm has a 50 day moving average price of $47.07 and a 200-day moving average price of $45.35. Xcel Energy Inc. has a one year low of $38.00 and a one year high of $49.22.
Xcel Energy (NYSE:XEL) last posted its earnings results on Thursday, July 27th. The utilities provider reported $0.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.02. The business had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.63 billion. Xcel Energy had a net margin of 10.08% and a return on equity of 10.42%. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.39 earnings per share. Analysts anticipate that Xcel Energy Inc. will post $2.20 earnings per share for the current fiscal year.
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A number of equities research analysts recently issued reports on the company. Morgan Stanley upped their target price on Xcel Energy from $45.00 to $46.00 and gave the company an “equal weight” rating in a research note on Thursday, August 10th. Zacks Investment Research upgraded 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, June 22nd. Jefferies Group LLC reiterated a “hold” rating and issued a $48.00 price target on shares of Xcel Energy in a report on Friday, June 9th. BidaskClub upgraded Xcel Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Finally, BMO Capital Markets increased their price target on Xcel Energy from $46.00 to $47.00 and gave the company a “market perform” rating in a report on Friday, July 28th. Ten analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $46.67.
In related news, EVP Kent T. Larson sold 10,000 shares of the company’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $47.25, for a total value of $472,500.00. Following the sale, the executive vice president now owns 80,221 shares of the company’s stock, valued at $3,790,442.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.22% of the company’s stock.
Xcel Energy Company 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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