Quantitative Systematic Strategies LLC acquired a new position in Xcel Energy Inc. (NYSE:XEL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,800 shares of the utilities provider’s stock, valued at approximately $221,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Reilly Financial Advisors LLC increased 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 in the last quarter. DekaBank Deutsche Girozentrale increased its position in Xcel Energy by 13.2% in the first quarter. DekaBank Deutsche Girozentrale now owns 154,058 shares of the utilities provider’s stock valued at $6,883,000 after buying an additional 17,905 shares in the last quarter. Blackstart Capital LP bought a new position in Xcel Energy during the first quarter valued at $12,649,000. Greenleaf Trust bought a new position in Xcel Energy during the first quarter valued at $221,000. Finally, BlackRock Inc. increased its position in Xcel Energy by 2,692.8% in the first quarter. BlackRock Inc. now owns 41,639,955 shares of the utilities provider’s stock valued at $1,850,897,000 after buying an additional 40,148,954 shares in the last quarter. 72.60% of the stock is currently owned by institutional investors and hedge funds.
Shares of Xcel Energy Inc. (XEL) opened at 49.00 on Friday. Xcel Energy Inc. has a one year low of $38.00 and a one year high of $49.22. The stock has a market capitalization 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 $47.15 and a 200 day moving average price of $45.41.
Xcel Energy (NYSE:XEL) last issued its quarterly earnings data 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. Xcel Energy had a return on equity of 10.42% and a net margin of 10.08%. The business had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.63 billion. During the same period in the previous year, the firm posted $0.39 earnings per share. The company’s revenue was up 5.8% on a year-over-year basis. Analysts predict that Xcel Energy Inc. will post $2.20 earnings per share for the current fiscal year.
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Several equities analysts have recently weighed in on XEL shares. Deutsche Bank AG boosted their target price on Xcel Energy from $45.00 to $46.00 and gave the company a “hold” rating in a research report on Friday, April 28th. Jefferies Group LLC reissued a “hold” rating and set a $46.00 target price on shares of Xcel Energy in a research report on Thursday, April 27th. Barclays PLC reissued an “equal weight” rating and set a $47.00 target price (up previously from $44.00) on shares of Xcel Energy in a research report on Sunday, April 23rd. BidaskClub upgraded Xcel Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Finally, Morgan Stanley boosted their price objective on Xcel Energy from $45.00 to $46.00 and gave the company an “equal weight” rating in a report on Thursday, August 10th. Ten analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $46.67.
In other news, EVP Kent T. Larson sold 10,000 shares of Xcel Energy stock in a transaction on Friday, July 28th. The stock was sold at an average price of $47.25, for a total value of $472,500.00. Following the completion of the sale, the executive vice president now directly owns 80,221 shares of the company’s stock, valued at $3,790,442.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 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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