Sei Investments Co. increased its stake in Xcel Energy Inc. (NYSE:XEL) by 62.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 279,650 shares of the utilities provider’s stock after buying an additional 108,030 shares during the period. Sei Investments Co. owned about 0.06% of Xcel Energy worth $12,830,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Reilly Financial Advisors LLC increased its position in shares of 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 shares of 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 during the period. Blackstart Capital LP acquired a new position in shares of Xcel Energy during the first quarter valued at $12,649,000. Greenleaf Trust acquired a new position in shares of Xcel Energy during the first quarter valued at $221,000. Finally, BlackRock Inc. increased its position in shares of 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 during the period. Hedge funds and other institutional investors own 72.60% of the company’s stock.
Shares of Xcel Energy Inc. (NYSE:XEL) traded up 0.68% during mid-day trading on Friday, reaching $49.00. 2,236,647 shares of the company were exchanged. The company has a market capitalization of $24.88 billion, a price-to-earnings ratio of 21.63 and a beta of 0.19. Xcel Energy Inc. has a 12 month low of $38.00 and a 12 month high of $49.22. The firm’s 50-day moving average is $47.15 and its 200-day moving average is $45.41.
Xcel Energy (NYSE:XEL) last posted its earnings results on Thursday, July 27th. The utilities provider reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.02. Xcel Energy had a net margin of 10.08% and a return on equity of 10.42%. The business had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.63 billion. During the same period last year, the business posted $0.39 EPS. Xcel Energy’s revenue was up 5.8% compared to the same quarter last year. On average, equities analysts forecast that Xcel Energy Inc. will post $2.20 earnings per share for the current fiscal year.
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Several research analysts have weighed in on XEL shares. BidaskClub downgraded Xcel Energy from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 24th. Morgan Stanley boosted their price target on Xcel Energy from $45.00 to $46.00 and gave the company an “equal weight” rating in a report on Thursday, August 10th. Barclays PLC reiterated an “equal weight” rating and issued a $47.00 price target (up from $44.00) on shares of Xcel Energy in a report on Sunday, April 23rd. Argus boosted their price objective on shares of Xcel Energy from $50.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, June 14th. Finally, Zacks Investment Research cut shares of Xcel Energy from a “buy” rating to a “hold” rating in a research note on Thursday, June 15th. Ten equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $46.67.
In related news, EVP Kent T. Larson sold 10,000 shares of the firm’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $47.25, for a total value of $472,500.00. Following the transaction, the executive vice president now directly owns 80,221 shares in the company, valued at approximately $3,790,442.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.22% of the company’s stock.
About Xcel Energy
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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