Ironwood Financial llc held its stake in Xcel Energy Inc (NYSE:XEL) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,860 shares of the utilities provider’s stock at the end of the first quarter. Ironwood Financial llc’s holdings in Xcel Energy were worth $172,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Stratos Wealth Partners LTD. raised its stake in Xcel Energy by 11.4% in the third quarter. Stratos Wealth Partners LTD. now owns 53,401 shares of the utilities provider’s stock worth $2,197,000 after buying an additional 5,486 shares in the last quarter. LMR Partners LLP raised its stake in Xcel Energy by 249.0% in the third quarter. LMR Partners LLP now owns 21,288 shares of the utilities provider’s stock worth $875,000 after buying an additional 15,188 shares in the last quarter. Mizuho Trust & Banking Co. Ltd. raised its stake in Xcel Energy by 4.4% in the third quarter. Mizuho Trust & Banking Co. Ltd. now owns 859,562 shares of the utilities provider’s stock worth $35,362,000 after buying an additional 36,617 shares in the last quarter. Keating Investment Counselors Inc. raised its stake in Xcel Energy by 3.7% in the third quarter. Keating Investment Counselors Inc. now owns 6,935 shares of the utilities provider’s stock worth $285,000 after buying an additional 250 shares in the last quarter. Finally, Huntington National Bank raised its stake in Xcel Energy by 85.3% in the third quarter. Huntington National Bank now owns 21,537 shares of the utilities provider’s stock worth $886,000 after buying an additional 9,916 shares in the last quarter. Institutional investors own 70.91% of the company’s stock.
Shares of Xcel Energy Inc (NYSE:XEL) traded up 0.29% during mid-day trading on Friday, hitting $45.05. The stock had a trading volume of 2,050,974 shares. The firm has a market cap of $22.85 billion, a PE ratio of 20.44 and a beta of 0.09. The stock’s 50-day moving average is $44.69 and its 200 day moving average is $41.91. Xcel Energy Inc has a 12 month low of $38.00 and a 12 month high of $45.44.
Xcel Energy (NYSE:XEL) last issued its quarterly earnings results on Thursday, April 27th. The utilities provider reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by $0.03. Xcel Energy had a return on equity of 10.41% and a net margin of 10.11%. The firm had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same quarter last year, the firm earned $0.47 earnings per share. The company’s revenue was up 6.3% compared to the same quarter last year. Equities research analysts predict that Xcel Energy Inc will post $2.20 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, April 20th. Stockholders of record on Wednesday, March 15th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.20%. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Monday, March 13th. Xcel Energy’s payout ratio is 61.54%.
A number of analysts have weighed in on the company. Mizuho assumed coverage on Xcel Energy in a report on Wednesday, April 19th. They set a “neutral” rating and a $44.00 target price for the company. Deutsche Bank AG upped their target price on Xcel Energy from $45.00 to $46.00 and gave the stock a “hold” rating in a report on Friday, April 28th. Jefferies Group LLC restated a “hold” rating and set a $46.00 target price on shares of Xcel Energy in a report on Thursday, April 27th. Barclays PLC restated an “equal weight” rating and set a $47.00 target price (up previously from $44.00) on shares of Xcel Energy in a report on Sunday, April 23rd. Finally, Zacks Investment Research lowered Xcel Energy from a “hold” rating to a “sell” rating in a report on Wednesday, April 12th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. Xcel Energy currently has a consensus rating of “Hold” and an average target price of $46.33.
In other news, Director James T. Prokopanko purchased 1,000 shares of the company’s stock in a transaction dated Tuesday, February 7th. The shares were acquired at an average cost of $41.45 per share, for a total transaction of $41,450.00. Following the completion of the purchase, the director now directly owns 1,000 shares in the company, valued at approximately $41,450. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.20% 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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