Sheets Smith Wealth Management lessened its stake in shares of Xcel Energy Inc (NYSE:XEL) by 14.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 35,475 shares of the utilities provider’s stock after selling 5,900 shares during the period. Sheets Smith Wealth Management’s holdings in Xcel Energy were worth $1,707,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Neuberger Berman Group LLC boosted its holdings in shares of Xcel Energy by 11.2% during the second quarter. Neuberger Berman Group LLC now owns 11,558 shares of the utilities provider’s stock worth $530,000 after purchasing an additional 1,168 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in shares of Xcel Energy by 6.9% during the second quarter. Oppenheimer Asset Management Inc. now owns 11,035 shares of the utilities provider’s stock worth $507,000 after purchasing an additional 715 shares during the last quarter. Private Advisor Group LLC boosted its holdings in shares of Xcel Energy by 1.8% during the second quarter. Private Advisor Group LLC now owns 12,050 shares of the utilities provider’s stock worth $549,000 after purchasing an additional 210 shares during the last quarter. Eaton Vance Management boosted its holdings in shares of Xcel Energy by 0.8% during the second quarter. Eaton Vance Management now owns 22,487 shares of the utilities provider’s stock worth $1,032,000 after purchasing an additional 185 shares during the last quarter. Finally, Aberdeen Asset Management PLC UK boosted its holdings in shares of Xcel Energy by 24.0% during the second quarter. Aberdeen Asset Management PLC UK now owns 176,180 shares of the utilities provider’s stock worth $8,084,000 after purchasing an additional 34,113 shares during the last quarter. Hedge funds and other institutional investors own 73.31% of the company’s stock.
Shares of Xcel Energy Inc (XEL) traded down $0.37 on Friday, hitting $45.15. The company had a trading volume of 3,422,567 shares, compared to its average volume of 3,150,000. The company has a quick ratio of 0.68, a current ratio of 0.87 and a debt-to-equity ratio of 1.27. The stock has a market cap of $22,930.00, a price-to-earnings ratio of 19.38, a P/E/G ratio of 3.51 and a beta of 0.21. Xcel Energy Inc has a twelve month low of $40.43 and a twelve month high of $52.22.
Xcel Energy (NYSE:XEL) last issued its earnings results on Thursday, October 26th. The utilities provider reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.05. The business had revenue of $3.02 billion for the quarter, compared to analyst estimates of $3.27 billion. Xcel Energy had a return on equity of 10.63% and a net margin of 10.40%. The business’s quarterly revenue was down .8% on a year-over-year basis. During the same period last year, the company posted $0.90 EPS. equities research analysts forecast that Xcel Energy Inc will post 2.31 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Saturday, January 20th. Investors of record on Thursday, December 28th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 3.19%. The ex-dividend date is Wednesday, December 27th. Xcel Energy’s dividend payout ratio (DPR) is currently 61.80%.
Several research firms have recently issued reports on XEL. Zacks Investment Research cut Xcel Energy from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. SunTrust Banks restated a “hold” rating and set a $48.00 price objective on shares of Xcel Energy in a report on Monday, December 4th. Morgan Stanley raised their price objective on Xcel Energy from $50.00 to $53.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 13th. ValuEngine upgraded Xcel Energy from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Finally, Bank of America began coverage on Xcel Energy in a report on Tuesday, October 24th. They set a “buy” rating and a $53.00 price objective on the stock. One analyst has rated the stock with a sell rating, eight have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Xcel Energy presently has an average rating of “Hold” and a consensus price target of $49.09.
In related news, Director Timothy V. Wolf sold 3,000 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $49.48, for a total value of $148,440.00. Following the transaction, the director now directly owns 3,700 shares of the company’s stock, valued at approximately $183,076. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Marvin E. Jr. Mcdaniel sold 5,176 shares of the stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $51.07, for a total value of $264,338.32. Following the completion of the transaction, the executive vice president now directly owns 81,371 shares in the company, valued at $4,155,616.97. The disclosure for this sale can be found here. Insiders sold a total of 28,363 shares of company stock worth $1,415,265 over the last ninety days. Corporate insiders own 0.22% of the company’s stock.
Xcel Energy 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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