Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in shares of Xcel Energy Inc (NYSE:XEL) by 4.3% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 139,489 shares of the utilities provider’s stock after acquiring an additional 5,761 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Xcel Energy were worth $8,411,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Magellan Asset Management Ltd raised its position in shares of Xcel Energy by 35.4% in the 4th quarter. Magellan Asset Management Ltd now owns 31,040,812 shares of the utilities provider’s stock valued at $1,970,781,000 after purchasing an additional 8,116,737 shares during the last quarter. State Street Corp increased its stake in Xcel Energy by 5.4% during the 4th quarter. State Street Corp now owns 28,435,978 shares of the utilities provider’s stock valued at $1,816,902,000 after purchasing an additional 1,444,840 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Xcel Energy by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 9,214,971 shares of the utilities provider’s stock worth $584,248,000 after buying an additional 195,516 shares during the last quarter. Pictet Asset Management Ltd. lifted its stake in shares of Xcel Energy by 13.2% during the fourth quarter. Pictet Asset Management Ltd. now owns 6,133,215 shares of the utilities provider’s stock worth $389,398,000 after buying an additional 716,835 shares during the period. Finally, Boston Partners grew its holdings in shares of Xcel Energy by 4.2% during the fourth quarter. Boston Partners now owns 4,490,669 shares of the utilities provider’s stock valued at $285,094,000 after buying an additional 182,061 shares during the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.
A number of equities analysts recently issued reports on the company. Barclays reduced their target price on Xcel Energy from $70.00 to $54.00 and set an “equal weight” rating for the company in a research note on Thursday, March 26th. UBS Group decreased their target price on Xcel Energy from $75.00 to $65.00 and set a “neutral” rating for the company in a report on Monday, March 16th. JPMorgan Chase & Co. dropped their target price on Xcel Energy from $69.00 to $64.00 and set an “overweight” rating on the stock in a research report on Friday, March 27th. BMO Capital Markets assumed coverage on shares of Xcel Energy in a research report on Wednesday, February 19th. They set a “market perform” rating and a $68.00 price target for the company. Finally, Morgan Stanley lowered shares of Xcel Energy from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $61.00 to $55.00 in a research note on Wednesday, May 13th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. Xcel Energy currently has an average rating of “Hold” and a consensus price target of $63.53.
Shares of XEL traded up $0.22 during trading hours on Friday, hitting $60.37. The stock had a trading volume of 2,006,844 shares, compared to its average volume of 3,971,080. The firm has a 50-day moving average price of $62.29 and a 200 day moving average price of $63.50. Xcel Energy Inc has a fifty-two week low of $46.58 and a fifty-two week high of $72.14.
Xcel Energy (NYSE:XEL) last released its quarterly earnings data on Thursday, May 7th. The utilities provider reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.03). The business had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $3.27 billion. During the same period last year, the firm earned $0.61 earnings per share. The business’s quarterly revenue was down 10.5% compared to the same quarter last year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Monday, June 15th will be paid a $0.43 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $1.72 annualized dividend and a dividend yield of 2.85%.
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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