Alerus Financial NA acquired a new position in Xcel Energy Inc (NYSE:XEL) during the first quarter, according to its most recent filing with the SEC. The firm acquired 8,510 shares of the utilities provider’s stock, valued at approximately $378,000.
Other institutional investors have also added to or reduced their stakes in the company. Whittier Trust Co. increased its position in Xcel Energy by 0.8% in the first quarter. Whittier Trust Co. now owns 18,180 shares of the utilities provider’s stock worth $808,000 after buying an additional 149 shares in the last quarter. Moloney Securities Asset Management LLC increased its position in Xcel Energy by 3.8% in the first quarter. Moloney Securities Asset Management LLC now owns 11,806 shares of the utilities provider’s stock worth $525,000 after buying an additional 437 shares in the last quarter. Breton Hill Capital Ltd. acquired a new position in Xcel Energy during the first quarter worth approximately $270,000. First Midwest Bank Trust Division increased its position in Xcel Energy by 1.7% in the first quarter. First Midwest Bank Trust Division now owns 10,505 shares of the utilities provider’s stock worth $467,000 after buying an additional 175 shares in the last quarter. Finally, IFP Advisors Inc increased its position in Xcel Energy by 1.6% in the first quarter. IFP Advisors Inc now owns 16,171 shares of the utilities provider’s stock worth $719,000 after buying an additional 260 shares in the last quarter. 70.91% of the stock is owned by hedge funds and other institutional investors.
Shares of Xcel Energy Inc (NYSE:XEL) traded down 0.04% during trading on Wednesday, hitting $44.79. 1,052,674 shares of the stock traded hands. The firm’s 50-day moving average price is $44.58 and its 200-day moving average price is $41.83. The company has a market cap of $22.72 billion, a price-to-earnings ratio of 20.32 and a beta of 0.09. Xcel Energy Inc has a 52 week low of $38.00 and a 52 week high of $45.44.
Xcel Energy (NYSE:XEL) last announced its earnings results on Thursday, April 27th. The utilities provider reported $0.47 EPS for the quarter, missing the consensus estimate of $0.50 by $0.03. The business had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.94 billion. Xcel Energy had a return on equity of 10.41% and a net margin of 10.11%. Xcel Energy’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.47 EPS. On average, equities research analysts anticipate that Xcel Energy Inc will post $2.20 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, April 20th. Stockholders of record on Wednesday, March 15th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 3.21%. The ex-dividend date of this dividend was Monday, March 13th. This is a boost from Xcel Energy’s previous quarterly dividend of $0.34. Xcel Energy’s dividend payout ratio is presently 61.54%.
Several equities analysts have recently issued reports on the stock. Deutsche Bank AG boosted their price target on shares of Xcel Energy from $45.00 to $46.00 and gave the company a “hold” rating in a report on Friday, April 28th. Jefferies Group LLC reissued a “hold” rating and set a $46.00 price target on shares of Xcel Energy in a report on Thursday, April 27th. Barclays PLC reissued an “equal weight” rating and set a $47.00 price target (up previously from $44.00) on shares of Xcel Energy in a report on Sunday, April 23rd. Mizuho assumed coverage on shares of Xcel Energy in a report on Wednesday, April 19th. They set a “neutral” rating and a $44.00 price target for the company. Finally, Zacks Investment Research downgraded shares of Xcel Energy from a “hold” rating to a “sell” rating in a report on Wednesday, April 12th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $46.33.
In other Xcel Energy news, Director James T. Prokopanko bought 1,000 shares of the firm’s stock in a transaction dated Tuesday, February 7th. The shares were bought at an average price of $41.45 per share, for a total transaction of $41,450.00. Following the completion of the acquisition, the director now owns 1,000 shares of the company’s stock, valued at $41,450. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.20% of the stock is currently owned by corporate insiders.
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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