LSV Asset Management Trims Stake in Xcel Energy Inc (XEL)
LSV Asset Management trimmed its position in shares of Xcel Energy Inc (NYSE:XEL) by 68.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 103,800 shares of the utilities provider’s stock after selling 225,500 shares during the quarter. LSV Asset Management’s holdings in Xcel Energy were worth $4,993,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently made changes to their positions in XEL. 1st Global Advisors Inc. lifted its holdings in Xcel Energy by 0.4% in the 2nd quarter. 1st Global Advisors Inc. now owns 4,798 shares of the utilities provider’s stock worth $220,000 after purchasing an additional 17 shares during the last quarter. First Republic Investment Management Inc. lifted its holdings in Xcel Energy by 12.5% in the 3rd quarter. First Republic Investment Management Inc. now owns 9,938 shares of the utilities provider’s stock worth $471,000 after purchasing an additional 1,106 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in Xcel Energy by 1.6% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 73,722 shares of the utilities provider’s stock worth $3,489,000 after purchasing an additional 1,129 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in Xcel Energy by 10.4% in the 3rd quarter. Pacer Advisors Inc. now owns 11,996 shares of the utilities provider’s stock worth $568,000 after purchasing an additional 1,131 shares during the last quarter. Finally, BB&T Investment Services Inc. lifted its holdings in Xcel Energy by 73.3% in the 3rd quarter. BB&T Investment Services Inc. now owns 2,730 shares of the utilities provider’s stock worth $145,000 after purchasing an additional 1,155 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.
XEL has been the subject of several analyst reports. SunTrust Banks restated a “hold” rating and issued a $44.00 target price on shares of Xcel Energy in a report on Tuesday, December 26th. Royal Bank of Canada restated a “hold” rating and issued a $49.00 target price on shares of Xcel Energy in a report on Thursday, February 1st. ValuEngine upgraded Xcel Energy from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Bank of America reduced their target price on Xcel Energy from $49.00 to $47.00 and set a “buy” rating for the company in a report on Thursday, February 8th. Finally, Zacks Investment Research lowered Xcel Energy from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. Ten investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $48.42.
Xcel Energy (NYSE:XEL) last issued its quarterly earnings results on Wednesday, February 7th. The utilities provider reported $0.42 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.01). The business had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.84 billion. Xcel Energy had a return on equity of 10.44% and a net margin of 10.06%. The business’s quarterly revenue was up .0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.45 earnings per share. equities analysts anticipate that Xcel Energy Inc will post 2.44 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Saturday, January 20th. Shareholders of record on Thursday, December 28th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 3.29%. The ex-dividend date was Wednesday, December 27th. Xcel Energy’s dividend payout ratio is currently 63.72%.
In other Xcel Energy news, EVP Marvin E. Jr. Mcdaniel sold 5,176 shares of Xcel Energy stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 81,371 shares of the company’s stock, valued at approximately $4,155,616.97. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 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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