Insider Buying: Xcel Energy Inc. (XEL) Director Purchases 1,000 Shares of Stock
Xcel Energy Inc. (NYSE:XEL) Director Daniel Yohannes bought 1,000 shares of the stock in a transaction dated Tuesday, September 5th. The shares were acquired at an average cost of $49.53 per share, for a total transaction of $49,530.00. Following the completion of the acquisition, the director now directly owns 1,000 shares of the company’s stock, valued at approximately $49,530. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Xcel Energy Inc. (NYSE XEL) traded up 0.272% during mid-day trading on Thursday, hitting $49.695. 1,642,929 shares of the company traded hands. Xcel Energy Inc. has a one year low of $38.00 and a one year high of $49.92. The firm has a 50 day moving average of $48.40 and a 200 day moving average of $46.14. The firm has a market capitalization of $25.23 billion, a P/E ratio of 21.940 and a beta of 0.20.
Xcel Energy (NYSE:XEL) last posted its earnings results on Thursday, July 27th. The utilities provider reported $0.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.02. The business had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.63 billion. Xcel Energy had a net margin of 10.08% and a return on equity of 10.42%. Xcel Energy’s revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.39 EPS. Equities research analysts expect that Xcel Energy Inc. will post $2.20 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, September 15th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date is Thursday, September 14th. Xcel Energy’s dividend payout ratio (DPR) is presently 63.44%.
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Several research analysts have recently commented on XEL shares. BidaskClub cut shares of Xcel Energy from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 24th. Morgan Stanley raised their target price on shares of Xcel Energy from $45.00 to $46.00 and gave the stock an “equal weight” rating in a report on Thursday, August 10th. Argus raised their target price on shares of Xcel Energy from $50.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, June 14th. Jefferies Group LLC reaffirmed a “hold” rating and set a $50.00 target price on shares of Xcel Energy in a report on Thursday, August 31st. Finally, Zacks Investment Research cut shares of Xcel Energy from a “buy” rating to a “hold” rating in a report on Thursday, June 15th. Ten equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $46.83.
Institutional investors have recently bought and sold shares of the stock. Parallel Advisors LLC increased its holdings in Xcel Energy by 1.6% during the 2nd quarter. Parallel Advisors LLC now owns 2,227 shares of the utilities provider’s stock worth $105,000 after acquiring an additional 36 shares during the period. Carroll Financial Associates Inc. increased its holdings in Xcel Energy by 14.5% during the 2nd quarter. Carroll Financial Associates Inc. now owns 2,365 shares of the utilities provider’s stock worth $108,000 after acquiring an additional 300 shares during the period. Sandy Spring Bank increased its holdings in Xcel Energy by 24.8% during the 2nd quarter. Sandy Spring Bank now owns 2,401 shares of the utilities provider’s stock worth $110,000 after acquiring an additional 477 shares during the period. Founders Capital Management bought a new stake in Xcel Energy during the 1st quarter worth approximately $124,000. Finally, Sharkey Howes & Javer increased its holdings in Xcel Energy by 0.5% during the 1st quarter. Sharkey Howes & Javer now owns 2,994 shares of the utilities provider’s stock worth $133,000 after acquiring an additional 16 shares during the period. 73.04% of the stock is currently owned by institutional investors and hedge funds.
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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