B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund cut its stake in shares of Xcel Energy Inc (NYSE:XEL) by 2.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 608,925 shares of the utilities provider’s stock after selling 15,080 shares during the period. Xcel Energy comprises about 4.5% of B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund’s investment portfolio, making the stock its 4th biggest position. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund owned approximately 0.12% of Xcel Energy worth $27,816,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Treasurer State of Michigan lifted its position in shares of Xcel Energy by 0.7% in the second quarter. State Treasurer State of Michigan now owns 150,634 shares of the utilities provider’s stock valued at $6,881,000 after acquiring an additional 1,100 shares in the last quarter. BB&T Securities LLC lifted its position in shares of Xcel Energy by 25.2% in the second quarter. BB&T Securities LLC now owns 5,700 shares of the utilities provider’s stock valued at $260,000 after acquiring an additional 1,146 shares in the last quarter. 6 Meridian lifted its position in shares of Xcel Energy by 13.2% in the first quarter. 6 Meridian now owns 10,477 shares of the utilities provider’s stock valued at $476,000 after acquiring an additional 1,223 shares in the last quarter. GWM Advisors LLC lifted its position in shares of Xcel Energy by 7.8% in the second quarter. GWM Advisors LLC now owns 17,265 shares of the utilities provider’s stock valued at $798,000 after acquiring an additional 1,251 shares in the last quarter. Finally, First Allied Advisory Services Inc. lifted its position in shares of Xcel Energy by 6.5% in the second quarter. First Allied Advisory Services Inc. now owns 21,134 shares of the utilities provider’s stock valued at $963,000 after acquiring an additional 1,299 shares in the last quarter. Institutional investors own 73.96% of the company’s stock.
NYSE:XEL opened at $48.45 on Friday. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.87 and a quick ratio of 0.68. Xcel Energy Inc has a 12 month low of $41.51 and a 12 month high of $52.22.
Xcel Energy (NYSE:XEL) last posted its earnings results on Thursday, July 26th. The utilities provider reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.05. The company had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.71 billion. Xcel Energy had a return on equity of 10.44% and a net margin of 10.06%. The firm’s revenue for the quarter was up .5% on a year-over-year basis. During the same period in the previous year, the business earned $0.45 earnings per share. analysts anticipate that Xcel Energy Inc will post 2.44 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Saturday, October 20th. Investors of record on Friday, September 14th will be given a $0.38 dividend. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.14%.
In related news, SVP Judy M. Poferl sold 7,182 shares of the business’s stock in a transaction dated Friday, September 7th. The stock was sold at an average price of $48.67, for a total value of $349,547.94. Following the sale, the senior vice president now directly owns 25,460 shares in the company, valued at $1,239,138.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Lynn Casey bought 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 5th. The stock was purchased at an average price of $48.89 per share, for a total transaction of $48,890.00. Following the completion of the transaction, the director now directly owns 3,131 shares of the company’s stock, valued at approximately $153,074.59. The disclosure for this purchase can be found here. 0.22% of the stock is currently owned by insiders.
Several equities analysts have recently commented on XEL shares. Barclays started coverage on Xcel Energy in a research report on Tuesday, July 10th. They issued an “overweight” rating and a $53.00 price objective on the stock. Morgan Stanley lowered their price objective on Xcel Energy from $49.00 to $46.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 13th. Zacks Investment Research downgraded Xcel Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, May 22nd. Finally, Bank of America downgraded Xcel Energy from a “buy” rating to a “neutral” rating and set a $47.00 target price on the stock. in a research report on Wednesday, June 20th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Xcel Energy has an average rating of “Hold” and an average price target of $48.20.
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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