LMR Partners LLP Acquires New Position in Xcel Energy Inc. (XEL)

LMR Partners LLP acquired a new position in shares of Xcel Energy Inc. (NYSE:XEL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 28,830 shares of the utilities provider’s stock, valued at approximately $1,322,000.

Several other large investors have also recently made changes to their positions in the stock. Janney Montgomery Scott LLC increased its stake in shares of Xcel Energy by 4.7% in the first quarter. Janney Montgomery Scott LLC now owns 67,718 shares of the utilities provider’s stock worth $3,010,000 after buying an additional 3,018 shares in the last quarter. Headinvest LLC increased its stake in shares of Xcel Energy by 9.9% in the first quarter. Headinvest LLC now owns 5,568 shares of the utilities provider’s stock worth $247,000 after buying an additional 500 shares in the last quarter. Manchester Capital Management LLC increased its stake in shares of Xcel Energy by 489.7% in the first quarter. Manchester Capital Management LLC now owns 6,062 shares of the utilities provider’s stock worth $269,000 after buying an additional 5,034 shares in the last quarter. Korea Investment CORP increased its stake in shares of Xcel Energy by 38,505.7% in the first quarter. Korea Investment CORP now owns 231,248 shares of the utilities provider’s stock worth $10,279,000 after buying an additional 230,649 shares in the last quarter. Finally, GW Henssler & Associates Ltd. increased its stake in shares of Xcel Energy by 5.7% in the first quarter. GW Henssler & Associates Ltd. now owns 84,649 shares of the utilities provider’s stock worth $3,763,000 after buying an additional 4,569 shares in the last quarter. 72.60% of the stock is currently owned by institutional investors.

Xcel Energy Inc. (NYSE:XEL) opened at 48.67 on Friday. The stock has a market capitalization of $24.71 billion, a P/E ratio of 21.49 and a beta of 0.19. The company has a 50 day moving average of $47.07 and a 200-day moving average of $45.35. Xcel Energy Inc. has a 52-week low of $38.00 and a 52-week high of $49.01.

Xcel Energy (NYSE:XEL) last released its earnings results on Thursday, July 27th. The utilities provider reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.02. Xcel Energy had a net margin of 10.08% and a return on equity of 10.42%. The firm had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.63 billion. During the same quarter in the previous year, the firm earned $0.39 earnings per share. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. Equities research analysts anticipate that Xcel Energy Inc. will post $2.20 EPS for the current year.

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A number of brokerages have commented on XEL. Morgan Stanley increased their price objective on shares of Xcel Energy from $45.00 to $46.00 and gave the company an “equal weight” rating in a research report on Thursday, August 10th. Zacks Investment Research raised shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research report on Thursday, June 22nd. Jefferies Group LLC reissued a “hold” rating and issued a $48.00 price objective on shares of Xcel Energy in a research report on Friday, June 9th. BidaskClub raised shares of Xcel Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Finally, BMO Capital Markets increased their target price on shares of Xcel Energy from $46.00 to $47.00 and gave the company a “market perform” rating in a research report on Friday, July 28th. Ten analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $46.67.

In other Xcel Energy news, EVP Kent T. Larson sold 10,000 shares of the business’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $47.25, for a total transaction of $472,500.00. Following the completion of the sale, the executive vice president now owns 80,221 shares in the company, valued at $3,790,442.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.22% of the stock is owned by 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.

Institutional Ownership by Quarter for Xcel Energy (NYSE:XEL)

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