IFP Advisors Inc Trims Stake in Xcel Energy Inc. (XEL)

IFP Advisors Inc lessened its holdings in shares of Xcel Energy Inc. (NYSE:XEL) by 5.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,650 shares of the utilities provider’s stock after selling 1,192 shares during the quarter. IFP Advisors Inc’s holdings in Xcel Energy were worth $977,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of XEL. JPMorgan Chase & Co. lifted its position in shares of Xcel Energy by 12.6% during the second quarter. JPMorgan Chase & Co. now owns 28,507,015 shares of the utilities provider’s stock worth $1,307,902,000 after purchasing an additional 3,187,095 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Xcel Energy by 367.2% during the second quarter. Principal Financial Group Inc. now owns 3,741,935 shares of the utilities provider’s stock worth $171,680,000 after purchasing an additional 2,940,959 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Xcel Energy by 72.2% during the second quarter. Ameriprise Financial Inc. now owns 5,836,464 shares of the utilities provider’s stock worth $267,813,000 after purchasing an additional 2,446,904 shares in the last quarter. Janus Henderson Group PLC raised its holdings in Xcel Energy by 3,077.7% in the second quarter. Janus Henderson Group PLC now owns 2,269,284 shares of the utilities provider’s stock valued at $104,115,000 after acquiring an additional 2,197,872 shares in the last quarter. Finally, Commonwealth Bank of Australia raised its holdings in Xcel Energy by 26.9% in the second quarter. Commonwealth Bank of Australia now owns 5,789,794 shares of the utilities provider’s stock valued at $265,634,000 after acquiring an additional 1,225,622 shares in the last quarter. 72.57% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Daniel Yohannes acquired 1,000 shares of the business’s stock in a transaction on Tuesday, September 5th. The shares were bought at an average price of $49.53 per share, with a total value of $49,530.00. Following the completion of the acquisition, the director now owns 1,000 shares in the company, valued at $49,530. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Timothy V. Wolf sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $49.48, for a total transaction of $148,440.00. Following the sale, the director now directly owns 3,700 shares in the company, valued at approximately $183,076. The disclosure for this sale can be found here. 0.22% of the stock is currently owned by company insiders.

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Shares of Xcel Energy Inc. (NYSE:XEL) opened at $49.59 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.60 and a debt-to-equity ratio of 1.27. Xcel Energy Inc. has a 1-year low of $38.00 and a 1-year high of $50.56. The firm has a market cap of $25,179.97, a P/E ratio of 21.19, a price-to-earnings-growth ratio of 3.93 and a beta of 0.21.

Xcel Energy (NYSE:XEL) last released its quarterly earnings data on Thursday, October 26th. The utilities provider reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.05. Xcel Energy had a net margin of 10.40% and a return on equity of 10.63%. The company had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $3.27 billion. During the same quarter last year, the company earned $0.90 earnings per share. The firm’s revenue for the quarter was down .8% on a year-over-year basis. sell-side analysts expect that Xcel Energy Inc. will post 2.31 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 20th. Shareholders of record on Friday, September 15th were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.44 dividend on an annualized basis and a yield of 2.90%. Xcel Energy’s payout ratio is currently 61.54%.

Several analysts recently weighed in on XEL shares. Bank of America Corporation started coverage on shares of Xcel Energy in a report on Tuesday, October 24th. They issued a “buy” rating and a $53.00 target price on the stock. BidaskClub raised shares of Xcel Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Morgan Stanley raised their target price on shares of Xcel Energy from $46.00 to $48.00 and gave the company an “equal weight” rating in a report on Friday, September 8th. Zacks Investment Research raised shares of Xcel Energy from a “sell” rating to a “hold” rating in a report on Friday, October 13th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $48.00 target price on shares of Xcel Energy in a report on Tuesday, October 10th. Nine analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $48.91.

Xcel Energy 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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