TD Asset Management Inc. Sells 1,202 Shares of Xcel Energy Inc. (XEL)
TD Asset Management Inc. reduced its position in Xcel Energy Inc. (NYSE:XEL) by 0.2% during the third quarter, according to its most recent disclosure with the SEC. The firm owned 685,150 shares of the company’s stock after selling 1,202 shares during the period. TD Asset Management Inc.’s holdings in Xcel Energy were worth $28,187,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Xcel Energy by 3.7% in the second quarter. Vanguard Group Inc. now owns 32,793,704 shares of the company’s stock valued at $1,468,502,000 after buying an additional 1,162,685 shares during the last quarter. JPMorgan Chase & Co. raised its position in Xcel Energy by 11.0% in the second quarter. JPMorgan Chase & Co. now owns 29,652,226 shares of the company’s stock valued at $1,327,827,000 after buying an additional 2,933,264 shares during the last quarter. BlackRock Fund Advisors raised its position in Xcel Energy by 9.3% in the second quarter. BlackRock Fund Advisors now owns 16,121,533 shares of the company’s stock valued at $721,922,000 after buying an additional 1,367,234 shares during the last quarter. FMR LLC raised its position in Xcel Energy by 7.0% in the second quarter. FMR LLC now owns 13,528,693 shares of the company’s stock valued at $605,815,000 after buying an additional 879,462 shares during the last quarter. Finally, TIAA CREF Investment Management LLC raised its position in Xcel Energy by 3.8% in the second quarter. TIAA CREF Investment Management LLC now owns 5,338,316 shares of the company’s stock valued at $239,050,000 after buying an additional 193,019 shares during the last quarter. 69.56% of the stock is owned by institutional investors.
Shares of Xcel Energy Inc. (NYSE:XEL) traded down 1.93% during midday trading on Wednesday, hitting $39.71. The stock had a trading volume of 534,850 shares. Xcel Energy Inc. has a 1-year low of $34.33 and a 1-year high of $45.42. The firm has a 50-day moving average price of $39.97 and a 200-day moving average price of $41.77. The firm has a market cap of $20.17 billion, a price-to-earnings ratio of 18.30 and a beta of 0.08.
Xcel Energy (NYSE:XEL) last announced its quarterly earnings data on Thursday, October 27th. The company reported $0.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.03. Xcel Energy had a return on equity of 10.29% and a net margin of 10.08%. The business earned $3.04 billion during the quarter, compared to analyst estimates of $3.33 billion. During the same period last year, the company earned $0.84 earnings per share. Xcel Energy’s quarterly revenue was up 4.8% compared to the same quarter last year. On average, equities analysts anticipate that Xcel Energy Inc. will post $2.20 EPS for the current fiscal year.
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Several research firms recently commented on XEL. Jefferies Group upped their target price on Xcel Energy from $42.00 to $45.00 and gave the company a “hold” rating in a research note on Thursday, August 4th. SunTrust Banks Inc. dropped their target price on Xcel Energy from $41.00 to $40.00 and set a “neutral” rating for the company in a research note on Monday, September 12th. Zacks Investment Research upgraded Xcel Energy from a “sell” rating to a “hold” rating in a research note on Thursday, September 1st. Finally, Argus restated a “buy” rating and set a $48.00 price target on shares of Xcel Energy in a research note on Monday, September 26th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $43.25.
In other Xcel Energy news, insider David L. Eves sold 10,000 shares of the firm’s stock in a transaction dated Thursday, November 3rd. The stock was sold at an average price of $40.57, for a total transaction of $405,700.00. Following the transaction, the insider now directly owns 50,362 shares in the company, valued at $2,043,186.34. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.20% of the company’s stock.
Xcel Energy Company Profile
Xcel Energy Inc is a public utility holding company. The Company’s operations include activity of four utility subsidiaries that serve electric and natural gas customers. Its segments are regulated electric utility, regulated natural gas utility and all other. The regulated electric utility segment generates, transmits and distributes electricity in Minnesota, Wisconsin, Michigan, North Dakota, South Dakota, Colorado, Texas and New Mexico.
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