Xcel Energy Inc. (XEL) Shares Bought by Delta Lloyd NV
Delta Lloyd NV increased its stake in shares of Xcel Energy Inc. (NYSE:XEL) by 25.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,243 shares of the company’s stock after buying an additional 7,703 shares during the period. Delta Lloyd NV’s holdings in Xcel Energy were worth $1,573,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Panagora Asset Management Inc. increased its position in Xcel Energy by 12.7% in the first quarter. Panagora Asset Management Inc. now owns 154,340 shares of the company’s stock valued at $6,454,000 after buying an additional 17,453 shares in the last quarter. Squarepoint Ops LLC boosted its stake in shares of Xcel Energy by 129.9% in the first quarter. Squarepoint Ops LLC now owns 20,750 shares of the company’s stock worth $868,000 after buying an additional 11,723 shares during the last quarter. Euclid Advisors LLC boosted its stake in shares of Xcel Energy by 490.9% in the first quarter. Euclid Advisors LLC now owns 102,049 shares of the company’s stock worth $4,268,000 after buying an additional 84,779 shares during the last quarter. Iowa State Bank acquired a new stake in shares of Xcel Energy during the second quarter worth approximately $125,000. Finally, Raymond James Trust N.A. acquired a new stake in shares of Xcel Energy during the second quarter worth approximately $210,000. Institutional investors own 69.56% of the company’s stock.
Shares of Xcel Energy Inc. (NYSE:XEL) traded down 3.66% on Wednesday, reaching $39.01. 3,443,414 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $39.97 and its 200-day moving average price is $41.75. Xcel Energy Inc. has a 1-year low of $34.33 and a 1-year high of $45.42. The company has a market capitalization of $19.82 billion, a P/E ratio of 17.98 and a beta of 0.08.
Xcel Energy (NYSE:XEL) last posted its quarterly earnings results on Thursday, October 27th. The company reported $0.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.03. Xcel Energy had a net margin of 10.08% and a return on equity of 10.29%. The business earned $3.04 billion during the quarter, compared to analyst estimates of $3.33 billion. During the same period in the previous year, the business posted $0.84 EPS. The company’s quarterly revenue was up 4.8% on a year-over-year basis. Analysts anticipate that Xcel Energy Inc. will post $2.20 EPS for the current fiscal year.
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A number of brokerages have recently commented on XEL. SunTrust Banks Inc. reduced their target price on shares of Xcel Energy from $42.00 to $41.00 and set a “neutral” rating for the company in a report on Monday, August 29th. Zacks Investment Research raised shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a report on Wednesday, October 12th. Argus reaffirmed a “buy” rating and issued a $48.00 target price on shares of Xcel Energy in a report on Monday, September 26th. Finally, Jefferies Group upped their target price on shares of Xcel Energy from $42.00 to $45.00 and gave the company a “hold” rating in a report on Thursday, August 4th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Xcel Energy has an average 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 business’s stock in a transaction dated Thursday, November 3rd. The shares were sold at an average price of $40.57, for a total transaction of $405,700.00. Following the completion of the transaction, the insider now directly owns 50,362 shares of the company’s stock, valued at approximately $2,043,186.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is currently owned by insiders.
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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