Lazard Asset Management LLC increased its stake in Xcel Energy Inc. (NYSE:XEL) by 48.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,238,968 shares of the utilities provider’s stock after buying an additional 402,440 shares during the period. Lazard Asset Management LLC owned about 0.24% of Xcel Energy worth $55,070,000 as of its most recent filing with the SEC.
Several other large investors also recently modified their holdings of XEL. Founders Capital Management bought a new stake in shares of Xcel Energy during the first quarter valued at approximately $124,000. Reilly Financial Advisors LLC raised its stake in shares of Xcel Energy by 5.8% in the first quarter. Reilly Financial Advisors LLC now owns 2,901 shares of the utilities provider’s stock valued at $129,000 after buying an additional 160 shares during the last quarter. Sharkey Howes & Javer raised its stake in shares of Xcel Energy by 0.5% in the first quarter. Sharkey Howes & Javer now owns 2,994 shares of the utilities provider’s stock valued at $133,000 after buying an additional 16 shares during the last quarter. North Star Investment Management Corp. raised its stake in shares of Xcel Energy by 186.8% in the first quarter. North Star Investment Management Corp. now owns 3,685 shares of the utilities provider’s stock valued at $164,000 after buying an additional 2,400 shares during the last quarter. Finally, JNBA Financial Advisors raised its stake in shares of Xcel Energy by 23.9% in the first quarter. JNBA Financial Advisors now owns 3,957 shares of the utilities provider’s stock valued at $176,000 after buying an additional 763 shares during the last quarter. Institutional investors own 72.03% of the company’s stock.
Shares of Xcel Energy Inc. (XEL) traded up 0.61% on Tuesday, reaching $46.40. 2,953,550 shares of the company traded hands. Xcel Energy Inc. has a 52-week low of $38.00 and a 52-week high of $48.50. The firm has a 50-day moving average of $46.98 and a 200-day moving average of $43.84. The company has a market capitalization of $23.56 billion, a PE ratio of 21.05 and a beta of 0.19.
Xcel Energy (NYSE:XEL) last announced its earnings results on Thursday, April 27th. The utilities provider reported $0.47 EPS for the quarter, missing the consensus estimate of $0.50 by $0.03. Xcel Energy had a net margin of 9.94% and a return on equity of 10.24%. The company had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same period in the prior year, the company earned $0.47 earnings per share. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, equities research analysts forecast that Xcel Energy Inc. will post $2.20 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 20th. Investors of record on Thursday, June 15th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 3.10%. The ex-dividend date is Tuesday, June 13th. Xcel Energy’s dividend payout ratio is currently 65.16%.
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Several equities research analysts have commented on XEL shares. Zacks Investment Research upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research report on Thursday, June 22nd. Argus boosted their target price on shares of Xcel Energy from $50.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, June 14th. BidaskClub downgraded Xcel Energy from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 24th. Barclays PLC reaffirmed an “equal weight” rating and set a $47.00 price target (up previously from $44.00) on shares of Xcel Energy in a research note on Sunday, April 23rd. Finally, Deutsche Bank AG lifted their price target on Xcel Energy from $44.00 to $45.00 and gave the stock a “hold” rating in a research note on Tuesday, April 11th. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $46.70.
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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