Asset Management One Co. Ltd. increased its position in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 3.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 237,789 shares of the company's stock after purchasing an additional 7,852 shares during the period. Asset Management One Co. Ltd.'s holdings in Xcel Energy were worth $16,203,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. AMF Tjanstepension AB raised its stake in shares of Xcel Energy by 185.2% during the 3rd quarter. AMF Tjanstepension AB now owns 34,960 shares of the company's stock worth $2,283,000 after buying an additional 22,701 shares during the last quarter. Creative Planning raised its stake in shares of Xcel Energy by 1.5% during the 3rd quarter. Creative Planning now owns 286,755 shares of the company's stock worth $18,725,000 after buying an additional 4,136 shares during the last quarter. Aaron Wealth Advisors LLC raised its stake in shares of Xcel Energy by 37.6% during the 3rd quarter. Aaron Wealth Advisors LLC now owns 5,890 shares of the company's stock worth $385,000 after buying an additional 1,608 shares during the last quarter. Stratos Investment Management LLC raised its stake in shares of Xcel Energy by 14.4% during the 3rd quarter. Stratos Investment Management LLC now owns 8,302 shares of the company's stock worth $542,000 after buying an additional 1,042 shares during the last quarter. Finally, Net Worth Advisory Group acquired a new position in shares of Xcel Energy during the 3rd quarter worth $301,000. 78.38% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on the stock. Morgan Stanley cut their target price on shares of Xcel Energy from $74.00 to $72.00 and set an "equal weight" rating for the company in a research note on Friday, November 22nd. KeyCorp boosted their target price on shares of Xcel Energy from $74.00 to $79.00 and gave the company an "overweight" rating in a research note on Wednesday, December 4th. JPMorgan Chase & Co. raised shares of Xcel Energy from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $69.00 to $80.00 in a research note on Thursday, December 12th. Wells Fargo & Company lifted their price target on Xcel Energy from $72.00 to $75.00 and gave the company an "overweight" rating in a report on Friday, February 7th. Finally, Jefferies Financial Group upgraded Xcel Energy from a "hold" rating to a "buy" rating and lifted their price target for the company from $71.00 to $76.00 in a report on Friday, November 1st. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, Xcel Energy currently has a consensus rating of "Moderate Buy" and an average price target of $69.91.
Read Our Latest Stock Report on XEL
Xcel Energy Trading Up 0.8 %
Shares of NASDAQ:XEL traded up $0.53 during trading on Wednesday, reaching $69.07. 2,424,712 shares of the stock were exchanged, compared to its average volume of 3,475,886. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 0.93. Xcel Energy Inc. has a 12-month low of $46.79 and a 12-month high of $73.38. The firm has a market cap of $39.66 billion, a price-to-earnings ratio of 20.08, a price-to-earnings-growth ratio of 2.59 and a beta of 0.43. The firm's 50-day moving average price is $67.03 and its 200 day moving average price is $65.49.
Xcel Energy (NASDAQ:XEL - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). Xcel Energy had a return on equity of 10.65% and a net margin of 14.40%. On average, sell-side analysts anticipate that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.
Xcel Energy Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Monday, January 6th were given a dividend of $0.5475 per share. This represents a $2.19 annualized dividend and a yield of 3.17%. The ex-dividend date of this dividend was Monday, January 6th. Xcel Energy's dividend payout ratio (DPR) is presently 63.66%.
About Xcel Energy
(
Free Report)
Xcel Energy Inc, through its subsidiaries, engages in the generation, purchasing, transmission, distribution, and sale of electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through wind, nuclear, hydroelectric, biomass, and solar energy sources, as well as coal, natural gas, oil, wood, and refuse-derived fuels.
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