Cbre Investment Management Listed Real Assets LLC reduced its stake in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 23.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,092,519 shares of the company's stock after selling 327,142 shares during the period. Xcel Energy accounts for about 1.3% of Cbre Investment Management Listed Real Assets LLC's holdings, making the stock its 27th biggest position. Cbre Investment Management Listed Real Assets LLC owned about 0.19% of Xcel Energy worth $73,767,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently bought and sold shares of the business. Ashton Thomas Securities LLC acquired a new stake in shares of Xcel Energy during the 3rd quarter worth $25,000. Sierra Ocean LLC acquired a new stake in shares of Xcel Energy during the 4th quarter worth $26,000. Transcendent Capital Group LLC acquired a new stake in shares of Xcel Energy during the 3rd quarter worth $33,000. Crews Bank & Trust acquired a new stake in shares of Xcel Energy during the 4th quarter worth $34,000. Finally, MCF Advisors LLC increased its holdings in shares of Xcel Energy by 566.3% during the 4th quarter. MCF Advisors LLC now owns 593 shares of the company's stock worth $40,000 after buying an additional 504 shares during the last quarter. 78.38% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research firms have recently commented on XEL. Barclays dropped their price objective on Xcel Energy from $71.00 to $69.00 and set an "overweight" rating for the company in a report on Wednesday, January 22nd. Wells Fargo & Company upped their price objective on Xcel Energy from $72.00 to $75.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. Morgan Stanley decreased their price target on shares of Xcel Energy from $74.00 to $72.00 and set an "equal weight" rating for the company in a research report on Friday, November 22nd. KeyCorp upped their price target on shares of Xcel Energy from $74.00 to $79.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 4th. Finally, JPMorgan Chase & Co. raised shares of Xcel Energy from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $69.00 to $80.00 in a research report on Thursday, December 12th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $69.91.
Check Out Our Latest Report on Xcel Energy
Xcel Energy Stock Up 0.5 %
NASDAQ:XEL traded up $0.34 on Friday, reaching $68.00. The stock had a trading volume of 3,849,596 shares, compared to its average volume of 3,708,125. The company has a current ratio of 0.93, a quick ratio of 0.82 and a debt-to-equity ratio of 1.42. The company has a 50-day moving average of $67.57 and a 200 day moving average of $66.41. The stock has a market cap of $39.07 billion, a P/E ratio of 19.77, a price-to-earnings-growth ratio of 2.62 and a beta of 0.37. Xcel Energy Inc. has a 12-month low of $49.89 and a 12-month high of $73.38.
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 net margin of 14.40% and a return on equity of 10.65%. On average, research analysts predict that Xcel Energy Inc. will post 3.82 earnings per share for the current year.
Xcel Energy Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Sunday, April 20th. Stockholders of record on Friday, March 14th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from Xcel Energy's previous quarterly dividend of $0.55. Xcel Energy's dividend payout ratio is 66.28%.
Xcel Energy Profile
(
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.
Further Reading
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