Cypress Capital Group reduced its stake in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 36.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,736 shares of the company's stock after selling 6,129 shares during the period. Cypress Capital Group's holdings in Xcel Energy were worth $725,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. lifted its holdings in Xcel Energy by 6.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,625,848 shares of the company's stock valued at $244,817,000 after acquiring an additional 208,233 shares during the last quarter. State of Michigan Retirement System lifted its holdings in Xcel Energy by 2.7% in the fourth quarter. State of Michigan Retirement System now owns 155,894 shares of the company's stock valued at $10,526,000 after acquiring an additional 4,100 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in Xcel Energy by 8.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 16,778 shares of the company's stock valued at $1,133,000 after acquiring an additional 1,329 shares during the last quarter. Reaves W H & Co. Inc. lifted its holdings in Xcel Energy by 440.2% in the fourth quarter. Reaves W H & Co. Inc. now owns 1,455,927 shares of the company's stock valued at $98,304,000 after acquiring an additional 1,186,427 shares during the last quarter. Finally, Mission Wealth Management LP lifted its holdings in Xcel Energy by 6.7% in the fourth quarter. Mission Wealth Management LP now owns 14,523 shares of the company's stock valued at $981,000 after acquiring an additional 917 shares during the last quarter. 78.38% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
XEL has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upgraded Xcel Energy from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $69.00 to $80.00 in a report on Thursday, December 12th. Barclays cut their target price on Xcel Energy from $71.00 to $69.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 22nd. Morgan Stanley cut their target price on Xcel Energy from $74.00 to $72.00 and set an "equal weight" rating on the stock in a research report on Friday, November 22nd. KeyCorp boosted their target price on Xcel Energy from $74.00 to $79.00 and gave the company an "overweight" rating in a research report on Wednesday, December 4th. Finally, Wells Fargo & Company boosted their target price on Xcel Energy from $72.00 to $75.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. Three research 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.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $69.91.
Read Our Latest Analysis on XEL
Xcel Energy Stock Up 0.5 %
Shares of Xcel Energy stock traded up $0.34 during trading hours on Friday, reaching $68.00. 3,849,596 shares of the company were exchanged, compared to its average volume of 3,708,125. The firm has a market cap of $39.07 billion, a PE ratio of 19.77, a PEG ratio of 2.62 and a beta of 0.37. The stock's fifty day moving average is $67.57 and its 200 day moving average is $66.45. 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 1 year low of $49.89 and a 1 year high of $73.38.
Xcel Energy (NASDAQ:XEL - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.06). Xcel Energy had a net margin of 14.40% and a return on equity of 10.65%. As a group, equities research analysts forecast that Xcel Energy Inc. will post 3.82 earnings per share for the current year.
Xcel Energy Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Sunday, April 20th. Investors of record on Friday, March 14th will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 3.35%. The ex-dividend date 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 Company 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.
Recommended Stories
Before you consider Xcel Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Xcel Energy wasn't on the list.
While Xcel Energy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
