GEN Financial Management INC. bought a new stake in Xcel Energy Inc. (NASDAQ:XEL - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,457 shares of the company's stock, valued at approximately $301,000.
Other institutional investors also recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in Xcel Energy by 6.7% in the third quarter. State Street Corp now owns 37,143,025 shares of the company's stock valued at $2,445,477,000 after purchasing an additional 2,323,448 shares in the last quarter. Brookfield Corp ON grew its position in shares of Xcel Energy by 520.1% in the 3rd quarter. Brookfield Corp ON now owns 2,509,031 shares of the company's stock valued at $163,840,000 after buying an additional 2,104,405 shares during the last quarter. Merewether Investment Management LP acquired a new stake in Xcel Energy during the 3rd quarter worth $64,301,000. Massachusetts Financial Services Co. MA lifted its position in Xcel Energy by 6.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 15,190,756 shares of the company's stock valued at $991,956,000 after acquiring an additional 892,740 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its stake in Xcel Energy by 1,265.6% in the third quarter. Janus Henderson Group PLC now owns 839,146 shares of the company's stock valued at $54,797,000 after acquiring an additional 777,696 shares in the last quarter. Hedge funds and other institutional investors own 78.38% of the company's stock.
Xcel Energy Stock Performance
Shares of Xcel Energy stock traded down $0.52 on Friday, reaching $66.60. 3,797,802 shares of the stock were exchanged, compared to its average volume of 3,659,311. The firm has a market capitalization of $38.24 billion, a PE ratio of 19.76, a PEG ratio of 2.54 and a beta of 0.43. Xcel Energy Inc. has a 1-year low of $46.79 and a 1-year high of $73.38. The business has a fifty day moving average price of $67.47 and a two-hundred day moving average price of $64.81. The company has a current ratio of 0.93, a quick ratio of 0.82 and a debt-to-equity ratio of 1.42.
Xcel Energy (NASDAQ:XEL - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.06). Xcel Energy had a return on equity of 10.76% and a net margin of 13.67%. As a group, research analysts anticipate that Xcel Energy Inc. will post 3.54 earnings per share for the current fiscal year.
Xcel Energy Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Monday, January 6th were issued a $0.5475 dividend. This represents a $2.19 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date of this dividend was Monday, January 6th. Xcel Energy's dividend payout ratio (DPR) is currently 64.99%.
Wall Street Analyst Weigh In
A number of research firms have recently commented on XEL. KeyCorp lifted their target price on Xcel Energy from $74.00 to $79.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 4th. Morgan Stanley cut their price target 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. JPMorgan Chase & Co. raised Xcel Energy from a "neutral" rating to an "overweight" rating and increased 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 shares of Xcel Energy from $71.00 to $69.00 and set an "overweight" rating on the stock in a report on Wednesday, January 22nd. Finally, Jefferies Financial Group upgraded shares of Xcel Energy from a "hold" rating to a "buy" rating and increased their price target for the stock from $71.00 to $76.00 in a research note on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $69.91.
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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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