International Assets Investment Management LLC lessened its stake in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 98.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,573 shares of the company's stock after selling 499,915 shares during the quarter. International Assets Investment Management LLC's holdings in Xcel Energy were worth $439,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in XEL. Ashton Thomas Securities LLC bought a new position in Xcel Energy in the third quarter worth approximately $25,000. Transcendent Capital Group LLC bought a new position in Xcel Energy in the 3rd quarter worth $33,000. Kimelman & Baird LLC purchased a new position in Xcel Energy during the second quarter valued at $35,000. West Financial Advisors LLC bought a new stake in Xcel Energy during the third quarter valued at about $43,000. Finally, Friedenthal Financial bought a new stake in Xcel Energy during the third quarter valued at about $50,000. Institutional investors own 78.38% of the company's stock.
Xcel Energy Price Performance
Shares of XEL stock traded down $3.02 during trading hours on Friday, hitting $63.37. The stock had a trading volume of 5,441,019 shares, compared to its average volume of 3,613,269. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.82. The stock has a market capitalization of $36.39 billion, a price-to-earnings ratio of 18.80, a PEG ratio of 2.79 and a beta of 0.42. Xcel Energy Inc. has a one year low of $46.79 and a one year high of $73.38. The stock's 50-day moving average price is $68.54 and its two-hundred day moving average price is $63.23.
Xcel Energy (NASDAQ:XEL - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The company reported $1.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.26 by ($0.01). The firm had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.93 billion. Xcel Energy had a return on equity of 10.76% and a net margin of 13.67%. The business's revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.23 EPS. Equities analysts forecast that Xcel Energy Inc. will post 3.54 EPS for the current year.
Xcel Energy Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Monday, January 6th will be given a dividend of $0.5475 per share. The ex-dividend date of this dividend is Monday, January 6th. This represents a $2.19 annualized dividend and a yield of 3.46%. Xcel Energy's dividend payout ratio (DPR) is currently 64.99%.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on the company. Morgan Stanley lowered their price objective 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. Jefferies Financial Group raised shares of 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. JPMorgan Chase & Co. raised shares of Xcel Energy from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $69.00 to $80.00 in a research note on Thursday, December 12th. Barclays lifted their target price on shares of Xcel Energy from $67.00 to $71.00 and gave the company an "overweight" rating in a research note on Tuesday, November 26th. Finally, KeyCorp increased their price target on Xcel Energy from $74.00 to $79.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 4th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $69.17.
View Our Latest Analysis on XEL
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
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
Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
