Mediolanum International Funds Ltd Has $4.43 Million Holdings in Xcel Energy Inc. (NASDAQ:XEL)

Mediolanum International Funds Ltd cut its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 16.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,739 shares of the company's stock after selling 12,686 shares during the period. Mediolanum International Funds Ltd's holdings in Xcel Energy were worth $4,432,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Crews Bank & Trust bought a new position in Xcel Energy in the 4th quarter valued at $34,000. Gries Financial LLC boosted its position in Xcel Energy by 21.0% in the 4th quarter. Gries Financial LLC now owns 3,724 shares of the company's stock valued at $251,000 after buying an additional 647 shares during the last quarter. Invesco LLC boosted its position in Xcel Energy by 21.4% in the 4th quarter. Invesco LLC now owns 4,949 shares of the company's stock valued at $334,000 after buying an additional 871 shares during the last quarter. Forsta AP Fonden boosted its position in Xcel Energy by 21.4% in the 4th quarter. Forsta AP Fonden now owns 204,700 shares of the company's stock valued at $13,821,000 after buying an additional 36,100 shares during the last quarter. Finally, Perigon Wealth Management LLC boosted its position in Xcel Energy by 4.0% in the 4th quarter. Perigon Wealth Management LLC now owns 5,937 shares of the company's stock valued at $393,000 after buying an additional 231 shares during the last quarter. 78.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Wells Fargo & Company upgraded Xcel Energy from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $70.00 to $72.00 in a research report on Monday, January 13th. KeyCorp increased their price target on Xcel Energy from $74.00 to $79.00 and gave the company an "overweight" rating in a research note on Wednesday, December 4th. Jefferies Financial Group raised Xcel Energy from a "hold" rating to a "buy" rating and increased their price target for the company from $71.00 to $76.00 in a research note on Friday, November 1st. Barclays cut their price target on Xcel Energy from $71.00 to $69.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. raised Xcel Energy from a "neutral" rating to an "overweight" rating and increased their price target for the company from $69.00 to $80.00 in a research note 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 stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $69.64.

Xcel Energy Trading Up 0.9 %

XEL stock traded up $0.63 during midday trading on Wednesday, hitting $67.95. 2,939,774 shares of the company's stock were exchanged, compared to its average volume of 3,568,372. The company has a market cap of $39.02 billion, a PE ratio of 20.16, a price-to-earnings-growth ratio of 2.54 and a beta of 0.43. The stock's fifty day moving average price is $67.68 and its 200-day moving average price is $64.77. Xcel Energy Inc. has a one year low of $46.79 and a one year high of $73.38. 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 Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Monday, January 6th were issued a $0.5475 dividend. The ex-dividend date was Monday, January 6th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 3.22%. Xcel Energy's dividend payout ratio (DPR) is 64.99%.

Xcel Energy Profile

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.