Reinhart Partners LLC. Decreases Stock Position in Xcel Energy Inc. (NASDAQ:XEL)

Reinhart Partners LLC. trimmed its stake in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 7.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 179,013 shares of the company's stock after selling 15,120 shares during the period. Reinhart Partners LLC.'s holdings in Xcel Energy were worth $11,690,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in XEL. Price T Rowe Associates Inc. MD increased its stake in Xcel Energy by 770.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,552,625 shares of the company's stock valued at $405,955,000 after buying an additional 6,684,499 shares during the last quarter. Jupiter Asset Management Ltd. bought a new stake in Xcel Energy during the first quarter worth about $80,283,000. Federated Hermes Inc. boosted its position in Xcel Energy by 120.2% during the second quarter. Federated Hermes Inc. now owns 2,379,615 shares of the company's stock valued at $127,095,000 after purchasing an additional 1,299,025 shares during the last quarter. American Century Companies Inc. boosted its position in Xcel Energy by 130.4% during the second quarter. American Century Companies Inc. now owns 2,084,345 shares of the company's stock valued at $111,325,000 after purchasing an additional 1,179,823 shares during the last quarter. Finally, Zimmer Partners LP grew its stake in Xcel Energy by 1,765.0% in the first quarter. Zimmer Partners LP now owns 932,505 shares of the company's stock valued at $50,122,000 after purchasing an additional 882,505 shares in the last quarter. 78.38% of the stock is owned by institutional investors.

Xcel Energy Stock Up 0.2 %

Shares of XEL traded up $0.15 during trading hours on Friday, hitting $62.31. The stock had a trading volume of 2,822,159 shares, compared to its average volume of 4,169,201. The firm has a 50 day simple moving average of $62.06 and a 200-day simple moving average of $57.14. Xcel Energy Inc. has a 1-year low of $46.79 and a 1-year high of $65.64. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.97 and a quick ratio of 0.86. The firm has a market capitalization of $34.62 billion, a P/E ratio of 18.71, a price-to-earnings-growth ratio of 2.75 and a beta of 0.39.

Xcel Energy (NASDAQ:XEL - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.03). The business had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.29 billion. Xcel Energy had a return on equity of 10.94% and a net margin of 13.46%. The business's quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.52 EPS. Sell-side analysts predict that Xcel Energy Inc. will post 3.55 EPS for the current fiscal year.

Xcel Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, October 20th. Shareholders of record on Friday, September 13th will be given a dividend of $0.548 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $2.19 annualized dividend and a dividend yield of 3.52%. This is a boost from Xcel Energy's previous quarterly dividend of $0.55. Xcel Energy's dividend payout ratio (DPR) is currently 65.77%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group assumed coverage on shares of Xcel Energy in a report on Thursday, September 19th. They issued a "hold" rating and a $70.00 target price on the stock. KeyCorp raised their price objective on shares of Xcel Energy from $66.00 to $69.00 and gave the stock an "overweight" rating in a research report on Monday, September 30th. UBS Group boosted their target price on shares of Xcel Energy from $66.00 to $67.00 and gave the company a "neutral" rating in a research report on Friday, September 20th. Wells Fargo & Company lifted their price target on shares of Xcel Energy from $57.00 to $63.00 and gave the company an "equal weight" rating in a research report on Friday, August 2nd. Finally, Argus raised Xcel Energy from a "hold" rating to a "buy" rating and set a $68.00 price target on the stock in a research report on Monday, August 26th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Xcel Energy presently has a consensus rating of "Hold" and an average price target of $64.36.

About Xcel Energy

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.