Xcel Energy Inc. (NASDAQ:XEL) Shares Sold by Reinhart Partners LLC.

Reinhart Partners LLC. lessened its holdings in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 18.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 146,311 shares of the company's stock after selling 32,702 shares during the period. Reinhart Partners LLC.'s holdings in Xcel Energy were worth $9,879,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of XEL. State Street Corp lifted its holdings in Xcel Energy by 6.7% in the 3rd quarter. State Street Corp now owns 37,143,025 shares of the company's stock worth $2,445,477,000 after purchasing an additional 2,323,448 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of 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 worth $991,956,000 after purchasing an additional 892,740 shares during the last quarter. Geode Capital Management LLC grew its holdings in Xcel Energy by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 14,562,103 shares of the company's stock valued at $952,091,000 after buying an additional 262,191 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Xcel Energy by 2.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,417,615 shares of the company's stock worth $223,170,000 after acquiring an additional 67,820 shares in the last quarter. Finally, Brookfield Corp ON boosted its position in shares of Xcel Energy by 520.1% during the 3rd quarter. Brookfield Corp ON now owns 2,509,031 shares of the company's stock valued at $163,840,000 after acquiring an additional 2,104,405 shares during the last quarter. 78.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on XEL shares. UBS Group increased their price objective 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. Barclays boosted their price objective on Xcel Energy from $67.00 to $71.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 26th. 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. Wells Fargo & Company raised shares of Xcel Energy from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $70.00 to $72.00 in a research note on Monday. Finally, JPMorgan Chase & Co. raised shares of Xcel Energy from a "neutral" rating to an "overweight" rating and increased their target price for the company from $69.00 to $80.00 in a research note on Thursday, December 12th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, Xcel Energy presently has an average rating of "Moderate Buy" and an average price target of $69.67.

Xcel Energy Stock Up 0.4 %

Shares of Xcel Energy stock traded up $0.25 during trading on Monday, hitting $63.62. 3,114,348 shares of the stock traded hands, compared to its average volume of 3,559,956. Xcel Energy Inc. has a 52-week low of $46.79 and a 52-week high of $73.38. The stock's fifty day simple moving average is $68.50 and its 200 day simple moving average is $63.30. The firm has a market cap of $36.53 billion, a P/E ratio of 18.88, a price-to-earnings-growth ratio of 2.79 and a beta of 0.42. 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 posted its quarterly earnings results on Thursday, October 31st. The company reported $1.25 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.01). The business had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.93 billion. Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. The company's revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.23 EPS. On average, equities analysts predict 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 will be paid on Wednesday, January 29th. Investors of record on Monday, January 6th will be paid 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 3.44%. 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.