Price T Rowe Associates Inc. MD reduced its holdings in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 3.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,700,788 shares of the company's stock after selling 772,744 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 3.43% of Xcel Energy worth $1,330,198,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of XEL. Sierra Ocean LLC bought a new position in shares of Xcel Energy in the fourth quarter worth about $26,000. Fairway Wealth LLC acquired a new stake in shares of Xcel Energy in the fourth quarter valued at approximately $27,000. Crews Bank & Trust acquired a new stake in shares of Xcel Energy in the fourth quarter valued at approximately $34,000. MCF Advisors LLC lifted its holdings in Xcel Energy by 566.3% during the 4th quarter. MCF Advisors LLC now owns 593 shares of the company's stock worth $40,000 after buying an additional 504 shares in the last quarter. Finally, First Financial Corp IN bought a new position in Xcel Energy in the 4th quarter valued at $46,000. 78.38% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several analysts have weighed in on the company. Barclays boosted their price objective on Xcel Energy from $72.00 to $73.00 and gave the stock an "overweight" rating in a report on Tuesday, April 22nd. StockNews.com raised Xcel Energy from a "sell" rating to a "hold" rating in a research note on Saturday. Morgan Stanley set a $79.00 target price on Xcel Energy and gave the company an "outperform" rating in a research note on Wednesday. UBS Group boosted their target price on Xcel Energy from $73.00 to $77.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 1st. Finally, Wells Fargo & Company upped their target price on shares of Xcel Energy from $72.00 to $75.00 and gave the company an "overweight" rating in a research note on Friday, February 7th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $74.60.
Get Our Latest Report on XEL
Insider Transactions at Xcel Energy
In related news, Director Devin W. Stockfish acquired 2,170 shares of the company's stock in a transaction dated Tuesday, March 11th. The shares were bought at an average price of $68.93 per share, for a total transaction of $149,578.10. Following the purchase, the director now directly owns 3,007 shares in the company, valued at approximately $207,272.51. This trade represents a 259.26 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.09% of the company's stock.
Xcel Energy Stock Down 1.8 %
Shares of XEL stock traded down $1.29 on Friday, hitting $69.00. 4,816,832 shares of the stock were exchanged, compared to its average volume of 3,592,024. The company has a current ratio of 0.93, a quick ratio of 0.82 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $39.74 billion, a P/E ratio of 20.06, a price-to-earnings-growth ratio of 2.62 and a beta of 0.39. Xcel Energy Inc. has a fifty-two week low of $51.97 and a fifty-two week high of $73.38. The business has a 50-day moving average of $69.58 and a 200 day moving average of $68.06.
Xcel Energy (NASDAQ:XEL - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.84 earnings per share for the quarter, missing analysts' consensus estimates of $0.95 by ($0.11). Xcel Energy had a return on equity of 10.65% and a net margin of 14.40%. The firm had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.93 billion. Equities analysts anticipate that Xcel Energy Inc. will post 3.82 EPS for the current year.
Xcel Energy Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Sunday, April 20th. Shareholders of record on Friday, March 14th were given a dividend of $0.57 per share. The ex-dividend date was Friday, March 14th. This is a boost from Xcel Energy's previous quarterly dividend of $0.55. This represents a $2.28 annualized dividend and a yield of 3.30%. Xcel Energy's payout ratio is 67.06%.
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.
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