Tectonic Advisors LLC lifted its position in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 110.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,247 shares of the company's stock after purchasing an additional 7,472 shares during the quarter. Tectonic Advisors LLC's holdings in Xcel Energy were worth $962,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in the company. AMF Tjanstepension AB raised its holdings in shares of Xcel Energy by 185.2% in the third quarter. AMF Tjanstepension AB now owns 34,960 shares of the company's stock valued at $2,283,000 after buying an additional 22,701 shares during the last quarter. Czech National Bank increased its position in Xcel Energy by 7.3% in the 3rd quarter. Czech National Bank now owns 113,568 shares of the company's stock valued at $7,416,000 after acquiring an additional 7,686 shares during the period. GAMMA Investing LLC lifted its position in Xcel Energy by 20.4% during the 3rd quarter. GAMMA Investing LLC now owns 12,257 shares of the company's stock worth $800,000 after acquiring an additional 2,074 shares during the period. Mather Group LLC. lifted its position in Xcel Energy by 23.7% during the 3rd quarter. Mather Group LLC. now owns 2,942 shares of the company's stock worth $192,000 after acquiring an additional 564 shares during the period. Finally, Park Place Capital Corp grew its stake in shares of Xcel Energy by 8.8% in the 3rd quarter. Park Place Capital Corp now owns 6,611 shares of the company's stock valued at $432,000 after purchasing an additional 537 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company's stock.
Xcel Energy Price Performance
XEL traded down $0.52 during midday trading on Friday, reaching $66.60. 3,797,802 shares of the company's stock were exchanged, compared to its average volume of 3,566,094. Xcel Energy Inc. has a 1-year low of $46.79 and a 1-year high of $73.38. The stock has a market capitalization of $38.24 billion, a PE ratio of 19.36, a P/E/G ratio of 2.54 and a beta of 0.43. 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 business's 50-day moving average price is $67.35 and its 200 day moving average price is $64.95.
Xcel Energy (NASDAQ:XEL - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). Xcel Energy had a return on equity of 10.65% and a net margin of 14.40%. As a group, equities analysts anticipate that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.
Xcel Energy Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Monday, January 6th were paid a dividend of $0.5475 per share. This represents a $2.19 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date was Monday, January 6th. Xcel Energy's payout ratio is currently 63.66%.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on XEL. Jefferies Financial Group raised Xcel Energy from a "hold" rating to a "buy" rating and increased their price target for the stock from $71.00 to $76.00 in a report on Friday, November 1st. Barclays dropped their price objective on shares of Xcel Energy from $71.00 to $69.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 22nd. Wells Fargo & Company lifted their target price on shares of Xcel Energy from $72.00 to $75.00 and gave the company an "overweight" rating in a report on Friday. KeyCorp increased their price target on shares of Xcel Energy from $74.00 to $79.00 and gave the stock an "overweight" rating in a report on Wednesday, December 4th. Finally, JPMorgan Chase & Co. raised Xcel Energy from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $69.00 to $80.00 in a report on Thursday, December 12th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $69.91.
Check Out Our Latest Research Report on Xcel Energy
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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