Xcel Energy Inc. (NASDAQ:XEL) Stock Holdings Lifted by Xponance Inc.

Xponance Inc. raised its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 0.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,411 shares of the company’s stock after purchasing an additional 198 shares during the period. Xponance Inc.’s holdings in Xcel Energy were worth $4,359,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in XEL. Vanguard Group Inc. boosted its stake in shares of Xcel Energy by 15.6% during the 3rd quarter. Vanguard Group Inc. now owns 64,062,856 shares of the company’s stock worth $3,665,677,000 after acquiring an additional 8,644,054 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Xcel Energy by 16.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 18,521,863 shares of the company’s stock worth $1,059,821,000 after purchasing an additional 2,559,321 shares during the last quarter. Geode Capital Management LLC boosted its position in Xcel Energy by 1.3% during the first quarter. Geode Capital Management LLC now owns 12,251,587 shares of the company’s stock worth $825,364,000 after purchasing an additional 162,592 shares during the period. T. Rowe Price Investment Management Inc. acquired a new position in Xcel Energy during the fourth quarter valued at approximately $576,873,000. Finally, Victory Capital Management Inc. raised its position in shares of Xcel Energy by 8.4% in the third quarter. Victory Capital Management Inc. now owns 7,504,622 shares of the company’s stock valued at $429,414,000 after purchasing an additional 583,318 shares during the period. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Stock Up 1.8 %

XEL opened at $54.72 on Friday. Xcel Energy Inc. has a twelve month low of $46.79 and a twelve month high of $71.32. The firm has a market cap of $30.40 billion, a price-to-earnings ratio of 17.05, a PEG ratio of 2.55 and a beta of 0.36. The firm’s 50-day simple moving average is $54.16 and its 200-day simple moving average is $58.15. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.59 and a current ratio of 0.72.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings data on Thursday, January 25th. The company reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.02). The firm had revenue of $3.44 billion for the quarter, compared to analyst estimates of $4.01 billion. Xcel Energy had a return on equity of 10.78% and a net margin of 12.47%. The business’s quarterly revenue was down 15.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.69 EPS. Equities research analysts anticipate that Xcel Energy Inc. will post 3.56 EPS for the current fiscal year.

Xcel Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, April 20th. Shareholders of record on Friday, March 15th were paid a $0.548 dividend. The ex-dividend date was Thursday, March 14th. This represents a $2.19 dividend on an annualized basis and a yield of 4.01%. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.52. Xcel Energy’s payout ratio is currently 68.22%.

Analyst Upgrades and Downgrades

XEL has been the subject of a number of recent analyst reports. Barclays upgraded shares of Xcel Energy from an “equal weight” rating to an “overweight” rating and decreased their price target for the company from $61.00 to $54.00 in a report on Monday, March 11th. Wolfe Research upgraded shares of Xcel Energy from a “peer perform” rating to an “outperform” rating and set a $58.00 price objective on the stock in a report on Monday, March 11th. JPMorgan Chase & Co. reduced their target price on shares of Xcel Energy from $68.00 to $59.00 and set a “neutral” rating for the company in a research note on Wednesday, March 13th. TheStreet lowered Xcel Energy from a “b-” rating to a “c+” rating in a research note on Thursday, March 14th. Finally, Wells Fargo & Company upped their price target on Xcel Energy from $63.00 to $64.00 and gave the company an “equal weight” rating in a report on Friday, January 26th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Xcel Energy presently has a consensus rating of “Hold” and an average price target of $62.83.

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.