Northwestern Mutual Wealth Management Co. boosted its holdings in Xcel Energy Inc (NYSE:XEL) by 18.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,240 shares of the utilities provider’s stock after acquiring an additional 3,206 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Xcel Energy were worth $974,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. 1st Global Advisors Inc. increased its stake in Xcel Energy by 0.4% in the 2nd quarter. 1st Global Advisors Inc. now owns 4,798 shares of the utilities provider’s stock worth $220,000 after acquiring an additional 17 shares during the last quarter. Dana Investment Advisors Inc. increased its stake in Xcel Energy by 4.1% in the 2nd quarter. Dana Investment Advisors Inc. now owns 7,326 shares of the utilities provider’s stock worth $336,000 after acquiring an additional 291 shares during the last quarter. Moors & Cabot Inc. increased its stake in Xcel Energy by 12.6% in the 2nd quarter. Moors & Cabot Inc. now owns 9,393 shares of the utilities provider’s stock worth $433,000 after acquiring an additional 1,049 shares during the last quarter. First Republic Investment Management Inc. increased its stake in Xcel Energy by 12.5% in the 3rd quarter. First Republic Investment Management Inc. now owns 9,938 shares of the utilities provider’s stock worth $471,000 after acquiring an additional 1,106 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in Xcel Energy by 1.6% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 73,722 shares of the utilities provider’s stock worth $3,489,000 after acquiring an additional 1,129 shares during the last quarter. Institutional investors and hedge funds own 73.57% of the company’s stock.
A number of research firms have recently issued reports on XEL. Zacks Investment Research cut Xcel Energy from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. SunTrust Banks reiterated a “hold” rating and issued a $48.00 price objective on shares of Xcel Energy in a report on Monday, December 4th. Morgan Stanley upped their price objective on Xcel Energy from $50.00 to $53.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 13th. ValuEngine upgraded Xcel Energy from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Finally, Bank of America began coverage on Xcel Energy in a report on Tuesday, October 24th. They issued a “buy” rating and a $53.00 price objective for the company. Ten equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $48.83.
In related news, EVP Marvin E. Jr. Mcdaniel sold 5,176 shares of the stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $51.07, for a total transaction of $264,338.32. Following the completion of the sale, the executive vice president now directly owns 81,371 shares in the company, valued at approximately $4,155,616.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.22% of the company’s stock.
Shares of Xcel Energy Inc (XEL) opened at $43.63 on Tuesday. The firm has a market capitalization of $22,150.00, a PE ratio of 18.73, a P/E/G ratio of 3.32 and a beta of 0.12. Xcel Energy Inc has a fifty-two week low of $41.16 and a fifty-two week high of $52.22. The company has a current ratio of 0.87, a quick ratio of 0.68 and a debt-to-equity ratio of 1.27.
The business also recently announced a quarterly dividend, which was paid on Saturday, January 20th. Investors of record on Thursday, December 28th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 3.30%. The ex-dividend date was Wednesday, December 27th. Xcel Energy’s dividend payout ratio is presently 61.80%.
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Xcel Energy Profile
Xcel Energy Inc is a public utility holding company. The Company’s operations include the activity of four utility subsidiaries that serve electric and natural gas customers in eight states. The Company’s segments include regulated electric utility, regulated natural gas utility and all other. The Company’s utility subsidiaries include NSP-Minnesota, NSP-Wisconsin, Public Service Company of Colorado (PSCo) and Southwestern Public Service Co (SPS), which serve customers in portions of Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin.
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