Guggenheim Capital LLC cut its holdings in shares of Xcel Energy Inc (NYSE:XEL) by 17.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 802,629 shares of the utilities provider’s stock after selling 168,856 shares during the period. Guggenheim Capital LLC owned 0.16% of Xcel Energy worth $38,613,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of Xcel Energy by 0.4% during the fourth quarter. BlackRock Inc. now owns 42,686,068 shares of the utilities provider’s stock valued at $2,053,627,000 after purchasing an additional 190,067 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Xcel Energy by 6.4% in the third quarter. JPMorgan Chase & Co. now owns 30,317,644 shares of the utilities provider’s stock valued at $1,436,147,000 after acquiring an additional 1,810,629 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Xcel Energy by 12.2% in the third quarter. Ameriprise Financial Inc. now owns 6,547,453 shares of the utilities provider’s stock valued at $309,800,000 after acquiring an additional 710,989 shares in the last quarter. Geode Capital Management LLC boosted its stake in Xcel Energy by 7.5% in the fourth quarter. Geode Capital Management LLC now owns 5,880,242 shares of the utilities provider’s stock valued at $282,358,000 after acquiring an additional 408,384 shares in the last quarter. Finally, Boston Partners boosted its stake in Xcel Energy by 43.7% in the fourth quarter. Boston Partners now owns 5,126,143 shares of the utilities provider’s stock valued at $246,619,000 after acquiring an additional 1,557,929 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.
Shares of Xcel Energy Inc (NYSE:XEL) opened at $44.17 on Tuesday. Xcel Energy Inc has a one year low of $41.51 and a one year 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 company has a market cap of $22,160.00, a price-to-earnings ratio of 19.20, a PEG ratio of 3.18 and a beta of 0.18.
Xcel Energy (NYSE:XEL) last posted its quarterly earnings data on Wednesday, February 7th. The utilities provider reported $0.42 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.01). Xcel Energy had a return on equity of 10.44% and a net margin of 10.06%. The company had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.84 billion. During the same quarter in the previous year, the firm posted $0.45 earnings per share. The company’s quarterly revenue was up .0% on a year-over-year basis. research analysts predict that Xcel Energy Inc will post 2.44 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 20th. Stockholders of record on Thursday, March 15th will be paid a dividend of $0.38 per share. This is an increase from Xcel Energy’s previous quarterly dividend of $0.36. This represents a $1.52 annualized dividend and a dividend yield of 3.44%. The ex-dividend date is Wednesday, March 14th. Xcel Energy’s payout ratio is presently 66.09%.
Several equities research analysts have weighed in on the stock. SunTrust Banks set a $43.00 target price on shares of Xcel Energy and gave the company a “hold” rating in a research note on Monday, February 5th. ValuEngine upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. UBS assumed coverage on shares of Xcel Energy in a research note on Friday, February 2nd. They issued a “neutral” rating and a $47.00 target price for the company. Morgan Stanley raised their target price on shares of Xcel Energy from $50.00 to $53.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 13th. Finally, Zacks Investment Research downgraded shares of Xcel Energy from a “hold” rating to a “sell” rating in a research note on Friday, March 9th. One analyst has rated the stock with a sell rating, eight have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Xcel Energy presently has an average rating of “Hold” and an average price target of $48.00.
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About Xcel Energy
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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