Natixis Advisors LLC cut its holdings in Xcel Energy Inc. (NASDAQ:XEL – Free Report) by 2.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 332,673 shares of the company’s stock after selling 8,834 shares during the period. Natixis Advisors LLC’s holdings in Xcel Energy were worth $24,571,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the business. Vermillion & White Wealth Management Group LLC purchased a new position in Xcel Energy in the 3rd quarter valued at about $27,000. Abound Wealth Management lifted its holdings in Xcel Energy by 394.5% in the 4th quarter. Abound Wealth Management now owns 361 shares of the company’s stock valued at $27,000 after purchasing an additional 288 shares in the last quarter. Beacon Financial Strategies CORP purchased a new position in Xcel Energy in the 4th quarter valued at about $33,000. Pittenger & Anderson Inc. lifted its holdings in Xcel Energy by 73.8% in the 4th quarter. Pittenger & Anderson Inc. now owns 471 shares of the company’s stock valued at $35,000 after purchasing an additional 200 shares in the last quarter. Finally, Collier Financial purchased a new position in Xcel Energy in the 3rd quarter valued at about $38,000. 78.38% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
XEL has been the topic of a number of recent research reports. UBS Group upped their target price on shares of Xcel Energy from $89.00 to $91.00 and gave the company a “buy” rating in a report on Monday, April 20th. Truist Financial reduced their target price on shares of Xcel Energy from $95.00 to $92.00 and set a “buy” rating on the stock in a report on Monday, May 18th. KeyCorp upped their target price on shares of Xcel Energy from $89.00 to $90.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Argus set a $86.00 target price on shares of Xcel Energy in a report on Thursday, March 12th. Finally, Weiss Ratings upgraded shares of Xcel Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, March 20th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Xcel Energy presently has an average rating of “Buy” and a consensus price target of $90.63.
Xcel Energy Trading Up 0.5%
Shares of XEL stock opened at $77.77 on Friday. The firm has a market cap of $48.55 billion, a P/E ratio of 22.41, a PEG ratio of 2.01 and a beta of 0.39. Xcel Energy Inc. has a 1-year low of $65.21 and a 1-year high of $84.23. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.77 and a quick ratio of 0.68. The firm’s 50-day simple moving average is $79.78 and its 200-day simple moving average is $78.51.
Xcel Energy (NASDAQ:XEL – Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.91 earnings per share for the quarter, hitting the consensus estimate of $0.91. The business had revenue of $4.02 billion for the quarter, compared to analyst estimates of $4.21 billion. Xcel Energy had a net margin of 14.14% and a return on equity of 10.37%. The company’s revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.84 EPS. As a group, equities analysts forecast that Xcel Energy Inc. will post 4.11 EPS for the current year.
Xcel Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.5925 per share. This represents a $2.37 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Monday, June 15th. Xcel Energy’s dividend payout ratio is presently 68.30%.
Xcel Energy Profile
Xcel Energy (NASDAQ: XEL) is a Minneapolis-based, publicly traded utility holding company that develops, owns and operates regulated electricity and natural gas delivery systems. The company’s core activities include generation, transmission and distribution of electricity, the delivery of natural gas to customers, and related customer service operations. Xcel provides a mix of utility services to residential, commercial and industrial customers and participates in wholesale energy markets where appropriate.
Its generation portfolio combines nuclear, natural gas, coal and a growing share of renewable resources such as wind and solar.
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