Ilmarinen Mutual Pension Insurance Co trimmed its holdings in Xcel Energy Inc. (NASDAQ:XEL – Free Report) by 51.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,000 shares of the company’s stock after selling 98,500 shares during the period. Ilmarinen Mutual Pension Insurance Co’s holdings in Xcel Energy were worth $6,869,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. grew its stake in Xcel Energy by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 77,610,805 shares of the company’s stock valued at $5,732,334,000 after buying an additional 885,085 shares in the last quarter. State Street Corp grew its position in shares of Xcel Energy by 5.1% during the 3rd quarter. State Street Corp now owns 35,896,553 shares of the company’s stock valued at $2,914,984,000 after purchasing an additional 1,752,296 shares in the last quarter. Bank of America Corp DE grew its position in shares of Xcel Energy by 9.9% during the 3rd quarter. Bank of America Corp DE now owns 28,851,485 shares of the company’s stock valued at $2,326,872,000 after purchasing an additional 2,589,406 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Xcel Energy by 4.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 21,026,015 shares of the company’s stock valued at $1,695,748,000 after purchasing an additional 831,639 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Xcel Energy by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 16,496,124 shares of the company’s stock valued at $1,214,035,000 after purchasing an additional 126,498 shares in the last quarter. 78.38% of the stock is currently owned by hedge funds and other institutional investors.
Xcel Energy Stock Down 2.1%
Shares of NASDAQ:XEL opened at $79.26 on Friday. Xcel Energy Inc. has a 52-week low of $65.21 and a 52-week high of $84.23. The firm has a fifty day moving average of $79.83 and a 200 day moving average of $78.60. The firm has a market capitalization of $49.48 billion, a PE ratio of 22.84, a price-to-earnings-growth ratio of 2.10 and a beta of 0.41. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.68 and a current ratio of 0.77.
Xcel Energy Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Monday, June 15th will be paid a $0.5925 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.37 annualized dividend and a yield of 3.0%. Xcel Energy’s payout ratio is currently 68.30%.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the stock. BTIG Research set a $94.00 price target on shares of Xcel Energy in a research report on Friday, January 30th. Wall Street Zen lowered shares of Xcel Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Weiss Ratings upgraded shares of Xcel Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, March 20th. Barclays reduced their price target on shares of Xcel Energy from $91.00 to $87.00 and set an “overweight” rating for the company in a research report on Tuesday, May 12th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Xcel Energy from $94.00 to $91.00 and set an “overweight” rating for the company in a research report on Thursday, May 14th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $90.63.
Get Our Latest Research Report on Xcel Energy
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.
Read More
- Five stocks we like better than Xcel Energy
- 3 Stocks Rallying on Micron’s Price Boost: Substance or Hype?
- Snowflake and the Snowballing Impact of its AI Flywheel
- AI’s Biggest Bottleneck Could Make These 2 Stocks Soar
- These 3 Beaten-Down Stocks Just Saw $25 Million in Insider Buying
Want to see what other hedge funds are holding XEL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xcel Energy Inc. (NASDAQ:XEL – Free Report).
Receive News & Ratings for Xcel Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xcel Energy and related companies with MarketBeat.com's FREE daily email newsletter.
