Xcel Energy Inc. $XEL Shares Sold by Reinhart Partners LLC.

Reinhart Partners LLC. cut its stake in shares of Xcel Energy Inc. (NASDAQ:XEL – Free Report) by 16.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 62,687 shares of the company’s stock after selling 11,990 shares during the quarter. Reinhart Partners LLC.’s holdings in Xcel Energy were worth $4,418,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. KCM Investment Advisors LLC boosted its holdings in shares of Xcel Energy by 1.9% in the first quarter. KCM Investment Advisors LLC now owns 7,549 shares of the company’s stock valued at $600,000 after acquiring an additional 140 shares in the last quarter. Cidel Asset Management Inc. lifted its position in Xcel Energy by 3.3% in the second quarter. Cidel Asset Management Inc. now owns 4,692 shares of the company’s stock valued at $377,000 after purchasing an additional 149 shares during the period. Ullmann Wealth Partners Group LLC boosted its holdings in Xcel Energy by 5.5% in the 4th quarter. Ullmann Wealth Partners Group LLC now owns 2,998 shares of the company’s stock valued at $243,000 after purchasing an additional 155 shares in the last quarter. Birchwood Financial Partners Inc. increased its position in Xcel Energy by 1.7% during the 1st quarter. Birchwood Financial Partners Inc. now owns 9,252 shares of the company’s stock worth $735,000 after purchasing an additional 158 shares during the period. Finally, Anchyra Partners LLC raised its stake in shares of Xcel Energy by 4.4% during the 1st quarter. Anchyra Partners LLC now owns 3,910 shares of the company’s stock worth $311,000 after buying an additional 165 shares in the last quarter. 78.38% of the stock is owned by institutional investors and hedge funds.

Xcel Energy Stock Performance

Shares of XEL opened at $73.78 on Friday. Xcel Energy Inc. has a 12-month low of $68.72 and a 12-month high of $84.23. The stock has a market cap of $46.09 billion, a P/E ratio of 20.21, a PEG ratio of 2.48 and a beta of 0.36. The company has a current ratio of 0.70, a quick ratio of 0.62 and a debt-to-equity ratio of 1.49. The company has a 50-day moving average of $75.04 and a two-hundred day moving average of $78.05.

Xcel Energy (NASDAQ:XEL – Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.79 by $0.14. Xcel Energy had a net margin of 15.28% and a return on equity of 10.65%. The business had revenue of $3.12 billion for the quarter, compared to analyst estimates of $3.54 billion. During the same period in the prior year, the business earned $1.59 earnings per share. The company’s quarterly revenue was down 5.1% on a year-over-year basis. As a group, research analysts predict that Xcel Energy Inc. will post 4.12 EPS for the current fiscal year.

Xcel Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 20th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.5925 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $2.37 annualized dividend and a yield of 3.2%. Xcel Energy’s dividend payout ratio (DPR) is presently 64.93%.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. BTIG Research restated a “buy” rating and issued a $99.00 price target on shares of Xcel Energy in a research note on Friday, July 31st. BMO Capital Markets lowered their price target on shares of Xcel Energy from $95.00 to $92.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 22nd. Truist Financial cut their price target on shares of Xcel Energy from $94.00 to $88.00 and set a “buy” rating for the company in a report on Thursday, August 13th. Barclays boosted their price objective on shares of Xcel Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. Finally, Weiss Ratings raised shares of Xcel Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 2nd. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $91.65.

Check Out Our Latest Research Report on Xcel Energy

About Xcel Energy

(Free Report)

Xcel Energy Inc is a Minneapolis-based energy company that provides electricity and natural gas through regulated utility operations. Its businesses generate, transmit, distribute and sell electricity, as well as distribute natural gas to residential, commercial and industrial customers.

Through its operating companies, Xcel Energy serves customers in Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin. The company’s operations include a diverse generation portfolio featuring wind, solar, hydroelectric, nuclear, natural gas and other energy resources.

Further Reading

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).

Institutional Ownership by Quarter for Xcel Energy (NASDAQ:XEL)

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.