Xponance Inc. Decreases Holdings in Xcel Energy Inc. $XEL

Xponance Inc. lowered its position in Xcel Energy Inc. (NASDAQ:XEL) by 10.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,784 shares of the company’s stock after selling 9,468 shares during the quarter. Xponance Inc.’s holdings in Xcel Energy were worth $6,757,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of XEL. Vanguard Group Inc. boosted its stake in shares of Xcel Energy by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 76,725,720 shares of the company’s stock valued at $6,187,929,000 after purchasing an additional 2,001,018 shares in the last quarter. State Street Corp lifted its stake in Xcel Energy by 0.4% in the second quarter. State Street Corp now owns 34,144,257 shares of the company’s stock worth $2,344,295,000 after purchasing an additional 126,790 shares during the last quarter. Bank of America Corp DE lifted its stake in Xcel Energy by 9.0% in the second quarter. Bank of America Corp DE now owns 26,262,079 shares of the company’s stock worth $1,788,448,000 after purchasing an additional 2,157,602 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Xcel Energy by 4.1% during the third quarter. JPMorgan Chase & Co. now owns 21,026,015 shares of the company’s stock valued at $1,695,748,000 after buying an additional 831,639 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of Xcel Energy by 4.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 19,526,873 shares of the company’s stock valued at $1,574,842,000 after buying an additional 807,353 shares during the last quarter. 78.38% of the stock is currently owned by institutional investors.

Xcel Energy Price Performance

Shares of XEL stock opened at $83.36 on Friday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.69 and a current ratio of 0.79. Xcel Energy Inc. has a fifty-two week low of $65.21 and a fifty-two week high of $84.23. The firm has a market cap of $52.01 billion, a P/E ratio of 24.37, a P/E/G ratio of 2.28 and a beta of 0.46. The business’s 50 day moving average price is $76.77 and its 200-day moving average price is $77.07.

Xcel Energy (NASDAQ:XEL) last announced its earnings results on Wednesday, February 4th. The company reported $0.96 EPS for the quarter, meeting analysts’ consensus estimates of $0.96. Xcel Energy had a return on equity of 10.83% and a net margin of 13.76%.The business’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.81 earnings per share. On average, equities research analysts anticipate that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 20th. Stockholders of record on Friday, March 13th will be given a $0.5925 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $2.37 annualized dividend and a dividend yield of 2.8%. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.57. Xcel Energy’s dividend payout ratio is 66.67%.

Analysts Set New Price Targets

XEL has been the subject of a number of recent research reports. JPMorgan Chase & Co. lowered their target price on Xcel Energy from $90.00 to $87.00 and set an “overweight” rating for the company in a research note on Thursday, December 11th. UBS Group raised Xcel Energy from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $81.00 to $89.00 in a research note on Friday, February 13th. BTIG Research set a $94.00 price objective on Xcel Energy in a research note on Friday, January 30th. Mizuho set a $86.00 target price on shares of Xcel Energy in a report on Friday, January 9th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $95.00 target price on shares of Xcel Energy in a research note on Friday, January 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $88.60.

About Xcel Energy

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.