Tounjian Advisory Partners LLC Makes New $1.17 Million Investment in Xcel Energy Inc. $XEL

Tounjian Advisory Partners LLC bought a new position in shares of Xcel Energy Inc. (NASDAQ:XEL) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 15,772 shares of the company’s stock, valued at approximately $1,165,000.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Xcel Energy by 2.7% in the third quarter. Vanguard Group Inc. now owns 76,725,720 shares of the company’s stock valued at $6,187,929,000 after acquiring an additional 2,001,018 shares in the last quarter. State Street Corp raised its stake in Xcel Energy by 5.1% in the 3rd quarter. State Street Corp now owns 35,896,553 shares of the company’s stock worth $2,914,984,000 after purchasing an additional 1,752,296 shares in the last quarter. Bank of America Corp DE boosted its holdings in Xcel Energy by 9.9% in 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 during the period. JPMorgan Chase & Co. boosted its holdings in Xcel Energy by 4.1% in 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 during the period. Finally, Massachusetts Financial Services Co. MA grew its position in shares of Xcel Energy by 4.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 19,526,873 shares of the company’s stock worth $1,574,842,000 after purchasing an additional 807,353 shares in the last quarter. Institutional investors own 78.38% of the company’s stock.

Xcel Energy Price Performance

Shares of NASDAQ:XEL opened at $76.77 on Friday. The firm has a 50 day moving average of $79.01 and a 200-day moving average of $77.99. The stock has a market capitalization of $47.90 billion, a PE ratio of 22.45, a PEG ratio of 2.10 and a beta of 0.45. The company has a current ratio of 0.71, a quick ratio of 0.60 and a debt-to-equity ratio of 1.35. Xcel Energy Inc. has a 12 month low of $65.21 and a 12 month high of $84.23.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings results on Wednesday, February 4th. The company reported $0.96 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.96. The business had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.77 billion. Xcel Energy had a net margin of 13.76% and a return on equity of 10.46%. The firm’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter last year, the business posted $0.81 EPS. On average, equities research analysts predict that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 20th. Shareholders of record on Friday, March 13th will be paid a dividend of $0.5925 per share. The ex-dividend date is Friday, March 13th. This is a boost from Xcel Energy’s previous quarterly dividend of $0.57. This represents a $2.37 annualized dividend and a yield of 3.1%. Xcel Energy’s dividend payout ratio is currently 69.30%.

Analysts Set New Price Targets

XEL has been the topic of several recent research reports. JPMorgan Chase & Co. lowered their target price on shares of Xcel Energy from $90.00 to $87.00 and set an “overweight” rating on the stock in a report on Thursday, December 11th. Argus set a $86.00 price target on Xcel Energy in a research note on Thursday, March 12th. Mizuho set a $86.00 price target on Xcel Energy in a research report on Friday, January 9th. BTIG Research set a $94.00 price objective on Xcel Energy in a research note on Friday, January 30th. Finally, KeyCorp dropped their price objective on Xcel Energy from $85.00 to $84.00 and set an “overweight” rating for the company in a report on Friday, December 12th. 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $88.44.

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.