Reinhart Partners LLC. Sells 32,710 Shares of Xcel Energy Inc. $XEL

Reinhart Partners LLC. lessened its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 27.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 85,136 shares of the company’s stock after selling 32,710 shares during the period. Reinhart Partners LLC.’s holdings in Xcel Energy were worth $6,288,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in XEL. Bank of America Corp DE increased its position in 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 buying an additional 2,589,406 shares in the last quarter. Barclays PLC increased its position in Xcel Energy by 54.3% during the 3rd quarter. Barclays PLC now owns 6,098,386 shares of the company’s stock valued at $491,835,000 after buying an additional 2,145,063 shares in the last quarter. Vanguard Group Inc. increased its position in Xcel Energy by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 76,725,720 shares of the company’s stock valued at $6,187,929,000 after buying an additional 2,001,018 shares in the last quarter. State Street Corp increased its position in 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 buying an additional 1,752,296 shares in the last quarter. Finally, Raymond James Financial Inc. increased its position in Xcel Energy by 100.3% during the 2nd quarter. Raymond James Financial Inc. now owns 2,519,061 shares of the company’s stock valued at $171,548,000 after buying an additional 1,261,439 shares in the last quarter. Institutional investors own 78.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on XEL shares. UBS Group raised their price objective on Xcel Energy from $89.00 to $91.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Wall Street Zen lowered Xcel Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Morgan Stanley set a $87.00 target price on Xcel Energy in a report on Thursday, May 21st. Weiss Ratings raised Xcel Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, March 20th. Finally, KeyCorp lifted their target price on Xcel Energy from $89.00 to $90.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Three 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. According to MarketBeat, Xcel Energy has a consensus rating of “Buy” and an average target price of $90.63.

Xcel Energy Stock Up 1.9%

Xcel Energy stock opened at $77.87 on Wednesday. The firm has a market cap of $48.61 billion, a price-to-earnings ratio of 22.44, a PEG ratio of 1.98 and a beta of 0.39. The stock has a fifty day simple moving average of $79.76 and a two-hundred day simple moving average of $78.56. Xcel Energy Inc. has a 12 month low of $65.21 and a 12 month high of $84.23. The company has a current ratio of 0.77, a quick ratio of 0.68 and a debt-to-equity ratio of 1.45.

Xcel Energy (NASDAQ:XEL) last posted its earnings results on Wednesday, April 29th. The company reported $0.91 EPS for the quarter, hitting analysts’ consensus estimates of $0.91. The business had revenue of $4.02 billion during the quarter, compared to analyst estimates of $4.21 billion. Xcel Energy had a return on equity of 10.37% and a net margin of 14.14%.The company’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.84 EPS. Equities analysts predict that Xcel Energy Inc. will post 4.11 EPS for the current fiscal year.

Xcel Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Monday, June 15th will be issued a $0.5925 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.37 dividend on an annualized basis and a dividend yield of 3.0%. Xcel Energy’s dividend payout ratio (DPR) is presently 68.30%.

Xcel Energy Company 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.