Resources Investment Advisors LLC. cut its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 44.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,082 shares of the company’s stock after selling 3,332 shares during the quarter. Resources Investment Advisors LLC.’s holdings in Xcel Energy were worth $272,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in XEL. Catalyst Capital Advisors LLC purchased a new position in shares of Xcel Energy during the fourth quarter valued at about $25,000. Harvest Fund Management Co. Ltd acquired a new stake in Xcel Energy during the 3rd quarter worth about $26,000. Jeppson Wealth Management LLC purchased a new position in shares of Xcel Energy during the 3rd quarter valued at about $32,000. Addison Advisors LLC purchased a new position in Xcel Energy during the fourth quarter valued at approximately $36,000. Finally, Syverson Strege & Co purchased a new position in shares of Xcel Energy during the 4th quarter valued at approximately $37,000. Institutional investors and hedge funds own 77.94% of the company’s stock.
XEL has been the subject of a number of analyst reports. Smith Barney Citigroup began coverage on shares of Xcel Energy in a research report on Monday, October 26th. They issued a “neutral” rating and a $76.00 price objective for the company. Zacks Investment Research upgraded Xcel Energy from a “sell” rating to a “hold” rating and set a $64.00 price target on the stock in a research report on Wednesday, February 17th. KeyCorp cut their price objective on Xcel Energy from $75.00 to $71.00 and set an “overweight” rating for the company in a research report on Tuesday, January 12th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell assumed coverage on Xcel Energy in a research note on Monday, October 26th. They set a “neutral” rating and a $76.00 target price for the company. Finally, Barclays lifted their price target on shares of Xcel Energy from $70.00 to $82.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 18th. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $68.45.
Xcel Energy (NASDAQ:XEL) last released its quarterly earnings data on Thursday, January 28th. The company reported $0.54 EPS for the quarter, meeting analysts’ consensus estimates of $0.54. Xcel Energy had a return on equity of 10.56% and a net margin of 12.50%. The firm had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $3.08 billion. During the same period in the prior year, the firm posted $0.56 earnings per share. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. Sell-side analysts forecast that Xcel Energy Inc. will post 2.77 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 20th. Shareholders of record on Monday, March 15th will be paid a dividend of $0.4575 per share. This represents a $1.83 annualized dividend and a yield of 3.03%. The ex-dividend date of this dividend is Friday, March 12th. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.43. Xcel Energy’s dividend payout ratio (DPR) is 65.15%.
In other news, SVP Frank P. Prager sold 3,711 shares of the company’s stock in a transaction that occurred on Friday, January 29th. The shares were sold at an average price of $63.45, for a total value of $235,462.95. Following the transaction, the senior vice president now directly owns 33,472 shares in the company, valued at approximately $2,123,798.40. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.21% of the stock is owned by company insiders.
Xcel Energy Company Profile
Xcel Energy Inc, through its subsidiaries, generates, purchases, transmits, distributes, and sells electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through coal, nuclear, natural gas, hydroelectric, solar, biomass, oil, wood/refuse, and wind energy sources.
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