Mairs & Power Inc. Has $31.13 Million Stock Position in Xcel Energy Inc. $XEL

Mairs & Power Inc. boosted its position in Xcel Energy Inc. (NASDAQ:XEL) by 2.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 386,008 shares of the company’s stock after acquiring an additional 9,577 shares during the quarter. Mairs & Power Inc.’s holdings in Xcel Energy were worth $31,132,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of XEL. Quadrant Capital Group LLC lifted its position in Xcel Energy by 1.7% during the 3rd quarter. Quadrant Capital Group LLC now owns 7,358 shares of the company’s stock worth $593,000 after acquiring an additional 125 shares during the last quarter. TIAA Trust National Association grew its position in shares of Xcel Energy by 1.0% in the third quarter. TIAA Trust National Association now owns 12,683 shares of the company’s stock valued at $1,022,000 after purchasing an additional 126 shares during the last quarter. Hanson & Doremus Investment Management grew its position in shares of Xcel Energy by 9.1% in the third quarter. Hanson & Doremus Investment Management now owns 1,592 shares of the company’s stock valued at $128,000 after purchasing an additional 133 shares during the last quarter. Segment Wealth Management LLC increased its stake in shares of Xcel Energy by 2.2% in the third quarter. Segment Wealth Management LLC now owns 6,201 shares of the company’s stock worth $500,000 after purchasing an additional 135 shares during the period. Finally, Empirical Finance LLC increased its stake in shares of Xcel Energy by 0.7% in the second quarter. Empirical Finance LLC now owns 19,196 shares of the company’s stock worth $1,307,000 after purchasing an additional 140 shares during the period. Institutional investors own 78.38% of the company’s stock.

Xcel Energy Stock Performance

NASDAQ XEL opened at $81.63 on Tuesday. The company has a quick ratio of 0.60, a current ratio of 0.71 and a debt-to-equity ratio of 1.35. The stock has a market cap of $50.93 billion, a P/E ratio of 23.87, a PEG ratio of 2.24 and a beta of 0.45. Xcel Energy Inc. has a twelve month low of $65.21 and a twelve month high of $84.23. The company’s 50-day simple moving average is $78.56 and its 200 day simple moving average is $77.83.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings data on Wednesday, February 4th. The company reported $0.96 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.96. Xcel Energy had a return on equity of 10.46% and a net margin of 13.76%.The firm had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter in the previous year, the company posted $0.81 EPS. The business’s revenue for the quarter was up 14.1% compared to the same quarter last year. As a group, research analysts forecast that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 20th. Stockholders of record on Friday, March 13th will be paid a dividend of $0.5925 per share. This represents a $2.37 annualized dividend and a dividend yield of 2.9%. This is a boost from Xcel Energy’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Friday, March 13th. Xcel Energy’s payout ratio is currently 69.30%.

Analysts Set New Price Targets

Several analysts recently weighed in on XEL shares. Weiss Ratings downgraded Xcel Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, March 5th. BMO Capital Markets restated an “outperform” rating and set a $90.00 price target on shares of Xcel Energy in a research note on Friday, February 6th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $95.00 price target on shares of Xcel Energy in a report on Friday, January 23rd. UBS Group upgraded Xcel Energy from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $81.00 to $89.00 in a research report on Friday, February 13th. Finally, Morgan Stanley set a $91.00 price objective on Xcel Energy in a report on Friday, February 20th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price 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.