OMERS ADMINISTRATION Corp Grows Position in Xcel Energy Inc. $XEL

OMERS ADMINISTRATION Corp boosted its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 8,880.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,785,155 shares of the company’s stock after acquiring an additional 1,765,277 shares during the quarter. OMERS ADMINISTRATION Corp owned about 0.30% of Xcel Energy worth $131,852,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Vermillion & White Wealth Management Group LLC purchased a new position in shares of Xcel Energy in the third quarter valued at $27,000. Abound Wealth Management increased its position in shares of Xcel Energy by 394.5% in the fourth quarter. Abound Wealth Management now owns 361 shares of the company’s stock valued at $27,000 after buying an additional 288 shares in the last quarter. Beacon Financial Strategies CORP purchased a new position in shares of Xcel Energy in the fourth quarter valued at $33,000. Pittenger & Anderson Inc. increased its position in shares of Xcel Energy by 73.8% in the fourth quarter. Pittenger & Anderson Inc. now owns 471 shares of the company’s stock valued at $35,000 after buying an additional 200 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC purchased a new position in shares of Xcel Energy in the third quarter valued at $42,000. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Xcel Energy Trading Up 0.2%

Xcel Energy stock opened at $79.35 on Tuesday. The stock has a market cap of $49.54 billion, a PE ratio of 22.87, a P/E/G ratio of 2.06 and a beta of 0.39. The stock has a 50-day moving average price of $79.72 and a 200 day moving average price of $78.42. Xcel Energy Inc. has a 52 week low of $65.21 and a 52 week 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 issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.91 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.91. Xcel Energy had a return on equity of 10.37% and a net margin of 14.14%.The firm had revenue of $4.02 billion for the quarter, compared to analyst estimates of $4.21 billion. During the same period last year, the company earned $0.84 EPS. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. Equities research analysts predict that Xcel Energy Inc. will post 4.11 earnings per share for the current fiscal year.

Xcel Energy Dividend Announcement

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

Analyst Ratings Changes

XEL has been the subject of a number of research analyst reports. Argus set a $86.00 price target on Xcel Energy in a research report on Thursday, March 12th. Evercore restated an “outperform” rating and issued a $96.00 price target on shares of Xcel Energy in a research report on Monday, May 4th. JPMorgan Chase & Co. dropped their price target on Xcel Energy from $94.00 to $91.00 and set an “overweight” rating for the company in a research report on Thursday, May 14th. KeyCorp restated an “overweight” rating on shares of Xcel Energy in a research report on Monday, June 8th. Finally, Wall Street Zen cut Xcel Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Three investment 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 company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $90.63.

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.