Savant Capital LLC Sells 12,137 Shares of Xcel Energy Inc. $XEL

Savant Capital LLC cut its position in Xcel Energy Inc. (NASDAQ:XEL) by 40.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 17,534 shares of the company’s stock after selling 12,137 shares during the period. Savant Capital LLC’s holdings in Xcel Energy were worth $1,295,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Vermillion & White Wealth Management Group LLC bought a new stake in shares of Xcel Energy during the 3rd quarter valued at $27,000. Abound Wealth Management raised its stake in shares of Xcel Energy by 394.5% during the 4th quarter. Abound Wealth Management now owns 361 shares of the company’s stock valued at $27,000 after purchasing an additional 288 shares during the period. Beacon Financial Strategies CORP bought a new stake in shares of Xcel Energy during the 4th quarter valued at $33,000. Pittenger & Anderson Inc. raised its stake in shares of Xcel Energy by 73.8% during the 4th quarter. Pittenger & Anderson Inc. now owns 471 shares of the company’s stock valued at $35,000 after purchasing an additional 200 shares during the period. Finally, Collier Financial bought a new stake in shares of Xcel Energy during the 3rd quarter valued at $38,000. 78.38% of the stock is currently owned by institutional investors.

Xcel Energy Price Performance

Xcel Energy stock opened at $76.41 on Tuesday. Xcel Energy Inc. has a 52 week low of $65.21 and a 52 week high of $84.23. The business has a 50-day simple moving average of $79.76 and a 200 day simple moving average of $78.56. The company has a quick ratio of 0.68, a current ratio of 0.77 and a debt-to-equity ratio of 1.45. The stock has a market cap of $47.70 billion, a price-to-earnings ratio of 22.02, a PEG ratio of 2.07 and a beta of 0.39.

Xcel Energy (NASDAQ:XEL) last posted its earnings results on Wednesday, April 29th. The company reported $0.91 EPS for the quarter, hitting the consensus estimate of $0.91. Xcel Energy had a return on equity of 10.37% and a net margin of 14.14%.The business had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $4.21 billion. During the same period in the previous year, the business earned $0.84 earnings per share. The firm’s revenue was up 2.9% on a year-over-year basis. On average, research analysts forecast that Xcel Energy Inc. will post 4.11 earnings per share for the current fiscal year.

Xcel Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Stockholders of record on Monday, June 15th will be issued a $0.5925 dividend. This represents a $2.37 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Monday, June 15th. Xcel Energy’s dividend payout ratio is presently 68.30%.

Analysts Set New Price Targets

A number of analysts recently issued reports on XEL shares. Barclays decreased their price objective on Xcel Energy from $91.00 to $87.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 12th. Evercore reiterated an “outperform” rating and set a $96.00 price objective on shares of Xcel Energy in a research note on Monday, May 4th. Weiss Ratings upgraded Xcel Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 20th. Truist Financial decreased their price objective on Xcel Energy from $95.00 to $92.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Finally, KeyCorp boosted their price objective on Xcel Energy from $89.00 to $90.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $90.63.

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.