Dimensional Fund Advisors LP increased its position in Xcel Energy Inc (NYSE:XEL) by 0.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,032,807 shares of the utilities provider’s stock after buying an additional 1,623 shares during the period. Dimensional Fund Advisors LP owned approximately 0.20% of Xcel Energy worth $42,038,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. State Street Corp raised its stake in Xcel Energy by 0.6% in the fourth quarter. State Street Corp now owns 25,503,216 shares of the utilities provider’s stock worth $1,037,982,000 after buying an additional 162,365 shares in the last quarter. BlackRock Fund Advisors raised its stake in shares of Xcel Energy by 2.9% in the third quarter. BlackRock Fund Advisors now owns 16,591,353 shares of the utilities provider’s stock valued at $682,568,000 after buying an additional 469,820 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of Xcel Energy by 3.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 14,730,758 shares of the utilities provider’s stock valued at $606,023,000 after buying an additional 545,498 shares in the last quarter. TIAA CREF Investment Management LLC raised its stake in shares of Xcel Energy by 9.9% in the third quarter. TIAA CREF Investment Management LLC now owns 5,866,295 shares of the utilities provider’s stock valued at $241,339,000 after buying an additional 527,979 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Xcel Energy by 1.2% in the third quarter. Northern Trust Corp now owns 5,645,683 shares of the utilities provider’s stock valued at $232,263,000 after buying an additional 64,193 shares in the last quarter. Institutional investors own 70.91% of the company’s stock.
Shares of Xcel Energy Inc (NYSE:XEL) traded up 0.54% on Friday, reaching $44.89. 1,575,925 shares of the company were exchanged. The company has a market capitalization of $22.77 billion, a P/E ratio of 20.33 and a beta of 0.09. Xcel Energy Inc has a 52-week low of $38.00 and a 52-week high of $45.42. The stock has a 50 day moving average of $44.24 and a 200-day moving average of $41.51.
Xcel Energy (NYSE:XEL) last announced its quarterly earnings data on Thursday, February 2nd. The utilities provider reported $0.45 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.01. Xcel Energy had a net margin of 10.11% and a return on equity of 10.41%. The firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $3.18 billion. During the same period in the previous year, the firm posted $0.41 earnings per share. The firm’s revenue was up 5.6% on a year-over-year basis. On average, analysts predict that Xcel Energy Inc will post $2.20 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 20th. Investors of record on Wednesday, March 15th were given a dividend of $0.36 per share. The ex-dividend date was Monday, March 13th. This is an increase from Xcel Energy’s previous quarterly dividend of $0.34. This represents a $1.44 dividend on an annualized basis and a yield of 3.23%. Xcel Energy’s payout ratio is presently 61.54%.
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Several equities research analysts have weighed in on XEL shares. Zacks Investment Research downgraded Xcel Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, April 12th. Jefferies Group LLC increased their price target on Xcel Energy from $44.00 to $46.00 and gave the stock a “hold” rating in a research report on Thursday, March 23rd. Deutsche Bank AG increased their price target on Xcel Energy from $44.00 to $45.00 and gave the stock a “hold” rating in a research report on Tuesday, April 11th. Royal Bank of Canada reaffirmed a “hold” rating and set a $45.00 price target on shares of Xcel Energy in a research report on Friday, March 17th. Finally, Mizuho initiated coverage on Xcel Energy in a research report on Wednesday. They set a “neutral” rating and a $44.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $45.67.
In related news, Director James T. Prokopanko acquired 1,000 shares of the stock in a transaction that occurred on Tuesday, February 7th. The shares were purchased at an average cost of $41.45 per share, with a total value of $41,450.00. Following the completion of the transaction, the director now owns 1,000 shares of the company’s stock, valued at approximately $41,450. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.20% of the company’s stock.
About Xcel Energy
Xcel Energy Inc is a public utility holding company. The Company’s operations include the activity of four utility subsidiaries that serve electric and natural gas customers in eight states. The Company’s segments include regulated electric utility, regulated natural gas utility and all other. The Company’s utility subsidiaries include NSP-Minnesota, NSP-Wisconsin, Public Service Company of Colorado (PSCo) and Southwestern Public Service Co (SPS), which serve customers in portions of Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin.
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