Mn Services Vermogensbeheer B.V. Has $14.13 Million Stock Position in Xcel Energy Inc. (NASDAQ:XEL)

Mn Services Vermogensbeheer B.V. lowered its holdings in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 7.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 199,655 shares of the company's stock after selling 15,500 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Xcel Energy were worth $14,134,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC purchased a new stake in Xcel Energy during the fourth quarter valued at about $240,000. Empowered Funds LLC raised its holdings in shares of Xcel Energy by 11.2% during the 4th quarter. Empowered Funds LLC now owns 10,568 shares of the company's stock valued at $714,000 after buying an additional 1,064 shares during the period. Van ECK Associates Corp raised its holdings in shares of Xcel Energy by 12.0% during the 4th quarter. Van ECK Associates Corp now owns 179,013 shares of the company's stock valued at $12,086,000 after buying an additional 19,230 shares during the period. Avestar Capital LLC raised its holdings in shares of Xcel Energy by 10.8% during the 4th quarter. Avestar Capital LLC now owns 3,532 shares of the company's stock valued at $238,000 after buying an additional 343 shares during the period. Finally, Asset Management One Co. Ltd. raised its holdings in shares of Xcel Energy by 3.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 237,789 shares of the company's stock valued at $16,203,000 after buying an additional 7,852 shares during the period. Hedge funds and other institutional investors own 78.38% of the company's stock.

Analyst Ratings Changes

XEL has been the topic of several analyst reports. BMO Capital Markets raised their target price on Xcel Energy from $69.00 to $73.00 and gave the company a "market perform" rating in a report on Wednesday, April 23rd. Barclays lifted their target price on Xcel Energy from $72.00 to $73.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 22nd. Morgan Stanley set a $78.00 price objective on Xcel Energy and gave the company an "equal weight" rating in a research report on Thursday, May 22nd. Wells Fargo & Company set a $78.00 price target on Xcel Energy and gave the stock an "overweight" rating in a research report on Friday, April 25th. Finally, UBS Group boosted their price target on Xcel Energy from $73.00 to $77.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $75.90.

Xcel Energy Trading Down 1.2%

Shares of Xcel Energy stock traded down $0.83 on Monday, reaching $66.79. 3,343,491 shares of the company were exchanged, compared to its average volume of 3,575,553. The stock has a fifty day moving average price of $69.74 and a 200-day moving average price of $68.79. The firm has a market capitalization of $38.52 billion, a price-to-earnings ratio of 19.42, a price-to-earnings-growth ratio of 2.62 and a beta of 0.37. The company has a current ratio of 0.93, a quick ratio of 0.82 and a debt-to-equity ratio of 1.42. Xcel Energy Inc. has a fifty-two week low of $51.97 and a fifty-two week high of $73.38.

Xcel Energy (NASDAQ:XEL - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $0.84 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.95 by ($0.11). The company had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.93 billion. Xcel Energy had a return on equity of 10.65% and a net margin of 14.40%. The firm's revenue for the quarter was up 7.0% on a year-over-year basis. During the same period last year, the firm earned $0.88 earnings per share. On average, analysts expect that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, July 20th. Investors of record on Friday, June 13th will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 3.41%. The ex-dividend date is Friday, June 13th. Xcel Energy's payout ratio is 67.06%.

Xcel Energy Profile

Xcel Energy Inc, through its subsidiaries, engages in the generation, purchasing, transmission, distribution, and sale of electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through wind, nuclear, hydroelectric, biomass, and solar energy sources, as well as coal, natural gas, oil, wood, and refuse-derived fuels.