Reinhart Partners LLC. Has $9.56 Million Position in Xcel Energy Inc. (NASDAQ:XEL)

Reinhart Partners LLC. cut its stake in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 7.7% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 135,031 shares of the company's stock after selling 11,280 shares during the period. Reinhart Partners LLC.'s holdings in Xcel Energy were worth $9,559,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp grew its holdings in shares of Xcel Energy by 35.8% during the 4th quarter. Jones Financial Companies Lllp now owns 14,825 shares of the company's stock valued at $1,001,000 after acquiring an additional 3,905 shares in the last quarter. Van ECK Associates Corp boosted its position in Xcel Energy by 12.0% during the fourth quarter. Van ECK Associates Corp now owns 179,013 shares of the company's stock valued at $12,086,000 after purchasing an additional 19,230 shares during the last quarter. Edge Capital Group LLC purchased a new position in Xcel Energy in the fourth quarter valued at about $14,067,000. UniSuper Management Pty Ltd increased its position in Xcel Energy by 22.3% in the 4th quarter. UniSuper Management Pty Ltd now owns 49,882 shares of the company's stock worth $3,368,000 after purchasing an additional 9,110 shares during the last quarter. Finally, Ethic Inc. raised its stake in shares of Xcel Energy by 55.0% during the 4th quarter. Ethic Inc. now owns 23,030 shares of the company's stock worth $1,555,000 after purchasing an additional 8,168 shares in the last quarter. Institutional investors and hedge funds own 78.38% of the company's stock.

Xcel Energy Stock Down 0.1%

Xcel Energy stock opened at $68.51 on Friday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.82. Xcel Energy Inc. has a fifty-two week low of $51.97 and a fifty-two week high of $73.38. The firm has a fifty day moving average price of $69.79 and a two-hundred day moving average price of $68.95. The firm has a market cap of $39.51 billion, a price-to-earnings ratio of 19.92, a P/E/G ratio of 2.62 and a beta of 0.37.

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

Xcel Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, July 20th. Stockholders of record on Friday, June 13th will be paid a $0.57 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.28 annualized dividend and a dividend yield of 3.33%. Xcel Energy's payout ratio is 67.06%.

Wall Street Analysts Forecast Growth

XEL has been the subject of several recent research reports. UBS Group boosted their price target on Xcel Energy from $73.00 to $77.00 and gave the company a "neutral" rating in a research note on Tuesday, April 1st. Wall Street Zen cut shares of Xcel Energy from a "hold" rating to a "sell" rating in a research note on Tuesday, May 20th. Wells Fargo & Company set a $78.00 price target on shares of Xcel Energy and gave the stock an "overweight" rating in a research note on Friday, April 25th. BMO Capital Markets lifted their price objective on shares of Xcel Energy from $69.00 to $73.00 and gave the company a "market perform" rating in a research note on Wednesday, April 23rd. Finally, Evercore ISI increased their target price on shares of Xcel Energy from $74.00 to $77.00 and gave the stock an "outperform" rating in a research report on Monday, April 28th. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $75.90.

Insider Buying and Selling

In other news, Director Devin W. Stockfish purchased 2,170 shares of the business's stock in a transaction on Tuesday, March 11th. The stock was purchased at an average price of $68.93 per share, with a total value of $149,578.10. Following the acquisition, the director now directly owns 3,007 shares in the company, valued at approximately $207,272.51. The trade was a 259.26% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.09% of the stock is currently owned by insiders.

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.

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