Xcel Energy Inc. (NASDAQ:XEL) Shares Sold by RWC Asset Management LLP

Key Points

• RWC Asset Management LLP reduced its holdings in Xcel Energy by 11.6%, owning 133,596 shares valued at approximately $9.46 million after selling 17,585 shares.
• Xcel Energy reported $0.84 EPS for the latest quarter, missing analysts' expectations of $0.95, with revenues of $3.91 billion, slightly below the consensus estimate.
• The company announced a quarterly dividend of $0.57 per share, representing an annualized rate of $2.28 with a dividend yield of 3.14%.

RWC Asset Management LLP lowered its stake in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 11.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 133,596 shares of the company's stock after selling 17,585 shares during the quarter. RWC Asset Management LLP's holdings in Xcel Energy were worth $9,457,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in XEL. Bank of America Corp DE boosted its position in Xcel Energy by 43.6% in the 4th quarter. Bank of America Corp DE now owns 20,762,745 shares of the company's stock valued at $1,401,901,000 after buying an additional 6,306,380 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Xcel Energy by 15.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 17,613,239 shares of the company's stock valued at $1,189,246,000 after buying an additional 2,422,483 shares during the period. Geode Capital Management LLC increased its stake in shares of Xcel Energy by 4.2% in the 4th quarter. Geode Capital Management LLC now owns 15,178,956 shares of the company's stock valued at $1,029,223,000 after purchasing an additional 616,853 shares in the last quarter. FMR LLC raised its holdings in shares of Xcel Energy by 118.3% during the fourth quarter. FMR LLC now owns 6,608,044 shares of the company's stock valued at $446,175,000 after acquiring an additional 3,581,436 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its stake in Xcel Energy by 19.9% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,573,894 shares of the company's stock worth $443,869,000 after purchasing an additional 1,090,208 shares in the last quarter. Hedge funds and other institutional investors own 78.38% of the company's stock.

Xcel Energy Price Performance

Shares of XEL traded up $1.20 on Tuesday, reaching $72.34. The stock had a trading volume of 3,163,720 shares, compared to its average volume of 2,612,791. Xcel Energy Inc. has a twelve month low of $56.69 and a twelve month high of $73.56. The firm has a market capitalization of $41.72 billion, a PE ratio of 20.68, a PEG ratio of 2.40 and a beta of 0.36. The firm has a 50-day moving average of $68.97 and a 200 day moving average of $68.96. The company has a quick ratio of 0.70, a current ratio of 0.80 and a debt-to-equity ratio of 1.48.

Xcel Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Sunday, July 20th. Shareholders of record on Friday, June 13th were issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date of this dividend was Friday, June 13th. Xcel Energy's dividend payout ratio (DPR) is presently 67.06%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. UBS Group upped their price objective on Xcel Energy from $73.00 to $77.00 and gave the company a "neutral" rating in a report on Tuesday, April 1st. Wall Street Zen lowered 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 target price on shares of Xcel Energy and gave the stock an "overweight" rating in a research note on Friday, April 25th. Morgan Stanley lowered their target price on Xcel Energy from $78.00 to $77.00 and set an "equal weight" rating for the company in a research note on Wednesday, June 18th. Finally, BMO Capital Markets increased their target price on shares of Xcel Energy from $69.00 to $73.00 and gave the company a "market perform" rating in a research report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $75.80.

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.