Raymond James & Associates lifted its position in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 114.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 671,171 shares of the company's stock after purchasing an additional 358,099 shares during the period. Raymond James & Associates owned about 0.12% of Xcel Energy worth $41,552,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the company. McCarthy Grittinger Financial Group LLC acquired a new stake in Xcel Energy during the 3rd quarter worth $26,000. Royal London Asset Management Ltd. acquired a new stake in Xcel Energy during the 3rd quarter worth $27,000. Strategic Investment Solutions Inc. IL acquired a new stake in Xcel Energy during the 1st quarter worth $27,000. Country Trust Bank raised its stake in Xcel Energy by 106.6% during the 3rd quarter. Country Trust Bank now owns 535 shares of the company's stock worth $31,000 after acquiring an additional 276 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Xcel Energy during the 3rd quarter worth $31,000. 78.38% of the stock is owned by hedge funds and other institutional investors.
Xcel Energy Stock Up 0.7 %
XEL stock traded up $0.37 during trading hours on Friday, hitting $53.75. The company's stock had a trading volume of 3,556,393 shares, compared to its average volume of 9,331,492. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 1.41. The company has a market capitalization of $29.84 billion, a PE ratio of 16.74, a price-to-earnings-growth ratio of 2.49 and a beta of 0.36. Xcel Energy Inc. has a 12 month low of $46.79 and a 12 month high of $71.96. The stock has a 50 day moving average price of $55.91 and a two-hundred day moving average price of $58.62.
Xcel Energy (NASDAQ:XEL - Get Free Report) last released its earnings results on Thursday, January 25th. The company reported $0.83 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.02). The company had revenue of $3.44 billion for the quarter, compared to analyst estimates of $4.01 billion. Xcel Energy had a net margin of 12.47% and a return on equity of 10.78%. Xcel Energy's revenue for the quarter was down 15.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.69 earnings per share. On average, equities research analysts expect that Xcel Energy Inc. will post 3.56 earnings per share for the current year.
Xcel Energy Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Saturday, April 20th. Investors of record on Friday, March 15th will be given a $0.548 dividend. This represents a $2.19 dividend on an annualized basis and a dividend yield of 4.08%. This is an increase from Xcel Energy's previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Thursday, March 14th. Xcel Energy's dividend payout ratio (DPR) is currently 68.22%.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Xcel Energy from $68.00 to $59.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 13th. TheStreet lowered shares of Xcel Energy from a "b-" rating to a "c+" rating in a research note on Thursday, March 14th. KeyCorp boosted their price target on shares of Xcel Energy from $62.00 to $68.00 and gave the stock an "overweight" rating in a research note on Thursday, January 4th. StockNews.com upgraded shares of Xcel Energy from a "sell" rating to a "hold" rating in a research note on Thursday, March 7th. Finally, Royal Bank of Canada boosted their price target on shares of Xcel Energy from $67.00 to $68.00 and gave the stock a "sector perform" rating in a research note on Tuesday, January 30th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $63.08.
Read Our Latest Analysis on Xcel Energy
Xcel Energy Profile
(
Free Report)
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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