International Assets Investment Management LLC Has $37.22 Million Stock Position in Xcel Energy Inc. (NASDAQ:XEL)

International Assets Investment Management LLC lifted its position in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 1,936.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 601,141 shares of the company's stock after acquiring an additional 571,626 shares during the quarter. International Assets Investment Management LLC owned approximately 0.11% of Xcel Energy worth $37,217,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. McCarthy Grittinger Financial Group LLC purchased a new position in Xcel Energy during the 3rd quarter valued at about $26,000. Royal London Asset Management Ltd. acquired a new position in Xcel Energy in the 3rd quarter valued at approximately $27,000. Strategic Investment Solutions Inc. IL purchased a new stake in Xcel Energy in the 1st quarter worth approximately $27,000. Country Trust Bank boosted its stake in shares of Xcel Energy by 106.6% during the 3rd quarter. Country Trust Bank now owns 535 shares of the company's stock valued at $31,000 after buying an additional 276 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Xcel Energy during the 3rd quarter valued at $31,000. Institutional investors and hedge funds own 78.38% of the company's stock.

Xcel Energy Stock Performance

Shares of XEL traded up $0.29 during mid-day trading on Tuesday, hitting $54.37. The company's stock had a trading volume of 2,328,825 shares, compared to its average volume of 5,656,382. The stock's 50-day moving average is $55.16 and its two-hundred day moving average is $58.40. The firm has a market capitalization of $30.18 billion, a PE ratio of 16.85, a price-to-earnings-growth ratio of 2.50 and a beta of 0.36. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.59 and a current ratio of 0.72. Xcel Energy Inc. has a one year low of $46.79 and a one year high of $71.57.

Xcel Energy (NASDAQ:XEL - Get Free Report) last posted its quarterly 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). Xcel Energy had a net margin of 12.47% and a return on equity of 10.78%. The firm had revenue of $3.44 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same period last year, the company earned $0.69 EPS. The company's revenue was down 15.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Xcel Energy Inc. will post 3.56 EPS for the current year.

Xcel Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, April 20th. Shareholders of record on Friday, March 15th will be given a $0.548 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This is a positive change from Xcel Energy's previous quarterly dividend of $0.52. This represents a $2.19 dividend on an annualized basis and a yield of 4.03%. Xcel Energy's payout ratio is 68.22%.

Analyst Ratings Changes

Several analysts recently issued reports on XEL shares. Wolfe Research upgraded Xcel Energy from a "peer perform" rating to an "outperform" rating and set a $58.00 price objective for the company in a report on Monday, March 11th. Wells Fargo & Company raised their price target on Xcel Energy from $63.00 to $64.00 and gave the stock an "equal weight" rating in a research note on Friday, January 26th. JPMorgan Chase & Co. lowered their price target on Xcel Energy from $68.00 to $59.00 and set a "neutral" rating for the company in a research note on Wednesday, March 13th. Barclays raised shares of Xcel Energy from an "equal weight" rating to an "overweight" rating and cut their price objective for the company from $61.00 to $54.00 in a research report on Monday, March 11th. Finally, BMO Capital Markets boosted their target price on shares of Xcel Energy from $59.00 to $62.00 and gave the stock a "market perform" rating in a research report on Monday, December 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Xcel Energy has a consensus rating of "Hold" and an average price target of $63.08.

Xcel Energy Company 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.