Summit Global Investments Has $330,000 Stake in Xcel Energy Inc. (NASDAQ:XEL)

Summit Global Investments decreased its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 95.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,335 shares of the company's stock after selling 121,799 shares during the period. Summit Global Investments' holdings in Xcel Energy were worth $330,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Criterion Capital Advisors LLC purchased a new stake in shares of Xcel Energy in the fourth quarter valued at approximately $25,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Xcel Energy during the 4th quarter worth $25,000. Capital Analysts LLC increased its holdings in shares of Xcel Energy by 293.6% in the 4th quarter. Capital Analysts LLC now owns 433 shares of the company's stock valued at $26,000 after purchasing an additional 323 shares in the last quarter. Royal London Asset Management Ltd. acquired a new stake in shares of Xcel Energy in the third quarter valued at about $27,000. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Xcel Energy during the third quarter worth about $31,000. Hedge funds and other institutional investors own 78.38% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on XEL shares. JPMorgan Chase & Co. decreased their price target on 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 Xcel Energy from a "b-" rating to a "c+" rating in a report on Thursday, March 14th. KeyCorp cut their price target on Xcel Energy from $68.00 to $65.00 and set an "overweight" rating for the company in a research note on Friday, April 19th. StockNews.com raised shares of Xcel Energy from a "sell" rating to a "hold" rating in a research note on Thursday. Finally, Wolfe Research upgraded shares of Xcel Energy from a "peer perform" rating to an "outperform" rating and set a $58.00 target price for the company in a research report on Monday, March 11th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $62.83.

Xcel Energy Trading Up 0.2 %

NASDAQ:XEL traded up $0.11 during mid-day trading on Monday, reaching $54.36. The company's stock had a trading volume of 4,816,661 shares, compared to its average volume of 5,349,613. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.86 and a quick ratio of 0.74. The stock has a market cap of $30.20 billion, a P/E ratio of 16.32, a P/E/G ratio of 2.38 and a beta of 0.36. The company's fifty day simple moving average is $53.17 and its two-hundred day simple moving average is $57.85. Xcel Energy Inc. has a twelve month low of $46.79 and a twelve month high of $69.85.

Xcel Energy (NASDAQ:XEL - Get Free Report) last posted its earnings results on Thursday, April 25th. The company reported $0.88 EPS for the quarter, topping analysts' consensus estimates of $0.80 by $0.08. Xcel Energy had a net margin of 13.36% and a return on equity of 11.03%. The business had revenue of $3.65 billion for the quarter, compared to analysts' expectations of $4.12 billion. During the same period in the previous year, the company posted $0.76 earnings per share. The business's revenue for the quarter was down 10.6% compared to the same quarter last year. On average, equities analysts predict that Xcel Energy Inc. will post 3.56 EPS for the current year.

Xcel Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, April 20th. Investors of record on Friday, March 15th were given a $0.548 dividend. The ex-dividend date was Thursday, March 14th. This is an increase from Xcel Energy's previous quarterly dividend of $0.52. This represents a $2.19 annualized dividend and a yield of 4.03%. Xcel Energy's dividend payout ratio (DPR) is currently 65.77%.

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.