Xcel Energy Inc. (NASDAQ:XEL) Stock Holdings Decreased by Bfsg LLC

Bfsg LLC lessened its position in Xcel Energy Inc. (NASDAQ:XEL) by 48.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 547 shares of the company’s stock after selling 523 shares during the quarter. Bfsg LLC’s holdings in Xcel Energy were worth $37,000 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. State Street Corp increased its holdings in shares of Xcel Energy by 6.7% in the 3rd quarter. State Street Corp now owns 37,143,025 shares of the company’s stock valued at $2,445,477,000 after purchasing an additional 2,323,448 shares during the period. Brookfield Corp ON grew its position in Xcel Energy by 520.1% during the third quarter. Brookfield Corp ON now owns 2,509,031 shares of the company’s stock valued at $163,840,000 after purchasing an additional 2,104,405 shares in the last quarter. Merewether Investment Management LP acquired a new position in Xcel Energy in the 3rd quarter valued at approximately $64,301,000. Massachusetts Financial Services Co. MA boosted its stake in shares of Xcel Energy by 6.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 15,190,756 shares of the company’s stock valued at $991,956,000 after buying an additional 892,740 shares during the period. Finally, Janus Henderson Group PLC increased its stake in shares of Xcel Energy by 1,265.6% in the third quarter. Janus Henderson Group PLC now owns 839,146 shares of the company’s stock worth $54,797,000 after acquiring an additional 777,696 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Wells Fargo & Company lifted their price target on Xcel Energy from $72.00 to $75.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Morgan Stanley reduced their target price on shares of Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. KeyCorp increased their price target on shares of Xcel Energy from $74.00 to $79.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Jefferies Financial Group raised shares of Xcel Energy from a “hold” rating to a “buy” rating and lifted their price objective for the company from $71.00 to $76.00 in a research note on Friday, November 1st. Finally, JPMorgan Chase & Co. raised shares of Xcel Energy from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $69.00 to $80.00 in a research report on Thursday, December 12th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Xcel Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.91.

Xcel Energy Stock Up 0.8 %

XEL stock opened at $69.07 on Thursday. The stock has a market capitalization of $39.66 billion, a price-to-earnings ratio of 20.08, a price-to-earnings-growth ratio of 2.59 and a beta of 0.43. The company has a 50-day moving average of $67.04 and a two-hundred day moving average of $65.52. Xcel Energy Inc. has a 52-week low of $46.79 and a 52-week high of $73.38. 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 (NASDAQ:XEL) last announced its earnings results on Thursday, February 6th. The company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.06). Xcel Energy had a net margin of 14.40% and a return on equity of 10.65%. As a group, equities research analysts anticipate that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Monday, January 6th were issued a $0.5475 dividend. This represents a $2.19 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date of this dividend was Monday, January 6th. Xcel Energy’s dividend payout ratio (DPR) is presently 63.66%.

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.