Xcel Energy Inc. (NASDAQ:XEL) Holdings Raised by Hoese & Co LLP

Hoese & Co LLP grew its position in Xcel Energy Inc. (NASDAQ:XEL) by 880.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,197 shares of the company’s stock after acquiring an additional 7,361 shares during the quarter. Xcel Energy makes up approximately 0.4% of Hoese & Co LLP’s holdings, making the stock its 22nd largest position. Hoese & Co LLP’s holdings in Xcel Energy were worth $535,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in XEL. TruNorth Capital Management LLC bought a new position in Xcel Energy during the 2nd quarter worth $30,000. American National Bank bought a new position in Xcel Energy during the 2nd quarter worth $32,000. Quarry LP bought a new position in Xcel Energy during the 4th quarter worth $34,000. Kimelman & Baird LLC bought a new position in Xcel Energy during the 2nd quarter worth $35,000. Finally, Rothschild Investment LLC bought a new position in Xcel Energy during the 2nd quarter worth $37,000. 78.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on XEL shares. UBS Group upped their price objective on Xcel Energy from $66.00 to $67.00 and gave the stock a “neutral” rating in a research note on Friday, September 20th. Wells Fargo & Company upped their price objective on Xcel Energy from $57.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Friday, August 2nd. KeyCorp increased their price target on Xcel Energy from $66.00 to $69.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. Argus raised Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a research note on Monday, August 26th. Finally, Morgan Stanley increased their price target on Xcel Energy from $68.00 to $73.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $64.36.

Xcel Energy Stock Down 0.7 %

NASDAQ:XEL opened at $62.16 on Friday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.86 and a current ratio of 0.97. The company has a market cap of $34.54 billion, a PE ratio of 18.67, a PEG ratio of 2.75 and a beta of 0.39. Xcel Energy Inc. has a 52-week low of $46.79 and a 52-week high of $65.64. The stock has a 50-day simple moving average of $62.01 and a 200 day simple moving average of $57.07.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.03). Xcel Energy had a net margin of 13.46% and a return on equity of 10.94%. The company had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.29 billion. During the same period last year, the company posted $0.52 earnings per share. The business’s revenue for the quarter was up .2% on a year-over-year basis. On average, sell-side analysts expect that Xcel Energy Inc. will post 3.55 EPS for the current fiscal year.

Xcel Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, October 20th. Investors of record on Friday, September 13th will be issued a dividend of $0.548 per share. This is a boost from Xcel Energy’s previous quarterly dividend of $0.55. This represents a $2.19 annualized dividend and a yield of 3.53%. The ex-dividend date is Friday, September 13th. Xcel Energy’s dividend payout ratio (DPR) is presently 65.77%.

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.