Xcel Energy Inc. (NASDAQ:XEL) Shares Purchased by Assetmark Inc.

Assetmark Inc. raised its position in shares of Xcel Energy Inc. (NASDAQ:XELFree Report) by 11.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 88,151 shares of the company’s stock after purchasing an additional 8,979 shares during the period. Assetmark Inc.’s holdings in Xcel Energy were worth $5,044,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Acadian Asset Management LLC acquired a new stake in shares of Xcel Energy in the 1st quarter worth approximately $302,000. Dimensional Fund Advisors LP lifted its stake in shares of Xcel Energy by 8.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,318,573 shares of the company’s stock worth $95,163,000 after acquiring an additional 104,140 shares during the period. Prudential PLC acquired a new stake in shares of Xcel Energy in the 1st quarter worth approximately $1,385,000. Cetera Investment Advisers lifted its stake in shares of Xcel Energy by 12.9% in the 1st quarter. Cetera Investment Advisers now owns 33,591 shares of the company’s stock worth $2,424,000 after acquiring an additional 3,836 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its stake in shares of Xcel Energy by 8.8% in the 1st quarter. Sequoia Financial Advisors LLC now owns 3,775 shares of the company’s stock worth $272,000 after acquiring an additional 304 shares during the period. 77.83% of the stock is owned by institutional investors and hedge funds.

Xcel Energy Stock Up 0.5 %

XEL stock opened at $61.31 on Friday. Xcel Energy Inc. has a 52-week low of $53.73 and a 52-week high of $71.96. The company’s 50 day simple moving average is $61.34 and its 200-day simple moving average is $60.31. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.87 and a quick ratio of 0.73. The firm has a market capitalization of $33.83 billion, a P/E ratio of 19.40, a P/E/G ratio of 2.84 and a beta of 0.41.

Xcel Energy (NASDAQ:XELGet Free Report) last released its quarterly earnings data on Friday, October 27th. The company reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.03). The company had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.98 billion. Xcel Energy had a net margin of 11.75% and a return on equity of 10.44%. The firm’s quarterly revenue was down 10.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.18 EPS. As a group, equities research analysts anticipate that Xcel Energy Inc. will post 3.36 EPS for the current year.

Xcel Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, January 20th. Shareholders of record on Thursday, December 28th will be paid a $0.52 dividend. The ex-dividend date is Wednesday, December 27th. This represents a $2.08 annualized dividend and a yield of 3.39%. Xcel Energy’s dividend payout ratio is presently 65.82%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on XEL. StockNews.com raised shares of Xcel Energy from a “sell” rating to a “hold” rating in a research note on Sunday, November 5th. Mizuho dropped their target price on shares of Xcel Energy from $69.00 to $62.00 and set a “buy” rating on the stock in a report on Tuesday, October 24th. KeyCorp boosted their target price on shares of Xcel Energy from $62.00 to $68.00 and gave the stock an “overweight” rating in a report on Thursday, January 4th. 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 report on Monday, December 18th. Finally, Evercore ISI dropped their target price on shares of Xcel Energy from $66.00 to $62.00 and set an “outperform” rating on the stock in a report on Friday, September 15th. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $65.36.

View Our Latest Analysis on XEL

Xcel Energy Profile

(Free Report)

Xcel Energy Inc, through its subsidiaries, generates, purchases, transmits, distributes, and sells electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through coal, nuclear, natural gas, hydroelectric, solar, biomass, oil, wood/refuse, and wind energy sources.

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Institutional Ownership by Quarter for Xcel Energy (NASDAQ:XEL)

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