Van Hulzen Asset Management LLC Decreases Stock Position in Xcel Energy Inc. (NASDAQ:XEL)

Van Hulzen Asset Management LLC reduced its position in Xcel Energy Inc. (NASDAQ:XELFree Report) by 50.5% in the third quarter, Holdings Channel.com reports. The fund owned 21,200 shares of the company’s stock after selling 21,600 shares during the period. Van Hulzen Asset Management LLC’s holdings in Xcel Energy were worth $1,213,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. raised its holdings in Xcel Energy by 0.8% in the 1st quarter. Ameritas Investment Partners Inc. now owns 19,660 shares of the company’s stock worth $1,418,000 after acquiring an additional 156 shares during the last quarter. Parsons Capital Management Inc. RI raised its stake in Xcel Energy by 2.1% during the 2nd quarter. Parsons Capital Management Inc. RI now owns 8,262 shares of the company’s stock valued at $514,000 after buying an additional 170 shares during the last quarter. Stephens Inc. AR raised its stake in Xcel Energy by 5.6% during the 2nd quarter. Stephens Inc. AR now owns 3,281 shares of the company’s stock valued at $204,000 after buying an additional 174 shares during the last quarter. Nwam LLC raised its stake in Xcel Energy by 5.8% during the 1st quarter. Nwam LLC now owns 3,224 shares of the company’s stock valued at $217,000 after buying an additional 177 shares during the last quarter. Finally, IFP Advisors Inc raised its stake in Xcel Energy by 1.6% during the 2nd quarter. IFP Advisors Inc now owns 11,461 shares of the company’s stock valued at $321,000 after buying an additional 178 shares during the last quarter. 77.83% of the stock is currently owned by hedge funds and other institutional investors.

Xcel Energy Trading Up 0.2 %

NASDAQ:XEL opened at $59.76 on Wednesday. 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 $32.98 billion, a price-to-earnings ratio of 18.62, a price-to-earnings-growth ratio of 2.77 and a beta of 0.41. Xcel Energy Inc. has a one year low of $53.73 and a one year high of $71.96. The business has a fifty day moving average price of $61.30 and a 200-day moving average price of $59.98.

Xcel Energy (NASDAQ:XELGet Free Report) last issued its quarterly earnings results on Thursday, January 25th. The company reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). Xcel Energy had a return on equity of 10.88% and a net margin of 12.47%. The business had revenue of $3.44 billion during the quarter, compared to analysts’ expectations of $4.01 billion. During the same quarter in the previous year, the company posted $0.69 EPS. The company’s quarterly revenue was down 15.1% on a year-over-year basis. Sell-side analysts forecast that Xcel Energy Inc. will post 3.57 EPS for the current year.

Xcel Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, January 20th. Shareholders of record on Thursday, December 28th were paid a $0.52 dividend. The ex-dividend date of this dividend was Wednesday, December 27th. This represents a $2.08 dividend on an annualized basis and a yield of 3.48%. Xcel Energy’s payout ratio is presently 64.80%.

Analyst Upgrades and Downgrades

XEL has been the subject of a number of research reports. BMO Capital Markets boosted their target price on shares of Xcel Energy from $59.00 to $62.00 and gave the company a “market perform” rating in a research note on Monday, December 18th. Royal Bank of Canada boosted their target price on shares of Xcel Energy from $67.00 to $68.00 and gave the company a “sector perform” rating in a research note on Tuesday. JPMorgan Chase & Co. boosted their target price on shares of Xcel Energy from $66.00 to $68.00 and gave the company a “neutral” rating in a research note on Thursday, November 30th. StockNews.com upgraded shares of Xcel Energy from a “sell” rating to a “hold” rating in a research note on Sunday, November 5th. Finally, KeyCorp boosted their price objective on shares of Xcel Energy from $62.00 to $68.00 and gave the company an “overweight” rating in a research report on Thursday, January 4th. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Xcel Energy presently has a consensus rating of “Hold” and an average price target of $65.00.

View Our Latest Research Report on XEL

Xcel Energy Company 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.

Featured Articles

Want to see what other hedge funds are holding XEL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xcel Energy Inc. (NASDAQ:XELFree Report).

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

Receive News & Ratings for Xcel Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xcel Energy and related companies with MarketBeat.com's FREE daily email newsletter.