USA Financial Formulas Purchases New Position in Xcel Energy Inc. (NASDAQ:XEL)

USA Financial Formulas purchased a new stake in Xcel Energy Inc. (NASDAQ:XELFree Report) during the 4th quarter, Holdings Channel.com reports. The fund purchased 35,063 shares of the company’s stock, valued at approximately $2,367,000. Xcel Energy comprises 0.4% of USA Financial Formulas’ investment portfolio, making the stock its 12th largest holding.

A number of other institutional investors have also modified their holdings of the stock. State Street Corp raised its stake in shares of Xcel Energy by 6.7% during the 3rd quarter. State Street Corp now owns 37,143,025 shares of the company’s stock worth $2,445,477,000 after buying an additional 2,323,448 shares during the last quarter. Brookfield Corp ON increased 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 worth $163,840,000 after buying an additional 2,104,405 shares in the last quarter. Merewether Investment Management LP acquired a new position in shares of Xcel Energy in the third quarter worth $64,301,000. Massachusetts Financial Services Co. MA lifted its position in shares of Xcel Energy by 6.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 15,190,756 shares of the company’s stock valued at $991,956,000 after acquiring an additional 892,740 shares in the last quarter. Finally, Janus Henderson Group PLC increased its position in Xcel Energy by 1,265.6% during the 3rd quarter. Janus Henderson Group PLC now owns 839,146 shares of the company’s stock worth $54,797,000 after purchasing an additional 777,696 shares in the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on XEL shares. Jefferies Financial Group upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating and lifted their price target for the stock from $71.00 to $76.00 in a report on Friday, November 1st. Wells Fargo & Company upgraded Xcel Energy from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $70.00 to $72.00 in a research note on Monday. Barclays upped their price objective on shares of Xcel Energy from $67.00 to $71.00 and gave the company an “overweight” rating in a research note on Tuesday, November 26th. JPMorgan Chase & Co. raised shares of Xcel Energy from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $69.00 to $80.00 in a research report on Thursday, December 12th. Finally, KeyCorp lifted their price target on shares of Xcel Energy from $74.00 to $79.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $69.67.

Check Out Our Latest Analysis on Xcel Energy

Xcel Energy Stock Up 1.3 %

Xcel Energy stock opened at $64.94 on Thursday. The company’s 50-day moving average price is $68.45 and its two-hundred day moving average price is $63.38. The stock has a market cap of $37.29 billion, a price-to-earnings ratio of 19.27, a PEG ratio of 2.40 and a beta of 0.42. Xcel Energy Inc. has a 52 week low of $46.79 and a 52 week high of $73.38. The company has a current ratio of 0.93, a quick ratio of 0.82 and a debt-to-equity ratio of 1.42.

Xcel Energy (NASDAQ:XELGet Free Report) last announced its earnings results on Thursday, October 31st. The company reported $1.25 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.01). The firm had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.93 billion. Xcel Energy had a return on equity of 10.76% and a net margin of 13.67%. Xcel Energy’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.23 EPS. On average, analysts expect that Xcel Energy Inc. will post 3.54 EPS for the current fiscal year.

Xcel Energy Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Monday, January 6th will be issued a $0.5475 dividend. The ex-dividend date is Monday, January 6th. This represents a $2.19 annualized dividend and a dividend yield of 3.37%. Xcel Energy’s dividend payout ratio is currently 64.99%.

Xcel Energy Profile

(Free Report)

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.

See Also

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)

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