Wrapmanager Inc. Has $309,000 Position in Xcel Energy Inc. (NASDAQ:XEL)

Wrapmanager Inc. reduced its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 7.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,572 shares of the company’s stock after selling 345 shares during the quarter. Wrapmanager Inc.’s holdings in Xcel Energy were worth $309,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. AMF Tjanstepension AB increased its position in shares of Xcel Energy by 185.2% during the third quarter. AMF Tjanstepension AB now owns 34,960 shares of the company’s stock worth $2,283,000 after acquiring an additional 22,701 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of Xcel Energy by 7,432.5% during the third quarter. International Assets Investment Management LLC now owns 506,488 shares of the company’s stock worth $33,074,000 after acquiring an additional 499,764 shares in the last quarter. NorthCrest Asset Manangement LLC bought a new stake in shares of Xcel Energy during the third quarter worth $206,000. Arkadios Wealth Advisors increased its position in shares of Xcel Energy by 33.7% during the third quarter. Arkadios Wealth Advisors now owns 9,501 shares of the company’s stock worth $620,000 after acquiring an additional 2,394 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its position in shares of Xcel Energy by 7.3% during the third quarter. State of Alaska Department of Revenue now owns 64,815 shares of the company’s stock worth $4,232,000 after acquiring an additional 4,395 shares in the last quarter. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Morgan Stanley decreased 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 report on Friday, November 22nd. Jefferies Financial Group upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating and lifted their price target for the company from $71.00 to $76.00 in a research note on Friday, November 1st. Barclays lowered their price target on shares of Xcel Energy from $71.00 to $69.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 22nd. Wells Fargo & Company lifted their price target on shares of Xcel Energy from $72.00 to $75.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. 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 research note on Wednesday, December 4th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Xcel Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.91.

Xcel Energy Trading Down 0.5 %

NASDAQ:XEL opened at $70.45 on Wednesday. The firm’s fifty day moving average is $67.20 and its 200-day moving average is $65.91. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 0.93. Xcel Energy Inc. has a 52 week low of $46.79 and a 52 week high of $73.38. The firm has a market cap of $40.46 billion, a P/E ratio of 20.48, a P/E/G ratio of 2.62 and a beta of 0.43.

Xcel Energy (NASDAQ:XEL) last issued its earnings results on Thursday, February 6th. The company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.06). Xcel Energy had a return on equity of 10.65% and a net margin of 14.40%. Equities analysts expect that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Monday, January 6th were paid a dividend of $0.5475 per share. This represents a $2.19 annualized dividend and a yield of 3.11%. The ex-dividend date was Monday, January 6th. Xcel Energy’s dividend payout ratio is presently 63.66%.

Xcel Energy Company 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.