Barrow Hanley Mewhinney & Strauss LLC cut its position in Xcel Energy Inc (NYSE:XEL) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,670,377 shares of the utilities provider’s stock after selling 86,562 shares during the period. Barrow Hanley Mewhinney & Strauss LLC’s holdings in Xcel Energy were worth $176,582,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. First Republic Investment Management Inc. raised its holdings in Xcel Energy by 12.5% in the third quarter. First Republic Investment Management Inc. now owns 9,938 shares of the utilities provider’s stock worth $471,000 after purchasing an additional 1,106 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in Xcel Energy by 1.6% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 73,722 shares of the utilities provider’s stock worth $3,489,000 after purchasing an additional 1,129 shares during the period. Pacer Advisors Inc. raised its holdings in Xcel Energy by 10.4% in the third quarter. Pacer Advisors Inc. now owns 11,996 shares of the utilities provider’s stock worth $568,000 after purchasing an additional 1,131 shares during the period. BB&T Investment Services Inc. raised its holdings in Xcel Energy by 73.3% in the third quarter. BB&T Investment Services Inc. now owns 2,730 shares of the utilities provider’s stock worth $145,000 after purchasing an additional 1,155 shares during the period. Finally, Assetmark Inc. raised its holdings in Xcel Energy by 118.9% in the third quarter. Assetmark Inc. now owns 2,191 shares of the utilities provider’s stock worth $104,000 after purchasing an additional 1,190 shares during the period. Institutional investors own 73.96% of the company’s stock.
Shares of Xcel Energy Inc (NYSE XEL) opened at $44.68 on Monday. The company has a current ratio of 0.87, a quick ratio of 0.68 and a debt-to-equity ratio of 1.27. Xcel Energy Inc has a 12-month low of $41.51 and a 12-month high of $52.22. The stock has a market cap of $22,940.00, a price-to-earnings ratio of 19.77, a PEG ratio of 3.18 and a beta of 0.12.
Xcel Energy (NYSE:XEL) last issued its quarterly earnings data on Wednesday, February 7th. The utilities provider reported $0.42 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.01). Xcel Energy had a return on equity of 10.44% and a net margin of 10.06%. The company had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.84 billion. During the same period in the prior year, the company earned $0.45 EPS. The firm’s revenue was up .0% on a year-over-year basis. research analysts expect that Xcel Energy Inc will post 2.44 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Saturday, January 20th. Stockholders of record on Thursday, December 28th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend was Wednesday, December 27th. Xcel Energy’s dividend payout ratio is 63.72%.
In other news, EVP Marvin E. Jr. Mcdaniel sold 5,176 shares of the stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $51.07, for a total transaction of $264,338.32. Following the completion of the sale, the executive vice president now owns 81,371 shares of the company’s stock, valued at $4,155,616.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.22% of the stock is owned by corporate insiders.
Several research firms have weighed in on XEL. SunTrust Banks set a $43.00 target price on shares of Xcel Energy and gave the stock a “hold” rating in a report on Monday, February 12th. UBS Group began coverage on shares of Xcel Energy in a report on Friday, February 2nd. They issued a “neutral” rating and a $47.00 target price on the stock. Morgan Stanley upgraded shares of Xcel Energy from an “equal weight” rating to an “overweight” rating and set a $48.00 target price on the stock in a report on Tuesday, February 13th. Bank of America cut their target price on shares of Xcel Energy from $49.00 to $47.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $49.00 target price on shares of Xcel Energy in a report on Thursday, February 1st. Nine analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Xcel Energy presently has an average rating of “Hold” and a consensus price target of $48.00.
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Xcel Energy Company Profile
Xcel Energy Inc is a public utility holding company. The Company’s operations include the activity of four utility subsidiaries that serve electric and natural gas customers in eight states. The Company’s segments include regulated electric utility, regulated natural gas utility and all other. The Company’s utility subsidiaries include NSP-Minnesota, NSP-Wisconsin, Public Service Company of Colorado (PSCo) and Southwestern Public Service Co (SPS), which serve customers in portions of Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin.
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