ETRADE Capital Management LLC bought a new stake in Xcel Energy Inc (NYSE:XEL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 4,678 shares of the utilities provider’s stock, valued at approximately $225,000.
Other hedge funds have also modified their holdings of the company. SeaCrest Wealth Management LLC bought a new position in shares of Xcel Energy in the 4th quarter worth about $105,000. Assetmark Inc. lifted its position in Xcel Energy by 118.9% in the 3rd quarter. Assetmark Inc. now owns 2,191 shares of the utilities provider’s stock valued at $104,000 after purchasing an additional 1,190 shares during the last quarter. Krilogy Financial LLC bought a new stake in Xcel Energy in the 3rd quarter valued at about $127,000. BB&T Investment Services Inc. lifted its position in Xcel Energy by 73.3% in the 3rd quarter. BB&T Investment Services Inc. now owns 2,730 shares of the utilities provider’s stock valued at $145,000 after purchasing an additional 1,155 shares during the last quarter. Finally, Weatherstone Capital Management bought a new stake in Xcel Energy in the 4th quarter valued at about $208,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have commented on XEL. Zacks Investment Research downgraded shares of Xcel Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. Morgan Stanley lifted their price objective on shares of Xcel Energy from $50.00 to $53.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 13th. SunTrust Banks reaffirmed a “hold” rating and issued a $44.00 price objective on shares of Xcel Energy in a research note on Tuesday, December 26th. ValuEngine raised shares of Xcel Energy from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $49.00 target price on shares of Xcel Energy in a research report on Thursday, February 1st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Xcel Energy presently has a consensus rating of “Hold” and a consensus price target of $47.42.
NYSE XEL opened at $45.47 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.87 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.
Xcel Energy (NYSE:XEL) last issued its quarterly earnings data on Wednesday, February 7th. The utilities provider reported $0.42 earnings per share for the quarter, missing the Zacks’ 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 firm had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.84 billion. During the same quarter in the previous year, the firm posted $0.45 earnings per share. Xcel Energy’s quarterly revenue was up .0% compared to the same quarter last year. sell-side analysts anticipate that Xcel Energy Inc will post 2.44 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 20th. Investors of record on Thursday, March 15th will be given a dividend of $0.38 per share. The ex-dividend date is Wednesday, March 14th. This represents a $1.52 dividend on an annualized basis and a yield of 3.34%. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.36.
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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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