Flinton Capital Management LLC grew its position in shares of Xcel Energy Inc (NYSE:XEL) by 7.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 118,184 shares of the utilities provider’s stock after buying an additional 7,786 shares during the quarter. Flinton Capital Management LLC’s holdings in Xcel Energy were worth $5,686,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently bought and sold shares of the business. SeaCrest Wealth Management LLC bought a new stake in shares of Xcel Energy in the 4th quarter worth approximately $105,000. Assetmark Inc. raised its holdings in shares of Xcel Energy by 118.9% in the 3rd 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. Krilogy Financial LLC bought a new stake in shares of Xcel Energy in the 3rd quarter worth approximately $127,000. BB&T Investment Services Inc. raised its holdings in shares of 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 worth $145,000 after purchasing an additional 1,155 shares during the period. Finally, Avestar Capital LLC bought a new stake in shares of Xcel Energy in the 4th quarter worth approximately $134,000. 73.96% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts recently commented on the stock. JPMorgan Chase lifted their price target on shares of Xcel Energy from $46.00 to $48.00 and gave the stock an “overweight” rating in a report on Wednesday, March 28th. Mizuho upgraded shares of Xcel Energy from a “neutral” rating to a “buy” rating and set a $44.00 price objective for the company in a research note on Tuesday, March 27th. UBS initiated coverage on shares of Xcel Energy in a research note on Friday, February 2nd. They issued a “neutral” rating and a $47.00 price objective for the company. SunTrust Banks set a $43.00 price objective on shares of Xcel Energy and gave the company a “hold” rating in a research note on Monday, February 5th. Finally, Zacks Investment Research lowered shares of Xcel Energy from a “hold” rating to a “sell” rating in a research note on Friday, March 9th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $47.42.
XEL opened at $45.47 on Friday. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.87 and a quick ratio of 0.68. Xcel Energy Inc has a one year low of $41.51 and a one year high of $52.22.
Xcel Energy (NYSE:XEL) last released its quarterly earnings results on Wednesday, February 7th. The utilities provider reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.01). The firm had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.84 billion. Xcel Energy had a net margin of 10.06% and a return on equity of 10.44%. The firm’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter last year, the firm earned $0.45 earnings per share. research analysts expect that Xcel Energy Inc will post 2.44 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 20th. Stockholders of record on Thursday, March 15th will be given a dividend of $0.38 per share. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.36. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date of this dividend is Wednesday, March 14th.
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Xcel Energy 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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