All Terrain Financial Advisors LLC purchased a new stake in Xcel Energy Inc (NYSE:XEL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,201 shares of the utilities provider’s stock, valued at approximately $250,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. boosted its stake in Xcel Energy by 0.4% in the 4th quarter. BlackRock Inc. now owns 42,686,068 shares of the utilities provider’s stock worth $2,053,627,000 after purchasing an additional 190,067 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Xcel Energy by 6.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 30,317,644 shares of the utilities provider’s stock valued at $1,436,147,000 after buying an additional 1,810,629 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Xcel Energy by 12.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 6,547,453 shares of the utilities provider’s stock valued at $309,800,000 after buying an additional 710,989 shares during the period. Geode Capital Management LLC boosted its stake in shares of Xcel Energy by 7.5% during the 4th quarter. Geode Capital Management LLC now owns 5,880,242 shares of the utilities provider’s stock valued at $282,358,000 after buying an additional 408,384 shares during the period. Finally, Boston Partners boosted its stake in shares of Xcel Energy by 43.7% during the 4th quarter. Boston Partners now owns 5,126,143 shares of the utilities provider’s stock valued at $246,619,000 after buying an additional 1,557,929 shares during the period. Institutional investors and hedge funds own 73.96% of the company’s stock.
Shares of XEL stock traded down $0.22 during trading hours on Friday, reaching $45.47. 3,609,638 shares of the company were exchanged, compared to its average volume of 3,815,051. Xcel Energy Inc has a fifty-two week low of $41.51 and a fifty-two week high of $52.22. 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 (NYSE:XEL) last issued its earnings results on Wednesday, February 7th. The utilities provider reported $0.42 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.01). Xcel Energy had a net margin of 10.06% and a return on equity of 10.44%. The firm had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.84 billion. During the same period in the previous year, the company posted $0.45 EPS. The firm’s revenue for the quarter was up .0% on a year-over-year basis. equities research analysts anticipate that Xcel Energy Inc will post 2.44 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 20th. Shareholders of record on Thursday, March 15th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 3.34%. The ex-dividend date of this dividend is Wednesday, March 14th. This is an increase from Xcel Energy’s previous quarterly dividend of $0.36.
A number of equities research analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Xcel Energy from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. Morgan Stanley boosted their price objective on shares of Xcel Energy from $50.00 to $53.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 13th. ValuEngine upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. SunTrust Banks reiterated a “hold” rating and set a $44.00 target price on shares of Xcel Energy in a research report on Tuesday, December 26th. Finally, JPMorgan Chase boosted their price target on shares of Xcel Energy from $46.00 to $48.00 and gave the company an “overweight” rating in a research report on Wednesday, March 28th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Xcel Energy presently has a consensus rating of “Hold” and an average price target of $47.42.
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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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