ING Groep NV Boosts Holdings in Xcel Energy Inc. (NASDAQ:XEL)

ING Groep NV raised its position in Xcel Energy Inc. (NASDAQ:XELFree Report) by 168.5% during the fourth quarter, HoldingsChannel reports. The firm owned 365,828 shares of the company’s stock after purchasing an additional 229,582 shares during the period. ING Groep NV’s holdings in Xcel Energy were worth $22,648,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kesler Norman & Wride LLC raised its stake in Xcel Energy by 0.7% in the fourth quarter. Kesler Norman & Wride LLC now owns 26,007 shares of the company’s stock valued at $1,610,000 after buying an additional 169 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in Xcel Energy by 0.9% during the fourth quarter. Geneos Wealth Management Inc. now owns 20,580 shares of the company’s stock worth $1,274,000 after purchasing an additional 182 shares during the last quarter. Loomis Sayles & Co. L P boosted its holdings in Xcel Energy by 20.1% in the third quarter. Loomis Sayles & Co. L P now owns 1,123 shares of the company’s stock valued at $64,000 after purchasing an additional 188 shares in the last quarter. Xponance Inc. increased its stake in Xcel Energy by 0.3% in the fourth quarter. Xponance Inc. now owns 70,411 shares of the company’s stock valued at $4,359,000 after purchasing an additional 198 shares during the last quarter. Finally, Venture Visionary Partners LLC raised its holdings in Xcel Energy by 4.0% during the fourth quarter. Venture Visionary Partners LLC now owns 5,460 shares of the company’s stock worth $338,000 after purchasing an additional 210 shares in the last quarter. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on XEL shares. Wells Fargo & Company raised their price objective on shares of Xcel Energy from $63.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Friday, January 26th. Wolfe Research raised shares of Xcel Energy from a “peer perform” rating to an “outperform” rating and set a $58.00 price target on the stock in a research note on Monday, March 11th. TheStreet downgraded Xcel Energy from a “b-” rating to a “c+” rating in a research report on Thursday, March 14th. Royal Bank of Canada upped their price target on shares of Xcel Energy from $67.00 to $68.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 30th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Xcel Energy from $68.00 to $59.00 and set a “neutral” rating for the company in a research report on Wednesday, March 13th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $62.83.

View Our Latest Research Report on XEL

Xcel Energy Stock Performance

Shares of Xcel Energy stock traded down $0.33 during midday trading on Friday, hitting $55.52. The company had a trading volume of 4,092,822 shares, compared to its average volume of 4,227,675. The business’s 50 day simple moving average is $53.80 and its two-hundred day simple moving average is $57.65. The stock has a market cap of $30.85 billion, a PE ratio of 16.67, a P/E/G ratio of 2.45 and a beta of 0.36. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.86 and a quick ratio of 0.74. Xcel Energy Inc. has a 1-year low of $46.79 and a 1-year high of $66.52.

Xcel Energy (NASDAQ:XELGet Free Report) last posted its quarterly earnings results on Thursday, April 25th. The company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.08. Xcel Energy had a net margin of 13.36% and a return on equity of 11.03%. The firm had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $4.12 billion. During the same quarter in the previous year, the company earned $0.76 earnings per share. The business’s revenue was down 10.6% compared to the same quarter last year. As a group, equities analysts predict that Xcel Energy Inc. will post 3.56 EPS for the current fiscal year.

Xcel Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, April 20th. Shareholders of record on Friday, March 15th were issued a dividend of $0.548 per share. The ex-dividend date was Thursday, March 14th. This is a boost from Xcel Energy’s previous quarterly dividend of $0.52. This represents a $2.19 dividend on an annualized basis and a dividend yield of 3.95%. Xcel Energy’s dividend payout ratio (DPR) is presently 65.77%.

About Xcel Energy

(Free Report)

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.

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Institutional Ownership by Quarter for Xcel Energy (NASDAQ:XEL)

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