Xcel Energy Inc. (XEL) Shares Sold by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC trimmed its position in shares of Xcel Energy Inc. (NYSE:XEL) by 0.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,756,939 shares of the utilities provider’s stock after selling 21,371 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned approximately 0.74% of Xcel Energy worth $177,779,000 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 XEL. Schwab Charles Investment Management Inc. boosted its position in Xcel Energy by 4.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,739,569 shares of the utilities provider’s stock worth $79,812,000 after purchasing an additional 80,793 shares in the last quarter. Boston Partners boosted its position in Xcel Energy by 1.8% during the second quarter. Boston Partners now owns 13,047 shares of the utilities provider’s stock worth $599,000 after purchasing an additional 228 shares in the last quarter. Advisors Asset Management Inc. boosted its position in Xcel Energy by 5.0% during the second quarter. Advisors Asset Management Inc. now owns 34,589 shares of the utilities provider’s stock worth $1,587,000 after purchasing an additional 1,642 shares in the last quarter. Dupont Capital Management Corp purchased a new stake in Xcel Energy during the second quarter worth $135,000. Finally, LMR Partners LLP purchased a new stake in Xcel Energy during the second quarter worth $1,322,000. Institutional investors own 73.41% of the company’s stock.

A number of research firms have commented on XEL. Morgan Stanley boosted their target price on Xcel Energy from $50.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Zacks Investment Research downgraded Xcel Energy from a “hold” rating to a “sell” rating in a research report on Tuesday. SunTrust Banks restated a “hold” rating and issued a $48.00 price objective on shares of Xcel Energy in a research report on Monday, December 4th. ValuEngine upgraded Xcel Energy from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Finally, Mizuho restated a “hold” rating and issued a $46.00 price objective on shares of Xcel Energy in a research report on Friday, September 29th. One analyst has rated the stock with a sell rating, eight have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $49.45.

In related news, EVP Marvin E. Jr. Mcdaniel sold 5,176 shares of the company’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $51.07, for a total value of $264,338.32. Following the completion of the transaction, the executive vice president now directly owns 81,371 shares in the company, valued at $4,155,616.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Timothy V. Wolf sold 3,000 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $49.48, for a total value of $148,440.00. Following the completion of the transaction, the director now owns 3,700 shares of the company’s stock, valued at $183,076. The disclosure for this sale can be found here. Insiders sold 28,363 shares of company stock valued at $1,415,265 over the last quarter. Insiders own 0.22% of the company’s stock.

Shares of Xcel Energy Inc. (NYSE:XEL) traded up $0.39 during trading hours on Friday, hitting $50.78. The stock had a trading volume of 4,461,095 shares, compared to its average volume of 2,492,761. 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 twelve month low of $40.04 and a twelve month high of $52.22. The stock has a market capitalization of $25,586.17, a P/E ratio of 21.53, a P/E/G ratio of 4.00 and a beta of 0.21.

Xcel Energy (NYSE:XEL) last issued its quarterly earnings data on Thursday, October 26th. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.05. Xcel Energy had a return on equity of 10.63% and a net margin of 10.40%. The business had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $3.27 billion. During the same period in the prior year, the business earned $0.90 earnings per share. The business’s revenue was down .8% on a year-over-year basis. sell-side analysts forecast that Xcel Energy Inc. will post 2.31 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, January 20th. Investors of record on Thursday, December 28th will be paid a $0.36 dividend. The ex-dividend date is Wednesday, December 27th. This represents a $1.44 annualized dividend and a yield of 2.84%. Xcel Energy’s payout ratio is currently 61.54%.

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

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