Glenmede Trust Co. NA raised its holdings in Xcel Energy Inc (NYSE:XEL) by 184.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 534,889 shares of the utilities provider’s stock after buying an additional 346,601 shares during the quarter. Glenmede Trust Co. NA owned about 0.11% of Xcel Energy worth $25,732,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in XEL. JPMorgan Chase & Co. raised its stake in shares of Xcel Energy by 6.4% in the third quarter. JPMorgan Chase & Co. now owns 30,317,644 shares of the utilities provider’s stock worth $1,436,147,000 after purchasing an additional 1,810,629 shares during the last quarter. Boston Partners raised its stake in shares of Xcel Energy by 43.7% in the fourth quarter. Boston Partners now owns 5,126,143 shares of the utilities provider’s stock worth $246,619,000 after purchasing an additional 1,557,929 shares during the last quarter. APG Asset Management N.V. raised its stake in shares of Xcel Energy by 106.4% in the fourth quarter. APG Asset Management N.V. now owns 2,573,556 shares of the utilities provider’s stock worth $103,109,000 after purchasing an additional 1,326,900 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Xcel Energy by 41.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,980,432 shares of the utilities provider’s stock worth $191,499,000 after purchasing an additional 1,164,088 shares during the last quarter. Finally, Janus Henderson Group PLC raised its stake in shares of Xcel Energy by 47.0% in the third quarter. Janus Henderson Group PLC now owns 3,336,876 shares of the utilities provider’s stock worth $157,899,000 after purchasing an additional 1,067,592 shares during the last quarter. Institutional investors own 73.96% of the company’s stock.
Shares of Xcel Energy Inc (NYSE:XEL) opened at $44.17 on Tuesday. The company has a market capitalization of $22,160.00, a PE ratio of 19.20, a P/E/G ratio of 3.18 and a beta of 0.18. Xcel Energy Inc has a 1-year low of $41.51 and a 1-year 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 posted its earnings results on Wednesday, February 7th. The utilities provider reported $0.42 EPS for the quarter, missing the 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 company had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.84 billion. During the same period last year, the business earned $0.45 earnings per share. The firm’s revenue was up .0% on a year-over-year basis. analysts predict that Xcel Energy Inc will post 2.44 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 20th. Shareholders of record on Thursday, March 15th will be issued a $0.38 dividend. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.36. This represents a $1.52 annualized dividend and a yield of 3.44%. The ex-dividend date of this dividend is Wednesday, March 14th. Xcel Energy’s dividend payout ratio (DPR) is presently 66.09%.
XEL has been the subject of several research analyst reports. SunTrust Banks restated a “hold” rating and issued a $48.00 price objective on shares of Xcel Energy in a research note on Monday, December 4th. Zacks Investment Research cut Xcel Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Morgan Stanley raised their price objective on Xcel Energy from $50.00 to $53.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 13th. ValuEngine upgraded Xcel Energy from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, Royal Bank of Canada restated a “hold” rating and issued a $49.00 price objective on shares of Xcel Energy in a research note on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $48.00.
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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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