Parsons Capital Management Inc. RI Sells 200 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Parsons Capital Management Inc. RI decreased its holdings in Xcel Energy Inc. (NASDAQ:XELFree Report) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,212 shares of the company’s stock after selling 200 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in Xcel Energy were worth $509,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of XEL. Vanguard Group Inc. raised its position in Xcel Energy by 15.6% in the 3rd quarter. Vanguard Group Inc. now owns 64,062,856 shares of the company’s stock valued at $3,665,677,000 after purchasing an additional 8,644,054 shares during the last quarter. T. Rowe Price Investment Management Inc. acquired a new stake in shares of Xcel Energy in the 4th quarter valued at $576,873,000. Moneta Group Investment Advisors LLC acquired a new stake in shares of Xcel Energy in the 4th quarter valued at $231,020,000. Massachusetts Financial Services Co. MA increased its stake in shares of Xcel Energy by 16.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 18,521,863 shares of the company’s stock valued at $1,059,821,000 after buying an additional 2,559,321 shares during the period. Finally, Alliancebernstein L.P. increased its stake in shares of Xcel Energy by 165.3% in the 4th quarter. Alliancebernstein L.P. now owns 1,899,289 shares of the company’s stock valued at $133,159,000 after buying an additional 1,183,298 shares during the period. Institutional investors own 78.38% of the company’s stock.

Analyst Ratings Changes

XEL has been the subject of several research reports. BMO Capital Markets lifted their target price on Xcel Energy from $59.00 to $62.00 and gave the company a “market perform” rating in a research note on Monday, December 18th. Wells Fargo & Company lifted their price objective on Xcel Energy from $63.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Friday, January 26th. Royal Bank of Canada lifted their price objective on Xcel Energy from $67.00 to $68.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 30th. JPMorgan Chase & Co. decreased their price objective on Xcel Energy from $68.00 to $59.00 and set a “neutral” rating for the company in a research note on Wednesday, March 13th. Finally, Barclays raised Xcel Energy from an “equal weight” rating to an “overweight” rating and decreased their target price for the company from $61.00 to $54.00 in a research note on Monday, March 11th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $63.08.

Read Our Latest Stock Report on XEL

Xcel Energy Stock Performance

Shares of Xcel Energy stock opened at $54.08 on Wednesday. The firm has a market cap of $30.02 billion, a price-to-earnings ratio of 16.85, a price-to-earnings-growth ratio of 2.49 and a beta of 0.36. The stock’s 50-day moving average is $55.68 and its 200-day moving average is $58.57. Xcel Energy Inc. has a one year low of $46.79 and a one year high of $71.96. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.72 and a quick ratio of 0.59.

Xcel Energy (NASDAQ:XELGet Free Report) last released its earnings results on Thursday, January 25th. The company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.02). Xcel Energy had a return on equity of 10.78% and a net margin of 12.47%. The company had revenue of $3.44 billion for the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter in the previous year, the company posted $0.69 EPS. The business’s revenue was down 15.1% on a year-over-year basis. Equities analysts predict that Xcel Energy Inc. will post 3.56 earnings per share for the current fiscal year.

Xcel Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, April 20th. Investors of record on Friday, March 15th will be issued a dividend of $0.548 per share. This represents a $2.19 annualized dividend and a yield of 4.05%. The ex-dividend date is Thursday, March 14th. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.52. Xcel Energy’s dividend payout ratio is presently 68.22%.

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.

Further Reading

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

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