Xcel Energy Inc. (NASDAQ:XEL) Shares Bought by Choreo LLC

Choreo LLC increased its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 10.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,010 shares of the company’s stock after purchasing an additional 459 shares during the quarter. Choreo LLC’s holdings in Xcel Energy were worth $310,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in XEL. Vanguard Group Inc. raised its holdings in Xcel Energy by 15.6% during the 3rd quarter. Vanguard Group Inc. now owns 64,062,856 shares of the company’s stock worth $3,665,677,000 after buying an additional 8,644,054 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of Xcel Energy by 16.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 18,521,863 shares of the company’s stock valued at $1,059,821,000 after acquiring an additional 2,559,321 shares during the period. Hsbc Holdings PLC boosted its stake in Xcel Energy by 216.1% in the 3rd quarter. Hsbc Holdings PLC now owns 1,627,320 shares of the company’s stock worth $92,981,000 after purchasing an additional 1,112,510 shares during the period. Jennison Associates LLC grew its position in Xcel Energy by 184.9% during the 4th quarter. Jennison Associates LLC now owns 1,451,483 shares of the company’s stock worth $89,861,000 after purchasing an additional 942,097 shares in the last quarter. Finally, Federated Hermes Inc. raised its stake in Xcel Energy by 247.8% during the 4th quarter. Federated Hermes Inc. now owns 1,284,305 shares of the company’s stock valued at $79,511,000 after purchasing an additional 915,046 shares during the period. 78.38% of the stock is owned by institutional investors and hedge funds.

Xcel Energy Trading Up 0.9 %

Xcel Energy stock opened at $54.25 on Friday. Xcel Energy Inc. has a one year low of $46.79 and a one year high of $69.85. The company’s fifty day moving average price is $53.34 and its two-hundred day moving average price is $57.94. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.86 and a quick ratio of 0.74. The company has a market capitalization of $30.14 billion, a price-to-earnings ratio of 16.29, a PEG ratio of 2.36 and a beta of 0.36.

Xcel Energy (NASDAQ:XEL) last posted its earnings results on Thursday, April 25th. The company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.08. Xcel Energy had a return on equity of 11.03% and a net margin of 13.36%. The firm had revenue of $3.65 billion during the quarter, compared to analyst estimates of $4.12 billion. During the same period in the previous year, the company earned $0.76 EPS. The company’s revenue for the quarter was down 10.6% on a year-over-year basis. On average, analysts forecast that Xcel Energy Inc. will post 3.56 earnings per share for the current fiscal year.

Xcel Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, April 20th. Investors of record on Friday, March 15th were issued a $0.548 dividend. This represents a $2.19 annualized dividend and a yield of 4.04%. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase from Xcel Energy’s previous quarterly dividend of $0.52. Xcel Energy’s dividend payout ratio (DPR) is 65.77%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. StockNews.com raised Xcel Energy from a “sell” rating to a “hold” rating in a research report on Thursday. Wells Fargo & Company lifted their target price on Xcel Energy from $63.00 to $64.00 and gave the company an “equal weight” rating in a research note on Friday, January 26th. KeyCorp reduced their price target on shares of Xcel Energy from $68.00 to $65.00 and set an “overweight” rating for the company in a research report on Friday, April 19th. Royal Bank of Canada raised their price target on shares of Xcel Energy from $67.00 to $68.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 30th. Finally, TheStreet lowered shares of Xcel Energy from a “b-” rating to a “c+” rating in a research note on Thursday, March 14th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.83.

Xcel Energy Profile

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.