Goldman Sachs Group Inc. boosted its holdings in shares of Xcel Energy Inc (NYSE:XEL) by 41.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,980,432 shares of the utilities provider’s stock after purchasing an additional 1,164,088 shares during the period. Goldman Sachs Group Inc. owned about 0.78% of Xcel Energy worth $191,499,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. First Republic Investment Management Inc. raised its stake in shares of Xcel Energy by 12.5% in the third quarter. First Republic Investment Management Inc. now owns 9,938 shares of the utilities provider’s stock valued at $471,000 after acquiring an additional 1,106 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of Xcel Energy by 1.6% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 73,722 shares of the utilities provider’s stock valued at $3,489,000 after acquiring an additional 1,129 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of Xcel Energy by 10.4% in the third quarter. Pacer Advisors Inc. now owns 11,996 shares of the utilities provider’s stock valued at $568,000 after acquiring an additional 1,131 shares during the last quarter. BB&T Investment Services Inc. raised its position in Xcel Energy by 73.3% in the 3rd quarter. BB&T Investment Services Inc. now owns 2,730 shares of the utilities provider’s stock worth $145,000 after purchasing an additional 1,155 shares during the last quarter. Finally, Assetmark Inc. raised its position in Xcel Energy by 118.9% in the 3rd quarter. Assetmark Inc. now owns 2,191 shares of the utilities provider’s stock worth $104,000 after purchasing an additional 1,190 shares during the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.
XEL has been the subject of several research analyst reports. SunTrust Banks set a $42.00 price objective on shares of Xcel Energy and gave the stock a “hold” rating in a research report on Wednesday, January 17th. ValuEngine raised shares of Xcel Energy from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research raised shares of Xcel Energy from a “sell” rating to a “hold” rating in a report on Monday, January 15th. UBS Group initiated coverage on shares of Xcel Energy in a report on Friday, February 2nd. They set a “neutral” rating and a $47.00 target price for the company. Finally, Morgan Stanley raised shares of Xcel Energy from an “equal weight” rating to an “overweight” rating and set a $48.00 target price for the company in a report on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Xcel Energy currently has an average rating of “Hold” and an average price target of $48.00.
Xcel Energy (NYSE:XEL) last posted its quarterly earnings data on Wednesday, February 7th. The utilities provider reported $0.42 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.01). The company had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.84 billion. Xcel Energy had a net margin of 10.06% and a return on equity of 10.44%. The company’s revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.45 earnings per share. equities analysts predict that Xcel Energy Inc will post 2.44 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 20th. Investors of record on Thursday, March 15th will be given a $0.38 dividend. This is a boost from Xcel Energy’s previous quarterly dividend of $0.36. This represents a $1.52 annualized dividend and a yield of 3.51%. The ex-dividend date of this dividend is Wednesday, March 14th. Xcel Energy’s payout ratio is currently 62.61%.
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About Xcel Energy
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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