Captrust Financial Advisors acquired a new position in shares of Xcel Energy Inc (NYSE:XEL) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 58,088 shares of the utilities provider’s stock, valued at approximately $2,816,000.
Other large investors also recently bought and sold shares of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of Xcel Energy by 2.7% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 304,812 shares of the utilities provider’s stock worth $14,424,000 after buying an additional 8,000 shares in the last quarter. Swiss National Bank grew its holdings in shares of Xcel Energy by 1.5% during the fourth quarter. Swiss National Bank now owns 3,017,983 shares of the utilities provider’s stock worth $145,195,000 after buying an additional 45,900 shares in the last quarter. Candriam Luxembourg S.C.A. grew its holdings in shares of Xcel Energy by 17.2% during the fourth quarter. Candriam Luxembourg S.C.A. now owns 67,170 shares of the utilities provider’s stock worth $3,232,000 after buying an additional 9,877 shares in the last quarter. Norinchukin Bank The grew its holdings in shares of Xcel Energy by 7.3% during the third quarter. Norinchukin Bank The now owns 37,794 shares of the utilities provider’s stock worth $1,788,000 after buying an additional 2,557 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC purchased a new stake in shares of Xcel Energy during the third quarter worth $505,000. Institutional investors own 73.96% of the company’s stock.
Shares of Xcel Energy Inc (XEL) opened at $43.66 on Tuesday. 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 1-year low of $41.51 and a 1-year high of $52.22. The stock has a market cap of $22,170.00, a PE ratio of 18.98, a P/E/G ratio of 3.18 and a beta of 0.18.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 20th. Investors of record on Thursday, March 15th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.48%. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.36. Xcel Energy’s dividend payout ratio is currently 62.61%.
A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Xcel Energy from a “hold” rating to a “sell” rating in a report on Friday. UBS Group assumed 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. SunTrust Banks set a $43.00 target price on shares of Xcel Energy and gave the stock a “hold” rating in a report on Monday, February 5th. Bank of America dropped their target price on shares of Xcel Energy from $49.00 to $47.00 and set a “buy” rating for the company in a report on Thursday, February 8th. 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 equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Xcel Energy currently has a consensus rating of “Hold” and an average price target 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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