Mutual of America Capital Management LLC Sells 3,338 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Mutual of America Capital Management LLC decreased its stake in Xcel Energy Inc. (NASDAQ:XEL) by 4.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 73,823 shares of the company’s stock after selling 3,338 shares during the period. Mutual of America Capital Management LLC’s holdings in Xcel Energy were worth $4,570,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in XEL. Acadian Asset Management LLC bought a new position in shares of Xcel Energy in the 1st quarter worth $302,000. Dimensional Fund Advisors LP boosted its stake in shares of Xcel Energy by 8.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,318,573 shares of the company’s stock valued at $95,163,000 after purchasing an additional 104,140 shares in the last quarter. Prudential PLC purchased a new stake in shares of Xcel Energy in the 1st quarter valued at $1,385,000. Cetera Investment Advisers boosted its stake in shares of Xcel Energy by 12.9% in the 1st quarter. Cetera Investment Advisers now owns 33,591 shares of the company’s stock valued at $2,424,000 after purchasing an additional 3,836 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its stake in shares of Xcel Energy by 8.8% in the 1st quarter. Sequoia Financial Advisors LLC now owns 3,775 shares of the company’s stock valued at $272,000 after purchasing an additional 304 shares in the last quarter. Institutional investors own 78.38% of the company’s stock.

Xcel Energy Stock Performance

Xcel Energy stock opened at $53.17 on Tuesday. The stock’s 50 day simple moving average is $54.54 and its two-hundred day simple moving average is $58.24. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.59 and a current ratio of 0.72. The stock has a market cap of $29.53 billion, a price-to-earnings ratio of 16.56, a PEG ratio of 2.48 and a beta of 0.36. Xcel Energy Inc. has a fifty-two week low of $46.79 and a fifty-two week high of $71.32.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings data on Thursday, January 25th. The company reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.02). The firm had revenue of $3.44 billion for the quarter, compared to the consensus estimate of $4.01 billion. Xcel Energy had a net margin of 12.47% and a return on equity of 10.78%. The business’s revenue was down 15.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.69 earnings per share. As a group, analysts expect that Xcel Energy Inc. will post 3.56 earnings per share for the current fiscal year.

Xcel Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, April 20th. Shareholders of record on Friday, March 15th will be given a dividend of $0.548 per share. This represents a $2.19 annualized dividend and a yield of 4.12%. This is a boost from Xcel Energy’s previous quarterly dividend of $0.52. The ex-dividend date is Thursday, March 14th. Xcel Energy’s payout ratio is presently 68.22%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on XEL. Royal Bank of Canada upped their price objective on shares of Xcel Energy from $67.00 to $68.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 30th. KeyCorp upped their price objective on shares of Xcel Energy from $62.00 to $68.00 and gave the company an “overweight” rating in a research note on Thursday, January 4th. Wells Fargo & Company increased their price target on shares of Xcel Energy from $63.00 to $64.00 and gave the company an “equal weight” rating in a research report on Friday, January 26th. Wolfe Research raised shares of Xcel Energy from a “peer perform” rating to an “outperform” rating and set a $58.00 price target for the company in a research report on Monday, March 11th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Xcel Energy from $68.00 to $59.00 and set a “neutral” rating for the company in a research report on Wednesday, March 13th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Xcel Energy presently has an average rating of “Moderate Buy” and an average price target of $63.08.

Xcel Energy Company 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.