Ballentine Partners LLC Buys 352 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Ballentine Partners LLC lifted its stake in shares of Xcel Energy Inc. (NASDAQ:XELFree Report) by 4.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,943 shares of the company’s stock after buying an additional 352 shares during the quarter. Ballentine Partners LLC’s holdings in Xcel Energy were worth $536,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. State Street Corp grew its holdings in shares of Xcel Energy by 6.7% during the 3rd quarter. State Street Corp now owns 37,143,025 shares of the company’s stock worth $2,445,477,000 after acquiring an additional 2,323,448 shares during the period. Brookfield Corp ON grew its stake in Xcel Energy by 520.1% in the third quarter. Brookfield Corp ON now owns 2,509,031 shares of the company’s stock worth $163,840,000 after purchasing an additional 2,104,405 shares during the period. Merewether Investment Management LP bought a new position in Xcel Energy in the third quarter worth $64,301,000. Massachusetts Financial Services Co. MA lifted its position in Xcel Energy by 6.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 15,190,756 shares of the company’s stock valued at $991,956,000 after buying an additional 892,740 shares during the period. Finally, Janus Henderson Group PLC boosted its holdings in shares of Xcel Energy by 1,265.6% during the 3rd quarter. Janus Henderson Group PLC now owns 839,146 shares of the company’s stock valued at $54,797,000 after buying an additional 777,696 shares in the last quarter. 78.38% of the stock is owned by institutional investors.

Xcel Energy Stock Down 1.4 %

XEL opened at $66.06 on Friday. The stock has a market cap of $37.93 billion, a price-to-earnings ratio of 19.60, a price-to-earnings-growth ratio of 2.57 and a beta of 0.42. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 0.93. The firm’s fifty day moving average is $68.32 and its 200 day moving average is $63.88. Xcel Energy Inc. has a fifty-two week low of $46.79 and a fifty-two week high of $73.38.

Xcel Energy (NASDAQ:XELGet Free Report) last released its quarterly earnings data on Thursday, October 31st. The company reported $1.25 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.01). The business had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.93 billion. Xcel Energy had a return on equity of 10.76% and a net margin of 13.67%. The business’s revenue was down .5% on a year-over-year basis. During the same period last year, the company earned $1.23 EPS. On average, sell-side analysts forecast that Xcel Energy Inc. will post 3.54 earnings per share for the current fiscal year.

Xcel Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Monday, January 6th will be issued a dividend of $0.5475 per share. This represents a $2.19 annualized dividend and a dividend yield of 3.32%. The ex-dividend date is Monday, January 6th. Xcel Energy’s dividend payout ratio (DPR) is presently 64.99%.

Analyst Ratings Changes

XEL has been the subject of a number of recent research reports. JPMorgan Chase & Co. raised shares of Xcel Energy from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $69.00 to $80.00 in a research report on Thursday, December 12th. Wells Fargo & Company raised Xcel Energy from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $70.00 to $72.00 in a research report on Monday, January 13th. Morgan Stanley reduced their price objective on shares of Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. Barclays lowered their price objective on Xcel Energy from $71.00 to $69.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, Jefferies Financial Group upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating and raised their target price for the stock from $71.00 to $76.00 in a report on Friday, November 1st. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Xcel Energy presently has an average rating of “Moderate Buy” and a consensus price target of $69.50.

Get Our Latest Analysis on XEL

Xcel Energy Profile

(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.

See Also

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

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