AMF Tjanstepension AB Sells 34,960 Shares of Xcel Energy Inc. $XEL

AMF Tjanstepension AB cut its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 17.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 160,352 shares of the company’s stock after selling 34,960 shares during the period. AMF Tjanstepension AB’s holdings in Xcel Energy were worth $12,932,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. ORG Partners LLC raised its holdings in shares of Xcel Energy by 168.4% in the third quarter. ORG Partners LLC now owns 314 shares of the company’s stock valued at $25,000 after acquiring an additional 197 shares in the last quarter. Twin Peaks Wealth Advisors LLC bought a new position in Xcel Energy during the 2nd quarter worth about $25,000. Clearstead Trust LLC grew its holdings in Xcel Energy by 202.2% during the 2nd quarter. Clearstead Trust LLC now owns 417 shares of the company’s stock worth $28,000 after acquiring an additional 279 shares in the last quarter. Salomon & Ludwin LLC increased its position in Xcel Energy by 98.8% during the 3rd quarter. Salomon & Ludwin LLC now owns 509 shares of the company’s stock valued at $41,000 after purchasing an additional 253 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Xcel Energy in the 3rd quarter valued at about $50,000. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Xcel Energy Stock Performance

Shares of XEL stock opened at $75.01 on Friday. Xcel Energy Inc. has a 12-month low of $65.21 and a 12-month high of $83.01. The business’s fifty day simple moving average is $76.17 and its 200-day simple moving average is $75.79. The company has a current ratio of 0.79, a quick ratio of 0.69 and a debt-to-equity ratio of 1.51. The company has a market cap of $44.37 billion, a PE ratio of 22.87, a PEG ratio of 2.05 and a beta of 0.46.

Xcel Energy (NASDAQ:XEL) last announced its earnings results on Wednesday, October 29th. The company reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.08). Xcel Energy had a return on equity of 10.45% and a net margin of 13.46%.The business had revenue of $3.92 billion for the quarter, compared to analysts’ expectations of $3.89 billion. During the same quarter last year, the firm earned $1.25 earnings per share. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. Analysts expect that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 20th. Shareholders of record on Monday, December 29th were given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Monday, December 29th. Xcel Energy’s payout ratio is currently 69.51%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on XEL. Citigroup increased their price objective on shares of Xcel Energy from $80.00 to $92.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Argus upgraded Xcel Energy to a “strong-buy” rating in a report on Wednesday, December 3rd. Barclays dropped their target price on Xcel Energy from $85.00 to $82.00 and set an “overweight” rating on the stock in a research report on Thursday, January 15th. UBS Group cut their price target on Xcel Energy from $86.00 to $81.00 and set a “neutral” rating on the stock in a report on Wednesday, December 17th. Finally, Morgan Stanley restated an “underperform” rating on shares of Xcel Energy in a research note on Wednesday. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $87.53.

Xcel Energy Company Profile

Xcel Energy (NASDAQ: XEL) is a Minneapolis-based, publicly traded utility holding company that develops, owns and operates regulated electricity and natural gas delivery systems. The company’s core activities include generation, transmission and distribution of electricity, the delivery of natural gas to customers, and related customer service operations. Xcel provides a mix of utility services to residential, commercial and industrial customers and participates in wholesale energy markets where appropriate.

Its generation portfolio combines nuclear, natural gas, coal and a growing share of renewable resources such as wind and solar.