Rockefeller Capital Management L.P. Grows Position in Xcel Energy Inc. $XEL

Rockefeller Capital Management L.P. raised its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 18.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,865 shares of the company’s stock after acquiring an additional 11,351 shares during the period. Rockefeller Capital Management L.P.’s holdings in Xcel Energy were worth $5,456,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Quadrant Capital Group LLC raised its holdings in shares of Xcel Energy by 1.7% in the third quarter. Quadrant Capital Group LLC now owns 7,358 shares of the company’s stock valued at $593,000 after purchasing an additional 125 shares during the last quarter. TIAA Trust National Association boosted its holdings in Xcel Energy by 1.0% during the third quarter. TIAA Trust National Association now owns 12,683 shares of the company’s stock worth $1,022,000 after purchasing an additional 126 shares during the last quarter. Bleakley Financial Group LLC grew its position in Xcel Energy by 0.5% in the 4th quarter. Bleakley Financial Group LLC now owns 28,949 shares of the company’s stock worth $2,138,000 after purchasing an additional 131 shares in the last quarter. Hills Bank & Trust Co grew its position in Xcel Energy by 2.2% in the 4th quarter. Hills Bank & Trust Co now owns 6,184 shares of the company’s stock worth $457,000 after purchasing an additional 133 shares in the last quarter. Finally, Keel Point LLC increased its stake in Xcel Energy by 2.6% in the 4th quarter. Keel Point LLC now owns 5,485 shares of the company’s stock valued at $405,000 after buying an additional 137 shares during the last quarter. 78.38% of the stock is owned by hedge funds and other institutional investors.

Xcel Energy Stock Up 0.6%

Xcel Energy stock opened at $82.23 on Friday. The firm has a 50 day moving average price of $79.49 and a 200-day moving average price of $78.42. The company has a quick ratio of 0.68, a current ratio of 0.77 and a debt-to-equity ratio of 1.45. Xcel Energy Inc. has a twelve month low of $66.56 and a twelve month high of $84.23. The company has a market capitalization of $51.33 billion, a P/E ratio of 23.70, a P/E/G ratio of 2.12 and a beta of 0.39.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.91 EPS for the quarter, hitting analysts’ consensus estimates of $0.91. Xcel Energy had a net margin of 14.14% and a return on equity of 10.37%. The company had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $4.21 billion. During the same quarter in the previous year, the firm posted $0.84 EPS. Xcel Energy’s revenue was up 2.9% on a year-over-year basis. As a group, equities analysts predict that Xcel Energy Inc. will post 4.11 EPS for the current year.

Xcel Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Monday, June 15th will be paid a $0.5925 dividend. The ex-dividend date is Monday, June 15th. This represents a $2.37 annualized dividend and a dividend yield of 2.9%. Xcel Energy’s payout ratio is presently 68.30%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on XEL shares. BMO Capital Markets boosted their target price on Xcel Energy from $90.00 to $94.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. BTIG Research reaffirmed a “buy” rating and set a $98.00 price target on shares of Xcel Energy in a research report on Friday. Argus set a $86.00 price target on Xcel Energy in a report on Thursday, March 12th. Morgan Stanley set a $89.00 price objective on Xcel Energy in a research report on Wednesday. Finally, Evercore reaffirmed an “outperform” rating and set a $96.00 target price on shares of Xcel Energy in a research report on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $91.29.

About Xcel Energy

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.