Xcel Energy Inc. $XEL Shares Acquired by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH increased its position in shares of Xcel Energy Inc. (NASDAQ:XELFree Report) by 24.1% during the third quarter, Holdings Channel reports. The institutional investor owned 49,275 shares of the company’s stock after buying an additional 9,563 shares during the quarter. Siemens Fonds Invest GmbH’s holdings in Xcel Energy were worth $3,974,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in XEL. Vanguard Group Inc. lifted its stake in Xcel Energy by 2.7% in the third quarter. Vanguard Group Inc. now owns 76,725,720 shares of the company’s stock worth $6,187,929,000 after acquiring an additional 2,001,018 shares during the last quarter. State Street Corp increased its position in shares of Xcel Energy by 0.4% in the 2nd quarter. State Street Corp now owns 34,144,257 shares of the company’s stock valued at $2,344,295,000 after purchasing an additional 126,790 shares during the last quarter. Bank of America Corp DE increased its position in shares of Xcel Energy by 9.0% in the 2nd quarter. Bank of America Corp DE now owns 26,262,079 shares of the company’s stock valued at $1,788,448,000 after purchasing an additional 2,157,602 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Xcel Energy by 4.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 21,026,015 shares of the company’s stock valued at $1,695,748,000 after purchasing an additional 831,639 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of Xcel Energy by 4.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 19,526,873 shares of the company’s stock worth $1,574,842,000 after purchasing an additional 807,353 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Key Headlines Impacting Xcel Energy

Here are the key news stories impacting Xcel Energy this week:

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Royal Bank Of Canada reiterated an “outperform” rating and set a $95.00 target price on shares of Xcel Energy in a research note on Friday, January 23rd. BTIG Research set a $94.00 price target on Xcel Energy in a research note on Friday, January 30th. Weiss Ratings downgraded Xcel Energy from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, March 5th. Barclays lowered their price objective on Xcel Energy from $85.00 to $82.00 and set an “overweight” rating for the company in a research report on Thursday, January 15th. Finally, JPMorgan Chase & Co. dropped their price objective on Xcel Energy from $90.00 to $87.00 and set an “overweight” rating on the stock in a report on Thursday, December 11th. Three 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $88.44.

Get Our Latest Stock Analysis on XEL

Xcel Energy Trading Up 1.3%

NASDAQ XEL opened at $81.91 on Friday. The firm’s fifty day moving average price is $78.41 and its 200 day moving average price is $77.69. Xcel Energy Inc. has a 12 month low of $65.21 and a 12 month high of $84.23. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.71 and a quick ratio of 0.60. The company has a market capitalization of $51.10 billion, a price-to-earnings ratio of 23.95, a price-to-earnings-growth ratio of 2.21 and a beta of 0.45.

Xcel Energy (NASDAQ:XELGet Free Report) last announced its quarterly earnings results on Wednesday, February 4th. The company reported $0.96 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.96. Xcel Energy had a net margin of 13.76% and a return on equity of 10.46%. The firm had revenue of $3.56 billion during the quarter, compared to analysts’ expectations of $3.77 billion. During the same period in the previous year, the company earned $0.81 earnings per share. Xcel Energy’s quarterly revenue was up 14.1% compared to the same quarter last year. On average, sell-side analysts expect that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 20th. Stockholders of record on Friday, March 13th will be issued a $0.5925 dividend. This represents a $2.37 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, March 13th. This is an increase from Xcel Energy’s previous quarterly dividend of $0.57. Xcel Energy’s dividend payout ratio (DPR) is presently 66.67%.

Xcel Energy Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding XEL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xcel Energy Inc. (NASDAQ:XELFree Report).

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

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