Osaic Holdings Inc. Has $11.08 Million Holdings in Xcel Energy Inc. $XEL

Osaic Holdings Inc. increased its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 12.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 161,262 shares of the company’s stock after acquiring an additional 17,477 shares during the period. Osaic Holdings Inc.’s holdings in Xcel Energy were worth $11,079,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of XEL. Bank of America Corp DE grew its holdings in shares of Xcel Energy by 9.0% during the second quarter. Bank of America Corp DE now owns 26,262,079 shares of the company’s stock worth $1,788,448,000 after purchasing an additional 2,157,602 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Xcel Energy by 10.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 18,719,520 shares of the company’s stock worth $1,274,799,000 after buying an additional 1,746,066 shares in the last quarter. Invesco Ltd. lifted its position in Xcel Energy by 29.0% during the 2nd quarter. Invesco Ltd. now owns 7,366,422 shares of the company’s stock worth $501,653,000 after buying an additional 1,654,505 shares in the last quarter. Balyasny Asset Management L.P. grew its holdings in Xcel Energy by 2,324.9% during the 2nd quarter. Balyasny Asset Management L.P. now owns 1,716,351 shares of the company’s stock worth $116,884,000 after acquiring an additional 1,645,571 shares during the last quarter. Finally, Raymond James Financial Inc. increased its position in Xcel Energy by 100.3% in the 2nd quarter. Raymond James Financial Inc. now owns 2,519,061 shares of the company’s stock valued at $171,548,000 after acquiring an additional 1,261,439 shares in the last quarter. 78.38% of the stock is owned by institutional investors and hedge funds.

Xcel Energy Stock Down 1.3%

Shares of NASDAQ:XEL opened at $72.67 on Friday. The company has a 50 day moving average price of $79.26 and a two-hundred day moving average price of $74.56. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.69 and a current ratio of 0.79. The company has a market capitalization of $42.99 billion, a PE ratio of 22.16, a PEG ratio of 2.17 and a beta of 0.45. Xcel Energy Inc. has a 52 week low of $62.58 and a 52 week high of $83.01.

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

Xcel Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 20th. Investors of record on Monday, December 29th will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Monday, December 29th. Xcel Energy’s dividend payout ratio is presently 69.51%.

Analyst Ratings Changes

XEL has been the topic of a number of research reports. Weiss Ratings upgraded shares of Xcel Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 24th. Royal Bank Of Canada assumed coverage on Xcel Energy in a research report on Tuesday, October 28th. They issued a “moderate buy” rating on the stock. BMO Capital Markets lifted their target price on Xcel Energy from $84.00 to $87.00 and gave the company an “outperform” rating in a research note on Wednesday, October 15th. Bank of America upped their price target on Xcel Energy from $78.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, September 25th. Finally, Morgan Stanley reaffirmed an “underperform” rating and issued a $84.00 target price on shares of Xcel Energy in a research note on Thursday, November 20th. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $87.29.

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.