Massmutual Trust Co. FSB ADV Raises Holdings in Xcel Energy Inc. (NASDAQ:XEL)

Massmutual Trust Co. FSB ADV grew its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 44.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,104 shares of the company’s stock after purchasing an additional 339 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Xcel Energy were worth $63,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quilter Plc purchased a new position in shares of Xcel Energy during the first quarter worth about $255,201,000. Graham Capital Wealth Management LLC acquired a new stake in Xcel Energy in the first quarter valued at about $241,435,000. Strategic Investment Solutions Inc. IL acquired a new stake in Xcel Energy in the first quarter valued at about $27,000. ZRC Wealth Management LLC acquired a new stake in Xcel Energy in the first quarter valued at about $33,000. Finally, Quarry LP lifted its position in Xcel Energy by 114.5% in the first quarter. Quarry LP now owns 532 shares of the company’s stock valued at $36,000 after purchasing an additional 284 shares during the period. Hedge funds and other institutional investors own 77.83% of the company’s stock.

Xcel Energy Trading Down 0.2 %

Shares of NASDAQ XEL traded down $0.14 during trading on Friday, hitting $60.56. 4,327,899 shares of the company traded hands, compared to its average volume of 3,820,994. Xcel Energy Inc. has a 1 year low of $53.73 and a 1 year high of $72.99. The company has a 50-day moving average price of $58.69 and a 200-day moving average price of $61.23. The firm has a market capitalization of $33.42 billion, a P/E ratio of 19.16, a P/E/G ratio of 2.96 and a beta of 0.43. The company has a quick ratio of 0.73, a current ratio of 0.87 and a debt-to-equity ratio of 1.44.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings data on Friday, October 27th. The company reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.03). Xcel Energy had a net margin of 11.75% and a return on equity of 10.44%. The company had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.98 billion. During the same period in the prior year, the firm earned $1.18 earnings per share. The firm’s quarterly revenue was down 10.3% on a year-over-year basis. On average, equities analysts predict that Xcel Energy Inc. will post 3.35 EPS for the current year.

Xcel Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 20th. Stockholders of record on Friday, September 15th were paid a dividend of $0.52 per share. The ex-dividend date was Thursday, September 14th. This represents a $2.08 annualized dividend and a dividend yield of 3.43%. Xcel Energy’s dividend payout ratio is presently 65.82%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on XEL shares. Morgan Stanley reduced their price target on shares of Xcel Energy from $61.00 to $58.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 25th. Barclays reduced their price target on shares of Xcel Energy from $60.00 to $57.00 and set an “equal weight” rating for the company in a research report on Monday, October 9th. Royal Bank of Canada cut their price objective on Xcel Energy from $76.00 to $67.00 and set a “sector perform” rating for the company in a research report on Wednesday, September 6th. Mizuho cut their price objective on Xcel Energy from $69.00 to $62.00 and set a “buy” rating for the company in a research report on Tuesday, October 24th. Finally, Evercore ISI cut their price objective on Xcel Energy from $66.00 to $62.00 and set an “outperform” rating for the company in a research report on Friday, September 15th. Nine equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $65.00.

Xcel Energy Profile

Xcel Energy Inc, through its subsidiaries, generates, purchases, transmits, distributes, and sells electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through coal, nuclear, natural gas, hydroelectric, solar, biomass, oil, wood/refuse, and wind energy sources.