Nordea Investment Management AB Purchases 86,696 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Nordea Investment Management AB raised its position in shares of Xcel Energy Inc. (NASDAQ:XELFree Report) by 3.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,954,907 shares of the company’s stock after acquiring an additional 86,696 shares during the period. Nordea Investment Management AB owned approximately 0.54% of Xcel Energy worth $182,643,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Quilter Plc purchased a new stake in shares of Xcel Energy during the first quarter valued at $255,201,000. Strategic Investment Solutions Inc. IL purchased a new stake in Xcel Energy in the first quarter worth about $27,000. McCarthy Grittinger Financial Group LLC purchased a new stake in Xcel Energy in the third quarter worth about $26,000. Royal London Asset Management Ltd. purchased a new stake in Xcel Energy in the third quarter worth about $27,000. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Xcel Energy in the third quarter worth about $31,000. Institutional investors own 77.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on XEL. TheStreet lowered shares of Xcel Energy from a “b-” rating to a “c+” rating in a research note on Thursday. JPMorgan Chase & Co. boosted their target price on shares of Xcel Energy from $66.00 to $68.00 and gave the stock a “neutral” rating in a report on Thursday, November 30th. StockNews.com upgraded shares of Xcel Energy from a “sell” rating to a “hold” rating in a report on Thursday, March 7th. Wolfe Research upgraded shares of Xcel Energy from a “peer perform” rating to an “outperform” rating and set a $58.00 target price for the company in a report on Monday, March 11th. Finally, BMO Capital Markets boosted their target price on shares of Xcel Energy from $59.00 to $62.00 and gave the stock a “market perform” rating in a report on Monday, December 18th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $63.83.

Get Our Latest Research Report on XEL

Xcel Energy Trading Up 0.2 %

Shares of NASDAQ:XEL opened at $51.99 on Monday. Xcel Energy Inc. has a 1 year low of $46.79 and a 1 year high of $71.96. The firm has a market capitalization of $28.86 billion, a price-to-earnings ratio of 16.20, a price-to-earnings-growth ratio of 2.40 and a beta of 0.36. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.72 and a quick ratio of 0.59. The business’s 50 day moving average price is $57.52 and its 200-day moving average price is $58.90.

Xcel Energy (NASDAQ:XELGet Free Report) last announced its quarterly earnings data on Thursday, January 25th. The company reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). The firm had revenue of $3.44 billion during the quarter, compared to analysts’ expectations of $4.01 billion. Xcel Energy had a net margin of 12.47% and a return on equity of 10.78%. The company’s revenue for the quarter was down 15.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.69 EPS. On average, equities research analysts forecast that Xcel Energy Inc. will post 3.57 earnings per share for the current fiscal year.

Xcel Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, April 20th. Shareholders of record on Friday, March 15th will be paid a $0.548 dividend. The ex-dividend date is Thursday, March 14th. This is an increase from Xcel Energy’s previous quarterly dividend of $0.52. This represents a $2.19 dividend on an annualized basis and a dividend yield of 4.22%. Xcel Energy’s dividend payout ratio (DPR) is 64.80%.

Xcel Energy Company Profile

(Free Report)

Xcel Energy Inc, through its subsidiaries, engages in the generation, purchasing, transmission, distribution, and sale of electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through wind, nuclear, hydroelectric, biomass, and solar energy sources, as well as coal, natural gas, oil, wood, and refuse-derived fuels.

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

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