Savant Capital LLC Has $720,000 Position in Xcel Energy Inc. (NASDAQ:XEL)

Savant Capital LLC boosted its position in Xcel Energy Inc. (NASDAQ:XEL) by 21.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,630 shares of the company’s stock after purchasing an additional 2,061 shares during the period. Savant Capital LLC’s holdings in Xcel Energy were worth $720,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Asset Management One Co. Ltd. increased its stake in shares of Xcel Energy by 2.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 298,074 shares of the company’s stock valued at $18,448,000 after buying an additional 7,679 shares during the period. Pacer Advisors Inc. increased its stake in shares of Xcel Energy by 47.7% in the fourth quarter. Pacer Advisors Inc. now owns 115,016 shares of the company’s stock valued at $7,121,000 after buying an additional 37,131 shares during the period. Seven Eight Capital LP increased its stake in shares of Xcel Energy by 930.5% in the third quarter. Seven Eight Capital LP now owns 45,918 shares of the company’s stock valued at $2,627,000 after buying an additional 41,462 shares during the period. First Bank & Trust boosted its position in shares of Xcel Energy by 66.8% during the 4th quarter. First Bank & Trust now owns 70,404 shares of the company’s stock valued at $4,359,000 after purchasing an additional 28,187 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Xcel Energy by 15.6% during the 3rd quarter. Vanguard Group Inc. now owns 64,062,856 shares of the company’s stock valued at $3,665,677,000 after purchasing an additional 8,644,054 shares in the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Stock Up 0.9 %

XEL stock opened at $54.25 on Friday. Xcel Energy Inc. has a twelve month low of $46.79 and a twelve month high of $69.85. The company has a quick ratio of 0.74, a current ratio of 0.86 and a debt-to-equity ratio of 1.48. The stock’s 50 day moving average is $53.24 and its 200-day moving average is $57.91. The firm has a market capitalization of $30.14 billion, a PE ratio of 16.29, a P/E/G ratio of 2.38 and a beta of 0.36.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings results on Thursday, April 25th. The company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.08. The business had revenue of $3.65 billion for the quarter, compared to analyst estimates of $4.12 billion. Xcel Energy had a return on equity of 11.03% and a net margin of 13.36%. Xcel Energy’s quarterly revenue was down 10.6% compared to the same quarter last year. During the same period last year, the company posted $0.76 earnings per share. Sell-side analysts expect that Xcel Energy Inc. will post 3.56 EPS for the current fiscal year.

Xcel Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, April 20th. Investors of record on Friday, March 15th were paid a $0.548 dividend. This represents a $2.19 dividend on an annualized basis and a yield of 4.04%. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Thursday, March 14th. Xcel Energy’s payout ratio is currently 65.77%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on XEL. Wolfe Research upgraded Xcel Energy from a “peer perform” rating to an “outperform” rating and set a $58.00 target price on the stock in a research report on Monday, March 11th. KeyCorp cut their target price on Xcel Energy from $68.00 to $65.00 and set an “overweight” rating on the stock in a research report on Friday, April 19th. JPMorgan Chase & Co. cut their target price on Xcel Energy from $68.00 to $59.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 13th. StockNews.com upgraded Xcel Energy from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Royal Bank of Canada upped their target price on Xcel Energy from $67.00 to $68.00 and gave the company a “sector perform” rating in a research report on Tuesday, January 30th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Xcel Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.83.

Xcel Energy Company Profile

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.