Sei Investments Co. Raises Stock Holdings in Xcel Energy Inc. (NASDAQ:XEL)

Sei Investments Co. raised its position in Xcel Energy Inc. (NASDAQ:XELFree Report) by 4.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 740,796 shares of the company’s stock after buying an additional 28,333 shares during the quarter. Sei Investments Co. owned approximately 0.13% of Xcel Energy worth $45,863,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Xcel Energy during the fourth quarter worth approximately $25,000. Criterion Capital Advisors LLC purchased a new stake in shares of Xcel Energy during the fourth quarter worth approximately $25,000. Pacific Capital Wealth Advisors Inc. purchased a new stake in shares of Xcel Energy during the fourth quarter worth approximately $25,000. Heritage Wealth Advisors purchased a new stake in shares of Xcel Energy during the fourth quarter worth approximately $25,000. Finally, Capital Analysts LLC raised its stake in shares of Xcel Energy by 293.6% during the fourth quarter. Capital Analysts LLC now owns 433 shares of the company’s stock worth $26,000 after purchasing an additional 323 shares during the last quarter. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Xcel Energy Stock Up 0.9 %

Xcel Energy stock opened at $55.24 on Tuesday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.74 and a current ratio of 0.86. The firm has a market capitalization of $30.69 billion, a price-to-earnings ratio of 16.59, a price-to-earnings-growth ratio of 2.41 and a beta of 0.38. Xcel Energy Inc. has a fifty-two week low of $46.79 and a fifty-two week high of $65.62. The stock’s fifty day moving average is $54.55 and its two-hundred day moving average is $57.05.

Xcel Energy (NASDAQ:XELGet Free Report) last posted its earnings results on Thursday, April 25th. The company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.08. The company 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 revenue was down 10.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.76 earnings per share. Analysts predict that Xcel Energy Inc. will post 3.56 EPS for the current fiscal year.

Xcel Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, July 20th. Investors of record on Friday, June 14th will be paid a dividend of $0.5475 per share. This represents a $2.19 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date of this dividend is Friday, June 14th. Xcel Energy’s payout ratio is currently 65.77%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on XEL shares. Morgan Stanley upped their price target on Xcel Energy from $59.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 28th. Evercore ISI upped their price objective on Xcel Energy from $54.00 to $59.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Bank of America upped their price objective on Xcel Energy from $63.00 to $66.00 and gave the stock a “buy” rating in a report on Monday, April 29th. Barclays upped their price objective on Xcel Energy from $56.00 to $57.00 and gave the stock an “overweight” rating in a report on Tuesday, April 30th. Finally, KeyCorp dropped their price objective on Xcel Energy from $68.00 to $65.00 and set an “overweight” rating on the stock in a report on Friday, April 19th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Xcel Energy currently has an average rating of “Moderate Buy” and a consensus price target of $62.27.

Read Our Latest Analysis on Xcel Energy

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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