Xcel Energy Inc. (NASDAQ:XEL) Stock Holdings Trimmed by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 3.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 70,070 shares of the company’s stock after selling 2,279 shares during the period. Mutual of America Capital Management LLC’s holdings in Xcel Energy were worth $3,742,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. ProShare Advisors LLC raised its stake in Xcel Energy by 23.2% during the first quarter. ProShare Advisors LLC now owns 643,986 shares of the company’s stock worth $34,614,000 after acquiring an additional 121,118 shares during the period. Allianz Asset Management GmbH grew its stake in Xcel Energy by 7.5% during the 4th quarter. Allianz Asset Management GmbH now owns 419,106 shares of the company’s stock worth $25,947,000 after buying an additional 29,307 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in Xcel Energy by 2.4% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,625,530 shares of the company’s stock worth $87,372,000 after buying an additional 38,653 shares during the period. Focus Financial Network Inc. ADV bought a new stake in Xcel Energy in the fourth quarter valued at $9,120,000. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of Xcel Energy by 24.8% during the first quarter. Daiwa Securities Group Inc. now owns 100,969 shares of the company’s stock valued at $5,427,000 after acquiring an additional 20,068 shares during the period. Institutional investors and hedge funds own 78.38% of the company’s stock.

Analyst Upgrades and Downgrades

XEL has been the subject of several recent analyst reports. Wells Fargo & Company upped their target price on shares of Xcel Energy from $57.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Friday, August 2nd. Argus upgraded Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research report on Monday, August 26th. UBS Group boosted their price target on Xcel Energy from $66.00 to $67.00 and gave the stock a “neutral” rating in a research report on Friday. KeyCorp raised their price objective on shares of Xcel Energy from $65.00 to $66.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Finally, Morgan Stanley increased their price target on Xcel Energy from $62.00 to $68.00 and gave the company an “equal weight” rating in a research note on Friday, August 23rd. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $63.79.

Xcel Energy Trading Up 0.1 %

NASDAQ XEL opened at $64.13 on Monday. The firm’s 50 day moving average price is $59.89 and its two-hundred day moving average price is $55.96. The stock has a market cap of $35.63 billion, a price-to-earnings ratio of 19.26, a PEG ratio of 2.81 and a beta of 0.38. Xcel Energy Inc. has a twelve month low of $46.79 and a twelve month high of $64.95. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.86 and a current ratio of 0.97.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.03). Xcel Energy had a net margin of 13.46% and a return on equity of 10.94%. The business had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.29 billion. During the same period in the previous year, the firm posted $0.52 earnings per share. The firm’s quarterly revenue was up .2% on a year-over-year basis. Equities analysts anticipate that Xcel Energy Inc. will post 3.55 EPS for the current year.

Xcel Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, October 20th. Investors of record on Friday, September 13th will be issued a dividend of $0.548 per share. This is a boost from Xcel Energy’s previous quarterly dividend of $0.55. This represents a $2.19 annualized dividend and a dividend yield of 3.42%. The ex-dividend date of this dividend is Friday, September 13th. Xcel Energy’s dividend payout ratio (DPR) is currently 65.77%.

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.