Mirae Asset Global Investments Co. Ltd. Has $12.74 Million Position in Xcel Energy Inc. (NASDAQ:XEL)

Mirae Asset Global Investments Co. Ltd. decreased its stake in Xcel Energy Inc. (NASDAQ:XEL) by 4.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 187,234 shares of the company’s stock after selling 9,378 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Xcel Energy were worth $12,738,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Ashton Thomas Securities LLC acquired a new position in shares of Xcel Energy in the 3rd quarter valued at about $25,000. Transcendent Capital Group LLC bought a new position in shares of Xcel Energy during the 3rd quarter worth approximately $33,000. Crews Bank & Trust acquired a new stake in shares of Xcel Energy during the 4th quarter worth approximately $34,000. MCF Advisors LLC grew its position in shares of Xcel Energy by 566.3% during the 4th quarter. MCF Advisors LLC now owns 593 shares of the company’s stock worth $40,000 after buying an additional 504 shares during the period. Finally, West Financial Advisors LLC acquired a new position in shares of Xcel Energy during the 3rd quarter valued at $43,000. Institutional investors and hedge funds own 78.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. KeyCorp raised their price target on shares of Xcel Energy from $74.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Barclays decreased their target price on Xcel Energy from $71.00 to $69.00 and set an “overweight” rating for the company in a research report on Wednesday, January 22nd. Jefferies Financial Group upgraded Xcel Energy from a “hold” rating to a “buy” rating and increased their price target for the stock from $71.00 to $76.00 in a report on Friday, November 1st. Morgan Stanley decreased their price objective on Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Finally, Wells Fargo & Company upgraded Xcel Energy from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $70.00 to $72.00 in a report on Monday, January 13th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.64.

Xcel Energy Price Performance

XEL opened at $67.12 on Friday. The firm’s fifty day moving average price is $67.58 and its two-hundred day moving average price is $64.79. The company has a market capitalization of $38.54 billion, a price-to-earnings ratio of 19.92, a P/E/G ratio of 2.54 and a beta of 0.43. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.82. Xcel Energy Inc. has a 1 year low of $46.79 and a 1 year high of $73.38.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). Xcel Energy had a return on equity of 10.76% and a net margin of 13.67%. As a group, analysts anticipate that Xcel Energy Inc. will post 3.54 earnings per share for the current fiscal year.

Xcel Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Monday, January 6th were issued a dividend of $0.5475 per share. The ex-dividend date of this dividend was Monday, January 6th. This represents a $2.19 dividend on an annualized basis and a yield of 3.26%. Xcel Energy’s dividend payout ratio (DPR) is currently 64.99%.

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.