Reinhart Partners LLC. Sells 32,702 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Reinhart Partners LLC. decreased its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 18.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 146,311 shares of the company’s stock after selling 32,702 shares during the quarter. Reinhart Partners LLC.’s holdings in Xcel Energy were worth $9,879,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Brookstone Capital Management boosted its stake in Xcel Energy by 6.0% in the 4th quarter. Brookstone Capital Management now owns 6,066 shares of the company’s stock worth $410,000 after purchasing an additional 343 shares during the period. City State Bank boosted its stake in Xcel Energy by 43.0% in the 4th quarter. City State Bank now owns 2,526 shares of the company’s stock worth $171,000 after purchasing an additional 760 shares during the period. Czech National Bank boosted its stake in Xcel Energy by 9.6% in the 4th quarter. Czech National Bank now owns 124,507 shares of the company’s stock worth $8,407,000 after purchasing an additional 10,939 shares during the period. Graypoint LLC boosted its stake in Xcel Energy by 29.1% in the 4th quarter. Graypoint LLC now owns 4,019 shares of the company’s stock worth $271,000 after purchasing an additional 905 shares during the period. Finally, ST Germain D J Co. Inc. boosted its stake in Xcel Energy by 40.6% in the 4th quarter. ST Germain D J Co. Inc. now owns 3,027 shares of the company’s stock worth $204,000 after purchasing an additional 874 shares during the period. Institutional investors own 78.38% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on XEL. Wells Fargo & Company upgraded Xcel Energy from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $70.00 to $72.00 in a research note on Monday. Morgan Stanley lowered their price target on Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Barclays raised their price target on Xcel Energy from $67.00 to $71.00 and gave the company an “overweight” rating in a report on Tuesday, November 26th. KeyCorp raised their price target on Xcel Energy from $74.00 to $79.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Finally, UBS Group raised their price target on Xcel Energy from $66.00 to $67.00 and gave the company a “neutral” rating in a report on Friday, September 20th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $69.67.

Xcel Energy Trading Up 0.8 %

Xcel Energy stock traded up $0.49 during trading hours on Monday, reaching $63.86. The company had a trading volume of 1,257,027 shares, compared to its average volume of 3,272,900. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.82. The company has a 50-day moving average price of $68.54 and a 200 day moving average price of $63.23. The firm has a market cap of $36.67 billion, a price-to-earnings ratio of 18.95, a P/E/G ratio of 2.79 and a beta of 0.42. Xcel Energy Inc. has a 12-month low of $46.79 and a 12-month high of $73.38.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings data on Thursday, October 31st. The company reported $1.25 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.01). The business had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.93 billion. Xcel Energy had a return on equity of 10.76% and a net margin of 13.67%. Xcel Energy’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.23 earnings per share. Equities analysts forecast that Xcel Energy Inc. will post 3.54 earnings per share for the current year.

Xcel Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Monday, January 6th will be given a $0.5475 dividend. The ex-dividend date of this dividend is Monday, January 6th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 3.43%. Xcel Energy’s dividend payout ratio is currently 64.99%.

About Xcel Energy

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.