Wilmington Savings Fund Society FSB Buys 1,072 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Wilmington Savings Fund Society FSB boosted its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 6.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,289 shares of the company’s stock after purchasing an additional 1,072 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Xcel Energy were worth $1,235,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp grew its stake in Xcel Energy by 6.7% in the third quarter. State Street Corp now owns 37,143,025 shares of the company’s stock valued at $2,445,477,000 after purchasing an additional 2,323,448 shares during the last quarter. Brookfield Corp ON boosted its holdings in shares of Xcel Energy by 520.1% in the 3rd quarter. Brookfield Corp ON now owns 2,509,031 shares of the company’s stock valued at $163,840,000 after buying an additional 2,104,405 shares in the last quarter. Merewether Investment Management LP purchased a new position in shares of Xcel Energy in the 3rd quarter worth approximately $64,301,000. Massachusetts Financial Services Co. MA raised its stake in shares of Xcel Energy by 6.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 15,190,756 shares of the company’s stock worth $991,956,000 after acquiring an additional 892,740 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its position in Xcel Energy by 1,265.6% during the third quarter. Janus Henderson Group PLC now owns 839,146 shares of the company’s stock valued at $54,797,000 after acquiring an additional 777,696 shares during the last quarter. 78.38% of the stock is owned by institutional investors.

Xcel Energy Stock Down 0.8 %

XEL opened at $66.60 on Monday. The company has a fifty day moving average of $67.35 and a two-hundred day moving average of $64.95. The stock has a market capitalization of $38.24 billion, a price-to-earnings ratio of 19.36, a PEG ratio of 2.54 and a beta of 0.43. Xcel Energy Inc. has a fifty-two week low of $46.79 and a fifty-two week high of $73.38. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 0.93.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.06). Xcel Energy had a net margin of 14.40% and a return on equity of 10.65%. On average, research analysts expect that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Monday, January 6th were given a $0.5475 dividend. The ex-dividend date was Monday, January 6th. This represents a $2.19 annualized dividend and a dividend yield of 3.29%. Xcel Energy’s dividend payout ratio (DPR) is 63.66%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on XEL shares. Barclays reduced their price target on Xcel Energy from $71.00 to $69.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 22nd. Wells Fargo & Company raised their price target on Xcel Energy from $72.00 to $75.00 and gave the stock an “overweight” rating in a report on Friday. KeyCorp upped their price objective on shares of Xcel Energy from $74.00 to $79.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Jefferies Financial Group upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating and lifted their target price for the stock from $71.00 to $76.00 in a research note on Friday, November 1st. Finally, JPMorgan Chase & Co. upgraded shares of Xcel Energy from a “neutral” rating to an “overweight” rating and upped their price target for the company from $69.00 to $80.00 in a research note on Thursday, December 12th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $69.91.

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.